<SEC-DOCUMENT>0001292814-21-001953.txt : 20210430
<SEC-HEADER>0001292814-21-001953.hdr.sgml : 20210430
<ACCEPTANCE-DATETIME>20210430170704
ACCESSION NUMBER:		0001292814-21-001953
CONFORMED SUBMISSION TYPE:	20-F
PUBLIC DOCUMENT COUNT:		161
CONFORMED PERIOD OF REPORT:	20201231
FILED AS OF DATE:		20210430
DATE AS OF CHANGE:		20210430

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Afya Ltd
		CENTRAL INDEX KEY:			0001771007
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		20-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38992
		FILM NUMBER:		21879479

	BUSINESS ADDRESS:	
		STREET 1:		ALAMEDA OSCAR NIEMEYER, NO 119
		STREET 2:		SALA 504 VILA DA SERRA
		CITY:			NOVA LIMA, MINAS GERAIS
		STATE:			D5
		ZIP:			00000
		BUSINESS PHONE:		55 (31) 3515 7500

	MAIL ADDRESS:	
		STREET 1:		ALAMEDA OSCAR NIEMEYER, NO 119
		STREET 2:		SALA 504 VILA DA SERRA
		CITY:			NOVA LIMA, MINAS GERAIS
		STATE:			D5
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>20-F
<SEQUENCE>1
<FILENAME>afyaform20f_2020.htm
<DESCRIPTION>FORM 20-F
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="color: #C0504D; font: 16pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; color: #C0504D; margin: 0"></P>
<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="border-top: Black 3.5pt solid; font-size: 1pt; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Washington, D.C. 20549</P>

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<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><B>FORM 20-F</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 6pt">(Mark One)</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT></TD><TD><B>REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES<BR>
EXCHANGE ACT OF 1934 </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><B>OR</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt MS Gothic, Helvetica, Sans-Serif">&#9746;</FONT></TD><TD><B>ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE<BR>
ACT OF 1934<BR>
For the fiscal year ended December 31, 2020</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><B>OR</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT></TD><TD><B>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE<BR>
ACT OF 1934</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><B>OR</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 12pt MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT></TD><TD><B>SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES<BR>
EXCHANGE ACT OF 1934<BR>
Date of event requiring this shell company report</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 1.5in; text-indent: -0.5in"><B>For the transition period from to .</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">Commission file number: 001-38992</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>AFYA LIMITED<BR>
</B></FONT><FONT STYLE="font-size: 9pt">(Exact name of Registrant as specified in its charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">N/A<BR>
<FONT STYLE="font-size: 9pt">(Translation of Registrant&rsquo;s name into English)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>The Cayman
Islands</B></FONT><FONT STYLE="font-size: 8pt"><BR>
</FONT><FONT STYLE="font-size: 9pt">(Jurisdiction of incorporation or organization)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>Alameda Oscar
Niemeyer, No. 119, Room 504<BR>
Vila da Serra, Nova Lima<BR>
Minas Gerais &ndash; MG, Brazil<BR>
</B></FONT><FONT STYLE="font-size: 9pt">(Address of principal executive offices)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>Virgilio Deloy
Capobianco Gibbon<BR>
Chief Executive Officer<BR>
Tel.: +55 (31) 3515-7550 Email: ir@afya.com.br<BR>
Alameda Oscar Niemeyer, No. 119, Room 504<BR>
Vila da Serra, Nova Lima, Minas Gerais<BR>
Brazil<BR>
</B></FONT><FONT STYLE="font-size: 9pt">(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Securities registered or to be registered pursuant
to Section 12(b) of the Act:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Title
    of each class</P></TD>
    <TD STYLE="width: 33%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Trading
    Symbol(s)</P></TD>
    <TD STYLE="width: 33%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Name
    of each exchange on which registered</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">Class A common shares, par value US$0.00005 per share</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">AFYA</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">Nasdaq Global Select Market</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Securities registered or to be registered pursuant
to Section 12(g) of the Act:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><B>None</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Securities for which there is a reporting obligation
pursuant to Section 15(d) of the Act:</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><B>None</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Indicate the number of outstanding shares of each of the issuer&rsquo;s
classes of capital or common stock as of the close of the period covered by the annual report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in">The number of outstanding shares as of December 31, 2020 was
45,112,416 Class A common shares and 48,034,315 Class B common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Yes <FONT STYLE="font: 9pt MS Gothic, Helvetica, Sans-Serif">&#9746;</FONT><FONT STYLE="font-size: 9pt">&#9;</FONT>No
<FONT STYLE="font: 9pt MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">If this report is an annual or transition report, indicate by check
mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Yes <FONT STYLE="font: 9pt MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT><FONT STYLE="font-size: 9pt">&#9;</FONT>No
<FONT STYLE="font: 9pt MS Gothic, Helvetica, Sans-Serif">&#9746;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>Note</B> &ndash; Checking the box above will not relieve any registrant
required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Indicate by check mark whether the registrant (1)&nbsp;has filed
all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for
such shorter period that the registrant was required to file such reports), and (2)&nbsp;has been subject to such filing requirements
for the past 90 days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Yes <FONT STYLE="font: 9pt MS Gothic, Helvetica, Sans-Serif">&#9746;</FONT><FONT STYLE="font-size: 9pt">&#9;</FONT>No
<FONT STYLE="font: 9pt MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Indicate by check mark whether the registrant has submitted electronically
every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (&sect;232.405 of this chapter) during the
preceding 12 months (or for such shorter period that the registrant was required to submit such files).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Yes <FONT STYLE="font: 9pt MS Gothic, Helvetica, Sans-Serif">&#9746;</FONT><FONT STYLE="font-size: 9pt">&#9;</FONT>No
<FONT STYLE="font: 9pt MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer or an emerging growth company. See definition of &ldquo;large accelerated filer,&rdquo;
&ldquo;accelerated filer,&rdquo; and &ldquo;emerging growth company&rdquo; in Rule 12b-2 of the Exchange Act. (Check one):</P>

<P STYLE="font: 10pt/90% Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in">Large Accelerated Filer <FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9746;</FONT>&#9;Accelerated
Filer <FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT>&#9;</P>

<P STYLE="font: 10pt/90% Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in">Non-accelerated Filer <FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT>&#9;Emerging
growth company <FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">If an emerging growth company that prepares its financial statements
in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards&dagger; provided pursuant to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">&dagger; The term &ldquo;new or revised financial accounting standard&rdquo;
refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Indicate by check mark whether the registrant has filed a report
on and attestation to its management&rsquo;s assessment of the effectiveness of its internal control over financial reporting under Section
404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.
<FONT STYLE="font: 9pt MS Gothic, Helvetica, Sans-Serif">&#9746;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Indicate by check mark which basis of accounting the registrant has
used to prepare the financial statements included in this filing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in"><FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT>&#9;U.S.
GAAP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in"><FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9746;</FONT>&#9;International
Financial Reporting Standards as issued by the International Accounting Standards Board</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in"><FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT>&#9;Other</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">If &ldquo;Other&rdquo; has been checked in response to the previous
question, indicate by check mark which financial statement item the registrant has elected to follow.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT>
Item 17&#9;<FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT> Item 18</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">If this is an annual report, indicate by check mark whether the registrant
is a shell company (as defined in Rule 12b-2 of the Exchange Act).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Yes <FONT STYLE="font: 9pt MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT><FONT STYLE="font-size: 9pt">&#9;</FONT>No
<FONT STYLE="font: 9pt MS Gothic, Helvetica, Sans-Serif">&#9746;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><A NAME="toc"></A><FONT STYLE="text-transform: uppercase"><B>table
of contents</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: right"><U>Page</U></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="width: 90%; text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 0in"><A HREF="#a_001">PART I</A>&nbsp; <A HREF="#a_002">INTRODUCTION</A></TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 0in; padding-bottom: 6pt">1</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_003">ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">5</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_004">ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">5</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_005">ITEM 3. KEY INFORMATION</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">5</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_006">A.&nbsp;&nbsp;&nbsp;Selected Financial Data</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">5</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_007">B.&nbsp;&nbsp;&nbsp;Capitalization and Indebtedness</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">13</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_008">C.&nbsp;&nbsp;&nbsp;Reasons for the Offer and Use of Proceeds</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">13</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_009">D.&nbsp;&nbsp;&nbsp;Risk Factors</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">13</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 0in"><A HREF="#a_010">Summary of Risk Factors</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">13</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_011">ITEM 4. INFORMATION ON THE COMPANY</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">48</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_012">A.&nbsp;&nbsp;&nbsp;History and Development of the Company</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">48</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_013">B.&nbsp;&nbsp;&nbsp;Business Overview</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">52</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_014">C.&nbsp;&nbsp;&nbsp;Organizational Structure</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">99</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_015">D.&nbsp;&nbsp;&nbsp;Property, Plant and Equipment</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">99</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_016">ITEM 4A. UNRESOLVED STAFF COMMENTS</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">99</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_017">ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">99</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_018">A.&nbsp;&nbsp;&nbsp;Operating Results</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">99</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_019">B.&nbsp;&nbsp;&nbsp;Liquidity and Capital Resources</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">110</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_020">C.&nbsp;&nbsp;&nbsp;Research and Development, Patents and Licenses</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">111</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_021">D.&nbsp;&nbsp;&nbsp;Trend Information</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">112</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_022">E.&nbsp;&nbsp;&nbsp;Off-Balance Sheet Arrangements</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">112</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_023">F.&nbsp;&nbsp;&nbsp;Tabular Disclosure of Contractual Obligations</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">112</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_024">G.&nbsp;&nbsp;&nbsp;Safe Harbor</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">112</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_025">ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">112</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_026">A.&nbsp;&nbsp;&nbsp;Directors and Senior Management</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">112</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_027">B.&nbsp;&nbsp;&nbsp;Compensation</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">116</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_028">C.&nbsp;&nbsp;&nbsp;Board Practices</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">117</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_029">D.&nbsp;&nbsp;&nbsp;Employees</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">119</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_030">E.&nbsp;&nbsp;&nbsp;Share Ownership</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">119</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_031">ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">120</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_032">A.&nbsp;&nbsp;&nbsp;Major Shareholders</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">120</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_033">B.&nbsp;&nbsp;&nbsp;Related Party Transactions</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">122</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_034">C.&nbsp;&nbsp;&nbsp;Interests of Experts and Counsel</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">124</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_035">ITEM 8. FINANCIAL INFORMATION</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">125</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_036">A.&nbsp;&nbsp;&nbsp;Consolidated Statements and Other Financial Information</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">125</TD></TR>
</TABLE>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="width: 90%; text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_037">B.&nbsp;&nbsp;&nbsp;Significant Changes</A></TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 0in; padding-bottom: 6pt">129</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_038">ITEM 9. THE OFFER AND LISTING</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">129</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_039">A.&nbsp;&nbsp;&nbsp;Offer and Listing Details</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">129</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_040">B.&nbsp;&nbsp;&nbsp;Plan of Distribution</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">130</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_041">C.&nbsp;&nbsp;&nbsp;Markets</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">130</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_042">D.&nbsp;&nbsp;&nbsp;Selling Shareholders</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">130</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_043">E.&nbsp;&nbsp;&nbsp;Dilution</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">130</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_044">F.&nbsp;&nbsp;&nbsp;Expenses of the Issue</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">130</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_045">ITEM 10. ADDITIONAL INFORMATION</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">130</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_046">A.&nbsp;&nbsp;&nbsp;Share Capital</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">130</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_047">B.&nbsp;&nbsp;&nbsp;Memorandum and Articles of Association</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">130</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_048">C.&nbsp;&nbsp;&nbsp;Material Contracts</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">146</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_049">D.&nbsp;&nbsp;&nbsp;Exchange Controls</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">146</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_050">E.&nbsp;&nbsp;&nbsp;Taxation</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">146</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_051">F.&nbsp;&nbsp;&nbsp;Dividends and Paying Agents</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">150</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_052">G.&nbsp;&nbsp;&nbsp;Statement by Experts</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">150</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_053">H.&nbsp;&nbsp;&nbsp;Documents on Display</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">150</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_054">I.&nbsp;&nbsp;&nbsp;Subsidiary Information</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">150</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_055">ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">150</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_056">ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">151</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_057">A.&nbsp;&nbsp;&nbsp;Debt Securities</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">151</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_058">B.&nbsp;&nbsp;&nbsp;Warrants and Rights</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">151</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_059">C.&nbsp;&nbsp;&nbsp;Other Securities</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">151</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_060">D.&nbsp;&nbsp;&nbsp;American Depositary Shares</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">151</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 0in"><A HREF="#a_061">PART II</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">152</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_062">ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">152</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_063">A.&nbsp;&nbsp;&nbsp;Defaults</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">152</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_064">B.&nbsp;&nbsp;&nbsp;Arrears and delinquencies</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">152</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_065">ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">152</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_066">A.&nbsp;&nbsp;&nbsp;Material modifications to instruments</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">152</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_067">B.&nbsp;&nbsp;&nbsp;Material modifications to rights</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">152</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_068">C.&nbsp;&nbsp;&nbsp;Withdrawal or substitution of assets</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">152</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_069">D.&nbsp;&nbsp;&nbsp;Change in trustees or paying agents</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">152</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_070">E.&nbsp;&nbsp;&nbsp;Use of proceeds</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">152</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_071">ITEM 15. CONTROLS AND PROCEDURES</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">152</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_072">A.&nbsp;&nbsp;&nbsp;Disclosure Controls and Procedures</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">152</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_073">B.&nbsp;&nbsp;&nbsp;Management&rsquo;s Annual Report on Internal Control Over Financial Reporting</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">153</TD></TR>
</TABLE>
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    <TD STYLE="width: 90%; text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_074">C.&nbsp;&nbsp;&nbsp;Attestation Report of the Registered Public Accounting Firm</A></TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 0in; padding-bottom: 6pt">153</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 23.75pt"><A HREF="#a_075">D.&nbsp;&nbsp;&nbsp;Changes in Internal Control Over Financial Reporting</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">154</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_076">ITEM 16. RESERVED</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">154</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_077">ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">154</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_078">ITEM 16B. CODE OF ETHICS</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">154</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_079">ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">154</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_080">ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">155</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_081">ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">155</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_082">ITEM 16F. CHANGE IN REGISTRANT&rsquo;S CERTIFYING ACCOUNTANT</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">155</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_083">ITEM 16G. CORPORATE GOVERNANCE</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">155</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_084">ITEM 16H. MINE SAFETY DISCLOSURE</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">156</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 0in"><A HREF="#a_085">PART III</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">157</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_086">ITEM 17. FINANCIAL STATEMENTS</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">157</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_087">ITEM 18. FINANCIAL STATEMENTS</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">157</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 12.25pt"><A HREF="#a_088">ITEM 19. EXHIBITS</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">157</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 6pt; padding-left: 0in"><A HREF="#a_089">Index to Financial Statements</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">F-1</TD></TR>
</TABLE>
<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-transform: uppercase">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center"><A NAME="a_001"></A>PART I<BR>
<BR>
<FONT STYLE="color: #0D0E00"><A NAME="a_002"></A>INTRODUCTION</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Certain Definitions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Unless otherwise indicated or the context
otherwise requires, all references in this annual report to &ldquo;Afya&rdquo; or the &ldquo;Company,&rdquo; &ldquo;we,&rdquo;
&ldquo;our,&rdquo; &ldquo;ours,&rdquo; &ldquo;us&rdquo; or similar terms refer to Afya Limited, together with its subsidiaries; all
references in this annual report to &ldquo;Afya Brazil&rdquo; refer to Afya Participa&ccedil;&otilde;es S.A. (formerly NRE
Participa&ccedil;&otilde;es S.A.); all references in this annual report to &ldquo;BR Health&rdquo; refer to BR Health
Participa&ccedil;&otilde;es S.A.; all references in this annual report to &ldquo;Medcel&rdquo; refer to Guardaya Empreendimentos e
Participa&ccedil;&otilde;es S.A., or Guardaya, and its subsidiaries Medcel Editora e Eventos S.A., or Medcel Editora, and CBB Web
Servi&ccedil;os e Transmiss&otilde;es On Line S.A., or CBB Web; and all references in this annual report to &ldquo;IPTAN&rdquo;
refer to IPTAN&mdash;Instituto de Ensino Superior Presidente Tancredo de Almeida Neves S.A., &ldquo;IESVAP&rdquo; refer to Instituto
de Educa&ccedil;&atilde;o Superior do Vale do Parna&iacute;ba S.A., &ldquo;CCSI&rdquo; refer to Centro de Ci&ecirc;ncias em
Sa&uacute;de de Itajub&aacute; S.A., &ldquo;IESP&rdquo; refer to Instituto de Ensino Superior do Piau&iacute; S.A.,
&ldquo;FADEP&rdquo; refer to FADEP&mdash;Faculdade Educacional de Pato Branco Ltda., &ldquo;FASA&rdquo; refer to Instituto
Educacional Santo Agostinho S.A., &ldquo;IPEMED&rdquo; refer to Instituto de Pesquisa e Ensino M&eacute;dico do Estado de Minas
Gerais Ltda., &ldquo;IPEC&rdquo; refer to Instituto Paraense de Educa&ccedil;&atilde;o e Cultura Ltda, &ldquo;UniRedentor&rdquo;
refer to Sociedade Universit&aacute;ria Redentor S.A., &ldquo;UniSL&rdquo; refer to Centro Universit&aacute;rio S&atilde;o Lucas
Ltda., &ldquo;PEBMED&rdquo; refer to PEBMED Institui&ccedil;&atilde;o de Pesquisa M&eacute;dica e Servi&ccedil;os
Tecnol&oacute;gicos da &Aacute;rea da Sa&uacute;de S.A., &ldquo;FESAR&rdquo; refer to Faculdade de Ensino Superior da Amaz&ocirc;nia
Reunida, &ldquo;MedPhone&rdquo; refer to MedPhone Tecnologia em Sa&uacute;de Ltda., &ldquo;FCMPB&rdquo; Centro Superior de
Ci&ecirc;ncias da Sa&uacute;de S/S Ltda, &ldquo;SPES&rdquo; refer to Sociedade Padr&atilde;o de Educa&ccedil;&atilde;o Superior
Ltda., &ldquo;iClinic&rdquo; refer to iClinic Participa&ccedil;&otilde;es S.A., iClinic Desenvolvimento de Software Ltda. and Black
River Brazil Participa&ccedil;&otilde;es S.A., &ldquo;Medicinae&rdquo; refer to Medicinae Solutions S.A., &ldquo;Medical
Harbour&rdquo; refer to Medical Harbour Aparelhos M&eacute;dico-Hospitalares e Servi&ccedil;os em Tecnologia Ltda., and
&ldquo;Cliquefarma&rdquo; refer to Cliquefarma Drogarias Online Ltda.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The term &ldquo;Brazil&rdquo; refers to the
Federative Republic of Brazil and the phrase &ldquo;Brazilian government&rdquo; refers to the federal government of Brazil. &ldquo;Central
Bank&rdquo; refers to the Brazilian Central Bank <I>(Banco Central do Brasil).</I> References in the annual report to &ldquo;<I>real,</I>&rdquo;
&ldquo;<I>reais</I>&rdquo; or &ldquo;R$&rdquo; refer to the Brazilian <I>real,</I> the official currency of Brazil and references to &ldquo;U.S.
dollar,&rdquo; &ldquo;U.S. dollars&rdquo; or &ldquo;US$&rdquo; refer to U.S. dollars, the official currency of the United States.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Financial Information</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Afya is a Cayman Islands exempted company with
limited liability duly registered with the Cayman Islands Registrar of Companies and incorporated on March 22, 2019. Afya became the holding
company of Afya Brazil, formerly denominated NRE Participa&ccedil;&otilde;es S.A., through the completion of the corporate reorganization
described in note 1 to our audited consolidated financial statements (as defined below) and in Item 4. Information on the Company&mdash;A.
History and Development of the Company&mdash;Our Pre-IPO Corporate Reorganization.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Until the contribution of Afya Brazil&rsquo;s
shares to us, we had not commenced operations and had only nominal assets and liabilities and no material contingent liabilities or commitments.
Subsequent to the completion of the corporate reorganization, we began to consolidate financial information in order to reflect the operations
of Afya Brazil.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a result, the audited consolidated financial
statements prepared by Afya subsequent to the completion of the reorganization are presented &ldquo;as if&rdquo; Afya Brazil is the predecessor
of Afya. Accordingly, our audited consolidated financial statements included elsewhere in this annual report on Form 20-F reflect: (i)&nbsp;the
historical operating results of Afya Brazil prior to such reorganization; (ii)&nbsp;the consolidated results of Afya and Afya Brazil following
the reorganization; and (iii)&nbsp;the assets and liabilities of Afya Brazil at their historical cost.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The consolidated financial information of Afya
and Afya Brazil contained in this annual report is derived from our audited consolidated financial statements as of December 31, 2020
and 2019 and for the years ended December 31, 2020, 2019 and 2018, together with the notes thereto. The consolidated financial information
of Afya and Afya Brazil contained in this annual report as of December 31, 2018 and 2017 and for the year ended December 31, 2017 are
derived from our annual report on Form 20-F for the fiscal year ended December 31, 2019, filed with the SEC on April 20, 2020. All references
herein to &ldquo;our financial statements,&rdquo; &ldquo;our audited consolidated financial information,&rdquo; and &ldquo;our audited consolidated financial statements&rdquo;
are to Afya&rsquo;s consolidated financial statements included elsewhere in this annual report.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Afya is a holding company, and as such, the
primary source of revenue derives from its interest on its operational companies in Brazil. As a result, Afya&rsquo;s functional currency
as well as of its subsidiaries is the Brazilian <I>real</I>. We prepare our annual consolidated financial statements in accordance with
International Financial Reporting Standards, or IFRS, as issued by the International Accounting Standards Board, or IASB.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Summary consolidated historical financial data
have been derived from our audited consolidated financial statements, included elsewhere in this annual report. The financial results
of IPTAN, IESVAP, CCSI, IESP, FADEP, Medcel, FASA<I>, </I>IPEMED, IPEC, UniRedentor, UniSL, PEBMED, FESAR, MedPhone, and FCMPB (and together
with IPTAN, IESVAP, CCSI, IESP, FADEP, Medcel, FASA, IPEMED, UniRedentor, UniSL, PEBMED, FESAR, MedPhone and FCMPB, the &ldquo;Acquired
Companies&rdquo;) are included in our historical results for the periods following the closing of each such transaction, meaning April
26, 2018, April 26, 2018, May 30, 2018, November 27, 2018, December 5, 2018, March 29, 2019, April 3, 2019, May 9, 2019, August 13, 2019,
January 31, 2020, May 5, 2020, July 20, 2020, November 3, 2020, November 4, 2020 and November 9, 2020, respectively. Except as otherwise
indicated, the financial results of SPES, iClinic, Medicinae, Medical Harbour and Cliquefarma are not reflected in the summary consolidated
historical financial data included elsewhere in this annual report as the consummation of the acquisition of such entities occurred after
the fiscal year ended December 31, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our fiscal year ends on December 31 of each
year, so all references to a particular fiscal year are to the applicable year ended December 31.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Historical undergraduate programs combined tuition fees</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The term &ldquo;historical undergraduate programs
combined tuition fees&rdquo; refers to the sum equal to the total tuition fees charged to undergraduate students, as recorded in the historical
operating information of Afya Brazil and the Acquired Companies, since the consummation of their respective acquisition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The historical undergraduate programs combined
tuition fees information included elsewhere in this annual report (i)&nbsp;was derived from historical operating information for Afya
Brazil and for each of the Acquired Companies since the consummation of their respective acquisition; (ii)&nbsp;is akin to gross tuition
fees charged to undergraduate students; (iii)&nbsp;differs from the tuition fees set forth in our audited consolidated financial statements,
which are presented as the sum of (a)&nbsp;gross tuition fees charged to undergraduate students, (b)&nbsp;gross tuition fees charged to
graduate students and (c)&nbsp;scholarships; and (iv)&nbsp;does not represent net revenue as disclosed in our audited consolidated financial
statements included elsewhere in this annual report. For the years ended December 31, 2020, 2019 and 2018, historical undergraduate programs
combined tuition fees charged to undergraduate students by us were R$1,236.5 million, R$794.3 million and R$345.8 million, respectively.
Historical undergraduate programs combined tuition fees does not include tuition fees we charge graduate students.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our limited consolidated operating history
and recent acquisitions may make it difficult for investors to evaluate our business, financial condition, results of operations and prospects.
We experienced rapid and significant expansion in the years ended December 31, 2020, 2019 and 2018 due to the effects of the acquisition
of the Acquired Companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Because the historical and operational information
included elsewhere in this annual report may not be representative of our results and operations as a consolidated company, investors
may have limited financial and operational information on which to evaluate us and their investment decision. See &ldquo;Item 3. Key Information&mdash;D.
Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;Our limited operating history as a consolidated company,
our recent acquisitions and the comparability of our results may make it difficult for investors to evaluate our business, financial condition,
results of operations and prospects.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The past performance of Afya Brazil and the
Acquired Companies, as reflected in the historical undergraduate programs combined tuition fees information included elsewhere in this
annual report, may not be indicative of our future performance or any future anticipated synergies, future operating efficiencies or cost
savings that may result from these acquisitions.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Convenience Translation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The reporting currency for our audited consolidated
financial statements is the Brazilian <I>real</I> and, solely for the convenience of the reader, we have provided convenience translations
into U.S. dollars using the selling exchange rates published by the Central Bank on its website. Unless otherwise indicated, convenience
translations from <I>reais</I> into U.S. dollars in this annual report use the Central Bank offer exchange rate published on December
31, 2020, which was R$5.196 per US$1.00. No representation is made that the Brazilian <I>reais</I> amounts referred to could have been,
or could be, converted into U.S. dollars at any particular rate. See &ldquo;Item 3. Key Information&mdash;A. Selected Financial Data&mdash;Exchange
Rates&rdquo; for information regarding historical exchange rates of <I>reais</I> to U.S. dollars.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Market Data</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">This annual report contains data related to
economic conditions in the market in which we operate. The information contained in this annual report concerning economic conditions
is based on publicly available information from third-party sources that we believe to be reasonable. Market data and certain industry
forecast data used in this annual report were obtained from internal reports and studies, where appropriate, as well as estimates, market
research, publicly available information (including information available from the United States Securities and Exchange Commission website)
and industry publications. We obtained the information included in this annual report relating to the industry in which we operate, as
well as the estimates concerning market shares, through internal research, a report by a third-party consulting firm commissioned by us,
public information and publications on the industry prepared by official public sources, such as the Central Bank, the Brazilian Institute
of Geography and Statistics <I>(Instituto Brasileiro de Geografia e Estat&iacute;stica),</I> or the IBGE, the Organisation for Economic
Co-operation and Development, or OECD, the Brazilian Ministry of Education <I>(Minist&eacute;rio da Educa&ccedil;&atilde;o),</I> or MEC,
the An&iacute;sio Teixeira National Institute of Educational Studies and Research <I>(Instituto Nacional de Estudos e Pesquisas Educacionais
An&iacute;sio Teixeira),</I> or the INEP, the Institute of Applied Economic Research <I>(Instituto de Pesquisa Econ&ocirc;mica Aplicada),</I>
or the IPEA as well as private sources, such as Bloomberg, consulting and research companies in the Brazilian and international education
industry, the Brazilian Economic Institute of Funda&ccedil;&atilde;o Getulio Vargas <I>(Instituto Brasileiro de Economia da Funda&ccedil;&atilde;o
Getulio Vargas),</I> or FGV/IBRE, the Association of American Medical Colleges, or AAMC among others.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Industry publications, governmental publications
and other market sources, including those referred to above, generally state that the information they include has been obtained from
sources believed to be reliable, but that the accuracy and completeness of such information is not guaranteed. While we are not aware
of any misstatements regarding the market and industry data presented herein, our estimates involve risks and uncertainties and are subject
to change based on various factors, including those discussed in the section entitled &ldquo;Item 3. Key Information&mdash;D. Risk Factors.&rdquo;
Except as disclosed in this annual report, none of the publications, reports or other published industry sources referred to in this annual
report were commissioned by us or prepared at our request. Except as disclosed in this annual report, we have not sought or obtained the
consent of any of these sources to include such market data in this annual report.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Rounding</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We have made rounding adjustments to some of
the figures included in this annual report. Accordingly, numerical figures shown as totals in some tables may not be an arithmetic aggregation
of the figures that preceded them.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Forward-Looking Statements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">This annual report on Form 20-F contains information
that constitute forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities
Exchange Act of 1934, as amended, or Exchange Act, that are not based on historical facts and are not assurances of future results. The
forward-looking statements contained in this annual report, which address our expected business and financial performance, among other
matters, contain words such as &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;estimate,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;intend,&rdquo;
&ldquo;plan,&rdquo; &ldquo;aim,&rdquo; &ldquo;will,&rdquo; &ldquo;may,&rdquo; &ldquo;should,&rdquo; &ldquo;could,&rdquo; &ldquo;would,&rdquo;
&ldquo;likely,&rdquo; &ldquo;potential&rdquo; and similar expressions. We have made forward-looking statements that address, among other
things, our current expectations, plans, forecasts, projections and strategies about future events and financial trends that affect,
or may affect, our business, industry, market share, reputation, financial condition, results of operations, margins, cash flow and/or
the market price of our common shares, all of which are subject to known and unknown risks and uncertainties. Our actual results may
differ materially from those expressed or implied in the forward-looking statements due to of various factors, including, but not limited
to, those identified under the section entitled &ldquo;Item 3. Key Information&mdash;D. Risk Factors&rdquo; in this annual report. These
risks and uncertainties include factors relating to:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="#toc">Table of Contents</A></FONT></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>health epidemics, pandemics and similar outbreaks, including the COVID-19 pandemic and measures taken in response;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>our ability to provide online classes to our students and keep them engaged with online classes during the COVID-19 pandemic, and
our ability to resume on-campus practical classes for our medical students during the COVID-19 pandemic;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the passing of any municipal, state or federal laws or regulations and the outcome of legal proceedings requiring the mandatory discount
of tuition fees during the COVID-19 pandemic;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>our ability to implement our business strategy;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>changes in government regulations and legislation applicable to the education industry in Brazil, both in the traditional and distance
learning segments, including tax regulations and/or legislation;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>government interventions, including changes in, or termination of, education industry programs such as the Higher Education Student
Financing Fund (<I>Fundo de Financiamento ao Estudante do Ensino Superior</I>), or FIES, and/or the University for All Program (<I>Programa
Universidade para Todos</I>), or PROUNI, both in the traditional and distance learning segments, that affect the economic or tax regime,
the collection of tuition fees or the regulatory framework applicable to educational institutions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>changes in the financial condition of the students enrolling in our institutions in general and in the competitive conditions in the
education industry, both in the traditional and distance learning segments, or changes in the financial condition of our institutions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>our ability to adapt to technological changes in the educational sector, including in relation to distance learning programs;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the availability of government authorizations on terms and conditions and within periods acceptable to us;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>our ability to continue attracting and retaining new students;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>our ability to maintain the academic quality of our programs;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>our ability to compete and conduct our business in the future;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the success of operating initiatives, including advertising and promotional efforts and new product, service and concept development
by us and our competitors;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>changes in consumer demands and preferences and technological advances, and our ability to innovate to respond to such changes;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the availability of qualified personnel and the ability to retain such personnel;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>our capitalization and level of indebtedness;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the interests of our controlling shareholders;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>a decline in the number of students enrolled in our programs or the amount of tuition we can charge;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>changes in labor, distribution and other operating costs;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>our compliance with, and changes to, government laws, regulations and tax matters that currently apply to us;</TD></TR></TABLE>


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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>general economic, financial, political, demographic and business conditions in Brazil, as well as any other countries we may serve
in the future and their impact on our business;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>fluctuations in interest, inflation and exchange rates in Brazil and any other countries we may serve in the future;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>other factors that may affect our financial condition, liquidity and results of operations;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the effectiveness of our risk management policies and procedures, including our internal control over financial reporting; and</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the other factors discussed under section &ldquo;Risk Factors&rdquo; in this annual report on Form 20-F.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results
may differ materially from those in the forward-looking statements. The accompanying information contained in this annual report on Form
20-F, including without limitation the information set forth under the heading &ldquo;Item 5. Operating and Financial Review and Prospects,&rdquo;
identifies important factors that could cause such differences. In light of the risks, uncertainties and assumptions associated with forward-looking
statements, you should not place undue reliance on any forward-looking statements. Additional risks that we may currently deem immaterial
or that are not presently known to us could also cause the forward-looking events discussed in this annual report on Form 20-F not to
occur.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our forward-looking statements speak only as
of the date of this annual report on Form 20-F, and we do not undertake any obligation to update them in light of new information or future
developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect
the occurrence of unanticipated events.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_003"></A>ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_004"></A>ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_005"></A>ITEM 3. KEY INFORMATION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_006"></A>A.<FONT STYLE="font-weight: normal">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Selected
Financial Data</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following table sets forth selected consolidated
historical financial data of Afya as of and for the years ended December 31, 2020 and 2019 and of Afya Brazil as of and for the years
ended December 31, 2018 and 2017. The selected consolidated historical financial data as of December 31, 2020 and 2019 and for the years
ended December 31, 2020, 2019 and 2018 has been derived from our audited consolidated financial statements, included elsewhere in this
annual report. The financial results of the Acquired Companies are included in our historical results for the periods following the closing
of each such transaction, respectively. See &ldquo;Part I&mdash;Introduction&mdash;Financial Information.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The selected audited consolidated historical
financial data should be read in conjunction with &ldquo;Part I&mdash;Introduction&mdash;Financial Information,&rdquo; &ldquo;Item 5.
Operating and Financial Review and Prospects&rdquo; and our audited consolidated financial statements, including the respective notes
thereto, included elsewhere in this annual report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The selected audited consolidated historical
financial data presented in this annual report may not be indicative of future performance.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 8pt/9pt Times New Roman, Times, Serif; padding: 1pt 2.9pt 2pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 2pt; text-align: center">Historical
    Afya</P></TD>
    <TD COLSPAN="2" STYLE="text-align: center; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 2pt; text-align: center">Historical
    Afya Brazil</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 8pt/9pt Times New Roman, Times, Serif; padding: 1pt 2.9pt 2pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="text-align: center; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 2pt; text-align: center">For
    the Year Ended December 31,</P></TD></TR>
  <TR>
    <TD STYLE="font: bold 8pt/9pt Times New Roman, Times, Serif; padding: 1pt 2.9pt 2pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 2pt; text-align: center">2020</P></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 2pt; text-align: center">2020</P></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 2pt; text-align: center">2019</P></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 2pt; text-align: center">2018</P></TD>
    <TD STYLE="text-align: center; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 2pt; text-align: center">2017</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 8pt/9pt Times New Roman, Times, Serif; padding: 1pt 2.9pt 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font: bold 8pt/9pt Times New Roman, Times, Serif; padding: 1pt 2.9pt 2pt; text-align: center">(in US$ million(1))</TD>
    <TD COLSPAN="4" STYLE="font: bold 8pt/9pt Times New Roman, Times, Serif; padding: 1pt 2.9pt 2pt; text-align: center">(in R$ millions)</TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Income Statement Data</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Net revenue&#9;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">231.2</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,201.2</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">750.6</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">333.9</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">216.0</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Cost of services&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">(83.7)</P></TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">(434.7)</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(308.9)</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(168.1)</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(124.1)</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Gross profit</B>&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>147.5</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>766.5</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>441.8</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>165.9</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>91.9</B></P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">General and administrative expenses&#9;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(77.5)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(402.9)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(239.1)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(70.0)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(45.4)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Other (expenses) income, net&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">(0.1)</P></TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">(0.3)</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">2.6</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">0.6</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">2.8</P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Operating income</B>&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>69.9</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>363.3</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>205.3</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>96.4</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>49.3</B></P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Finance income&#9;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">12.0</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">62.3</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">51.7</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">10.4</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.2</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Finance expenses&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">(18.9)</P></TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">(98.3)</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(72.4)</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(8.2)</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(3.6)</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Finance result&#9;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(6.9)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(36.0)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(20.7)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.3</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.6</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Share of income of associate&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">1.5</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">7.7</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">2.4</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">&mdash;</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">&mdash;</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Income before income taxes</B>&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>64.5</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>335.1</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>186.9</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>98.7</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>51.0</B></P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Income taxes expense&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">(5.2)</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">(27.1)</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(14.2)</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(4.0)</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(2.5)</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Net income</B>&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>59.3</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>308.0</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>172.8</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>94.7</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>48.5</B></P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Net income attributable to:</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Equity holders of the parent&#9;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">56.2</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">292.1</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">153.9</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">86.3</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">45.4</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Non-controlling interests&#9;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.1</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">15.9</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">18.8</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">8.4</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.1</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-align: right; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-align: right; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-align: right; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-align: right; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 9.35pt; padding-left: 9.35pt; text-align: right; text-indent: -9.35pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Earnings per share</B></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: right">US$(1)</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: right">R$</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: right">R$</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: right">R$</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: right">R$</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Basic earnings per share&#9;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Common shares&#9;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.6</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.15</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.03</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.84</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.41</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Diluted earnings per share</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Common shares&#9;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.6</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.12</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.02</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.81</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.41</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="width: 40%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 12%">&nbsp;</TD></TR>
  </TABLE>
<!-- Field: Rule-Page --><DIV STYLE="margin: 1pt 5.5in 1pt 0in"><DIV STYLE="border-top: Black 0.5pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>For convenience purposes only, amounts in reais for the year ended December 31, 2020 have been translated to U.S. dollars using an
exchange rate of R$5.196 to US$1.00, the commercial selling rate for U.S. dollars as of December 31, 2020, as reported by the Central
Bank. These translations should not be considered representations that any such amounts have been, could have been or could be converted
at that or any other exchange rate. See &ldquo;Item 3. Key Information&mdash;Selected Financial Data&mdash;Exchange Rates&rdquo; for further
information about recent fluctuations in exchange rates.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Historical
    Afya</P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Historical
    Afya Brazil</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">As
    of December 31,</P></TD></TR>
  <TR>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2019</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2018</P></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2017</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in US$ million(1))</TD>
    <TD COLSPAN="4" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in R$ millions)</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Balance Sheet Data</B></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Assets</B></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Current assets</B></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Cash and cash equivalents&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">201.1</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,045.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">943.2</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">62.3</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">25.5</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Restricted cash&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">14.8</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Trade receivables&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">58.2</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">302.3</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">125.4</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">58.4</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">28.5</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Inventories&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.4</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">7.5</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.9</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.1</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.4</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Related parties&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.6</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Recoverable taxes&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">21.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.5</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.3</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.6</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Derivatives&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.6</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Other assets&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">5.7</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">29.6</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">17.9</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">8.9</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">1.8</P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total current assets</B>&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>270.5</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>1,405.5</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>1,111.8</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>133.5</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>60.5</B></P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="#toc">Table of Contents</A></FONT></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Historical
    Afya</P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Historical
    Afya Brazil</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">As
    of December 31,</P></TD></TR>
  <TR>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2019</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2018</P></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2017</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in US$ million(1))</TD>
    <TD COLSPAN="4" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in R$ millions)</TD></TR>


  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Non-current assets</B></TD>
    <TD STYLE="vertical-align: top; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Restricted cash&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.4</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.1</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.1</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">18.8</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">&mdash;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Trade receivables&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.5</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">7.6</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9.8</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.2</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.3</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Related parties&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.6</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.0</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Derivatives&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.7</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">&mdash;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Other assets&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">14.2</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">74.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">17.3</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">10.4</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.7</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Property and equipment&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">50.1</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">260.4</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">139.3</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">65.8</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">32.5</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Investment in associate&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9.9</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">51.4</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">45.6</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">&mdash;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Right-of-use assets(2)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">80.7</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">419.1</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">274.3</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">&mdash;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Intangible assets&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">495.2</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right; margin-top: 0; margin-bottom: 0">2,573.0</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">1,312.3</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">682.5</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">4.7</P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total non-current assets</B>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>652.0</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>3,387.6</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>1,800.7</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>784.9</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>43.1</B></P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total assets</B>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>922.5</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>4,793.1</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>2,912.5</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>918.4</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>103.6</B></P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Liabilities</B></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Current liabilities</B></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Trade payables&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.9</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">35.7</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">17.6</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">8.1</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.7</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Loans and financing&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">20.6</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">107.2</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">53.6</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">26.8</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.2</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Derivatives&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.8</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">&mdash;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Lease liabilities(2)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">11.9</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">62.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">22.7</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">&mdash;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Accounts payable to selling shareholders&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">36.3</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">188.4</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">131.9</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">88.9</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">&mdash;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Notes Payable&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">10.5</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">&mdash;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Advances from customers&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">12.3</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">63.8</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">36.9</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">13.7</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">8.3</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Labor and social obligations&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">15.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">77.9</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">46.8</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">32.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">18.3</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Taxes payable&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.3</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">33.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">19.4</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.5</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.6</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Income taxes payable&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.9</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.6</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.2</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.3</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.0</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Dividends payable&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.1</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">14.9</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Other liabilities&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">1.2</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">6.3</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">0.4</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">2.0</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">&mdash;</P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total current liabilities</B>&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>113.4</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>589.4</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>333.2</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>182.3</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>51.9</B></P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Non-current liabilities</B></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Loans and financing&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">98.2</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">510.3</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.8</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">51.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.7</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Lease liabilities(2)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">74.2</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">385.7</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">261.8</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">&mdash;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Accounts payable to selling shareholders&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">63.5</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">329.8</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">168.4</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">88.9</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">&mdash;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Notes Payable&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">12.6</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">65.7</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">&mdash;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Taxes payable&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.1</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">21.4</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">21.3</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.2</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.4</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Provision for legal proceedings&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">10.2</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">53.1</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.3</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.5</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.7</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Related parties&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.1</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Other liabilities&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">0.7</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">3.8</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">2.0</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">2.2</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">&mdash;</P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total non-current liabilities</B>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>263.7</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>1,369.9</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>465.5</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>145.7</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>4.9</B></P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total liabilities</B>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>377.1</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>1,959.3</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>798.7</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>328.1</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>56.9</B></P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Equity</B></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Share capital&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">315.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">66.5</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Additional paid-in capital&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">447.2</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,323.5</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,931.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">125.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(63.6)</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Share-based compensation reserve&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9.8</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">50.7</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">18.1</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.2</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Earnings reserves&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">78.5</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">408.0</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">115.9</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">59.8</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">43.2</P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; vertical-align: top; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Equity attributable to equity holders of the <BR>
parent</B>&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>535.5</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>2,782.2</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>2,065.1</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>502.0</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>46.1</B></P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Non-controlling interests&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">9.9</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">51.6</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">48.6</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">88.4</P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">0.7</P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total equity</B>&#9;</TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>545.4</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>2,833.8</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>2,113.7</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>590.4</B></P></TD>
    <TD STYLE="text-align: right; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>46.8</B></P></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total liabilities and equity</B>&#9;</TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>922.5</B></P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>4,793.1</B></P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>2,912.5</B></P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>918.4</B></P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>103.6</B></P></TD></TR>
  </TABLE>
<!-- Field: Rule-Page --><DIV STYLE="margin: 1pt 5.5in 1pt 0in"><DIV STYLE="border-top: Black 0.5pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>For convenience purposes only, amounts in <I>reais</I> as of December 31, 2020 have been translated to U.S. dollars using an exchange
rate of R$5.196 to US$1.00, the commercial selling rate for U.S. dollars as of December 31, 2020, as reported by the Central Bank. These
translations should not be considered representations that any such amounts have been, could have been or could be converted at that or
any other exchange rate. See &ldquo;Item 3. Key Information&mdash;Selected Financial Data&mdash;Exchange Rates&rdquo; for further information
about recent fluctuations in exchange rates.</TD></TR><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>On January 1, 2019 we adopted IFRS 16. See note 12.2.2 to our audited consolidated financial statements.</TD></TR></TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Non-GAAP Financial Measures</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">This annual report presents our Adjusted EBITDA
and Operating Cash Conversion Ratio information for the convenience of investors, which are non-GAAP financial measures. A non-GAAP financial
measure is generally defined as one that purports to measure financial performance but excludes or includes amounts that would not be
so adjusted in the most comparable GAAP measure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We calculate our Adjusted EBITDA as net income
<I>plus/minus</I> finance result <I>plus</I> income taxes expense <I>plus</I> depreciation and amortization <I>plus</I> interest received
on late payments of monthly tuition fees, <I>minus</I> income share associate, <I>plus</I> share-based compensation expense <I>plus/minus</I>
non-recurring expenses. We calculate our Operating Cash Conversion Ratio as the cash flows from operations <I>plus/minus</I> income taxes
paid divided by Adjusted EBITDA <I>plus/minus</I> non-recurring expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We present Adjusted EBITDA because we believe
this measure provides investors with a supplemental measure of the financial performance of our core operations that facilitates period-to-period
comparisons on a consistent basis. We also present Operating Cash Conversion Ratio because we believe this measure provides investors
with a measure of how efficiently we convert our EBITDA into cash. The non-GAAP financial measures described in this annual report are
not a substitute for the IFRS measures of earnings. Additionally, our calculations of Adjusted EBITDA and Operating Cash Conversion Ratio
may be different from the calculations used by other companies, including our competitors in the education services industry, and therefore,
our measures may not be comparable to those of other companies.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Adjusted EBITDA and Operating Cash Conversion
Ratio</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">For
    the Year Ended December 31,</P></TD></TR>
  <TR>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; width: 52%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="vertical-align: bottom; width: 9%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="vertical-align: bottom; width: 9%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2019</P></TD>
    <TD STYLE="vertical-align: bottom; width: 9%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2018</P></TD>
    <TD STYLE="vertical-align: top; width: 10%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2017</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in US$ millions(1))</TD>
    <TD COLSPAN="4" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in R$ millions)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(except percentages)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Adjusted EBITDA&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">108.4</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">563.1</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">331.2</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">119.9</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">57.3</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Operating Cash Conversion Ratio&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">75.7%</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">75.7%</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">100.5%</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">75.1%</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">75.3%</TD></TR>
  </TABLE>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="background-color: white">(1)</FONT></TD><TD>For convenience purposes only, amounts in <I>reais</I> for the year ended December 31, 2020 have been translated to U.S. dollars using
an exchange rate of R$5.196 to US$1.00, the commercial selling rate for U.S. dollars as of December 31, 2020, as reported by the Central
Bank. These translations should not be considered representations that any such amounts have been, could have been or could be converted
at that or any other exchange rate. See &ldquo;Item 3. Key Information&mdash;Selected Financial Data&mdash;Exchange Rates&rdquo; for further
information about recent fluctuations in exchange rates.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Reconciliation of Non-GAAP Financial Measures</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following tables set forth the Adjusted
EBITDA reconciliation to our net income and the Operating Cash Conversion Ratio reconciliation to our cash flow from operations for the
years ended December 31, 2020, 2019, 2018 and 2017, in each case, our most recent directly comparable financial measures calculated and
presented in accordance with IFRS. For further information on why our management chooses to use these non-GAAP financial measures, and
on the limits of using these non-GAAP measures, please see &ldquo;Item 3. A. Selected Financial Data&mdash;non-GAAP Financial Measures.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Reconciliation between Net Income and Adjusted
EBITDA</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Historical
    Afya</P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Historical
    Afya Brazil</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">For
    the Year Ended December 31,</P></TD></TR>
  <TR>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; width: 40%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; width: 12%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">2020</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; width: 12%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">2020</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; width: 12%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">2019</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; width: 12%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">2018(9)</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: top; width: 12%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">2017(9)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in US$ millions(1))</TD>
    <TD COLSPAN="4" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in R$ millions)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Net income</B></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><B>59.3</B></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><B>308.0</B></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><B>172.8</B></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><B>94.7</B></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><B>48.5</B></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Finance result&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.9</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">36.0</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">20.7</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(2.3)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(1.6)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Income taxes expense&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.2</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">27.1</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">14.2</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.0</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.5</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Depreciation and amortization&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">20.9</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">108.7</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">73.2</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9.1</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.0</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Interest received(2)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.3</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">11.9</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9.7</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.4</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.2</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Income share associate&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(1.5)</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(7.7)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(2.4)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Share-based compensation expense&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.3</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">32.6</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">18.1</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.2</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Non-recurring expenses(3):</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 18.7pt; text-indent: -9.35pt">Integration of new companies(4)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.9</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9.8</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.3</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.4</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 18.7pt; text-indent: -9.35pt">M&amp;A advisory and due diligence(5)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.2</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.2</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.8</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.4</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 18.7pt; text-indent: -9.35pt">Expansion projects(6)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.5</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">18.1</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.7</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.4</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.5</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 18.7pt; text-indent: -9.35pt">Restructuring expenses(7)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.1</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.9</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">12.1</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.7</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.2</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 18.7pt; text-indent: -9.35pt">Mandatory discounts in tuition fees(8)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">1.3</P></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">6.5</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">&mdash;</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">&mdash;</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">&mdash;</P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Adjusted EBITDA</B>&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>108.4</B></P></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>563.1</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>331.2</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>119.9</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>57.3</B></P></TD></TR>
  </TABLE>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>For convenience purposes only, amounts in reais for the year ended December 31, 2020 have been translated to U.S. dollars using an
exchange rate of R$5.196 to US$1.00, the commercial selling rate for U.S. dollars as of December 31, 2020, as reported by the Central
Bank. These translations should not be considered representations that any such amounts have been, could have been or could be converted
at that or any other exchange rate. See &ldquo;Item 3. Key Information&mdash;Selected Financial Data&mdash;Exchange Rates&rdquo; for further
information about recent fluctuations in exchange rates.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Consists of interest received on late payments of monthly tuition fees.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>We believe these adjustments are appropriate to provide additional information to investors about certain material non-cash, non-recurring
items that we do not expect to continue at the same level in the future.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD>Consists of expenses related to the integration of newly acquired schools.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD>Consists of expenses related to professional and consultant fees in connection with due diligence services for our M&amp;A transactions.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(6)</TD><TD>Consists of expenses related to professional and consultant fees in connection with the opening of new campuses.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(7)</TD><TD>Consists of expenses related to the employee redundancies in connection with the organizational restructuring of our acquired companies.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(8)</TD><TD>Consists of mandatory discounts in tuition fees (due COVID-19 on site classes restriction) related to individual and collective legal
proceedings.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(9)</TD><TD>On January 1, 2019 we adopted IFRS 16 using the modified retrospective method of adoption. See note 12.2.2 to our audited consolidated
financial statements. Accordingly, the information presented for the years ended December 31, 2018 and 2017 are not comparable with 2020
and 2019 due to the impacts of the adoption of IFRS-16 since 2019.</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Reconciliation between Cash Flow from Operations
and Operating Cash Conversion Ratio</P>

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  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Historical
    Afya/Afya Brazil</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">For
    the Year Ended December 31,</P></TD></TR>
  <TR>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; width: 40%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2019</P></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2018(9)</P></TD>
    <TD STYLE="vertical-align: top; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2017(9)</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in US$ millions(1))</TD>
    <TD COLSPAN="4" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in R$ millions)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(except percentages)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Net cash flows from operating activities</B>&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><B>71.5</B></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><B>371.5</B></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><B>299.2</B></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><B>80.3</B></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><B>39.9</B></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Income taxes paid&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.7</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">19.4</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">8.5</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.9</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.7</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Net cash flows from operating activities, before income taxes paid</B>&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>75.2</B></P></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>390.9</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>307.7</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>84.2</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>42.6</B></P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Adjusted EBITDA&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">108.4</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">563.1</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">331.2</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">119.9</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">57.3</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Non-recurring expenses(2)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Integration of new companies(3)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.9</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9.8</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.3</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.4</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">M&amp;A advisory and due diligence(4)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.2</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.2</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.8</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.4</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Expansion projects(5)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.5</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">18.1</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.7</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.4</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.5</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Restructuring expenses(6)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.1</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.9</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">12.1</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.7</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.2</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Mandatory discounts in tuition fees(7)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.3</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.5</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Adjusted EBITDA ex. non-recurring expenses&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">99.4</P></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">516.6</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">306.3</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">112.0</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">56.6</P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Operating Cash Conversion Ratio</B>(8)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>75.7%</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>75.7%</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>100.5%</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>75.1%</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>75.3%</B></P></TD></TR>
  </TABLE>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>For convenience purposes only, amounts in reais for the year ended December 31, 2020 have been translated to U.S. dollars using an
exchange rate of R$5.196 to US$1.00, the commercial selling rate for U.S. dollars as of December 31, 2020, as reported by the Central
Bank. These translations should not be considered representations that any such amounts have been, could have been or could be converted
at that or any other exchange rate. See &ldquo;Item 3. Key Information&mdash;Selected Financial Data&mdash;Exchange Rates&rdquo; for further
information about recent fluctuations in exchange rates.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>We believe these adjustments are appropriate to provide additional information to investors about certain material non-cash, non-recurring
items that we do not expect to continue at the same level in the future.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>Consists of expenses related to the integration of newly acquired schools.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD>Consists of expenses related to professional and consultant fees in connection with due diligence services for our M&amp;A transactions.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD>Consists of expenses related to professional and consultant fees in connection with the opening of new campuses.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(6)</TD><TD>Consists of expenses related to the employee redundancies in connection with the organizational restructuring of our acquired companies.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(7)</TD><TD>Consists of mandatory discounts in tuition fees (due COVID-19 on site classes restriction) related to individual and collective legal
proceedings.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(8)</TD><TD>We calculate Operating Cash Conversion Ratio as the cash flows from operations <I>plus/minus</I> income taxes paid divided by Adjusted
EBITDA <I>plus/minus</I> non-recurring expenses.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(9)</TD><TD>On January 1, 2019 we adopted IFRS 16 using the modified retrospective method of adoption. See note 12.2.2 to our audited consolidated
financial statements. Accordingly, the information presented for the years ended December 31, 2018 and 2017 are not comparable with 2020
and 2019 due to the impacts of the adoption of IFRS-16 since 2019.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Operating Data (Historical)</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">As
    of December 31,</P></TD></TR>
  <TR>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; width: 56%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom; width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 2pt; text-align: center">2020</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 2pt; text-align: center">2019</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 2pt; text-align: center">2018</P></TD>
    <TD STYLE="text-align: right; vertical-align: top; width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 2pt; text-align: center">2017</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Educational Level</B></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Undergraduate medical degree students&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">11,030</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6,597</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4,540</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,070</TD></TR>

  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; width: 56%; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Other non-medical undergraduate courses students&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">25,176</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">17,372</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">15,180</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">8,094</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total undergraduate students(1)</B>&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><B>36,206</B></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><B>23,969</B></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><B>19,720</B></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right"><B>10,164</B></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Preparatory courses &ndash; B2C&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">11,316</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">9,577</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&mdash;</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&mdash;</B></P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Preparatory courses &ndash; B2B&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">1,723</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">1,182</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&mdash;</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&mdash;</B></P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total preparatory courses(2)</B>&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>13,039</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>10,759</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&mdash;</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&mdash;</B></P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Medical specializations(3)&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">4,181</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">1,588</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">&mdash;</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">&mdash;</P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total students</B>&#9;</TD>
    <TD STYLE="text-align: right; vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>53,426</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>36,316</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>19,720</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>10,164</B></P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Operating undergraduate medical school campuses(4)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">19</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">12</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Approved undergraduate medical school campuses(4)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">24</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">20</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Operating medical school seats&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,893</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,222</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">917</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">420</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Approved medical school seats(4)(5)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,143</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,572</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,167</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">420</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Digital Health Services &ndash; Clinical Decision Software</B></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Whitebook active subscribers</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">106,977</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">81,874</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>
  </TABLE>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Excludes students that have not, by the beginning of the next school semester, paid monthly tuition fees which are due and payable.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Medcel only. Excludes (i)&nbsp;students that have not paid monthly fees within 30 days of becoming due and payable, and (ii)&nbsp;students
that have canceled their preparatory courses subscription. The information in this table as it relates to Medcel is as of December 31,
2020 and 2019 only and does not set forth information as of December 31, 2018 and 2017, as we acquired Medcel on March 29, 2019. We have
concluded the integration of Medcel in May 2020.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>Refers to specialized medical courses for doctors.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD>Approved undergraduate medical school campuses and approved medical school seats refer to our total number of undergraduate medical
school campuses and seats approved by MEC for the periods indicated, whether or not operating. All our undergraduate medical school operating
campuses and medical school seats are also approved undergraduate medical school campuses and medical school seats, however not all of
our approved undergraduate medical school campuses and medical school seats are operating undergraduate medical school campuses and medical
school seats.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD>With the acquisition of SPES, which includes UNIFIPMoc and Fip Guanambi, on October 22, 2020 and, assuming the consummation of SPES&rsquo;s
acquisition (which is subject to customary conditions precedent), our number of operating medical schools seats increases to 2,303. SPES
is a post-secondary education institution with government authorization to offer on-campus, undergraduate courses in medicine in the States
of Minas Gerais and Bahia.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Other Data</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Historical undergraduate programs combined tuition
fees</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following table sets forth information
that was derived from historical operating information for Afya Brazil and for each of the Acquired Companies since the consummation of
their respective acquisition. It does not represent net revenue as disclosed in our audited consolidated financial statements as net revenue,
which is presented as the sum of (a)&nbsp;gross tuition fees charged to undergraduate students, (b)&nbsp;gross tuition fees charged to
graduate students and (c)&nbsp;scholarships.</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">For
    the Year Ended December 31,</P></TD></TR>
  <TR>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; width: 40%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2019</P></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2018</P></TD>
    <TD STYLE="text-align: right; vertical-align: top; width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 2pt; text-align: center">2017</P></TD></TR>
  <TR>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in US$ millions(1))</TD>
    <TD COLSPAN="3" STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in R$ millions)</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: top; font-size: 8pt; text-align: right; line-height: 9pt; font-weight: bold">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding: 1pt 2.9pt 2pt; vertical-align: bottom; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(except percentages)</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; vertical-align: top; font-size: 8pt; text-align: right; line-height: 9pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Medical school programs&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">175.3</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">911.0</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">550.2</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">253.4</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">143.0</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Other undergraduate health sciences programs&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">29.3</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">152.5</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">98.5</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">44.9</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">34.4</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Other undergraduate programs(2)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">33.3</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">173.0</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">145.6</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">47.4</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">42.9</P></TD></TR>

  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Undergraduate programs combined tuition fees</B>&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>237.9</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>1,236.5</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>794.3</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>345.8</B></P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>220.3</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">% Medicine(3)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">73.7%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">73.7%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">69.3%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">73.3%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">64.9%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">% Health sciences programs(4)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">86.0%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">86.0%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">81.7%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">86.3%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">80.5%</TD></TR>
  </TABLE>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>For convenience purposes only, amounts in <I>reais</I> for the year ended December 31, 2020 have been translated to U.S. dollars using
an exchange rate of R$5.196 to US$1.00, the commercial selling rate for U.S. dollars as of December 31, 2020, as reported by the Central
Bank. These translations should not be considered representations that any such amounts have been, could have been or could be converted
at that or any other exchange rate. See &ldquo;Item 3. Key Information&mdash;Selected Financial Data&mdash;Exchange Rates&rdquo; for further
information about recent fluctuations in exchange rates.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Represents historical undergraduate programs combined tuition fees of all non-health sciences undergraduate programs, excluding fees
from periods prior to the acquisition of the relevant subsidiary.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>Calculated as medical school programs divided by the historical undergraduate programs combined tuition fees.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD>Calculated as the sum of medical school programs and other undergraduate health sciences programs, divided by the historical undergraduate
programs combined tuition fees.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Historical undergraduate programs combined
tuition fees is the sum equal to the total tuition fees charged to undergraduate students, as derived from historical operating information
of Afya Brazil and the Acquired Companies for the years ended December 31, 2020, 2019, 2018 and 2017. For the years ended December 31,
2020, 2019, 2018 and 2017, the historical undergraduate programs combined tuition fees charged to undergraduate students by us were R$1,236.5
million, R$794.3 million, R$345.8 million and R$220.3 million, respectively. Historical undergraduate programs combined tuition fees does
not include tuition fees we charge graduate students. We present historical undergraduate programs combined tuition fees because, given
our limited operating history and that our historical financial information and operational information included elsewhere in this annual
report may not be representative of our result and operations as a consolidated company, we believe that it may help investors assess
the past operating results of the Acquired Companies as combined with Afya Brazil. This metric also shows the percentage of revenues we
derive from our medicine and health sciences programs, which are our core business. We present historical undergraduate programs combined
tuition fees as the sum of gross tuition fees charged to undergraduate students, which differs from the tuition fees set forth in our
financial statements, which are presented as the sum of (a)&nbsp;gross tuition fees charged to undergraduate students, (b)&nbsp;gross
tuition fees charged to graduate students and (c)&nbsp;scholarships which are presented as the sum of gross tuition fees charged to students
net of cancellations, discounts and taxes, and which also include revenue from admission fees and income from leases, among others. The
past performance of Afya Brazil and the Acquired Companies, as reflected in the historical undergraduate programs combined tuition fees
information, may not be indicative of our future performance or any future anticipated synergies, future operating efficiencies or cost
savings that may result from these acquisitions. For further information, see &ldquo;Part I&mdash;Introduction&mdash;Financial Information&mdash;Historical
Undergraduate Programs Combined Tuition Fees.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Exchange Rates</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Brazilian foreign exchange system allows
the purchase and sale of foreign currency and the international transfer of <I>reais</I> by any person or legal entity, regardless of
the amount, subject to certain regulatory procedures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The <I>real/</I>U.S. dollar exchange rate reported
by the Central Bank was R$3.875 per US$1.00 on December 31, 2018, which reflected a 17.1% depreciation in the <I>real</I> against the
U.S. dollar during 2018. The <I>real/</I>U.S. dollar exchange rate reported by the Central Bank was R$4.031 per US$1.00 on December 31,
2019, which reflected a 4.0% depreciation in the <I>real</I> against the U.S. dollar during 2019. The <I>real/</I>U.S. dollar exchange
rate reported by the Central Bank was R$5.196 per US$1.00 on December 31, 2020, which reflected a 28.9% depreciation in the <I>real</I>
against the U.S. dollar during 2020. As of April 28, 2021, the exchange rate for the sale of U.S. dollars as reported by the Central Bank
was R$5.401 per US$1.00, which reflected a 3.9% depreciation in the <I>real</I> against the U.S. dollar since December 31, 2020.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Central Bank has intervened occasionally
in the foreign exchange market to attempt to control instability in foreign exchange rates. We cannot predict whether the Central Bank
or the Brazilian government will continue to allow the <I>real</I> to float freely or will intervene in the exchange rate market by re-implementing
a currency band system or otherwise. The <I>real</I> may depreciate or appreciate substantially against the U.S. dollar in the future.
Furthermore, Brazilian law provides that, whenever there is a serious imbalance in Brazil&rsquo;s balance of payments or there are serious
reasons to foresee a serious imbalance, temporary restrictions may be imposed on remittances of foreign capital abroad. We cannot assure
you that the Brazilian government will not place restrictions on remittances of foreign capital abroad in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following table sets forth, for the periods
indicated, the high, low, average and period-end exchange rates for the purchase of U.S. dollars expressed in Brazilian <I>reais</I> per
U.S. dollar. The monthly and annual average rates are calculated by using the average of reported exchange rates by the Central Bank on
each day during a monthly period and on the last day of each month during an annual period, respectively. As of April 28, 2021, the exchange
rate for the sale of U.S. dollars as reported by the Central Bank was R$5.401 per US$1.00.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 52%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Year</P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Period-end</P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Average(1)</P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Low(2)</P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">High(3)</P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">2016&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.259</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.483</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.119</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.156</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">2017&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.308</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.193</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.051</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.381</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">2018&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.875</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.656</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.139</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.188</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">2019&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.031</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.946</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.652</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.260</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">2020&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.196</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.158</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.021</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.937</TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt 0.25in; text-indent: -0.25in"><I>Source:</I> Central Bank.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Represents the average of the exchange rates on the closing of each day during the year.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Represents the minimum of the exchange rates on the closing of each day during the year.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>Represents the maximum of the exchange rates on the closing of each day during the year.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 52%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Month</P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Period-end</P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Average(1)</P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Low(2)</P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">High(3)</P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">October 2020&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.772</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.626</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.521</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.780</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">November 2020&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.332</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.418</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.282</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.693</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">December 2020&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.196</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.145</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.061</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.278</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">January 2021&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.476</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.356</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.163</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.509</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">February 2021&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.530</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.416</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.342</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.530</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">March 2021&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.697</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.646</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.495</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.840</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">April 2021 (through April 28, 2021)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.401</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.582</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.401</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.706</TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt 0.25in; text-indent: -0.25in"><I>Source:</I> Central Bank.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Represents the average of the exchange rates on the closing of each day during the month.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Represents the minimum of the exchange rates on the closing of each day during the month.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>Represents the maximum of the exchange rates on the closing of each day during the month.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_007"></A>B.<FONT STYLE="font-weight: normal">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Capitalization
and Indebtedness</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_008"></A>C.<FONT STYLE="font-weight: normal">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Reasons
for the Offer and Use of Proceeds</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_009"></A>D.<FONT STYLE="font-weight: normal">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Risk
Factors</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_010"></A>Summary of Risk Factors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">An investment in our Class A common shares
is subject to a number of risks, including risks relating to our business and industry, risks relating to Brazil and risks relating to
our Class A common shares. The following list&#8239;summarizes some, but not all, of these risks. Please read the information in the
section entitled &ldquo;Risk Factors&rdquo; for a more thorough description of these and other risks.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Certain Risks Relating to Our Business and Industry</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>We may not be able to identify and acquire new medical higher education institutions or meet our strategic and financial goals
in connection with any business acquisition we seek, and difficulties in effectively integrating and managing a growing number of acquisitions
may adversely affect our strategic objectives.</I> We expect to continue to acquire medical higher education institutions and healthtech
companies as part of our strategy to expand our operations, including through acquisitions that may be material in size and/or of strategic
relevance. We cannot assure you that we will continue to be able to identify post-secondary education institutions focused on medicine
that provide suitable acquisition opportunities, or to acquire such institutions on favorable terms when necessary.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>We may require additional funds to continue our expansion strategy. If we are unable to obtain adequate financing on favorable
terms to complete any potential acquisition and implement our expansion plans, our growth strategy may be materially and adversely affected.</I>
In addition, we may face significant challenges in the process of integrating the operations of any acquired companies with our existing
business, such as the inability to manage a greater number of geographically dispersed employees and create and implement efficient uniform
controls, procedures and policies, in addition to the incurrence of high or unexpected integration costs. In particular, the social distancing
policies currently in place in Brazil resulting from the COVID-19 outbreak may place additional challenges for an expedited and timely
integration of such acquired companies with our existing business.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Our revenues are highly concentrated in the tuition fees we charge for our medical courses and other health sciences programs,
and any economic, market or regulatory factors adversely affecting such medical courses and health sciences programs could lead to decreased
demand in the medical and health courses we offer, which could materially adversely affect us.</I> Economic, market or regulatory factors,
such as in the context of an economic crisis due to the COVID-19 pandemic, affecting either the amount of tuition fees we are able to
charge for the medical courses and health sciences programs we offer or the ability of our students to pay such tuition fees could result
in significantly decreased demand for our services.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Changes to the rules or delays or suspension of tuition payments made through FIES may adversely affect our cash flows and our
business. </I>We are subject to the risks associated with delays in the transfer of monthly tuition payments from the FIES program operated
by the Brazilian federal government, as well as to changes to the rules to renew FIES contracts.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>If we lose the benefits of federal tax exemptions provided under the PROUNI program, our business, financial condition and results
of operations may be materially adversely affected. </I>We may be disqualified from the PROUNI program and lose our tax exemptions if
we do not comply with certain requirements, such as providing total or partial scholarships for a percentage of students who paid their
tuition in the previous year, granting partial scholarships, and submitting to MEC semi-annual records of attendance, achievement and
dropout of students receiving scholarships, among others.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Our limited operating history as a consolidated company, our recent acquisitions and the comparability of our results may make
it difficult for investors to evaluate our business, financial condition, results of operations and prospects. </I>Because the historical
information included elsewhere in this annual report may not be representative of our results as a consolidated company, investors may
have limited financial information on which to evaluate us, their investment decision and our prior performance.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>An increase in delays and/or defaults in the payment of tuition fees may adversely affect our income and cash flows.</I> We depend
on the full and timely payment of the tuition we charge our students, including tuition payments we receive through FIES, which is largely
outside of our control.</TD></TR></TABLE>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Certain Risks Relating to Brazil</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>The Brazilian federal government has exercised, and continues to exercise, significant influence over the Brazilian economy. This
involvement as well as Brazil&rsquo;s political and economic conditions could harm us and the price of our Class A common shares. </I>The
Brazilian government&rsquo;s actions to control inflation and other policies and regulations have often involved, among other measures,
increases or decreases in interest rates, changes in fiscal policies, wage and price controls, foreign exchange rate controls, blocking
access to bank accounts, currency devaluations, capital controls and import and export restrictions. Uncertainty over whether the Brazilian
federal government will implement reforms or changes in policy or regulation affecting these or other factors in the future may affect
economic performance and contribute to economic uncertainty in Brazil.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Economic uncertainty and political instability in Brazil may harm our business and the price of our Class A common shares. </I>Political
crises have affected and continue to affect the confidence of investors and the general public, which have historically resulted in economic
deceleration and heightened volatility in the securities offered by companies with significant operations in Brazil.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Inflation and certain measures by the Brazilian government to curb inflation have historically harmed the Brazilian economy and
Brazilian capital markets, and high levels of inflation in the future would harm our business and the price of our Class A common shares.
</I>Inflation, policies adopted to curb inflationary pressures and uncertainties regarding possible future governmental intervention have
contributed to economic uncertainty and heightened volatility in the Brazilian capital markets.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Exchange rate instability may have adverse effects on the Brazilian economy, us and the price of our Class A common shares. </I>The
Brazilian government has implemented various economic plans and used various exchange rate policies, including sudden devaluations, periodic
mini-devaluations (during which the frequency of adjustments has ranged from daily to monthly), exchange controls, dual exchange rate
markets and a floating exchange rate system. In addition, domestic and international reactions to restrictive economic policies could
have a negative impact on the Brazilian economy.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Infrastructure and workforce deficiency in Brazil may impact economic growth and have a material adverse effect on us. </I>Growth
is limited by inadequate infrastructure, including potential energy shortages and deficient transportation, logistics and telecommunication
sectors, general strikes, the lack of a qualified labor force, and the lack of private and public investments in these areas, which limit
productivity and efficiency.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Developments and the perceptions of risks in other countries, including other emerging markets, the United States and Europe, may
harm the Brazilian economy and the price of our Class A common shares. </I>The market for securities offered by companies with significant
operations in Brazil is influenced by economic and market conditions in Brazil and, to varying degrees, market conditions in other Latin
American and emerging markets, as well as the United States, Europe and other countries. To the extent the conditions of the global markets
or economy deteriorate, including as a result of the COVID-19 outbreak, the business of companies with significant operations in Brazil
may be harmed.</TD></TR></TABLE>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Certain Risks Relating to Our Class A Common
Shares</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>An active trading market for our Class A common shares may not be sustainable. If an active trading market is not maintained, investors
may not be able to resell their shares and our ability to raise capital in the future may be impaired. </I>Although our Class A common
shares are listed and being traded on the Nasdaq Global Select Market, an active trading market for our shares may not be maintained.
The stock market in general has experienced substantial price and volume fluctuations that have often been unrelated or disproportionate
to the operating performance of particular companies affected, such as in the context of an economic crisis due to the COVID-19 pandemic.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>The Esteves Family and Crescera, our largest group of shareholders, own 100% of our outstanding Class B common shares, which represents
approximately 92.9% of the voting power of our issued share capital, and control all matters requiring shareholder approval. This concentration
of ownership and voting power limits your ability to influence corporate matters. </I>The decisions of the Esteves Family and Crescera
on</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in">these matters may be contrary to your expectations or preferences,
and they may take actions that could be contrary to your interests. So long as the Esteves Family and Crescera continue to beneficially
own a sufficient number of Class B common shares, even if they beneficially own significantly less than 50% of our outstanding share capital,
acting together, they will be able to effectively control our decisions.</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Class A common shares eligible for future sale may cause the market price of our Class A common shares to drop significantly. </I>The
market price of our Class A common shares may decline as a result of sales of a large number of our Class A common shares in the market
(including Class A common shares issuable upon conversion of Class B common shares) or the perception that these sales may occur. Our
shareholders or entities controlled by them or their permitted transferees will be able to sell their shares in the public market from
time to time without registering them, subject to certain limitations on the timing, amount and method of those sales imposed by regulations
promulgated by the SEC.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Our Articles of Association contain anti-takeover provisions that may discourage a third party from acquiring us and adversely
affect the rights of holders of our Class A common shares. </I>Our Articles of Association contain certain provisions that could limit
the ability of others to acquire our control, including a provision that grants authority to our board of directors to establish and issue
from time to time one or more series of preferred shares without action by our shareholders and to determine, with respect to any series
of preferred shares, the terms and rights of that series.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>If securities or industry analysts publish inaccurate or unfavorable research, about our business, the price of our Class A common
shares and our trading volume could decline. </I>The trading market for our Class A common shares will depend in part on the research
and reports that securities or industry analysts publish about us, our business, our market or our competitors. In the event one or more
of the analysts who covers us downgrades us or releases negative publicity about our Class A common shares, our share price would likely
decline.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>It is unlikely that we will declare any dividends on our common shares in the foreseeable future and therefore, you must rely on
price appreciation of our common shares for a return on your investment. </I>We do not anticipate paying any dividends in the foreseeable
future. Instead, we intend to retain earnings, if any, to fund the operation of our business and future growth. Any decision to declare
and pay dividends in the future will be made at the discretion of our general meeting of shareholders, acting pursuant to a proposal by
our board of directors, or by our board, and will depend on, among other things, our results of operations, cash requirements, financial
condition, contractual restrictions and other factors.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>There can be no assurance that we will not be a passive foreign investment company, or PFIC, for any taxable year, which could
subject United States investors in our Class A common shares to significant adverse U.S. federal income tax consequences</I>. Based on
the composition of our income and assets and the value of our assets, including goodwill, which is based on the price of our Class A common
shares, we believe that we were not a PFIC for the taxable year of 2020. However, because we hold a substantial amount of cash (relative
to the assets shown on our balance sheet) and because our PFIC status for any taxable year will depend on the composition of our income
and assets and the value of our assets from time to time (which may be determined, in part, by reference to the market price of our Class
A common shares, which could be volatile), there can be no assurance that we will not be a PFIC for any taxable year.</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Certain Risks Relating to Our Business and Industry</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We may not be able to identify and acquire new
medical higher education institutions or meet our strategic and financial goals in connection with any business acquisition we seek, and
difficulties in effectively integrating and managing a growing number of acquisitions may adversely affect our strategic objectives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We expect to continue to acquire medical higher
education institutions, as part of our strategy to expand our operations, including through acquisitions that may be material in size
and/or of strategic relevance, and healthtech companies, as part of our strategy to become the partner of choice for every physician in
Brazil not only through educational products, but also providing digital services relevant to their daily routine. We cannot assure you
that we will continue to be able to identify post-secondary education institutions focused on medicine that provide suitable acquisition
opportunities, or to acquire such institutions on favorable terms when necessary.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, our previous and any future acquisitions
involve a number of risks and challenges that may have a material adverse effect on our business and results, including the following:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the acquisition may not contribute to our commercial strategy or the image of our institution;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>a future acquisition may be subject to approval by Brazil&rsquo;s Administrative Council for Economic Defense <I>(Conselho Administrativo
de Defesa Econ&ocirc;mica,</I> or CADE) or other regulatory authorities, which may deny the necessary approvals for, or impose conditions
or restrictions on, the acquisition;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>we may face contingent and/or successor liabilities (either currently known or unknown to us) in connection with, among others things,
(i)&nbsp;judicial and/or administrative proceedings of the acquired institutions, including but not limited to, regulatory, tax, labor,
social security, environmental and intellectual property proceedings, and (ii)&nbsp;financial, reputational and technical issues, including
with respect to accounting practices, financial statement disclosures and internal controls, as well as other regulatory matters, all
of which may not be sufficiently indemnifiable under the relevant acquisition agreement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the acquisition process may require additional funds and/or may be time-consuming, and the attention of our management may be diverted
from their day-to-day responsibilities and our operations;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>our investments in acquisitions may not generate the expected returns, and we may mismanage administrative and financial resources
as part of the integration process;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the business model of the institutions we acquire may differ from ours, and we may be unable to adapt them to our business model or
do so efficiently;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>we may not be able to integrate efficiently and successfully the operations of the institutions we acquire, including their personnel,
financial systems, distribution or operating procedures;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>certain acquisitions may impact our financial reporting obligations and the preparation of our consolidated financial statements,
resulting in delays to such preparation;</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the acquisitions may generate goodwill, the impairment of which will result in the reduction of our net income and dividends, and
our financial statements may be affected as a result of the application of our accounting policies to the results of our acquisitions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the transfer of management of the target institution resulting from a change of control or corporate restructuring must be notified
to the MEC within 60 days from the consummation of the acquisition, and MEC may impose additional restrictions on its reaccreditation;
and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>we may be unable to provide the acquired company with the necessary resources to support its operations and if, by the time of the
reaccreditation of the acquired company with the MEC, the MEC finds that we have failed to meet any applicable reaccreditation requirements,
it may impose additional restrictions or conditions on the reaccreditation of the acquired company.</TD></TR></TABLE>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We may require additional funds to continue our
expansion strategy. If we are unable to obtain adequate financing on favorable terms to complete any potential acquisition and implement
our expansion plans, our growth strategy may be materially and adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, we may face significant challenges
in the process of integrating the operations of any acquired companies with our existing business, such as the inability to manage a
greater number of geographically dispersed employees and create and implement efficient uniform controls, procedures and policies, in
addition to the incurrence of high or unexpected integration costs. In particular, the social distancing policies currently in place
in Brazil resulting from the COVID-19 outbreak may place additional challenges for an expedited and timely integration of such acquired
companies with our existing business. As of the date of this annual report, we have fully integrated the operations of 11 of our acquisitions
and are in the process of integrating the operations of another 9 of our acquisitions with our existing business (UniSL, PEBMED, FESAR,
MedPhone, FCMPB, iClinic, Medicinae, Medical Harbour and Cliquefarma). The anticipated benefits of the acquisitions we may pursue will
not be achieved unless we successfully and efficiently integrate the acquired companies into our operations and effectively manage, market
and apply our business strategy to them. We may also be unable to integrate faculty and personnel with different professional experience
and from different corporate cultures, and our relationship with current and new employees, including professors, may be impaired. In
addition, we may face challenges in entering into successful collective bargaining arrangements with unions due to differences in the
negotiation procedures followed in the different geographic regions of the acquired companies. If we are not able to manage our expanded
operations and these integrations effectively, our business could be materially adversely affected.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of the date of this annual report, the COVID-19
pandemic is still evolving, and Brazilian authorities may maintain a lockdown of our on-campus activities for an undefined extended period
of time or impose a more severe lockdown, among other measures, all of which are outside of our control and have materially adversely
affected our business and results of operations. For further information, see &ldquo;<FONT STYLE="background-color: white">&mdash;</FONT>Public
health outbreaks, epidemics or pandemics, such as the COVID-19 pandemic, have adversely affected and may continue to adversely affect
our business<FONT STYLE="background-color: white">,&rdquo; and &ldquo;</FONT>Item 5. Operating and Financial Review and Prospects<FONT STYLE="background-color: white">.&rdquo;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Our revenues are highly concentrated in the tuition
fees we charge for our medical courses and other health sciences programs, and any economic, market or regulatory factors adversely affecting
such medical courses and health sciences programs could lead to decreased demand in the medical and health courses we offer, which could
materially adversely affect us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A significant portion of our historical undergraduate
programs combined tuition fees are currently concentrated in the tuition fees we charge for our medical courses and other health sciences
programs across our network. For the years ended December 31, 2020, 2019 and 2018, 86.0%, 81.7% and 86.3% respectively, of total historical
undergraduate programs combined tuition fees were derived from tuition fees we or our subsidiaries charged for medical courses and other
health sciences programs. Therefore, economic, market or regulatory factors, such as in the context of an economic crisis due to the COVID-19
pandemic, affecting either the amount of tuition fees we are able to charge for the medical courses and health sciences programs we offer
or the ability of our students to pay such tuition fees could result in significantly decreased demand for our services, which could materially
adversely affect us.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Changes to the rules or delays or suspension
of tuition payments made through FIES may adversely affect our cash flows and our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Some of our students finance their tuition
fees through the Higher Education Student Financing Fund <I>(Fundo de Financiamento ao Estudante do Ensino Superior,</I> or FIES) created
by the Brazilian federal government, and operated through the National Fund for Educational Development <I>(Fundo Nacional de Desenvolvimento
da Educa&ccedil;&atilde;o,</I> or FNDE), which offers financing to low-income students enrolled in undergraduate programs in private higher
education institutions. As of 2018, we have adhered to the &ldquo;New FIES,&rdquo; a new federal program aimed at providing student financing.
Similar to the FIES, the New FIES provides financial support for low-income students throughout Brazil, in particular in the North, Northeast
and Midwest regions. As a result, our exposure to the risks associated with delays in the transfer of monthly tuition payments from the
FIES program operated by the Brazilian federal government, which we calculate by dividing the sum of the historical undergraduate programs
combined tuition fees financed through FIES by total historical undergraduate programs combined tuition fees, was 11.8%, 9.4% and 13.0%
of total historical undergraduate programs combined tuition fees as of December 31, 2020, 2019 and 2018, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Should (i)&nbsp;the Brazilian federal government
terminate or reduce the transfer of monthly payments to our institutions that participate in FIES or New FIES, (ii)&nbsp;the students
benefiting from FIES or New FIES fail to meet the requirements for enrollment in the programs or (iii)&nbsp;the Brazilian federal government
extend the term to make reimbursements under FIES or New FIES or adversely change their rules, our results of operations and cash flow
may be materially adversely affected. We may also experience a decline in revenues and a decline in the number of students at our campuses
from the FIES and the New FIES programs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Moreover, recent changes to the rules to renew
FIES contracts, as well as the shutdown of the system to enter into new student financing agreements, may negatively affect the number
of students enrolled in our courses, causing a reduction in our revenues. For more information regarding the changes to FIES contracts,
see &ldquo;Item 4. Information on the Company&mdash;Business Overview&mdash;Regulatory Overview.&rdquo;</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">If we lose the benefits of federal tax exemptions
provided under the PROUNI program, our business, financial condition and results of operations may be materially adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Some of our students participate in the University
for All Program <I>(Programa Universidade para Todos,</I> or PROUNI program). Through the PROUNI program, the Brazilian federal government
grants a number of full and partial scholarships to low-income post-secondary education students. As a result of our participation in
the PROUNI program, we benefit from certain federal tax exemptions relating to bachelor&rsquo;s and associate&rsquo;s degree programs,
such as (i)&nbsp;income tax, (ii)&nbsp;Social Contribution Tax on Gross Revenue (<I>Programa de Integra&ccedil;&atilde;o Social</I>, or
PIS), (iii)&nbsp;Social Security Financing Tax on Gross Revenue (<I>Contribui&ccedil;&atilde;o para o Financiamento da Seguridade Social</I>,
or COFINS), and (iv)&nbsp;Social Contribution Tax on Net Profit (<I>Contribui&ccedil;&atilde;o Social sobre o Lucro L&iacute;quido</I>,
or CSLL), regarding our revenues from undergraduate and associate programs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We may be disqualified from the PROUNI program
and lose our tax exemptions if we do not comply with certain requirements, such as providing total or partial scholarships for a percentage
of students who paid their tuition in the previous year, granting partial scholarships, and submitting to MEC semi-annual records of attendance,
achievement and dropout of students receiving scholarships, among others. See &ldquo;Item 4. Information on the Company&mdash;Business
Overview&mdash;Regulatory Overview.&rdquo; If we lose our tax exemptions or are unable to comply with other, more stringent requirements
that may be introduced in the future, our business, financial condition and results of operations could be materially adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">There is a risk that additional changes in
tax laws may prohibit, interrupt or modify the use of existing tax exemptions, and we cannot assure you that we will fully maintain such
tax and other benefits related to PROUNI in the event the tax laws are amended further. Any suspension, accelerated default, repayment
or inability to renew our tax exemptions may have an adverse effect on our results of operations. As of the date of this annual report,
there are two main proposed tax law amendments that are under review by the Brazilian congress: (i)&nbsp;Bill No. 3887/2020, which expressly
revokes the PIS and COFINS tax exemptions for the PROUNI program; and (ii)&nbsp;Constitutional Amendment Proposal No. 45/2020, which proposes
a new tax to substitute PIS and COFINS (and other state and municipal taxes) with no tax exemptions. If we lose our tax exemptions and
incentives, if we are unable to comply with future requirements or if changes in the law limit our ability to maintain these tax benefits,
our business, financial condition and results of operations may be significantly and adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Our limited operating history as a consolidated
company, our recent acquisitions and the comparability of our results may make it difficult for investors to evaluate our business, financial
condition, results of operations and prospects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our limited operating history as a consolidated
company and recent acquisitions may make it difficult for you to evaluate our business, financial condition, results of operations and
prospects. Because the historical information included elsewhere in this annual report may not be representative of our results as a consolidated
company, investors may have limited financial information on which to evaluate us, their investment decision and our prior performance.
Our results of operations for the year ended December 31, 2020 are not directly comparable to our results of operations for the year ended
December 31, 2019, and our results of operations for the year ended December 31, 2019 are not directly comparable to our results of operations
for the year ended December 31, 2018, due to the effects of the acquisition of the Acquired Companies. Our ability to forecast our future
operating results, including revenue, cash flows and profitability, as well as the operational inefficiencies that we may face as we continue
to integrate the Acquired Companies, is limited and subject to a number of uncertainties. Moreover, past performance is no assurance of
future returns.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">The interests of our management team may be focused
on the short-term market price of our Class A common shares, which may not coincide with your interests. In addition, our shareholders
may suffer dilution of their interests in our share capital and in the value of their investments due to the issuance of new shares for
settlement of our share-based incentive plans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our directors and officers, among others, own
shares issued by us and are beneficiaries under our stock option plans. Our 2018 stock option plan, which has now been formally terminated,
was fully vested and exercised upon the completion of our initial public offering and we approved a new stock option plan for our managers
and employees in August 2019 (as amended in July 2020), and reserved up to 4% of our common shares at any time for issuance under this
new equity incentive plan. See &ldquo;Item 6. Directors, Senior Management and Employees&mdash;B. Compensation&mdash;New Long-Term Incentive
Plan.&rdquo;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Due to the issuance of stock options to members
of our management team, a significant portion of their compensation is closely tied to our results of operations and, more specifically
to the trading price of our Class A common shares, which may lead such individuals to direct our business and conduct our activities with
an emphasis on short-term profit generation. In view of the market disruption cause by the COVID-19 pandemic, the trading price of our
Class A common shares has significantly decreased, which if sustained for a longer period of time may also adversely affect our ability
to retain members of our management. As a result of these factors, the interests of our management team may not coincide with the interests
of our other shareholders that have longer-term investment objectives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Once the options have been exercised by the
participants, our board of directors will determine whether our capital stock should be increased through the issuance of new shares to
be subscribed by participants, or if they will be settled through shares held in treasury. In the event settlement occurs through the
issuance of new shares, our shareholders will suffer dilution, of their interests in our share capital and in the value of their investments,
up to a maximum of 4% of our common shares at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In case of new stock option grants, whether
under existing plans or new plans that may be approved by our shareholders at the shareholders&rsquo; meeting, our shareholders will be
subject to additional dilution. For additional information on our stock option plan, see &ldquo;Item 6. Directors, Senior Management and
Employees&mdash;B. Compensation of Directors and Officers&rdquo; for additional information.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">An increase in delays and/or defaults in the
payment of tuition fees may adversely affect our income and cash flows.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We depend on the full and timely payment of
the tuition we charge our students, including tuition payments we receive through FIES, which is largely outside of our control, such
as in the context of an economic crisis due to the COVID-19 pandemic. An increase in payment delinquency or default by our students may
have a material adverse effect on our cash flows and our business, including our ability to meet our obligations. Our allowance for doubtful
accounts expenses as a percentage of our net revenues was 2.7%, 2.0% and 2.3% for the years ended December 31, 2020, 2019 and 2018, respectively.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Difficulties in identifying, opening and efficiently
managing new campuses or in obtaining regulatory authorizations and accreditations on a timely basis as part of our organic growth strategy
may adversely affect our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our organic strategy includes expanding by
opening new campuses and integrating them into our educational network. This growth plan creates significant challenges in terms of maintaining
our teaching quality and culture, as a result of the complexity and difficulty of effectively managing a greater number of campuses and
programs. If we are unable to maintain our current quality standards, we may lose market share and be adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Establishing new campuses poses important challenges
and requires us to make significant investments in infrastructure, marketing, personnel and other pre-operational expenses, mainly identifying
new sites for lease or purchase. We prioritize identifying strategic sites, negotiating the purchase or lease of properties, building
or refurbishing facilities (including libraries, laboratories and classrooms), obtaining local permits, hiring and training faculty and
staff, and investing in administration and support.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are also required to register our new campuses
with MEC, before opening and operating them, as well as having our new programs accredited by MEC in order to issue official degrees and
certificates to our students. If we do not succeed in identifying and establishing our campuses in a cost-effective manner or in obtaining
such authorizations or accreditations on a timely basis, or if MEC imposes restrictions or conditions on our accreditation requests for
new campuses, our business may be adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We may not be able to successfully expand our
presence and performance in the distance learning business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We may face difficulties in successfully operating
our distance learning program and in implementing and investing in the technologies necessary to operate a successful distance learning
program, where the technological needs, the expectations of our customers and market standards change rapidly. We have to quickly modify
our products and services to adapt to new distance learning technologies, practices and standards. We may be adversely affected if current
or future competitors introduce products or service platforms that are superior to those we offer, or if our resources are not adequate to develop and adapt our technological
capabilities rapidly enough to maintain our competitive position.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, the success of our distance learning
programs depends on the general population having easy and affordable access to the internet, as well as on other technological factors
that are outside of our control. If the internet becomes inaccessible or access costs increase to levels higher than current prices, or
if the number of students interested in distance learning educational methods does not increase, we may be unable to successfully implement
our distance learning program strategy, which would have an adverse effect on our growth strategy.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We face significant competition in each program
we offer and each geographic region in which we operate. If we fail to compete efficiently, we may lose market share and our profitability
may be adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We compete with various public and private
post-secondary education institutions, including distance learning institutions. Our competitors may offer programs or courses similar
to or better than those offered by us, have access to more funds, be more prestigious or well-regarded within the academic community,
have more conveniently located campuses with better infrastructure, or charge lower tuition. In addition, on April 5, 2018, MEC issued
Ordinance No. 328/18, pursuant to which, among other measures, MEC imposed a five-year suspension on the granting of authorizations for
the creation of new medical education courses. Accordingly, institutions cannot create and implement new undergraduate medical education
courses until April 2023. In the event MEC lifts these restrictions prior to April 2023, this may result in the creation of new medical
education courses, which will in turn increase competition and may create greater pricing or operating pressure on us. Accordingly, and
to compete effectively, we may be required to reduce our tuition or increase our operating expenses (including our costs per student)
in order to retain or attract students or to pursue new market opportunities. Furthermore, we were awarded, seven new undergraduate campuses
as part of the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; program, all of which are located in remote regions of Brazil and which operations
are subject to the verification by the MEC of the satisfactory implementation by Afya Brazil of all regulatory requirements. We cannot
assure you that there will be sufficient student demand to fill all medical school seats available on such campuses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a result of the foregoing, our revenues
and profitability may decrease. We cannot assure you that we will be able to compete successfully against our current or future competitors.
If we are unable to maintain our competitive position or otherwise respond to competitive pressures effectively, we may lose our market
share, our profits may decrease and we may be adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We may not be able to update, improve or offer
the content of our existing programs to our students on a cost-effective basis, which may materially adversely affect our ability to attract
and retain students.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">To differentiate ourselves and remain competitive,
we must continually update our courses and develop new educational programs, including through the adoption of new technological tools.
Updates to our current courses and the development of new educational programs may not be readily accepted by our students or by the market.
Also, we may not be able to introduce new educational programs at the same pace as our competitors or at the pace required by the labor
market. If we do not adequately modify our educational programs in response to market demand, whether due to financial restrictions, unusual
technological changes or otherwise, our ability to attract and retain students may be impaired and we may be materially adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">If we continue to grow, we may not be able to
appropriately manage the expansion of our business and staff, the increased complexity of our software and platforms, or grow in our addressable
market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are currently experiencing a period of significant
expansion and are facing a number of expansion-related issues, such as the acquisition and retention of experienced and talented personnel,
cash flow management, corporate culture and efficacy of internal controls, among others. These issues and the significant amount of time
spent on addressing them may result in the diversion of our management&rsquo;s attention from other business issues and opportunities.
In addition, we believe that our corporate culture and values are critical to our success, and we have invested a significant amount of
time and resources building them. If we fail to preserve our corporate culture and values, our ability to recruit, retain and develop
personnel and to effectively implement our strategic plans may be harmed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We must constantly update our software, enhance
and improve our billing, transaction and other business systems, and add and train new software designers and engineers, as well as other
personnel. This process is time intensive and expensive, and may lead to higher costs in the future. Furthermore, we may need to enter
into relationships with various strategic partners other online service providers and other third parties necessary to our business.
The increased complexity of managing multiple commercial relationships could lead to execution problems that can affect current and future
revenues, and operating margins.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We cannot assure you that our current and planned
platform and systems, procedures and controls, personnel and third-party relationships will be adequate to support our future operations.
In addition, our current expansion has placed significant strain on management and on our operational and financial resources, and this
strain is expected to continue. Our failure to manage growth effectively could seriously harm our business, results of operations and
financial condition.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">The ability to attract, recruit, retain and develop
key personnel and qualified employees is critical to our success and growth. If we lose key personnel, our business, financial condition
and results of operations may be adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In order for us to successfully compete and
grow, we must attract, recruit, retain and develop the necessary personnel who can provide the needed expertise across the entire spectrum
of our intellectual capital needs. While we have a number of our key personnel who have substantial experience with our operations, we
must also develop our personnel to provide succession plans capable of maintaining continuity in the midst of the inevitable unpredictability
of human capital. However, the market for qualified personnel is competitive, and we may not succeed in recruiting additional personnel
or may fail to effectively replace key current personnel who depart with qualified or effective successors. We must continue to hire additional
personnel to execute our strategic plans. Our effort to retain and develop personnel may also result in significant additional expenses,
which could adversely affect our profitability. We cannot assure you that qualified employees will continue to be employed, that we will
manage them successfully, or that, in the future, we will be able to attract qualified personnel with similar skills and expertise at
equivalent cost and retain them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are also dependent upon the ability and
experience of a number of our key personnel who have substantial experience with our operations. Many of our key personnel have worked
for us for a significant amount of time or were recruited by us specifically due to their industry experience. It is possible that the
failure to retain or attract the services of one or a combination of our senior executives, board members (including those with M&amp;A
experience related to our industry), or key managers, could have a material adverse effect on our business, financial condition and results
of operations.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Any increase in the attrition rates of students
in our education programs may adversely affect our results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We believe that our attrition rates are primarily
related to the personal motivation and financial situation of our current and potential students, as well as to socioeconomic conditions
in Brazil. Our student attrition rate, meaning the number of students that leave the program of study before it has finished, was 4.0%
and 4.2% for the years ended December 31, 2020 and 2019. Significant changes in future attrition rates and/or failure to re-enroll may
affect our enrollment numbers, such as in the context of an economic crisis due to the COVID-19 pandemic, and may have a material adverse
effect on our revenues and our results of operations.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Public health outbreaks, epidemics or pandemics,
such as the COVID-19 pandemic, have adversely affected and may continue to adversely affect our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Public health outbreaks, epidemics or pandemics,
such as the COVID-19 pandemic, could materially adversely impact our business. In December 2019, a novel strain of coronavirus (COVID-19)
was reported to have emerged in Wuhan, China. COVID-19 has since spread to most of the countries around the globe, including every state
in Brazil. On March&nbsp;11, 2020, the World Health Organization declared the COVID-19 outbreak a pandemic, and on March 20, 2020, the
Brazilian federal government declared a national emergency with respect to COVID-19, which remained in place until December 31, 2020.</P>




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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The global COVID-19 outbreak is an unprecedented
and rapidly evolving situation. The effect on our operations is still highly uncertain and cannot be predicted with confidence. The spread
of COVID-19, or actions taken to mitigate its spread, has and may continue to have material and adverse effects on our ability to operate
effectively. We may be required to completely or partially close facilities, and we may suffer labor shortages, particularly of our teaching
faculty, which is mostly composed of doctors who continue to work shifts at hospitals and are consequently more exposed to COVID-19 than
non-medical administrative staff. Likewise, we may suffer financial and reputational harm were an outbreak to occur among our students,
as our students participating in in-person hospital and healthcare residency programs are more exposed to COVID-19 than our students
who are currently partaking in educational activities solely via our online platform. We may not be able to provide online classes to
our students and keep them engaged with online classes during the COVID-19 pandemic or resume on-campus practical classes for the majority
of our medical students during the COVID-19 pandemic. Factors that have affected and will continue influencing the effect on our operations,
most of which are outside of our control, include the economic consequences and duration of the outbreak, new information that emerges
concerning the severity of COVID-19 and actions taken to contain the outbreak or treat its impact, among others. The extent of the adverse
effect on our operations, including, among others, the regular functioning of our facilities, will depend on the extent and severity
of the continued spread of COVID-19 in Brazil. Since March 17, 2020, there have been interruptions of our on-campus activities due to
Brazilian government authorities&rsquo; mandatory lockdowns, which remained in place until December 31, 2020 to varying degrees depending
on the region of Brazil, with a significant portion of our nonpractical educational activities being temporarily offered through our
online platform (rather than on-site), and the calendar of our practical educational activities being rescheduled to when authorities
will allow on-campus activities to resume.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In response to the impact of the COVID-19 pandemic,
we assessed whether we had satisfied all of our contracts containing customer performance obligations in accordance with IFRS 15, and
concluded it was necessary to defer a portion of our net revenue for the second half of 2020. We were able to manage, replace and reschedule
these activities so that all of our performance obligations were satisfied and we recognized these revenues from customers. Some of our
second half practical educational activities (particularly for students in the first to fourth years) will need to be replaced during
the first half of 2021. Therefore, a portion of our revenue recognition has been postponed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">By December 31, 2020, the States of Rio de
Janeiro, Par&aacute;, Tocantins, Piau&iacute;, Rondonia, Maranh&atilde;o, Bahia and Para&iacute;ba had issued state decrees granting discounts
to all students in such states, and we consequently granted mandatory discounts to our students totaling R$6.5 million. As of the date
of this annual report, except in the case of Para&iacute;ba state, these mandatory discounts have been suspended as their constitutionality
has been challenged in the superior courts. The laws of the states of Bahia and Maranh&atilde;o on the reduction of tuition fees in private
educational institutions were ruled as unconstitutional by the Brazilian Federal Supreme Court in December 2020. Additionally, we are
also facing individual and collective legal proceedings all across the country. For further information, see &ldquo;Item 6. Directors,
Senior Management and Employees&mdash;A. Directors and Senior Management&mdash;Legal Proceedings.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The COVID-19 pandemic is still evolving, and
Brazilian authorities may maintain a lockdown of our on-campus activities for an undefined extended period of time or impose a more severe
lockdown, among other measures, all of which are outside of our control and may materially adversely affect our business, financial condition,
results of operations and cash flows for an extended period of time. We may also suffer labor shortages, particularly of our teaching
faculty, which is mostly composed of doctors that continue to have work shifts at hospitals and are consequently more exposed to COVID-19
than non-medical administrative staff. The COVID-19 pandemic is expected to cause a material and adverse effect on the general economic,
financial, political, demographic and business conditions in Brazil, which may reduce the disposable income of our students and their
families, and consequently (i)&nbsp;result in an adverse impact on the ability of our students (current and/or prospective) to pay our
tuition fees and/or (ii)&nbsp;trigger an increase in our attrition rates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a result, it is still uncertain whether
or not the pandemic will lead to a risk of an increase in impairment of our financial assets and a reduction of our cash generation and
the recoverable amounts of our cash-generating units.</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, the impact of the COVID-19 pandemic
amplifies the risk that disruptions in public and private infrastructure, including communications and financial services, could materially
and adversely disrupt our normal business operations. We have transitioned a significant subset of our employees to a remote work environment
in an effort to mitigate the spread of COVID-19, which may exacerbate certain risks to our business, including an increased demand for
information technology resources, increased risk of phishing and other cybersecurity attacks, and increased risk of unauthorized dissemination
of personal information, sensitive personal information or proprietary or confidential information about us or our customers or other
third parties. Further, we process personal data, and we therefore will be subject to the Brazilian Data Protection Law (<I>Lei Geral
de Prote&ccedil;&atilde;o de Dados</I>, or LGPD). Considering that our processing of personal data has increased as a result of the measures
we adopted due to the COVID-19 pandemic, if we fail to comply with any provisions provided for in the LGPD, we could be subject to lawsuits
filed by the data subjects, public authorities and private associations, including those for compensation for damages arising from the
violation of the data subjects&rsquo; rights, and we could be subject to the penalties provided for not only in the LGPD, but also in
sectorial legislation, such as the Brazilian Consumer Defense and Protection Code (<I>C&oacute;digo de Defesa do Consumidor</I>) and
the Brazilian Civil Framework of the Internet (<I>Marco Civil da Internet</I>). If we do not comply with the LGPD and are in turn subject
to sanctions, we may suffer financial and reputational losses, which may adversely affect our financial results. See &ldquo;Item 3. Key
Information&mdash;D. Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;Failure to prevent or detect a malicious
cyber-attack on our systems and databases could result in a misappropriation of confidential information or access to highly sensitive
information,&rdquo; &ldquo;Item 3. Key Information&mdash;D. Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;Our
success depends on our ability to monitor and adapt to technological changes in the education sector and maintain a technological infrastructure
that works adequately and without interruption,&rdquo; and &ldquo;Item 3. Key Information&mdash;D. Risk Factors&mdash;Certain Risks Relating
to Our Business and Industry&mdash;Failure to comply with data privacy regulations could result in reputational damage to our brands
and adversely affect our business, financial condition and results of operations.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The rapid development and fluidity of this
situation precludes our ability to predict the ultimate adverse impact of COVID-19 on us. We are continuing to monitor the spread of the
COVID-19 and related risks. There are no comparable recent events that may provide guidance as to the effect of the spread of COVID-19
pandemic, and, as a result, the ultimate impact of the COVID-19 pandemic is highly uncertain and subject to change.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We could be adversely affected if we are unable
to renegotiate collective bargaining agreements with the labor unions representing our professors and administrative employees or by strikes
and other union activity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our payroll costs and expenses account for
the majority of the costs of services and general and administrative expenses, or 53.3%, 59.2% and 65.8% of such costs and expenses for
the years ended December 31, 2020, 2019 and 2018, respectively. Our faculty and administrative employees are represented by labor unions
in the higher education sector and are covered by collective bargaining agreements or similar arrangements determining the number of working
hours, minimum compensation, vacations and fringe benefits, among other terms. These agreements are subject to annual renegotiation and
may be so modified. We could also be adversely affected if we fail to achieve and maintain cooperative relationships with our professors&rsquo;
or administrative employees&rsquo; unions or face strikes, stoppages or other labor disruptions by our professors or employees. In addition,
we may not be able to pass on any increase in costs arising from the renegotiation of collective bargaining agreements to the monthly
tuition fees paid by students, which may have a material adverse effect on our business.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We may be held liable for extraordinary events
that may occur at our campuses, which may have an adverse effect on our image and, consequently, our results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We may be held liable for the actions of officers,
directors, professors or other employees at our campuses, including allegations of non-compliance by officers, directors, professors or
other employees with specific legislation and regulations implemented by MEC relating to our programs. In the event of accidents, injuries
or other damages affecting students, professors, other employees or third parties at our campuses, we may face claims alleging that we
were negligent, provided inadequate supervision or were otherwise liable for the injury. We may also be subject to claims alleging that
officers, directors, professors or other employees committed moral or sexual harassment or other unlawful acts. Our insurance coverage
may not cover certain indemnifications we may be required to pay, be insufficient to cover these types of claims, or may not cover certain
acts or events. We may also not be able to renew our current insurance policies under the same terms. Such liability claims may affect
our reputation and harm our financial results. See &ldquo;Item 4. Information on the Company&mdash;Business Overview&mdash;Insurance.&rdquo;
In addition, we may also be subject to legal proceedings by current and/or former students alleging breaches of rights granted by the
Brazilian Consumer Protection Code <I>(C&oacute;digo de Defesa do Consumidor),</I> and to legal proceedings by current and/or former employees
alleging breaches of applicable labor laws. Even if unsuccessful, these claims may cause negative publicity, reduce enrollment numbers,
increase student attrition rates, entail substantial expenses and divert the time and attention of our management, materially adversely
affecting our results of operations and financial condition.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We may face restrictions and penalties under
the Brazilian Consumer Protection Code in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Brazil has a series of strict consumer protection
laws, referred to collectively as the Consumer Protection Code <I>(C&oacute;digo de Defesa do Consumidor).</I> These laws apply to all
companies in Brazil that supply products or services to Brazilian consumers. They include protection against misleading and deceptive
advertising, protection against coercive or unfair business practices and protection in the formation and interpretation of contracts,
usually in the form of civil liabilities and administrative penalties for violations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">These penalties are often levied by the Brazilian
Consumer Protection Agencies <I>(Funda&ccedil;&atilde;o de Prote&ccedil;&atilde;o e Defesa do Consumidor,</I> or PROCONs), which oversee
consumer issues on a district-by-district basis. Companies that operate across Brazil may face penalties from multiple PROCONs, as well
as from the National Secretariat for Consumers <I>(Secretaria Nacional do Consumidor</I>, or SENACON). Companies may settle claims made
by consumers via PROCONs by paying compensation for violations directly to consumers and through a mechanism that allows them to adjust
their conduct, called a conduct adjustment agreement <I>(Termo de Ajustamento de Conduta,</I> or TAC).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Brazilian public prosecutors may also commence
investigations of alleged violations of consumer rights and require companies to enter into TACs. Companies that violate TACs face potential
enforcement proceedings and other potential penalties such as fines, as set forth in the relevant TAC. Brazilian public prosecutors may
also file public civil actions against companies who violate consumer rights or competition rules, seeking strict adherence to the consumer
protection laws and compensation for any damages to consumers. In certain cases, we may also face investigations and/or sanctions by the
CADE, in the event our business practices are found to affect the competitiveness of the markets in which we operate or the consumers
in such markets.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Any change or review of the tax treatment of
our activities, or the loss or reduction in tax benefits on the sale of books (including digital content) may materially adversely affect
us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We benefit from Brazilian Federal Law No. 10,865/2004,
as amended by Brazilian Federal Law No. 11,033/2004, which establishes a zero rate for PIS and COFINS on the sale of books. The sale of
books is also exempt by the Brazilian constitution from Brazilian municipal taxes, Brazilian services tax <I>(Imposto Sobre Servi&ccedil;os,</I>
or ISS) and from the Brazilian tax on the circulation of goods, interstate and intercity transportation and communication services <I>(Imposto
sobre Opera&ccedil;&otilde;es relativas &agrave; Circula&ccedil;&atilde;o de Mercadorias e sobre Presta&ccedil;&otilde;es de Servi&ccedil;os
de Transporte Interestadual e Intermunicipal e de Comunica&ccedil;&atilde;o,</I> or ICMS). If the Brazilian government or any Brazilian
municipality or tax authority or the Brazilian courts decide to change or review the tax treatment of our activities, or cancel or reduce
the tax benefit applied on the sale of books (including digital books and e-readers) and/or challenge it, and we are unable to pass any
cost increase onto our students, our results may be materially adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">If we are unable to maintain consistent educational
quality throughout our network, including the education materials of our post-secondary education institutions, or keep or adequately
train our faculty members, we may be adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our teaching faculty, including teachers and
professors at our post-secondary education institutions, is essential for maintaining the quality of our programs and the strength of
our brand and reputation. We promote training in order for our faculty to attain and maintain the qualifications we require and for us
to provide updating programs on trends and changes in their areas. Due to shortages in the supply of qualified professors, competition
for hiring and retaining qualified professionals has increased substantially. We cannot assure you that we will succeed in retaining our
current professors or recruiting or training new professors who meet our quality standards, particularly as we continue to expand our
operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The quality of our academic curricula and the
infrastructure of our campuses are also key elements of the quality of the education we provide. We cannot assure you that we will succeed
in identifying facilities with adequate infrastructure for our new campuses, develop adequate infrastructure in properties we acquire
or have enough resources to continue expanding through acquisitions or development of new projects. In addition, we cannot assure you
that we will be able to develop academic curricula for our new programs with the same levels of excellence as existing programs and meeting
the standards set forth by MEC. Shortages of qualified professors, adequate infrastructure or quality academic curricula for new programs
according to our business model and the parameters set forth by MEC, may have a material adverse effect on our business.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Our business depends on the continued success
of the brands of each of our institutions, as well as the <FONT STYLE="font-style: normal">&ldquo;</FONT>Afya<FONT STYLE="font-style: normal">&rdquo;</FONT>
brand, and if we fail to maintain and enhance recognition of our brands, we may face difficulty enrolling new students, and our reputation
and operating results may be harmed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We believe that market awareness of our brands
has contributed significantly to the success of our business. Maintaining and enhancing our brands is critical to our efforts to grow
student enrollments. Failure to maintain and enhance our brand recognition could have a material and adverse effect on our business, operating
results and financial condition. We have devoted significant resources to our brand promotion efforts in recent years, but we cannot assure
you that these efforts will be successful. If we are unable to further enhance our brand recognition, or if we incur excessive marketing
and promotion expenses, or if our brand image is negatively impacted by any negative publicity, our business and results of operations
may be materially and adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">If we are not able to maintain our current MEC
evaluation ratings and the evaluation ratings of our students, we may be adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We and our students are regularly evaluated
and rated by MEC. If our campuses, programs or students receive lower scores from MEC than in previous years in any of its evaluations,
including the IGC <I>(&Iacute;ndice Geral de Cursos),</I> and the Student Performance National Exam <I>(Exame Nacional de Desempenho de
Estudantes,</I> or ENADE), we may experience a reduction in enrollments and be adversely affected by perceptions of decreased educational
quality, which may negatively affect our reputation and, consequently, our results of operations and financial condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Finally, in the event that any of our programs
receive unsatisfactory evaluations, the post-secondary education institution offering the programs may be required to enter into an agreement
with MEC setting forth proposed measures and timetables to improve the program and remedy the unsatisfactory evaluation. Non-compliance
with the terms of the agreement may result in additional penalties on the institution. These penalties could include, but are not limited
to, suspending our ability to enroll students in our programs, denial of accreditation or re-accreditation of our institutions or prohibiting
us from holding regular class sessions, all of which can adversely affect our results of operations and financial condition.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We are subject to supervision by MEC and, consequently,
may suffer sanctions as a result of non-compliance with any regulatory requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Brazilian Federal Law No. 10,861/2004, regulated
by Decree No. 9,235/2017, implemented the activities of supervision of post-secondary education entities and courses in the Brazilian
federal education system. The Secretariat for Regulation and Supervision of Post-secondary Education, or SERES, of MEC is responsible
for the regular and special supervision of the corresponding courses and programs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Regular supervision derives from complaints
and allegations by students, parents and faculty members, as well as by public entities and the press. These complaints and allegations
involve specific cases of entities with courses showing evidence of irregularities or deficiencies. We are subject to those complaints
and representations. Special supervision, on the other hand, may be commenced by MEC itself, based on its post-secondary education regularity
and quality standards, and involves more than one course or entity, grouped according to the criteria chosen for the special supervision.
These criteria may include unsatisfactory results in the ENADE and the Difference Indicator between Expected and Actual Performance <I>(Indicador
de Diferen&ccedil;a entre os Desempenhos Observado e Esperado),</I> among other quality indicators, the history of course evaluations
by INEP, as well as compliance with specific legal requirements as, for example, the minimum ratio between faculty members with master&rsquo;s
or doctorate degrees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Administrative irregularities can include,
among others: (i)&nbsp;unlicensed or irregular post-secondary courses; (ii)&nbsp;any outsourcing of post-secondary education activities;
(iii)&nbsp;the failure to file a re-accreditation or recognition or renewal request with respect to post-secondary education courses within
the time periods enacted by MEC pursuant to Decree No. 9,235/2017; and (iv)&nbsp;failure to comply with any penalties imposed by the MEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">If MEC concludes, as part of its supervisory
activities, that an irregularity constitutes an imminent risk or threat to students or the public interest, it may impose the following
measures on the relevant educational institution for a period to be determined by SERES: (i)&nbsp;suspend the admission of new students;
(ii)&nbsp;suspend the offering of undergraduate or postgraduate <I>lato sensu </I>courses; (iii)&nbsp;suspend the institution&rsquo;s
discretionary ability to, among other things, create new post-secondary courses and establish course curricula, if applicable; (iv)&nbsp;suspend
the license to establish new distance learning programs; (v)&nbsp;override any ongoing regulatory requests filed by the institution and
prohibit new regulatory requests; (vi)&nbsp;suspend participation in the New FIES; (vii)&nbsp;suspend participation in PROUNI; and (viii)&nbsp;suspend
or restrict participation in other federal education programs. The educational institution can contest the MEC&rsquo;s findings by filing
motions with MEC or with Brazilian courts.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Upon completion of the supervisory process
and to the extent MEC concludes that there are administrative irregularities, SERES may apply the penalties provided for by Law No. 9,394/1996,
namely (i)&nbsp;discontinue courses; (ii)&nbsp;directly intervene in the educational institution; (iii)&nbsp;temporarily suspend the institution&rsquo;s
discretionary ability to, among other things, create new post-secondary courses and establish course curricula, if applicable; (iv)&nbsp;disqualify
the institution as an educational institution; (v)&nbsp;reduce the number of student vacancies; (vi)&nbsp;temporarily suspend new student
enrollments; or (vii)&nbsp;temporarily suspend courses.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">The post-secondary education sector is highly
regulated, and our failure to comply with existing or future laws and regulations could significantly impact our business</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are subject to various federal laws and
extensive government regulations by MEC, <I>Conselho Nacional de Educa&ccedil;&atilde;o</I> (National Education Council, or CNE), INEP,
FIES and the National Post-secondary Education Assessment Commission <I>(Comiss&atilde;o Nacional de Avalia&ccedil;&atilde;o da Educa&ccedil;&atilde;o
Superior,</I> or CONAES), among others, including, but not limited to Law No. 12,871, of October 22, 2013, which created the &ldquo;<I>Mais
M&eacute;dicos</I>&rdquo; program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Brazilian education regulations define three
types of post-secondary education institutions: (i)&nbsp;colleges, (ii)&nbsp;university centers and (iii)&nbsp;universities. The three
categories depend on previous accreditation by MEC to operate. Colleges differ from the other categories with respect to the programs
offered, as colleges depend on previous authorization from MEC to implement new programs, while university centers and universities are
not subject to such requirements, except for courses in law, medicine, psychology, nursing and dentistry, which require the prior approval
of MEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">All accredited educational institutions require
the prior approval of MEC to create campuses outside their headquarters. All post-secondary education programs must be recognized by MEC
as a requirement, together with registration of the program, to validate the diplomas issued by them. However, pursuant to article 101
of Ordinance No. 23/2017 of MEC, issued diplomas may be valid even if the program is not formally recognized by MEC, so long as the educational
institution has filed the request with MEC to certify the program, and the request is pending formal review and approval by MEC. As a
result, any failure to comply with legal and regulatory requirements by post-secondary education entities may result in the imposition
of sanctions by MEC, as well as damage to the program&rsquo;s reputation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">MEC must authorize our campuses located outside
our headquarters before they can start their operations and programs. For further information, see &ldquo;Item 4. Information on the Company&mdash;Business
Overview&mdash;Regulatory Overview.&rdquo; Distance learning programs, as well as on-campus learning, are also subject to strict accreditation
requirements for their implementation and operation. We must comply with all such requirements in order to obtain and renew all authorizations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We cannot assure you we will be able to comply
with these regulations and maintain the validity of our authorizations, enrollments and accreditations in the future. If we fail to comply
with these regulatory requirements, MEC could place limitations on our operations, including cancellation of programs, reduction in the
number of positions we offer to students, termination of our ability to issue degrees and certificates and revocation of our accreditation,
any of which could adversely affect our financial condition and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We cannot assure you that we will obtain accreditation
or re-accreditation of our post-secondary education institutions, or that our courses will receive authorization or reauthorization as
scheduled, or that they will have all of the accreditations, re-accreditations, authorizations and re-authorizations required by MEC.
The absence of such accreditations and authorizations from the MEC or any delays in obtaining them could adversely affect our financial
condition and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, we may also be adversely affected
by any changes in the laws and regulations applicable to post-secondary education institutions, particularly by changes related to: (i)&nbsp;any
revocation of accreditation of private educational institutions; (ii)&nbsp;the imposition of controls on monthly tuition payments or
restrictions on profitability of private educational institutions; (iii)&nbsp;faculty credentials; (iv)&nbsp;academic requirements for
courses and curricula; (v)&nbsp;infrastructure requirements of campuses, such as libraries, laboratories and administrative support;
(vi)&nbsp;the &ldquo;<I>Mais M&eacute;dicos&rdquo; </I>Program; (vii)&nbsp;the promulgation by the MEC of new rules and regulations affecting
post-secondary education, in particular with respect to distance learning programs; and (viii) local restrictions imposed to curb the
impact of the COVID-19 pandemic in the places we operate.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We may be materially adversely affected if
we are unable to obtain these authorizations, accreditations and course recognitions in a timely manner, if we cannot introduce new courses
as quickly as our competitors, if we are not able to or do not comply with any new rules or regulations promulgated by the MEC or if laws
and regulations are passed adverse to the business and operations of post-secondary education institutions.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Our success depends on our ability to operate
in strategically located property that is easily accessible by public transportation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We believe that urban mobility, inadequate
public transportation systems and high transportation costs in many Brazilian cities make the location and accessibility of campuses a
decisive factor for students choosing an educational institution. Therefore, a key component of the success of our business consists in
finding, renting and/or buying strategically located property that meets the needs of our students. We cannot guarantee that we will be
able to keep our current property or acquire new property that is strategically located in the future. In addition, acquisition costs,
costs associated with improvements, construction, and repairs of existing properties and rental values for the properties we use might
increase in the future and could have a material adverse effect on our business. Finally, due to demographic and socioeconomic changes
in the regions in which we operate, we cannot guarantee that the location of our campuses will continue to be attractive and convenient
to students.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Failure to protect or enforce our intellectual
property and other proprietary rights could adversely affect our business and financial condition and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We rely and expect to continue to rely on a
combination of trademark, copyright, patent and trade secret protection laws, as well as confidentiality and license agreements with our
employees, consultants and third parties with whom we have relationships to protect our intellectual property and proprietary rights.
As of the date of this annual report, we had no issued patents and one patent application pending in Brazil. As of December 31, 2020,
we were party to 92 agreements, with third-party authors with respect to educational content. As of December 31, 2020, we owned 56 trademark
registrations and 84 registered domain names in Brazil. We also had 16 pending trademark applications in Brazil as of the date of this
annual report and unregistered trademarks that we use to promote our brand. From time to time, we expect to file additional patent, copyright
and trademark applications in Brazil and abroad. Nevertheless, these applications may not be approved or otherwise provide the full protection
we seek. Any dismissal of our &ldquo;AFYA&rdquo; trademark application may impact our business. Third parties may challenge any patents,
copyrights, trademarks and other intellectual property and proprietary rights owned or held by us. Third parties may knowingly or unknowingly
infringe, misappropriate or otherwise violate our patents, copyrights, trademarks and other proprietary rights, and we may not be able
to prevent infringement, misappropriation or other violation without substantial expense to us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Furthermore, we cannot guarantee that:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>our intellectual property and proprietary rights will provide competitive advantages to us;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>our competitors or others will not design around our intellectual property or proprietary rights;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>our ability to assert or enforce our intellectual property or proprietary rights against potential competitors or to settle current
or future disputes will not be limited by our agreements with third parties;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>our intellectual property and proprietary rights will be enforced in jurisdictions where competition may be intense or where legal
protection may be weak;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>any of the patents, trademarks, copyrights, trade secrets or other intellectual property or proprietary rights that we presently employ
in our business will not lapse or be invalidated, circumvented, challenged or abandoned; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>we will not lose the ability to assert or enforce our intellectual property or proprietary rights against or to license our intellectual
property or proprietary rights to others and collect royalties or other payments.</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">If we pursue litigation to assert or enforce
our intellectual property or proprietary rights, an adverse decision in any of these legal actions could limit our ability to assert our
intellectual property or proprietary rights, limit the value of our intellectual property or proprietary rights or otherwise negatively
impact our business, financial condition and results of operations. If the protection of our intellectual property and proprietary rights
is inadequate to prevent use or misappropriation by third parties, the value of our brand and other intangible assets may be diminished,
competitors may be able to more effectively mimic our service and methods of operations, the perception of our business and service to
customers and potential customers may become confused in the marketplace and our ability to attract customers may be adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We may in the future be subject to intellectual
property claims, which are costly to defend and, if we do not succeed in defending such claims, could harm our business, financial condition
and operating results.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">From time to time, third parties may allege
in the future that we or our business infringes, misappropriates or otherwise violates their intellectual property or proprietary rights,
including with respect to our publications. Many companies, including various &ldquo;non-practicing entities&rdquo; or &ldquo;patent trolls,&rdquo;
are devoting significant resources to developing or acquiring patents that could potentially affect many aspects of our business. We have
not exhaustively searched patents related to our technology. In addition, the publishing industry has been, and we expect in the future
will continue to be, the target of counterfeiting and piracy. We may implement measures in an effort to protect against these potential
liabilities that could require us to spend substantial resources. Any costs incurred as a result of liability or asserted liability relating
to sales of unauthorized or counterfeit educational materials could harm our business, reputation and financial condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Third parties may initiate litigation against
us without warning. Others may send us letters or other communications that make allegations without initiating litigation. We have in
the past and may in the future receive such communications, which we assess on a case-by-case basis. We may elect not to respond to the
communication if we believe it is without merit or we may attempt to resolve disputes out of court by electing to pay royalties or other
fees for licenses. If we are forced to defend ourselves against intellectual property claims, whether they are with or without merit or
are determined in our favor, we may face costly litigation, diversion of technical and management personnel, inability to use our current
website or inability to market our service or merchandise our products. As a result of a dispute, we may have to develop non-infringing
technology, including partially or fully revising any publication that infringes intellectual property rights, enter into licensing agreements,
adjust our merchandising or marketing activities or take other action to resolve the claims. These actions, if required, may be unavailable
on terms acceptable to us or may be costly or unavailable. If we are unable to obtain sufficient rights or develop non-infringing intellectual
property or otherwise alter our business practices, as appropriate, on a timely basis, our reputation or brand, our business and our competitive
position may be affected adversely and we may be subject to an injunction or be required to pay or incur substantial damages and/or fees
and/or royalties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Most of our services are provided using proprietary
software and our software is mainly developed by our employees, who assign to us their copyrights over the software. In this regard, though
applicable law establishes that employers shall have full title over rights relating to software developed by their employees, we could
be subject to lawsuits by former employees claiming ownership of such software. As a result, we may be required to obtain licenses of
such software, incurring costs relating to payments of royalties and/or damages and we may be forced to cease the use of such software.
If we are unable to use certain of our proprietary software as a result of any of the foregoing or otherwise, this could have a material
adverse effect on our business, financial condition and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, we use open source software in
connection with certain of our products and services. Companies that incorporate open source software into their products have, from time
to time, faced claims challenging the ownership of open source software and/or compliance with open source license terms. As a result,
we could be subject to suits by parties claiming ownership of what we believe to be open source software or non-compliance with open source
licensing terms. Some open source software licenses require users who distribute or use open source software as part of their software
to publicly disclose all or part of the source code to such software and/or make available any derivative works of the open source code
on unfavorable terms or at no cost. Any requirement to disclose our proprietary source code or pay damages for breach of contract could
have a material adverse effect on our business, financial condition and results of operations.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Unfavorable decisions in our legal, arbitration
or administrative proceedings may adversely affect us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are, and we, our controlling shareholders,
directors or officers may be in the future, party to legal, arbitration and administrative investigations, inspections and proceedings
arising from the ordinary course of our business or from nonrecurring corporate, tax, criminal or regulatory events, involving our suppliers,
students, faculty members, as well as environmental, competition and tax authorities, especially with respect to civil, tax, criminal
and labor claims. We cannot guarantee that the results of these proceedings will be favorable to us or that we have made sufficient provisions
for liabilities that may arise as a result of these or other proceedings. Adverse decisions on material legal, arbitration or administrative
proceedings may damage our reputation and may adversely affect our results of operations and the price of our Class A common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, Mr. Nicolau Carvalho Esteves,
our chairman and one of our controlling shareholders, is currently party to a public civil proceeding filed by the federal prosecutor&rsquo;s
office against Mr. Carvalho Esteves and other individuals in connection with certain irregular administrative acts alleged to have taken
place during each of their respective terms as Health Secretary of the State of Tocantins <I>(Secret&aacute;rio de Sa&uacute;de do Estado
de Tocantins)</I> between 2012 and 2014, a position held by Mr. Carvalho Esteves for a period of four months, from March 9, 2012 to July
20, 2012. If Mr. Carvalho Esteves is found liable, he may be subject to penalties, including a three-year prohibition on him or any legal
entity under his control transacting with public entities or being granted tax incentives/benefits, including Afya. We cannot guarantee
that the results of these proceedings will be favorable to Mr. Carvalho Esteves and any adverse decision may (i)&nbsp;damage our reputation,
(ii)&nbsp;disqualify us from participating in the PROUNI program, and consequently cause us to lose our current tax incentives/benefits,
including with respect to (a)&nbsp;corporate income tax (IRPJ) and CSLL rates, which were at an aggregate effective tax rate of 8.1% and
7.6% for the years ended December 31, 2020 and 2019, respectively, and which would gradually increase to an aggregate effective tax rate
of up to 34.0%, and (b)&nbsp;PIS and COFINS rates, which are currently zero and which would gradually increase to an aggregate tax rate
of up to 3.65%, (iii)&nbsp;result in our suspension from the New FIES program which would prohibit our institutions from enrolling new
students that are funded by FIES (for the years ended December 31, 2020 and 2019, FIES represented 11.8% and 9.4% and of our historical
undergraduate programs combined tuition fees), and (iv)&nbsp;prevent us from entering into new agreements with public entities located
in Brazil, any of which may have an adverse effect on our business, reputation, results of operations and the price of our Class A common
shares. For further information, see &ldquo;Item 6. Directors, Senior Management and Employees&mdash;A. Directors and Senior Management&mdash;Legal
Proceedings.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We are currently in the process of obtaining
or renewing local licenses and permits, including licenses from the fire department, for some of the real estate we use. Failure to obtain
renewals of these licenses and permits in a timely manner may result in penalties, including closures of some of our campuses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The use of all of our buildings, including
our operational and administrative buildings, is subject to the successful issuance of an occupancy permit <I>(Habite-se),</I> or equivalent
certificate, issued by the municipality where the property is located, certifying that the building was constructed in compliance with
applicable zoning and municipal regulations. In addition, non-residential properties are required to have a use and operations license
and/or permit, issued by the competent municipality, and a fire department inspection certificate, issued by the fire department, prior
to being used regularly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are currently in the process of obtaining
and/or renewing these licenses for some of the real estate we use. The absence of such licenses may result in penalties ranging from fines
to forced demolition of the areas that were not built in compliance with applicable codes or, in the worst-case scenario, the temporary
or permanent closure of the campus or branch lacking the licenses and permits to the extent the relevant penalties and fines have not
been paid and the licenses and permits have not been obtained following notifications from the relevant authorities. Any penalties imposed,
and in particular the forced closure of any of our campuses or branches, may result in a material adverse effect on our business. Moreover,
in the event of any accident at our campuses or branches, the lack of such licenses may result in civil and criminal liability, as well
as cause the cancellation of insurance policies, if any, for the respective campus or branch and may damage our reputation.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We may not be able to maintain or renew our existing
leases.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We lease substantially all of the properties
on our campuses. According to Brazilian lease laws, a lessee has the right to renew existing leases for subsequent terms equal to the
original term of the lease. In order for a lessee to enforce this right, the following criteria must be met (i)&nbsp;the non-residential
lease agreement must have a fixed term equal to or greater than five consecutive years, or, in the event there is more than one agreement
or amendment thereto regarding the same real estate, the aggregate term in such agreement or amendment must be greater than five consecutive
years (ii)&nbsp;the lessee must have been using the property for the same purpose for a minimum and continuous period of three years
and (iii)&nbsp;the lessee must claim the right of automatic renewal at the most one year and at least six months prior to the end of
the term of the lease agreement.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Lease agreements with terms lasting less than
five years are not entitled to a right of compulsory renewal and, as a result, the lessor has the right to refuse renewal of the lease
upon expiration of its term. The lease agreements relating to our campuses generally have terms lasting from five to 20 years and are
renewable in accordance with applicable Brazilian lease laws. If we are forced to close any of our campuses due to the termination of
a lease agreement and our inability to renew the lease, our business and results of operations may be adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, most of our lease agreements are
not registered with the relevant real estate registries. We therefore do not have a right of first refusal over the applicable property
in the event of a sale by its landlord and the subsequent purchaser may require that we vacate the property.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Acquisitions of educational institutions, in
certain circumstances, must be approved by the Administrative Council for Economic Defense.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Brazilian legislation provides that acquisitions
of educational institutions meeting certain requirements must be approved by Brazil&rsquo;s Administrative Council for Economic Defense
<I>(Conselho Administrativo de Defesa Econ&ocirc;mica,</I> or CADE) prior to the completion of the acquisition if one of the companies
or group of companies involved has gross annual revenues in Brazil of at least R$750.0 million in the year immediately prior to the acquisition
and any other party or group of companies involved has gross income of at least R$75.0 million in that same period. As part of this process,
CADE must determine whether the specific operation affects the competitiveness of the market in question or the consumers in such markets.
CADE may not approve our future acquisitions or may condition approval of our acquisitions on our disposal of some of the operations of
the target of the acquisition, or impose restrictions on the operations and commercialization of the target. Failure to obtain approval
for future acquisitions or any conditional approvals of future acquisitions may result in expenses that may adversely affect our results
of operations and financial condition. As a result of our growth strategy through acquisitions of new entities, we may need additional
funds to implement our strategy. Therefore, if we cannot obtain adequate financing to conclude any potential acquisition and implement
our expansion plans, our growth strategy will be affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Some of the properties that we occupy are owned
by companies controlled by one of our controlling shareholders. Therefore, we are exposed to conflicts of interest, since the administration
of such properties may conflict with our interests, those of such controlling shareholder and those of our other shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Some of the properties we occupy, including
properties where some of our campuses are located, are owned and operated by companies controlled by one of our controlling shareholders.
Therefore, the interests of our controlling shareholder in the administration of such property may conflict with our interests and those
of our other shareholders. For further information, see &ldquo;Item 7. Major Shareholders and Related Party Transactions&mdash;Related
Party Transactions&rdquo; and note 8 to our audited consolidated financial statements.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Our holding company structure makes us dependent
on the operations of our subsidiaries. We depend on dividend distributions by our subsidiaries, and we may be adversely affected if the
performance of our subsidiaries is not positive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are a Cayman Islands exempted company with
limited liability. Our material assets are our direct and indirect equity interests in our subsidiaries. We control a number of subsidiary
companies that carry out the business activities of our corporate group. Our ability to comply with our financial obligations and to pay
dividends to our shareholders depends on our ability to receive distributions from the companies we control, which in turn depends on
the cash flow and profits of those companies. There is no guarantee that the cash flow and profits of our controlled companies will be
sufficient for us to comply with our financial obligations and pay dividends or interest on shareholders&rsquo; equity to our shareholders.
Furthermore, exchange rate fluctuation will affect the U.S. dollar value of any distributions our subsidiaries make with respect to our
equity interests in those subsidiaries.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, the Brazilian federal government
recently stated that the income tax exemption on the distribution of dividends may be repealed and income tax assessed on the distribution
of dividends in the future, and that applicable taxes on the payment of interest on shareholders&rsquo; equity may be increased in the
future. Any repeal of the income tax exemption on the distribution of dividends and any increase in applicable taxes on the payment of
interest on shareholders&rsquo; equity may adversely affect us.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We and our subsidiaries may be held directly
or indirectly responsible for labor claims pursuant to contracted services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">To meet the needs of our students and offer
greater comfort and quality in all areas and aspects of our activities, we depend on service providers and suppliers for services such
as cleaning, surveillance, telemarketing and security. We may be adversely affected if these third-party service providers and suppliers
do not meet their obligations under Brazilian labor laws. In particular, according to Brazilian law we may be liable to the employees
of these service providers and suppliers for labor obligations of these service providers and suppliers to the extent such service providers
and suppliers fail to indemnify such employees pursuant to court orders, and we may also be fined by the relevant authorities. If we are
held liable for such claims, we may be adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We may not be able to pass on increases in our
costs by adjusting our monthly tuition fees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our primary source of income is the monthly
tuition payments we charge to our students. Our payroll costs and expenses account for the majority of the costs of services and general
and administrative expenses, or 53.3%, 59.2% and 65.8% of such costs and expenses for the years ended December 31, 2020, 2019 and 2018,
respectively. Our utilities expenses (comprised mainly of water, electricity and telephone expenses) represented 0.7%, 1.2% and 1.1%,
respectively, of our costs of services and general and administrative expenses. Personnel costs and expenses, lease values and the cost
of electricity are adjusted regularly using indices that reflect changes in inflation levels. If we are not able to transfer any increases
in our costs and expenses to students by increasing the amounts of their monthly tuition fees, such as in the context of an economic crisis
due to the COVID-19 pandemic, our operating results may be adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">If we are not able to attract and retain students,
or are unable to do so without decreasing our tuition fees, our revenues may decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The success of our business depends primarily
on the number of students enrolled in our programs and the tuition fees that they pay. Our ability to attract and retain students depends
mainly on the tuition fees we charge, the convenient locations of our facilities, the infrastructure of our campuses and the quality of
our programs as perceived by our existing and potential students. These factors are affected by, among other things, our ability to (i)&nbsp;respond
to increasing competitive pressures, (ii)&nbsp;develop our educational systems to address changing market trends and demands from post-secondary
education institutions and students, (iii)&nbsp;develop new programs and enhance existing programs to respond to changes in market trends
and student demands, (iv)&nbsp;adequately prepare our students for careers in their chosen professional occupations, (v)&nbsp;successfully
implement our expansion strategy, (vi)&nbsp;manage our growth while maintaining our teaching quality and (vii)&nbsp;effectively market
and sell our programs to a broader base of prospective students. If we are unable to continue to attract new students to enroll in our
programs and to retain our current students without significantly decreasing tuition, for example as a result of changes in our students
preferences due to an economic crisis arising from the COVID-19 pandemic, our revenues and our business may decline and we may be adversely
affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Our Business Unit 2 is subject to seasonal fluctuations,
which may cause our operating results to fluctuate from quarter-to-quarter and adversely impact our working capital and liquidity throughout
the year, adversely affecting our business, financial condition and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our revenues and operating results normally
fluctuate as a result of seasonal variations in our business. In particular, the revenue we derive from Business Unit 2 (which comprises
fees we charge for our residency preparatory courses and medical post-graduate specialization programs, delivery of printed and digital
content, access to our online medical education platform and practical medical training), is concentrated in the first and last quarter
of each year, when new content (books and e-books) is delivered and revenues are recognized, as a result of enrollments at the beginning
of each year. The majority of the revenue of Business Unit 2 is derived from printed books and e-books, and revenue is recognized at
the point in time when control is transferred to the customer. Consequently, in aggregate, the seasonality of our revenues will generally
produce higher revenues in the first and fourth quarters of our fiscal year. In addition, the deterioration of Brazilian macroeconomic
conditions as a result of the COVID-19 pandemic resulted in the reduction of the disposable income of current and prospective customers
of our Business Unit 2, leading to the postponement of their residency and post-graduate specialization plans, consequently reducing
the demand for our residency preparatory courses and medical post-graduate specialization programs. Uncertainties in relation to the
COVID-19 pandemic have also affected the decision to purchase products that are not of primary need for the doctor, especially for post-graduate
specialization programs. Regarding the preparatory courses, it is worth adding that there was a drop in demand in the courses with short
duration due to the uncertainty on whether there would be exams or any related delays.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Accordingly, we expect quarterly fluctuations
in our revenues and operating results to continue. These fluctuations could result in volatility and adversely affect our liquidity and
cash flows. As our business grows, these seasonal fluctuations may become more pronounced. As a result, we believe that sequential quarterly
comparisons of our financial results may not provide an accurate assessment of our financial position.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We are subject to environmental laws and regulations,
which may become more stringent in the future and increase our obligations and capital expenditures with respect to their compliance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are subject to several environmental municipal,
state and federal laws. Compliance with these laws and regulations is monitored by governmental agencies and bodies that may impose administrative,
civil and criminal sanctions on us. Violations of these laws and regulations may result in the imposition of criminal and administrative
sanctions, as well as civil liability, seeking redress for alleged environmental damages and damages to third parties. Causing environmental
damage may lead to administrative sanctions, which may include, among other consequences, penalties such as fines (ranging from R$50 to
R$50 million), revocation of our licenses and authorizations, and the temporary or permanent suspension of our activities. There is no
limit to the amount that the courts may award to cover the costs of remediation in the case of civil liability or, if the environmental
damage cannot be repaired, the payment of an indemnity. In addition, a claim seeking compensation for environmental damages is not subject
to a statute of limitations. The enactment of more stringent laws and regulations or more stringent interpretations of existing laws and
regulations may force us to increase our capital expenditures relating to environmental compliance, therefore diverting funds from previously
planned investments. These changes could have a material adverse effect on us. Governmental agencies or other authorities may also significantly
delay or deny the issuance of permits and authorizations required for our operations, preventing us from making constructions and improvements
in our campuses. In addition, the improper disposal of solid waste, as well as accidents resulting from the transportation of such wastes,
may give rise to administrative, civil and criminal sanctions. Considering the provision on strict and joint environmental civil liability,
the hiring of third parties to provide services for the collection, transportation and final disposal of waste does not exempt us from
liability for any environmental damage caused by such third parties.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We may be adversely affected if the government
changes its investment strategy in education.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">According to Brazilian Federal Law No. 9,394/1996,
as amended, providing education is a duty of the government and of the family, and private education is permitted, in accordance with
the terms set forth by the Brazilian constitution and applicable laws and regulations. Certain public institutions may have certain competitive
advantages over us in the admissions process, as they do not charge tuition fees and may be perceived to be more prestigious than private
institutions, but the limited number of positions available and the competitive nature of the admission process to public institutions
significantly restricts access to these institutions by students. However, the Brazilian government may change its policy and increase
the competition we face by (i)&nbsp;increasing the level of public investment in basic education and post-secondary education in general,
opening a higher amount of positions and increasing the quality of education offered by public entities; and (ii)&nbsp;shifting resources
from institutions that are centers of excellence and research to public post-secondary education institutions. The introduction and extension
of affirmative action admission policies by federal and state institutions based on income, race or ethnicity criteria could also heighten
the level of competition in the industry. Any policy change affecting the level of public investment in any aspect of the education sector
may adversely affect us. As of the date of this annual report, our management is not aware of any pending policy changes or proposed legislation
affecting the level of public investment in the education sector in Brazil.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Government agencies, MEC and third parties may
conduct inspections, file administrative proceedings or initiate litigation against us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Because we operate in a highly regulated industry,
government agencies, MEC or third parties may conduct inspections, file administrative proceedings or initiate litigation for non-compliance
with regulations against us or the institutions we purchase. If the results of these proceedings or litigations are unfavorable to us,
or if we are unable to successfully defend our cases, we may be required to pay monetary damages or be subject to fines, limitations,
injunctions or other penalties. Even if we adequately address issues raised by an inspection conducted by an agency or successfully defend
our case in an administrative proceeding or court action, we may have to set aside significant financial and management resources to settle
issues raised by these proceedings or to those lawsuits or claims. Administrative proceedings or court actions brought against us may
damage our reputation, even if such lawsuits or claims are without merit.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Failure to prevent or detect a malicious cyber-attack
on our systems and databases could result in a misappropriation of confidential information or access to highly sensitive information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Cyber-attacks are becoming more sophisticated
and pervasive. Across our business we hold large volumes of personally identifiable information, including that of employees, institutions,
customers, students and parents and legal guardians. Individuals may try to gain unauthorized access to our data in order to misappropriate
such information for potentially fraudulent purposes, and our security measures may fail to prevent such unauthorized access. A breach
of our systems could result in a devastating impact on our reputation, financial condition or student experience. In addition, if we were
unable to prove that our systems are properly designed to detect an intrusion, we could be subject to severe penalties and loss of existing
or future business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Pursuant to the Brazilian Data Protection Law
<I>(Lei Geral de Prote&ccedil;&atilde;o de Dados,</I> or LGPD), security breaches that may result in significant risk or damage to personal
data must be reported to the ANPD, the data protection regulatory body, within a reasonable time period. The notice to the ANPD must include:
(a)&nbsp;a description of the nature of the personal data affected by the breach; (b)&nbsp;the affected data subjects; (c)&nbsp;the technical
and security measures adopted; (d)&nbsp;the risks related to the breach; (e)&nbsp;the reasons for any delays in reporting the breach,
if applicable; and (f)&nbsp;the measures adopted to revert or mitigate the effects of the damage caused by the breach.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Failure to comply with the LGPD may result
in formal warnings, public sanctions, the deletion of data, or the suspension of data processing activities. Furthermore, a company may
be subject to a fine equal to up to 2% of its gross sales, or the gross sales of its economic group in Brazil, in the preceding fiscal
year, excluding taxes, but limited to a total of R$50 million per infraction. LGPD sanctions are expected to go into effect in August
2021.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Our success depends on our ability to monitor
and adapt to technological changes in the education sector and maintain a technological infrastructure that works adequately and without
interruption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Information technology is an essential factor
of our growth. Our information technology systems and tools may become obsolete or insufficient, or we may have difficulties in following
and adapting to technological changes in the education sector, particularly in the distance learning segment where the technological needs
and expectations of our customers and market standards change rapidly and we must quickly adapt to new distance learning technology, practices
and standards. Moreover, our competitors may introduce better products or service platforms. Our success depends on our ability to efficiently
improve our current products while developing and introducing new products that are accepted in the marketplace. Additionally, a failure
to upgrade our technology, features, content, security infrastructure, network infrastructure, or other infrastructure associated with
our platform could harm our business. Adverse consequences could include unanticipated disruptions, slower response times, bugs, degradation
in levels of customer support, impaired quality of users&rsquo; experiences of our educational platform and delays in reporting accurate
financial information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our business, particularly our distance learning
segment, depends on our information technology infrastructure functioning properly and without interruptions. Several problems regarding
our information technology structure, such as viruses, hackers, system interruptions and technical difficulties regarding our satellite
transmissions of data, sound and image, may have a material adverse effect on us and our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, we face risks associated with
unauthorized access to our systems, including by hackers and due to failures of our electronic security measures. These unauthorized
entries into our systems can result in the theft of proprietary or sensitive information, including student information, or cause interruptions
in the operation of our systems. As a result, we may be forced to incur considerable expenses to protect our systems from electronic
security breaches and to mitigate our exposure to technological problems and interruptions.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Internet Act (Law No. 12,965/2014) applies
only to personal data collected through the internet, and establishes other principles and rules with respect to the privacy and protection
of the personal and behavioral data of internet users. The Internet Act guarantees, among others, the privacy of internet and privately
stored communications. Any data processing activity is subject to the data subject&rsquo;s informed, free and express consent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Decree No. 8,771/2016, which regulates the
Internet Act, requires internet app providers to maintain certain security measures in connection with the storage of personal data, including:
(i)&nbsp;strict controls on access to personal data; (ii)&nbsp;authentication safeguards; (iii)&nbsp;detailed data inventories (e.g.,
date, time and duration of access to the data, identity of the employee that accessed the data and the actions taken), and (iv)&nbsp;use
of IT solutions to ensure the data is protected (for example, data encryption or other equivalent protective measures). If we fail to
comply with the provisions of the Internet Act, we may be subject to sanctions and penalties, including damages, which will be assessed
based on the nature and degree of our non-compliance, among other factors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On August 15, 2018, the LGPD was published.
Following ratification by Brazil&rsquo;s President of Converted Law No. 34/2020 relating to Provisional Measure No. 959/2020, the General
Personal Data Protection Law became effective as of September 18, 2020, although the penalties established under the General Personal
Data Protection Law will become effective as of August 1, 2021 in accordance with Law No. 14,010/2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The LGPD regulates the use of personal data
in Brazil. The LGPD significantly transformed the data protection system in Brazil and is in line with recent European legislation (the
General Data Protection Regulation, or GDPR). The LGPD establishes detailed rules for the collection, use, processing and storage of personal
data. It will affect all economic sectors, including the relationship between customers and suppliers of goods and services, employees
and employers and other relationships in which personal data is collected, both in the digital and physical environment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">If we fail to comply with the LGPD, we and
our subsidiaries may also be subject to the following sanctions, on an individual or cumulative basis: (1)&nbsp;warnings; (2)&nbsp;an
obligation to disclose the infraction; (3)&nbsp;an obligation to temporarily block and/or delete personal data; and (4)&nbsp;a fine of
up to 2% of our revenue or the revenue of our economic group in the most recent fiscal year, excluding taxes, not to exceed R$50.0 million
per infraction. In addition, we may be held liable for any individual or collective property and moral damages caused by us and be held
jointly and severally liable for any individual or collective property and moral damages caused by our subsidiaries and service suppliers
to the extent such damages resulted from non-compliance with the LGPD.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Failure to comply with data privacy regulations
could result in reputational damage to our brands and adversely affect our business, financial condition and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Any perceived or actual unauthorized disclosure
of personally identifiable information, whether through breach of our network by an unauthorized party, employee theft, misuse or error
or otherwise, could harm our reputation, impair our ability to attract and retain our customers, or subject us to claims or litigation
arising from damages suffered by individuals. Failure to adequately protect personally identifiable information could potentially lead
to penalties, significant remediation costs, reputational damage, the cancellation of existing contracts and difficulty in competing for
future business. In addition, we could incur significant costs in complying with relevant laws and regulations regarding the unauthorized
disclosure of personal information, which may be affected by any changes to data privacy legislation at both the federal and state levels.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Companies subject to the LGPD (including our
Brazilian operations) are required to comply with the obligations of the LGPD. Failure to comply with the LGPD may result in formal warnings,
public sanctions, the deletion of sensitive data, or the suspension of data processing activities. Furthermore, a company may be subject
to a fine equal to up to 2% of its gross sales, or the gross sales of its economic group in Brazil, in the preceding fiscal year, excluding
taxes, but limited to a total of R$50 million per infraction.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">A material weakness in our internal control over
financial reporting has been identified relating to our information technology general controls, and if we fail to establish and maintain
proper and effective internal controls over financial reporting, our results of operations and our ability to operate our business may
be harmed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">After our initial public offering, we became
subject to the Sarbanes-Oxley Act, which requires, among other things, that we establish and maintain effective internal controls over
financial reporting and disclosure controls and procedures. We have incurred and expect to continue to incur additional expenses and to
spend significant management time in complying with these requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, these obligations require substantial
attention from our senior management and could divert their attention from the day-to-day management of our business. These cost increases
and the diversion of management&rsquo;s attention could materially and adversely affect our business financial condition and operation
results.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In connection with the audit of our consolidated
financial statements, we identified deficiencies relating to the IT General Controls (ITGCs) which, when aggregated, have been classified
as a material weakness. Accordingly, process-level automated controls and IT dependent manual controls, that were dependent upon the information
derived from IT systems, were also deemed to be ineffective. This material weakness did not result in a material misstatement in the consolidated
financial statements for the year ended December 31, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">During 2020 we have implemented enhanced controls
over IT systems, hired experienced personnel to our IT team and effected policies and procedures. Even so, we were not able to mitigate
deficiencies relating to the ITGCs. The IT department is already performing reviews of the controls to address the issues related to material
weaknesses and expect to conclude the proposed remediation plan during 2021. The focus will be on the implementation of an identity and
access management tool (IAM), standardization of logins, implementation of the Segregation of Duties or SOD matrix and improvements in
all access granting and recertification processes.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Certain Risks Relating to Brazil</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">The Brazilian federal government has exercised,
and continues to exercise, significant influence over the Brazilian economy. This involvement as well as Brazil&rsquo;s political and
economic conditions could harm us and the price of our Class A common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Brazilian federal government frequently
exercises significant influence over the Brazilian economy and occasionally makes significant changes in policy and regulations. The Brazilian
government&rsquo;s actions to control inflation and other policies and regulations have often involved, among other measures, increases
or decreases in interest rates, changes in fiscal policies, wage and price controls, foreign exchange rate controls, blocking access to
bank accounts, currency devaluations, capital controls and import and export restrictions. We have no control over and cannot predict
what measures or policies the Brazilian government may take in the future. We and the market price of our securities may be harmed by
changes in Brazilian government policies, as well as general economic factors, including, without limitation:</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>growth or downturn of the Brazilian economy;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>interest rates and monetary policies;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>exchange rates and currency fluctuations;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>inflation;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>liquidity of the domestic capital and lending markets, in particular in the current context of the COVID-19 pandemic;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>import and export controls;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>exchange controls and restrictions on remittances abroad and payments of dividends;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>modifications to laws and regulations according to political, social and economic interests;</TD></TR></TABLE>


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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>fiscal policy and changes in tax laws;</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>labor and social security regulations;</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>energy and water shortages and rationing;</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>commodity prices;</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>changes in demographics, in particular declining birth rates, which will result in a decrease in the number of enrolled students in
education in the future; and</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>other political, diplomatic, social and economic developments in or affecting Brazil.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Uncertainty over whether the Brazilian federal
government will implement reforms or changes in policy or regulation affecting these or other factors in the future may affect economic
performance and contribute to economic uncertainty in Brazil, which may have an adverse effect on our activities and consequently our
operating results, and may also adversely affect the trading price of our Class A common shares. Recent economic and political instability
has led to a negative perception of the Brazilian economy and higher volatility in the Brazilian securities markets, which also may adversely
affect us and our Class A common shares. See &ldquo;Item 5. Operating and Financial Review and Prospects&mdash;Significant Factors Affecting
Our Results of Operations&mdash;Brazilian Macroeconomic Environment.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Economic uncertainty and political instability in Brazil may
harm our business and the price of our Class A common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Brazil&rsquo;s political environment has historically
influenced, and continues to influence, the performance of the country&rsquo;s economy. Political crises have affected and continue to
affect the confidence of investors and the general public, which have historically resulted in economic deceleration and heightened volatility
in the securities offered by companies with significant operations in Brazil.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The recent economic instability in Brazil has
contributed to a decline in market confidence in the Brazilian economy as well as to a deteriorating political environment. In addition,
various ongoing investigations into allegations of money laundering and corruption being conducted by the Office of the Brazilian Federal
Prosecutor, including the largest such investigation, known as &ldquo;<I>Opera&ccedil;&atilde;o Lava Jato,</I>&rdquo; have negatively
impacted the Brazilian economy and political environment. The potential outcome of these investigations is uncertain, but they have already
had an adverse impact on the image and reputation of the implicated companies, and on the general market perception of the Brazilian economy.
We cannot predict whether the ongoing investigations will result in further political and economic instability, or if new allegations
against government officials and/or executives of private companies will arise in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, political demonstrations in Brazil
over the last few years have affected the development of the Brazilian economy and investors&rsquo; perceptions of Brazil. For example,
street protests, which started in mid-2013 and continued through 2016, demonstrated the public&rsquo;s dissatisfaction with the worsening
Brazilian economic condition (including an increase in inflation and fuel prices as well as rising unemployment), and the perception of
widespread corruption. Moreover, on October 28, 2018, Jair Bolsonaro won the Brazilian presidential election and took office on January
1, 2019. It is unclear if and for how long the political divisions that arose before the election will continue under President Jair Bolsonaro&rsquo;s
presidency and the effects that such divisions will have on his ability to govern Brazil and implement reforms. The continuation of any
such political divisions may result in congressional impasse, political unrest, protests or strikes that materially adversely affect us.
In addition, uncertainties relating to the implementation by the new Brazilian government of changes to monetary, fiscal and social security
policy and related legislation may contribute to economic instability. These uncertainties and new measures may increase the volatility
of the Brazilian capital markets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Furthermore, a failure by the Brazilian government
to implement necessary reforms may result in diminished confidence in the Brazilian government&rsquo;s budgetary condition and fiscal
stance, which could result in downgrades of Brazil&rsquo;s sovereign foreign credit rating by credit rating agencies, negatively impact
Brazil&rsquo;s economy, and lead to further depreciation of the <I>real</I> and an increase in inflation and interest rates, which could
adversely affect our business, financial condition and results of operations.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Also, the ongoing COVID-19 pandemic is expected
to continue causing a material and adverse effect on the general economic, financial, political, demographic and business conditions in
Brazil, which may reduce the disposable income of our students and their families, and consequently (1)&nbsp;adversely affect the ability
of our students (current and/or prospective) to pay our tuition fees and/or (2)&nbsp;increase our attrition rates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Any of the above factors may harm the Brazilian
economy and, consequently, our business and the price of our Class A common shares.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Inflation and certain measures by the Brazilian
government to curb inflation have historically harmed the Brazilian economy and Brazilian capital markets, and high levels of inflation
in the future would harm our business and the price of our Class A common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In the past, Brazil has experienced extremely
high rates of inflation. Inflation and some of the measures taken by the Brazilian government in an attempt to curb inflation have had
significant negative effects on the Brazilian economy generally. Inflation, policies adopted to curb inflationary pressures and uncertainties
regarding possible future governmental intervention have contributed to economic uncertainty and heightened volatility in the Brazilian
capital markets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">According to the National Consumer Price Index
(<I>&Iacute;ndice Nacional de Pre&ccedil;os ao Consumidor Amplo</I>, or IPCA), which is published by the Brazilian Institute for Geography
and Statistics (<I>Instituto Brasileiro de Geografia e Estat&iacute;stica</I>, or IBGE), Brazilian inflation rates were 4.3%, 3.7% and
2.9% as of December&nbsp;31, 2019, 2018 and 2017, respectively. Brazil may experience high levels of inflation in the future and inflationary
pressures may lead to the Brazilian government intervening in the economy and introducing policies that could harm our business and the
trading price of our Class&nbsp;A common shares. In the past, the Brazilian government&rsquo;s interventions included the maintenance
of a restrictive monetary policy with high interest rates that restricted credit availability and reduced economic growth, causing volatility
in interest rates. For example, the official interest rate in Brazil decreased from 14.25% as of December&nbsp;31, 2015, to 4.50% as of
December&nbsp;31, 2018, as established by the Monetary Policy Committee (<I>Comit&ecirc; de Pol&iacute;tica Monet&aacute;ria do Banco
Central do Brasil</I>), or COPOM. On February&nbsp;7, 2018, the COPOM reduced the base interest rate (<I>Sistema Especial de Liquida&ccedil;&atilde;o
e Cust&oacute;dia</I>) or the SELIC rate, to 6.75% and further reduced the SELIC rate to 6.50% on March&nbsp;21, 2018. The COPOM reconfirmed
the SELIC rate of 6.50% on May&nbsp;16, 2018, and subsequently on June&nbsp;20, 2018. As of December 31, 2018, the SELIC rate was 6.50%.
The COPOM reconfirmed the SELIC rate of 6.50% on February 6, 2019, but reduced the SELIC rate to 6.00% on August 1, 2019 and further reduced
the rate to 4.50% on December 12, 2019. On February 5, 2020, the COPOM reduced the SELIC rate to 4.25% and further reduced the rate to
3.75% on March 18, 2020, to 3.00% on June 5, 2020, to 2.25% on June 17, 2020, to 2.00% on August 5, 2020 and to 2.75% on March 17, 2021.
As of the date of this annual report, the SELIC rate is 2.75%. Conversely, more lenient government and Central Bank policies and interest
rate decreases have triggered and may continue to trigger increases in inflation, and, consequently, growth volatility and the need for
sudden and significant interest rate increases, which could negatively affect us and increase our indebtedness.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Exchange rate instability may have adverse effects
on the Brazilian economy, us and the price of our Class A common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Brazilian currency has been historically
volatile and has been devalued frequently over the past three decades. Throughout this period, the Brazilian government has implemented
various economic plans and used various exchange rate policies, including sudden devaluations, periodic mini-devaluations (during which
the frequency of adjustments has ranged from daily to monthly), exchange controls, dual exchange rate markets and a floating exchange
rate system. Although long-term depreciation of the <I>real</I> is generally linked to the rate of inflation in Brazil, depreciation of
the <I>real</I> occurring over shorter periods of time has resulted in significant variations in the exchange rate between the <I>real,</I>
the U.S. dollar and other currencies. The <I>real</I> depreciated against the U.S. dollar by 32.0% at year-end 2015 as compared to year-end
2014, and by 11.8% at year-end 2014 as compared to year-end 2013. The <I>real</I>/U.S. dollar exchange rate reported by the Central Bank
was R$3.905 per U.S. dollar on December 31, 2015 and R$3.259 per U.S. dollar on December 31, 2016, which reflected a 16.5% appreciation
in the <I>real</I> against the U.S. dollar during 2016.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The <I>real/</I>U.S. dollar exchange rate reported
by the Central Bank was R$3.308 per U.S. dollar on December 31, 2017, which reflected a 1.5% depreciation in the <I>real</I> against the
U.S. dollar during 2017. The <I>real/</I>U.S. dollar exchange rate reported by the Central Bank was R$3.875 per US$1.00 on December 31,
2018, which reflected a 17.1% depreciation in the <I>real</I> against the U.S. dollar during 2018. The <I>real/</I>U.S. dollar exchange
rate reported by the Central Bank was R$4.031 per US$1.00 on December 31, 2019, which reflected a 4.0% depreciation in the <I>real</I>
against the U.S. dollar during 2019. The <I>real/</I>U.S. dollar exchange rate reported by the Central Bank was R$5.196 per US$1.00 on
December 31, 2020, which reflected a 22.4% depreciation in the <I>real</I> against the U.S. dollar during 2020. As of April 28, 2021,
the exchange rate for the sale of U.S. dollars as reported by the Central Bank was R$5.401 per US$1.00, which reflected a 3.9% depreciation
in the <I>real</I> against the U.S. dollar since December 31, 2020. There can be no assurance that the <I>real</I> will not again depreciate
against the U.S. dollar or other currencies in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A devaluation of the <I>real</I> relative to
the U.S. dollar could create inflationary pressures in Brazil and cause the Brazilian government to, among other measures, increase interest
rates. Any depreciation of the <I>real</I> may generally restrict access to the international capital markets. It would also reduce the
U.S. dollar value of our results of operations. Restrictive macroeconomic policies could reduce the stability of the Brazilian economy
and harm our results of operations and profitability. In addition, domestic and international reactions to restrictive economic policies
could have a negative impact on the Brazilian economy. These policies and any reactions to them may harm us by curtailing access to foreign
financial markets and prompting further government intervention. A devaluation of the <I>real</I> relative to the U.S. dollar may also,
as in the context of the current economic slowdown, decrease consumer spending, increase deflationary pressures and reduce economic growth.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On the other hand, an appreciation of the real
relative to the U.S. dollar and other foreign currencies may deteriorate the Brazilian foreign exchange current accounts. Depending on
the circumstances, either devaluation or appreciation of the <I>real</I> relative to the U.S. dollar and other foreign currencies could
restrict the growth of the Brazilian economy, as well as our business, results of operations and profitability.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Infrastructure and workforce deficiency in Brazil
may impact economic growth and have a material adverse effect on us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our performance depends on the overall health
and growth of the Brazilian economy. Brazilian GDP growth has fluctuated over the past few years, with growth of 3.0% in 2013 but decreasing
to 0.5% in 2014, a contraction of 3.5% in 2015, a contraction of 3.3% in 2016, a growth of 1.0% in 2017, a growth of 1.1% in 2018 and
1.1% in 2019 and a contraction of 4.1% in 2020. Growth is limited by inadequate infrastructure, including potential energy shortages and
deficient transportation, logistics and telecommunication sectors, general strikes, the lack of a qualified labor force, and the lack
of private and public investments in these areas, which limit productivity and efficiency. Any of these factors could lead to labor market
volatility and generally impact income, purchasing power and consumption levels, which could limit growth and ultimately have a material
adverse effect on us.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Developments and the perceptions of risks in
other countries, including other emerging markets, the United States and Europe, may harm the Brazilian economy and the price of our Class
A common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The market for securities offered by companies
with significant operations in Brazil is influenced by economic and market conditions in Brazil and, to varying degrees, market conditions
in other Latin American and emerging markets, as well as the United States, Europe and other countries. To the extent the conditions of
the global markets or economy deteriorate, including as a result of the COVID-19 outbreak, the business of companies with significant
operations in Brazil may be harmed. The weakness in the global economy has been marked by, among other adverse factors, lower levels of
consumer and corporate confidence, decreased business investment and consumer spending, increased unemployment, reduced income and asset
values in many areas, reduction of China&rsquo;s growth rate, currency volatility and limited availability of credit and access to capital.
Developments or economic conditions in other emerging market countries have at times significantly affected the availability of credit
to companies with significant operations in Brazil and resulted in considerable outflows of funds from Brazil, decreasing the amount of
foreign investments in Brazil.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Crises and political instability in other emerging
market countries, the United States, Europe or other countries could decrease investor demand for securities offered by companies with
significant operations in Brazil, such as our Class A common shares. In June 2016, the United Kingdom had a referendum in which the majority
voted to leave the European Union (so-called &ldquo;Brexit&rdquo;).</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The announcement of Brexit caused significant
volatility in global stock markets and currency exchange rate fluctuations. The United Kingdom formally withdrew from the European Union
on January 31, 2020. On December 24, 2020, the United Kingdom and the European Commission reached an agreement on the terms of its future
cooperation with the European Union. On December 31, 2020, the European Union (Future Relationship) Act was enacted in the United Kingdom.
Significant political and economic uncertainty remains about whether the terms of the relationship between the United Kingdom and the
European Union will differ materially in practice from the terms before withdrawal. We have no control over and cannot predict the effect
of the United Kingdom&rsquo;s exit from the European Union nor over whether and to which effect any other member state will decide to
exit the European Union in the future. These developments, as well as potential crises and forms of political instability arising therefrom
or any other as of yet unforeseen development, may harm our business and the price of our Class&nbsp;A common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, public health crises, pandemics
and epidemics, could have a material adverse effect on global, national and local economies, as well as on our business, our subsidiaries
and our students by disrupting our activities and delaying transactional activities (including acquisitions). For instance, the outbreak
of COVID-19 has severely impacted global economic activity and caused significant volatility and negative pressure in the financial markets.
The potential impact of a pandemic, epidemic or outbreak of a contagious disease on our subsidiaries and our students is difficult to
predict, and could have a material adverse effect on our results of operations and financial condition, as well as heighten the volatility
of the price of our Class A common shares. See &ldquo;&mdash;Certain Risks Relating to Our Business and Industry&mdash;Public health outbreaks,
epidemics or pandemics, such as the COVID-19 pandemic, have adversely affected and may continue to adversely affect our business.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Any further downgrading of Brazil&rsquo;s credit
rating could reduce the trading price of our Class A common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We and the trading price of our Class A common
shares may be harmed by investors&rsquo; perceptions of risks related to Brazil&rsquo;s sovereign debt credit rating. Rating agencies
regularly evaluate Brazil and its sovereign credit ratings, which are based on a number of factors, including macroeconomic trends, fiscal
and budgetary conditions, indebtedness metrics and the perspective of changes in any of these factors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The rating agencies began to review Brazil&rsquo;s
sovereign credit rating in September 2015. Subsequently, the three major rating agencies downgraded Brazil&rsquo;s investment-grade status:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>In 2015, Standard &amp; Poor&rsquo;s initially downgraded Brazil&rsquo;s credit rating from BBB-negative to BB-positive and subsequently
downgraded it again from BB-positive to BB, maintaining its negative outlook, citing a worse credit situation since the first downgrade.
On January 11, 2018, Standard &amp; Poor&rsquo;s further downgraded Brazil&rsquo;s credit rating from BB to BB-negative. The BB-negative
rating was reaffirmed on February 7, 2019 with a stable outlook, which reflects the agency&rsquo;s expectations that the Brazilian government
will be able to implement policies to gradually improve the fiscal deficit, as well as a mild economic recovery, given improvements in
consumer confidence.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>In December 2015, Moody&rsquo;s reviewed and downgraded Brazil&rsquo;s issue and bond ratings from Baa3 to below investment grade,
Ba2 with a negative outlook, citing the prospect of a further deterioration in Brazil&rsquo;s debt indicators, considering the low growth
environment and the challenging political scenario. In April 2018, Moody&rsquo;s reaffirmed its Ba2 rating, but altered its outlook from
&ldquo;negative&rdquo; to &ldquo;stable,&rdquo; also supported by the projection that the Brazilian government would approve fiscal reforms
and that economic growth in Brazil would resume gradually.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>In 2016, Fitch downgraded Brazil&rsquo;s sovereign credit rating to BB-positive with a negative outlook, citing the rapid expansion
of the country&rsquo;s budget deficit and the worse-than-expected recession. In February 2018, Fitch downgraded Brazil&rsquo;s sovereign
credit rating again to BB-negative, citing, among other reasons, fiscal deficits, the increasing burden of public debt and an inability
to implement reforms that would structurally improve Brazil&rsquo;s public finances.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>The BB-negative rating was reaffirmed in May 2019 and in 2020, Standard &amp; Poor&rsquo;s reaffirmed Brazil&rsquo;s credit rating
of BB- with a stable outlook. Brazil&rsquo;s sovereign credit rating is currently rated below investment grade by the three main credit
rating agencies. Consequently, the prices of securities offered by companies with significant operations in Brazil have been negatively
affected. A prolongation or worsening</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in">of the current Brazilian recession and continued political
uncertainty, among other factors, could lead to further ratings downgrades. Any further downgrade of Brazil&rsquo;s sovereign foreign
credit ratings could heighten investors&rsquo; perception of risk and, as a result, cause the trading price of our Class A common shares
to decline.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Certain Risks Relating to Our Class A Common Shares</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">An active trading market for our Class A common
shares may not be sustainable. If an active trading market is not maintained, investors may not be able to resell their shares and our
ability to raise capital in the future may be impaired.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Although our Class A common shares are listed
and being traded on the Nasdaq Global Select Market, an active trading market for our shares may not be maintained. If an active market
for our Class A common shares is not maintained, it may be difficult for you to sell shares without depressing the market price for the
shares or at all. An inactive trading market may also impair our ability to raise capital to continue to fund operations by selling shares
and may impair our ability to acquire other companies or technologies by using our shares as consideration. In addition to the risks described
above, the market price of our Class A common shares may be influenced by many factors, some of which are beyond our control, including:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>announcements by us or our competitors of significant contracts or acquisitions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>technological innovations by us or competitors;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the failure of financial analysts to cover our Class A common shares or changes in financial estimates by analysts;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>actual or anticipated variations in our operating results;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>changes in financial estimates by financial analysts, or any failure by us to meet or exceed any of these estimates, or changes in
the recommendations of any financial analysts that elect to follow our Class A common shares or the shares of our competitors;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>future sales of our shares; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>investor perceptions of us and the industries in which we operate.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, the stock market in general has
experienced substantial price and volume fluctuations that have often been unrelated or disproportionate to the operating performance
of particular companies affected, such as in the context of an economic crisis due to the COVID-19 pandemic. These broad market and industry
factors may materially harm the market price of our Class A common shares, regardless of our operating performance. In the past, following
periods of volatility in the market price of certain companies&rsquo; securities, securities class action litigation has been instituted
against these companies. This litigation, if instituted against us, could adversely affect our financial condition or results of operations.
If a market is not maintained, the liquidity and price of our Class A common shares could be seriously harmed.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">The Esteves Family and Crescera, our largest
group of shareholders, own 100% of our outstanding Class B common shares, which represents approximately 92.9% of the voting power of
our issued share capital, and control all matters requiring shareholder approval. This concentration of ownership and voting power limits
your ability to influence corporate matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Nicolau Carvalho Esteves, Ros&acirc;ngela
de Oliveira Tavares and NRE Capital Ventures Limited, or the Esteves Family, and Crescera control our company and beneficially own 51.6%
of our issued share capital through their beneficial ownership of all of our outstanding Class B common shares, and consequently, 92.9%
of the combined voting power of our issued share capital. Our Class B common shares are entitled to 10 votes per share and our Class
A common shares, which are the common shares trading on NASDAQ, are entitled to one vote per share. Our Class B common shares are convertible
into an equivalent number of Class A common shares and generally convert into Class A common shares upon transfer subject to limited
exceptions. As a result, the Esteves Family and Crescera control the outcome of all decisions at our shareholders&rsquo; meetings, and
are able to elect a majority of the members of our board of directors. They are also able to direct our actions in areas such as business
strategy, financing, distributions, acquisitions and dispositions of assets or businesses. For example, the Esteves Family and Crescera
may cause us to make acquisitions that increase the amount of our indebtedness or outstanding Class A common shares, sell revenue-generating
assets or inhibit change of control transactions that benefit other shareholders. The decisions of the Esteves Family and Crescera on
these matters may be contrary to your expectations or preferences, and they may take actions that could be contrary to your interests.
They are able to prevent any other shareholders, including you, from blocking these actions. For further information regarding shareholdings
in our company, see &ldquo;Item 7. Major Shareholders and Related Party Transactions&mdash;A. Major Shareholders.&rdquo; In addition,
for so long as they beneficially own more than two-thirds of our issued share capital, the Esteves Family and Crescera also have the
ability to unilaterally amend our Articles of Association, which may be amended only by special resolution of shareholders (requiring
a two-thirds majority, of those attending the relevant shareholder meeting, vote).</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">So long as the Esteves Family and Crescera
continue to beneficially own a sufficient number of Class B common shares, even if they beneficially own significantly less than 50% of
our outstanding share capital, acting together, they will be able to effectively control our decisions. For example, if our Class B common
shares amounted to 15% of our outstanding common shares, beneficial owners of our Class B common shares (consisting of the Esteves Family
and Crescera), would collectively control 63.8% of the voting power of our outstanding common shares. If the Esteves Family and Crescera
sell or transfer any of their Class B common shares, they will generally convert automatically into Class A common shares, subject to
limited exceptions, such as transfers to affiliates, to trustees for the holder or its affiliates and certain transfers to U.S. tax exempt
organizations. The fact that any Class B common shares convert into Class A common shares if the Esteves Family or Crescera sell or transfer
them means that the Esteves Family and Crescera will in many situations continue to control a majority of the combined voting power of
our outstanding share capital, due to the voting rights of any Class B common shares that they retain. However, if our Class B common
shares at any time represent less than 10% of the total number of shares in the capital of the Company outstanding, the Class B common
shares then outstanding will automatically convert into Class A common shares. For a description of our dual class equity structure, see
&ldquo;Item 10. Additional Information&mdash;B. Memorandum and Articles of Association&mdash;Description of Share Capital.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Class A common shares eligible for future sale
may cause the market price of our Class A common shares to drop significantly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The market price of our Class A common shares
may decline as a result of sales of a large number of our Class A common shares in the market (including Class A common shares issuable
upon conversion of Class B common shares) or the perception that these sales may occur. These sales, or the possibility that these sales
may occur, also might make it more difficult for us to sell equity securities in the future at a time and at a price that we deem appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of April 26, 2021, we have outstanding 45,662,790
Class A common shares and 48,034,315 Class B common shares, that except as set forth below, are freely tradable without restriction or
further registration under the Securities Act by persons other than our affiliates within the meaning of Rule 144 of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our shareholders or entities controlled by
them or their permitted transferees will be able to sell their shares in the public market from time to time without registering them,
subject to certain limitations on the timing, amount and method of those sales imposed by regulations promulgated by the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">If any of our shareholders, the affiliated
entities controlled by them or their respective permitted transferees were to sell a large number of their shares, the market price of
our Class A common shares may decline significantly. In addition, the perception in the public markets that sales by them might occur
may also adversely affect the market price of our Class A common shares.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Our Articles of Association contain anti-takeover
provisions that may discourage a third party from acquiring us and adversely affect the rights of holders of our Class A common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our Articles of Association contain certain
provisions that could limit the ability of others to acquire our control, including a provision that grants authority to our board of
directors to establish and issue from time to time one or more series of preferred shares without action by our shareholders and to determine,
with respect to any series of preferred shares, the terms and rights of that series. These provisions could have the effect of depriving
our shareholders of the opportunity to sell their shares at a premium over the prevailing market price by discouraging third parties
from seeking to obtain our control in a tender offer or similar transactions.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">If securities or industry analysts publish inaccurate
or unfavorable research, about our business, the price of our Class A common shares and our trading volume could decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The trading market for our Class A common shares
will depend in part on the research and reports that securities or industry analysts publish about us, our business, our market or our
competitors. In the event one or more of the analysts who covers us downgrades us or releases negative publicity about our Class A common
shares, our share price would likely decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Further, as we are not required to publish
quarterly financial information, if we cease to publish that information, any analysts covering us may not have enough information to
compare us to our peers on a regular basis and may choose to cease coverage. If one or more of these analysts ceases to cover us or fails
to regularly publish reports on us, interest in our Class A common shares may decrease, which may cause our share price or trading volume
to decline.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">It is unlikely that we will declare any dividends
on our common shares in the foreseeable future and therefore, you must rely on price appreciation of our common shares for a return on
your investment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We do not anticipate paying any dividends in
the foreseeable future. Instead, we intend to retain earnings, if any, to fund the operation of our business and future growth. Any decision
to declare and pay dividends in the future will be made at the discretion of our general meeting of shareholders, acting pursuant to a
proposal by our board of directors, or by our board, and will depend on, among other things, our results of operations, cash requirements,
financial condition, contractual restrictions and other factors that our general meeting of shareholders or board of directors may deem
relevant. Accordingly, investors will most likely have to rely on sales of their common shares, which may increase or decrease in value,
as the only way to realize cash from their investment. As a result, capital appreciation in the price of our Class A common shares, if
any, will be your only source of gain on an investment in our Class A common shares. There is no guarantee that the price of our common
shares will ever exceed the price that you pay.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Our dual class equity structure means our shares
will not be included in certain indices. We cannot predict the impact this may have on our share price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In 2017, FTSE Russell, S&amp;P Dow Jones and
MSCI announced changes to their eligibility criteria for inclusion of shares of public companies on certain indices to exclude companies
with multiple classes of shares of common stock from being added to such indices. FTSE Russell announced plans to require new constituents
of its indices to have at least five percent of their voting rights in the hands of public stockholders, whereas S&amp;P Dow Jones announced
that companies with multiple share classes, such as ours, will not be eligible for inclusion in the S&amp;P 500, S&amp;P MidCap 400 and
S&amp;P SmallCap 600, which together make up the S&amp;P Composite 1500. MSCI also opened public consultations on their treatment of no-vote
and multi-class structures and temporarily barred new multi-class listings from its ACWI Investable Market Index and U.S. Investable Market
2500 Index; however, in October 2018, MSCI announced its decision to include equity securities &ldquo;with unequal voting structures&rdquo;
in its indices and to launch a new index that specifically includes voting rights in its eligibility criteria.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We cannot assure you that other stock indices
will not take a similar approach to FTSE Russell, S&amp;P Dow Jones and MSCI in the future. Under the announced policies, our dual class
equity structure would make us ineligible for inclusion in any of these indices and, as a result, mutual funds, exchange-traded funds
and other investment vehicles that attempt to passively track these indices will not invest in our stock. It continues to be somewhat
unclear what effect, if any, these policies will have on the valuations of publicly traded companies excluded from the indices, but in
certain situations they may depress these valuations compared to those of other similar companies that are included. Exclusion from indices
could make our Class A common shares less attractive to investors and, as a result, the market price of our Class A common shares could
be adversely affected.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">The dual class equity structure of our common
stock has the effect of concentrating voting control with the Esteves Family and Crescera; this will limit or preclude your ability to
influence corporate matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Each Class A common share entitles its holder
to one vote per share, and each Class B common share will entitle its holder to 10 votes per share, so long as the total number of the
issued and outstanding Class B common shares is at least 10% of the total number of shares outstanding. Due to the 10-to-one voting ratio
between our Class B and Class A common shares, the beneficial owners of our Class B common shares (composed of the Esteves Family and
Crescera) collectively will continue to control a majority of the combined voting power of our common shares and therefore be able to
control all matters submitted to our shareholders so long as the total number of the issued and outstanding Class B common shares is
at least 10% of the total number of shares outstanding.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, our Articles of Association provide
that at any time when there are Class A common shares in issue, additional Class B common shares may only be issued pursuant to (1)&nbsp;a
share split, subdivision of shares or similar transaction or where a dividend or other distribution is paid by the issue of shares or
rights to acquire shares or following capitalization of profits, (2)&nbsp;a merger, consolidation, or other business combination involving
the issuance of Class B common shares as full or partial consideration, or (3)&nbsp;an issuance of Class A common shares, whereby holders
of the Class B common shares are entitled to purchase a number of Class B common shares that would allow them to maintain their proportional
ownership interests in Afya (following an offer by us to each holder of Class B common shares to issue to such holder, upon the same economic
terms and at the same price, such number of Class B common shares as would ensure such holder may maintain a proportional ownership interest
in Afya pursuant to our Articles of Association).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Future transfers by holders of Class B common
shares will generally result in those shares converting to Class A common shares, subject to limited exceptions, such as certain transfers
effected to permitted transferees or for estate planning or charitable purposes. The conversion of Class B common shares to Class A common
shares will have the effect, over time, of increasing the relative voting power of those holders of Class B common shares who retain their
shares in the long term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In light of the above provisions relating to
the issuance of additional Class B common shares, the fact that future transfers by holders of Class B common shares will generally result
in those shares converting to Class A common shares, subject to limited exceptions as provided in the Articles of Association; as well
as the 10-to-one voting ratio of our Class B common shares and Class A common shares, holders of our Class B common shares will in many
situations continue to maintain control of all matters requiring shareholder approval. This concentrated control will limit or preclude
your ability to influence corporate matters for the foreseeable future. For a description of our dual class equity structure, see &ldquo;Item
10. Additional Information&mdash;B. Memorandum and Articles of Association&mdash;Description of Share Capital&mdash;Voting Rights.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We are a Cayman Islands exempted company with
limited liability. The rights of our shareholders, including with respect to fiduciary duties and corporate opportunities, may be different
from the rights of shareholders governed by the laws of U.S. jurisdictions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are a Cayman Islands exempted company with
limited liability. Our corporate affairs are governed by our Articles of Association and by the laws of the Cayman Islands. The rights
of shareholders and the responsibilities of members of our board of directors may be different from the rights of shareholders and responsibilities
of directors in companies governed by the laws of U.S. jurisdictions. In particular, as a matter of Cayman Islands law, directors of a
Cayman Islands company owe fiduciary duties to the company and separately a duty of care, diligence and skill to the company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Under Cayman Islands law, directors and officers
owe the following fiduciary duties: (i)&nbsp;duty to act in good faith in what the director or officer believes to be in the best interests
of the company as a whole; (ii)&nbsp;duty to exercise powers for the purposes for which those powers were conferred and not for a collateral
purpose; (iii)&nbsp;directors should not improperly fetter the exercise of future discretion; (iv)&nbsp;duty to exercise powers fairly
as between different sections of shareholders; (v)&nbsp;duty to exercise independent judgment; and (vi)&nbsp;duty not to put themselves
in a position in which there is a conflict between their duty to the company and their personal interests. Our Articles of Association
have varied this last obligation by providing that a director must disclose the nature and extent of his or her interest in any contract
or arrangement, and following such disclosure and subject to any separate requirement under applicable law or the listing rules of the
Nasdaq, and unless disqualified by the chairman of the relevant meeting, such director may vote in respect of any transaction or arrangement
in which he or she is interested and may be counted in the quorum at the meeting. Conversely, under Delaware corporate law, a director
has a fiduciary duty to the corporation and its stockholders (made up of two components) and the director&rsquo;s duties prohibit self-dealing
by a director and mandate that the best interest of the corporation and its shareholders take precedence over any interest possessed
by a director, officer or controlling shareholder and not shared by the shareholders generally. See &ldquo;Item 10. Additional Information&mdash;B.
Memorandum and Articles of Association&mdash;Description of Share Capital&mdash;Principal Differences between Cayman Islands and U.S.
Corporate Law.&rdquo;</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We may need to raise additional capital in the
future by issuing securities, use our Class A common shares as acquisition consideration or enter into corporate transactions with an
effect similar to a merger, which may dilute your interest in our share capital and affect the trading price of our Class A common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We may need to raise additional funds to grow
our business and implement our growth strategy going forward through public or private issuances of common shares or securities convertible
into, or exchangeable for, our common shares, which may dilute your interest in our share capital or result in a decrease in the market
price of our common shares. In addition, we may also use our Class A common shares as acquisition consideration or enter into mergers
or other similar transactions in the future, which may dilute your interest in our share capital or result in a decrease in the market
price of our Class A common shares. Any fundraising through the issuance of shares or securities convertible into or exchangeable for
shares, the use of our Class A common shares as acquisition consideration, or the participation in corporate transactions with an effect
similar to a merger, may dilute your interest in our capital stock or result in a decrease in the market price of our Class A common shares.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">As a foreign private issuer, we have different
disclosure and other requirements than U.S. domestic registrants and non-emerging growth companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a foreign private issuer, we are subject
to different disclosure and other requirements than domestic U.S. registrants. For example, as a foreign private issuer, in the United
States, we are not subject to the same disclosure requirements as a domestic U.S. registrant under the Exchange Act, including the requirements
to prepare and issue quarterly reports on Form 10-Q or to file current reports on Form 8-K upon the occurrence of specified significant
events, the proxy rules applicable to domestic U.S. registrants under Section 14 of the Exchange Act or the insider reporting and short-swing
profit rules applicable to domestic U.S. registrants under Section 16 of the Exchange Act. In addition, we rely on exemptions from certain
U.S. rules which permit us to follow Cayman Islands legal requirements rather than certain of the requirements that are applicable to
U.S. domestic registrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We follow Cayman Islands laws and regulations
that are applicable to Cayman Islands companies. However, Cayman Islands laws and regulations applicable to Cayman Islands companies do
not contain any provisions comparable to the U.S. proxy rules, the U.S. rules relating to the filing of reports on Form 10-Q or 8-K or
the U.S. rules relating to liability for insiders who profit from trades made in a short period of time, as referred to above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Furthermore, foreign private issuers are required
to file their annual report on Form 20-F within 120 days after the end of each fiscal year, while U.S. domestic issuers that are accelerated
filers are required to file their annual report on Form 10-K within 75 days after the end of each fiscal year. Foreign private issuers
are also exempt from Regulation Fair Disclosure, aimed at preventing issuers from making selective disclosures of material information,
although we will be subject to Cayman Islands laws and regulations having substantially the same effect as Regulation Fair Disclosure.
As a result of the above, even though we are required to file reports on Form 6-K disclosing the limited information which we have made
or are required to make public pursuant to Cayman Islands law, or are required to distribute to shareholders generally, and that is material
to us, you may not receive information of the same type or amount that is required to be disclosed to shareholders of a U.S. company.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">As a foreign private issuer, we rely on permitted
exemptions from certain Nasdaq corporate governance standards applicable to U.S. issuers, including the requirement that a majority of
an issuer&rsquo;s directors consist of independent directors. This may afford less protection to holders of our Class A common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Section 5605 of the Nasdaq equity rules requires
listed companies to have, among other things, a majority of their board members be independent, and to have independent director oversight
of executive compensation, nomination of directors and corporate governance matters. As a foreign private issuer, however, we are permitted
to, and we will, follow home country practice in lieu of the above requirements. See &ldquo;Item 10. Additional Information&mdash;B. Memorandum
and Articles of Association&mdash;Description of Share Capital&mdash;Principal Differences between Cayman Islands and U.S. Corporate Law.&rdquo;</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">We may lose our foreign private issuer status,
which would then require us to comply with the Exchange Act&rsquo;s domestic reporting regime and cause us to incur significant legal,
accounting and other expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In order to maintain our current status as
a foreign private issuer, either (a)&nbsp;more than 50% of our Class A common shares must be either directly or indirectly owned of record
by non-residents of the United States or (b)(i)&nbsp;a majority of our executive officers or directors may not be U.S. citizens or residents,
(ii)&nbsp;more than 50% of our assets cannot be located in the United States and (iii)&nbsp;our business must be administered principally
outside the United States. If we lose this status, we would be required to comply with the Exchange Act reporting and other requirements
applicable to U.S. domestic issuers, which are more detailed and extensive than the requirements for foreign private issuers. We may also
be required to make changes in our corporate governance practices in accordance with various SEC and Nasdaq rules. The regulatory and
compliance costs to us under U.S. securities laws if we are required to comply with the reporting requirements applicable to a U.S. domestic
issuer may be significantly higher than the costs we will incur as a foreign private issuer.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Our shareholders may face difficulties in protecting
their interests because we are a Cayman Islands exempted company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our corporate affairs are governed by our Articles
of Association, by the Companies Act (as revised) of the Cayman Islands and the common law of the Cayman Islands. The rights of our shareholders
and the fiduciary responsibilities of our directors under the laws of the Cayman Islands are not as clearly established as they would
be under statutes or judicial precedent in some jurisdictions in the United States. Therefore, you may have more difficulty protecting
your interests than would shareholders of a corporation incorporated in a jurisdiction in the United States, due to the comparatively
less formal nature of Cayman Islands law in this area.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">While Cayman Islands law allows a dissenting
shareholder to express the shareholder&rsquo;s view that a court-sanctioned reorganization of a Cayman Islands company would not provide
fair value for the shareholder&rsquo;s shares, Cayman Islands statutory law does not specifically provide for shareholder appraisal rights
in connection with a merger or consolidation of a company. This may make it more difficult for you to assess the value of any consideration
you may receive in a merger or consolidation or to require that the acquirer gives you additional consideration if you believe the consideration
offered is insufficient. However, Cayman Islands statutory law provides a mechanism for a dissenting shareholder in a merger or consolidation
to apply to the Grand Court of the Cayman Islands for a determination of the fair value of the dissenter&rsquo;s shares if it is not possible
for the company and the dissenter to agree on a fair price within the time limits prescribed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Shareholders of Cayman Islands exempted companies
(such as us) have no general rights under Cayman Islands law to inspect corporate records and accounts or to obtain copies of lists of
shareholders. Our directors have discretion under our Articles of Association to determine whether or not, and under what conditions,
our corporate records may be inspected by our shareholders, but are not obliged to make them available to our shareholders. This may make
it more difficult for you to obtain information needed to establish any facts necessary for a shareholder motion or to solicit proxies
from other shareholders in connection with a proxy contest.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">United States civil liabilities and certain Judgments
obtained against us by our shareholders may not be enforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are a Cayman Islands exempted company and
substantially all of our assets are located outside of the United States. In addition, the majority of our directors and officers are
nationals and residents of countries other than the United States. A substantial portion of the assets of these persons is located outside
of the United States. As a result, it may be difficult to effect service of process within the United States upon these persons. It may
also be difficult to enforce in U.S. courts judgments obtained in U.S. courts based on the civil liability provisions of the U.S. federal
securities laws against us and our officers and directors who are not resident in the United States and the substantial majority of whose
assets are located outside of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Further, it is unclear if original actions
predicated on civil liabilities based solely upon U.S. federal securities laws are enforceable in courts outside the United States, including
in the Cayman Islands and Brazil. Courts of the Cayman Islands may not, in an original action in the Cayman Islands, recognize or enforce
judgments of U.S. courts predicated upon the civil liability provisions of the securities laws of the United States or any state of the
United States on the grounds that such provisions are penal in nature. Although there is no statutory enforcement in the Cayman Islands
of judgments obtained in the United States, courts of the Cayman Islands will recognize and enforce a foreign judgment of a court of
competent jurisdiction if such judgment is final, for a liquidated sum, provided it is not in respect of taxes or a fine or penalty,
is not inconsistent with a Cayman Islands&rsquo; judgment in respect of the same matters, and was not obtained in a manner which is contrary
to the public policy of the Cayman Islands. In addition, a Cayman Islands court may stay proceedings if concurrent proceedings are being
brought elsewhere.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Judgments of Brazilian courts to enforce our
obligations with respect to our Class A common shares may be payable only in reais.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Most of our assets are located in Brazil. If
proceedings are brought in the courts of Brazil seeking to enforce our obligations in respect of our Class A common shares, we may not
be required to discharge our obligations in a currency other than the <I>real.</I> Under Brazilian exchange control laws, an obligation
in Brazil to pay amounts denominated in a currency other than the <I>real </I>may only be satisfied in Brazilian currency at the exchange
rate, as determined by the Central Bank, in effect on the date the judgment is obtained, and such amounts are then adjusted to reflect
exchange rate variations through the effective payment date. The then-prevailing exchange rate may not afford non-Brazilian investors
with full compensation for any claim arising out of or related to our obligations under the Class A common shares.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Our Class A common shares may not be a suitable
investment for all investors, as investment in our Class A common shares presents risks and the possibility of financial losses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The investment in our Class A common shares
is subject to risks. Investors who wish to invest in our Class A common shares are thus subject to asset losses, including loss of the
entire value of their investment, as well as other risks, including those related to our Class A common shares, us, the sector in which
we operate, our shareholders and the general macroeconomic environment in Brazil, among other risks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Each potential investor in our Class A common
shares must therefore determine the suitability of that investment in light of its own circumstances. In particular, each potential investor
should:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>have sufficient knowledge and experience to make a meaningful evaluation of our Class A common shares, the merits and risks of investing
in our Class A common shares and the information contained in this annual report;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>have access to, and knowledge of, appropriate analytical tools to evaluate, in the context of its particular financial situation,
an investment in our Class A common shares and the impact our Class A common shares will have on its overall investment portfolio;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>have sufficient financial resources and liquidity to bear all of the risks of an investment in our Class A common shares;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>understand thoroughly the terms of our Class A common shares and be familiar with the behavior of any relevant indices and financial
markets; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>be able to evaluate (either alone or with the help of a financial adviser) possible scenarios for economic, interest rate and other
factors that may affect its investment and its ability to bear the applicable risks.</TD></TR></TABLE>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">There can be no assurance that we will not be
a passive foreign investment company, or PFIC, for any taxable year, which could subject United States investors in our Class A common
shares to significant adverse U.S. federal income tax consequences.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 12pt; text-indent: 0.5in">Under the Internal Revenue Code of 1986,
as amended (the &ldquo;Code&rdquo;), we will be a PFIC for any taxable year in which, after the application of certain look-through rules
with respect to subsidiaries, either (i) 75% or more of our gross income consists of &ldquo;passive income,&rdquo; or (ii) 50% or more
of the average quarterly value of our assets consists of assets that produce, or are held for the production of, &ldquo;passive income.&rdquo;
Passive income generally includes dividends, interest, certain non-active rents and royalties, and capital gains. Cash is a passive asset
for these purposes. Goodwill is an active asset to the extent attributable to activities that produce active income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Based on the composition of our income and
assets and the value of our assets, including goodwill, which is based on the price of our Class A common shares, we believe that we were
not a PFIC for the taxable year of 2020.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">However, because we hold a substantial amount of cash (relative
to the assets shown on our balance sheet) and because our PFIC status for any taxable year will depend on the composition of our income
and assets and the value of our assets from time to time (which may be determined, in part, by reference to the market price of our Class
A common shares, which could be volatile), there can be no assurance that we will not be a PFIC for any taxable year. If our Class A common
share price declines while we continue to hold a substantial amount of cash for any taxable year, our risk of being or becoming a PFIC
will increase. If we are a PFIC for any taxable year during which a U.S. investor holds Class A common shares, we generally would continue
to be treated as a PFIC with respect to that U.S. investor for all succeeding years during which the U.S. investor holds Class A common
shares, even if we ceased to meet the threshold requirement for PFIC status. Such a U.S. investor may be subject to certain adverse U.S.
federal income tax consequences. See &ldquo;Item 10. Additional Information&mdash;10.E. Taxation&mdash;U.S. Federal Income Tax Considerations&mdash;Passive
Foreign Investment Company Rules.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_011"></A>ITEM 4. INFORMATION ON THE COMPANY</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_012"></A>A.<FONT STYLE="font-weight: normal">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>History
and Development of the Company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Afya Limited is a publicly held company listed
on the Nasdaq since July 2019, and therefore subject to certain reporting requirements of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We were incorporated on March 22, 2019 as a
Cayman Islands exempted company with limited liability duly registered with the Cayman Islands Registrar of Companies. Our corporate purposes
are unrestricted and we have the authority to carry out any object not prohibited by law as provided by Section 7(4) of the Companies
Act (as revised) of the Cayman Islands, or the Companies Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our affairs are governed principally by (i)&nbsp;our
Memorandum and Articles of Association; (ii)&nbsp;the Companies Act; and (iii)&nbsp;the common law of the Cayman Islands. As provided
in our Memorandum and Articles of Association, subject to Cayman Islands law, we have full capacity to carry on or undertake any business
or activity, do any act or enter into any transaction, and, for such purposes, full rights, powers and privileges. Our registered office
is c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The SEC maintains an internet site (http://www.sec.gov)
that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our internet address is https://ir.afya.com.br/.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Our History</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; text-align: center"><IMG SRC="afyaform20f2020_001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We founded Afya Brazil with the goal of revolutionizing
medical education in Brazil by providing a more effective, individualized and intuitive learning experience. In order to achieve that,
we have assembled institutions that collectively will help us fulfill our mission. The combination of Afya Brazil, one of the largest
Brazilian medical education groups, and Medcel, one of the leaders in residency
exams preparatory courses, was the first step towards achieving our goal.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Afya benefits from over 20 years of medical
education experience through Afya Brazil and Medcel, both of which were founded and managed by physicians, with a focus on academic excellence
and deep roots in technology and innovation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We were founded in 1999 with the opening of
our first medical school, Centro Universit&aacute;rio ITPAC, by the Esteves Family, a family of medical professionals with a passion for
medical education. Since its inception, our focus has been medical and related health courses. As of December 31, 2019, 8,306 physicians
had graduated with us since the founding of our predecessor companies. Over the last decade, Afya Brazil grew into a large medical education
group, with several campuses and as of December 31, 2020, had over 53,426 students, of which 28,250 were health-related students and 14,851
were non-health related students.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Medcel, that was incorporated to Afya Brazil
in 2019, was founded by Dr. Atilio Barbosa in 2004, a pioneer in online medical preparatory courses. In 2007, Medcel launched a proprietary
platform to broadcast online classes. Over the years, Medcel evolved from its online platform into an adaptive digital learning environment
where students can access digital media, watch medical case studies, listen to podcasts and answer personalized quizzes. Finally, in 2018,
Medcel began offering its high-quality tech-enabled content in different formats and to other academic institutions. As of December 31,
2020, Medcel had 13,039 enrolled students and provided residency preparatory courses to six partner institutions, as part of our B2B distribution
network.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In 2016, the private equity group Crescera
Investimentos (formerly Bozano Investimentos) joined forces with Afya Brazil and Medcel, laying out the foundations for the creation of
the largest medical education group in Brazil. See &ldquo;&mdash;BR Health Investment in Afya Brazil,&rdquo; below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The industry expertise of the founders of Afya
Brazil and Medcel combined with the governance and financial support of Crescera Investimentos allowed the group to dive deeper into its
mission as a thematic educational service provider focused on the lifelong learning career of physicians in Brazil. We achieve this through
the production and distribution of high-quality content through technology.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In order to achieve our goals, we have laid
the foundations of Afya focusing on a four-step process:</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Management Professionalization</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our highly skilled and experienced management
team has extensive experience in the education industry and were hired from some of the best health, education and technology institutions
in Brazil. Our management team is part of a company-wide strategy to attract and retain the best talent. Our CEO, Virgilio Deloy Capobianco
Gibbon, has over 11 years of experience in education. Our CFO, Luis Andr&eacute; Blanco, has over 10 years of experience as CFO, and J&uacute;lio
De Angeli, our Continuing Education and Innovation Vice President, has 25 years of experience in education.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Integration of Processes &amp; Services</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In order to create synergies, we have developed
several initiatives to improve operational efficiency and to integrate processes across all our campuses and operations. Our high standard
Shared Services Center and Integrated Systems (ERP + Academic System + Learning Management System) went live in October 2017. These initiatives
will help us grow our student base and keep our marginal costs low.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In 2017, we began to rollout the integration
of the educational curriculum throughout all medical school units. This rollout begins with the new entrants curriculum and will be fully
completed as the course matures its students. Accordingly, we have been streamlining the teaching methodology and quality across our undergraduate
medical courses. Since the second half of 2019, all undergraduate medical students have access to our fully integrated Educational Curriculum.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Continuing Innovation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We take a blended approach to our methodology,
integrating in-person teaching with online tools and features. By integrating face-to-face and online features through data collection
and analysis, we are able to individualize the student experience at all times. Through seven key initiatives, we create a 100% student-centric
ecosystem. These initiatives include: Medical content mapping, proprietary methodological assembly, significant learning experiences,
comprehensive adaptive learning, daily learning process evaluation, and practical learning and knowledge.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Organic Growth and Entry into Adjacent Markets</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In 2018, the MEC awarded new licenses to Afya
Brazil, allowing it, subject to the verification by the MEC of the satisfactory implementation by Afya Brazil of all regulatory requirements,
to operate seven new medical schools through the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; program, with an aggregate amount of 350 new
medical school seats per year. We expect these new campuses to be operational by 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On October 2, 2020, we announced that the Secretary
of Regulation and Supervision of Higher Education of the MEC granted authorization to Afya operate the undergraduate medicine course in
Santa In&ecirc;s in the State of Maranh&atilde;o, under <I>Mais M&eacute;dicos II</I> program. This medical school is the first authorized
in connection with the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; program for Afya and will contribute 50 seats to operating seats base.
Santa In&ecirc;s is one of the seven undergraduate campuses Afya was awarded in 2018 in connection with the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo;
program, the largest number awarded to any education group.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On December 30, 2020, the Secretary of Regulation
and Supervision of Higher Education of the MEC granted the authorization to Afya operate the undergraduate medicine course in Cruzeiro
do Sul in the State of Acre, under <I>Mais M&eacute;dicos II </I>program. This medical school is the second authorized school in connection
with the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; program for Afya and will contribute 50 seats to our operating seats base. Cruzeiro
do Sul is one of the seven undergraduate campuses Afya was awarded in 2018 in connection with the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo;
program, the largest number awarded to any education group.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On May 9, 2019, we consummated the acquisition
of IPEMED, marking our entry into the medical graduate and specialization segment. IPEMED is a leading medical graduate school founded
over 13 years ago, with over 1,500 students in seven different campuses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The acquisitions of PEBMED, MedPhone, iClinic,
Medicinae, Medical Harbour and Cliquefarma marked our entry in the digital health services sector, complementing our end-to-end offering
to healthcare professionals. For more information on PEBMED, MedPhone, iClinic, Medicinae, Medical Harbour and Cliquefarma, see &ldquo;&mdash;B.
Business Overview.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">BR Health Investment in Afya Brazil</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In 2016, BR Health (which merged into Afya
Brazil on March 29, 2019) acquired a 30% interest in the share capital of Afya Brazil from certain members of the Esteves family (which
has since increased to 41.5% following share capital increases and the subscription of new shares by BR Health). The acquisition was secured
by the following guarantees by certain members of the Esteves family members (and/or companies controlled by them at the time) in favor
of BR Health with respect to certain indemnification obligations of certain members of the Esteves family members: (i)&nbsp;a fiduciary
assignment of 70% of certain educational services credit rights of IESVAP up to August 2022, (ii)&nbsp;a pledge of shares pursuant to
which Nicolau Carvalho Esteves pledged 308,998 common shares owned by him in Afya Brazil, and Ros&acirc;ngela de Oliveira Tavares Esteves
pledged 92,859 common shares owned by her in Afya Brazil, valid up to April 2024 and which can be partially released on certain dates
subject to certain conditions being met, and (iii)&nbsp;mortgages <I>(hipotecas)</I> over land located in Aragua&iacute;na and Porto Nacional
in the State of Tocantins. Certain of the guarantees were amended in 2018 to cover certain Esteves family indemnification obligations
in connection with the IPTAN and IESVAP transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On March 28, 2019, prior to the merger of BR
Health into Afya Brazil, BR Health assigned the guarantees described above to Crescera, and Crescera and certain members of the Esteves
family renegotiated the guarantees, which are composed of: (i)&nbsp;a pledge of shares pursuant to which Ros&acirc;ngela de Oliveira Tavares
Esteves pledged 2,497,275 shares owned by her in Univa&ccedil;o Patrimonial Ltda., (ii)&nbsp;mortgages (<I>hipotecas</I>) over land located
in Aragua&iacute;na and Porto Nacional in the State of Tocantins, and (iii)&nbsp;a fiduciary assignment of land located in Parna&iacute;ba,
in the State of Piau&iacute;, and in Palmas, in the State of Tocantins.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Our Pre-IPO Corporate Reorganization</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Prior to the consummation of our initial public
offering, certain members of the Esteves Family, Crescera, other members of the Esteves family and the other shareholders of Afya Brazil,
or the Afya Brazil Minority Shareholder Group, contributed all of their shares in Afya Brazil to us. In return for this contribution,
we issued 58,485,140 new Class B common shares to Nicolau Carvalho Esteves, Ros&acirc;ngela de Oliveira Tavares Esteves and Crescera and
17,370,248 new Class A common shares to the other members of the Esteves family and the Afya Brazil Minority Shareholder Group, in each
case in a one-to-28 exchange for the shares of Afya Brazil contributed to us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On March 29, 2019, BR Health (a wholly-owned
subsidiary of Crescera that controlled Guardaya), and Guardaya (which owns 100% of Medcel Editora and CBB Web) merged into Afya Brazil,
resulting in the transfer to Afya Brazil of 100% of Medcel Editora and CBB Web and 15% of Uni&atilde;o Educacional do Planalto Central
S.A., or UEPC, a medical school located in the Federal District.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Additionally, on June 18, 2019, Afya Brazil
acquired an additional 15% interest in UEPC through a contribution by Crescera of its additional 15% interest in UEPC into Afya Brazil&rsquo;s
share capital. The purchase price was R$24.5 million. This contribution was conducted as part of our corporate reorganization and pursuant
to the terms and conditions of (i)&nbsp;a purchase agreement between BR Health and UEPC&rsquo;s controlling shareholders, which was assigned
by BR Health to Crescera on March 25, 2019, and which required Crescera to acquire the 15% interest in UEPC directly from UEPC&rsquo;s
controlling shareholders, and (ii)&nbsp;an investment agreement dated March 29, 2019, among Crescera, certain members of the Esteves family,
certain minority shareholders and Afya Brazil, pursuant to which Crescera agreed to subsequently contribute its additional 15% interest
in UEPC into Afya Brazil&rsquo;s share capital in exchange for a certain number of shares in Afya Brazil, to be calculated at the time
of the contribution in accordance with the calculation formula set forth in the investment agreement.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Roll-up transactions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On June 14, 2019, we concluded the roll-up
of the minority shareholders of FASA to Afya Brazil. On June 16, 2019, we concluded the roll-up of the minority shareholders of IESP to
Afya Brazil. On June 17, 2019, we concluded the roll-up of the minority shareholders of UNIVA&Ccedil;O to Afya Brazil. See &ldquo;Item
4. Information of the Company&mdash;C. Organizational Structure&mdash;&rdquo; for our current corporate structure.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Pre-IPO Acquisitions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Please see &ldquo;&mdash;Business Overview&mdash;Our
Recent Acquisitions&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Initial Public Offering and Recent Equity Follow-on Offering</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In July 2019, we completed our initial public
offering, in which we sold an aggregate of 15,805,841 of our Class A common shares at a public offering price of US$19.00 per common share.
We received approximately US$242.7 million of net proceeds from our initial public offering (i.e., after deducting underwriting discounts,
commissions and offering expenses). Our shares began trading on the Nasdaq Global Select Market on July 19, 2019, under the symbol &ldquo;AFYA.&rdquo;
In February 2020, we completed an equity follow-on offering, in which we sold an aggregate of 3,260,480 of our Class A common shares at
a public offering price of US$27.50 per common share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We received approximately US$86.6 million of
net proceeds from our follow-on offering (i.e., after deducting underwriting discounts, commissions and offering expenses).</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Post-IPO Acquisitions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Please see &ldquo;&mdash;Business Overview&mdash;Our
Recent Acquisitions&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">SoftBank Investment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On April 26, 2021, we announced that the SoftBank
Latin America Fund, or SoftBank, has agreed to purchase R$822 million, equivalent to US$150 million, of Afya&rsquo;s Series A perpetual
convertible preferred shares set forth on the Company's relevant certificate of designations, subject to customary closing conditions.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, Crescera Educacional II Fundo
de Investimento em Participa&ccedil;&otilde;es Multiestrat&eacute;gia and the Esteves Family have agreed to sell 2,270,208 Class A common
shares to SoftBank. In connection with such sale, Paulo Passoni from SoftBank will be appointed as a board member of Afya within the next
30 days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The key terms of the perpetual convertible
preferred shares are: (i) 6.5% per annum cumulative dividend payable quarterly and in Brazilian reais (payable in U.S. Dollar in Brazilian
reais equivalent); (ii) SoftBank shall have the right at any time, to convert its Series A Preference Shares into 5,917,888 common shares,
established at US$25.35; (iii) SoftBank shall have the right to redeem any time after the 5<SUP>th</SUP> year anniversary at 105% premium;
and (iv) Afya will have the right to force conversion after the 3<SUP>rd</SUP> year anniversary if forced conversion trigger conditions
are satisfied.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">SoftBank and its affiliates will beneficially
own approximately 8.4% of the total shares of the company (on an as-converted basis for the Series A perpetual convertible preferred shares).</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Principal Capital Expenditures</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We made capital expenditures (consisting of
purchase of property and equipment and intangible assets) of R$137.6 million, R$121.7 million and R$21.7 million in 2020, 2019 and 2018,
respectively. During these years, our capital expenditures mainly included expenditures related to the expansion and maintenance of our
campuses and headquarters including leasehold improvements, the integration of our acquisitions, the implementation of our shared services
center, and the development of the project that led to the certification of seven new greenfield medical schools as part of the &ldquo;<I>Mais
M&eacute;dicos</I>&rdquo; program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For 2021, we have budgeted capital expenditures
of R$157.1 million, mostly to support the growth in our business and operations. We expect to meet our capital expenditure needs for the
foreseeable future from our operating cash flow and our existing cash and cash equivalents. Our future capital requirements may be adjusted
from time to time as they depend on several factors, including our growth rate, the expansion of our research and development efforts,
employee headcount, marketing and sales activities, the introduction of new features to our existing products, the continued market acceptance
of our products, and any impact on our business of the COVID-19 pandemic and measures taken in response. See &ldquo;Item 3. Key Information&mdash;D.
Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;Public health outbreaks, epidemics or pandemics, such as
the COVID-19 pandemic, have adversely affected and may continue to adversely affect our business.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_013"></A>B.<FONT STYLE="font-weight: normal">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Business
Overview</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are the leading medical education group
in Brazil based on number of medical school seats, as published by MEC as of December 31, 2020 delivering an end-to-end physician-centric
ecosystem that serves and empowers students to be lifelong medical learners from the moment they join us as medical students through their
medical residency preparation, graduation program, medical post-graduate specialization programs and continuing medical education activities,
or CME, including through digital health services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our innovative methodological approach combines
integrated content, interactive learning, and an adaptive experience for lifelong medical learners. Through our educational content and
technology-enabled activities, we focus on effective, personalized learning that mirrors one-on-one tutoring.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We have the largest medical education footprint
in Brazil. Our undergraduate and graduate campuses are spread across 12 Brazilian states, and our digital medical platform is available
across Brazil. As of December 31, 2020, our network of 24 undergraduate and graduate medical school campuses consisted of 19 operating
units (units that have been approved by MEC and that have commenced operations) and five approved units (units that have been approved
by MEC but that have not yet commenced operations), compared to 12 and 9 operating units as of December 31, 2019 and as of December 31,
2018, respectively. As of December 31, 2020, our network of 2,143 medical school seats consisted of 1,893 operating seats (seats that
have been approved by MEC and that have commenced operations) and 250 approved seats (seats that have been approved by MEC but that have
not yet commenced operations), compared to 1,222 and 917 operating seats as of December 31, 2019 and as of December 31, 2018, respectively.
We plan to expand our network by opening, subject to the verification by the MEC of the satisfactory implementation by Afya Brazil of
all regulatory requirements, the seven approved medical school campuses we were awarded in connection with the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo;
program (the Brazilian federal government initiative to reduce shortages of doctors in the most underserved and vulnerable regions of
Brazil) by December 31, 2021, taking our total to 24 operating medical school campuses in
12 Brazilian states and approximately 2,143 available medical school seats per year.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Following our acquisition of Medcel in the
first quarter of 2019 and IPEMED in the second quarter of 2019, we also offer residency preparatory courses and medical postgraduate specialization
programs, delivering printed and digital content, an online medical education platform and practical medical training.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The acquisition of PEBMED, Medphone, iClinic,
Medicinae, Medical Harbour and Cliquefarma marked our entry in the digital health services sector, complementing our end-to-end offering
to healthcare professionals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Through PEBMED, we acquired three different
products: (i)&nbsp;Whitebook, a mobile and web application that assists doctors and medical professionals in clinical daily decision-making;
(ii)&nbsp;Nursebook, a mobile application that assists nurses in clinical decision-making; and (iii)&nbsp;Portal PEBMED, a website that
offers free content, including opinions, papers and updates in connection with medical news and scientific publications. PEBMED has more
than 162,000 monthly active users on the Whitebook and Nursebook platforms and approximately 4 million monthly visitors to Portal PEBMED.
The acquisition expanded our products and services offerings and offers significant cross-sell and upsell opportunities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><FONT STYLE="background-color: white">MedPhone
is a clinical decision and leaflet consultation app in Brazil, that helps physicians, medical students and other healthcare professionals
to make faster and more accurate decisions on a daily basis. MedPhone has more than 175,000 registered users and more than 58,000 monthly
active users, with a NPS of 75. The app has more than 9,100 reviews in the AppStore with a 4.9 out of 5 score.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><FONT STYLE="background-color: white">iClinic
is a SaaS model physician focused technology company and one of the leading medical practice management software in Brazil. They seek
to empower doctors to be more independent and have more control over their careers by digitalizing their daily routine, so they can increase
their productivity and deliver better healthcare services. Their portfolio includes: (i)&nbsp;</FONT>Electronic Medical Record: first
electronic medical record as a SaaS model in Brazil focused on the physician experience; (ii)&nbsp;Clinical Management System: with this
software doctors can schedule patients online, organize their financial records, use marketing tools to promote their clinics and others;
(iii)&nbsp;Telemedicine: platform to provide online consultations fully integrated with doctor&rsquo;s schedule and records; and (iv)&nbsp;Physicians
Marketplace: website that connects doctors and patients to schedule consultations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><FONT STYLE="background-color: white">As of
December 31, 2020, the software had more than 10,200 monthly active users. The platform is currently used for more than 852,000 medical
consultations per month, which around 5,450 were through telemedicine and prescribed more than 363,500 electronic medical prescriptions
and 69,000 image exams and lab tests per month. The database created in the platform through this performance has more than 19 million
registered patients.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Medicinae is a healthcare technology company
specialized in healthcare payments and financial services. It offers a financial platform that allows healthcare professionals to manage
receivables in an efficient and scalable way using FIDC (receivables investment fund). We believe Medicinae relieves a number of challenges
in the healthcare payments industry, by reducing long payment cycles for professionals and consolidates financial information, improving
the consumer financial experience. Medicinae has more than 1,440 registered users.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Medical Harbour offers educational health and
medical imaging solutions through an interactive platform for anatomical study, 3D virtual dissection and analysis of medical images,
which allow the exploration, and knowledge of human anatomy with digital resources: (i)&nbsp;educational health solutions: Athena Hub
specialized in anatomy was created to support dynamic teaching and allow physicians, teachers and students to interact and manipulate
a real human body on a digital platform. Considering the high prices, restriction policies and difficulty on maintaining a human body
for anatomy classes, Athena Hub allows students to interact with a digital human body instead of the aged and degenerate bodies for educational
purposes. The solution count with virtual body, anatomy modules, and real exam analysis with photorealistic rendering. Over 50 universities
in Brazil are using the solution; and (ii)&nbsp;medical imaging solutions: Athena DICOM and MH Cloud specialized in medical imaging with
a range of products that simplifies radiology and teleradiology. Allow physicians to visualize, manipulate, share and store medical imaging
with the certification of ANVISA (Brazilian Health Agency). The solution has over 54,200 downloads in 180 countries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Cliquefarma is a healthtech company operating
a free-to-use website that tracks prescription drugs, cosmetics and personal hygiene product prices in Brazil. Users of Cliquefarma can
search for medications or healthcare products and compare prices from over 5,000 pharmacies in Brazil. The traffic generated is monetized
through a cost-per-click model, where drugstores pay for each click on their ads. In 2020, Cliquefarma generated traffic of 20 million
visitors.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition to health sciences courses, which
comprise medicine, dentistry, nursing, radiology, psychology, pharmacy, physical education, physiotherapy, nutrition and biomedicine,
we also offer degree programs and courses in other subjects and disciplines across several of our campuses, including undergraduate and
post graduate courses in business administration, accounting, law, civil engineering, industrial engineering and pedagogy. These non-health
courses are not part of our core business, although the number of non-health sciences courses we offer has increased as a consequence
of our strategic acquisitions in 2020, 2019 and 2018 of multi-disciplinary schools with strong health sciences programs, which are our
principal focus. Although non-health courses are not part of our growth strategy, we expect to continue to offer them to the extent they
generate local demand. Following our acquisition of Medcel in the first quarter of 2019 and IPEMED in the second quarter of 2019, we also
offer residency preparatory courses and medical post-graduate specialization programs, delivering printed and digital content, an online
medical education platform and practical medical training.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, we had 36,206 enrolled
students, compared to 23,969 enrolled students as of December 31, 2019, representing an increase of 51.1% for the period, and compared
to 19,720 enrolled students as of December 31, 2018, representing an increase of 21.5% for the period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our business model is characterized by high
revenue visibility and operating leverage. Over 90% of our historical revenue for the years ended December 31, 2020, 2019 and 2018 was
composed of the monthly tuition fees we charge students enrolled in our undergraduate and graduate courses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our ability to execute our business model and
strategy, primarily through our (i)&nbsp;acquisitions (which represented approximately 54.0% of our total growth in terms of net revenue
in 2020, 62.0% of our total growth in terms of net revenue in 2019 and 64% of our total growth in terms of net revenue in 2018) and (ii)&nbsp;organic
growth (which represented approximately 46.0% of our total growth in terms of net revenue in 2020, 39.0% of our total growth in terms
of net revenue in 2019 and 36% of our total growth in terms of net revenue in 2018), has led to growth, profitability and cash generation:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Our net revenue totaled R$1,201.2 million, R$750.6 million and R$333.9 million in 2020, 2019 and 2018, respectively, representing
a compound annual growth rate, or CAGR, of 89.7% since 2018;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Medical schools tuition fees represented 73.7%, 69.3% and 73.3% of our historical undergraduate programs combined tuition fees in
2020, 2019 and 2018, respectively. The average monthly ticket for medical school tuition fees was R$7,975 for year ended December 31,
2020, which represents an increase of 9.1% from R$7,311 for year ended December 31, 2019, which represents an increase of 23.4% from the
R$6,269 average monthly ticket for medical school tuition fees for the year ended December 31, 2018;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Residency preparatory course, continuing medical education, medical post graduate specialization programs offerings and digital services
totaled R$200.3 million and R$100.8 million in net revenue for the years ended December 31, 2020 and 2019, respectively;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>We generated net income of R$308.0 million, R$172.8 million and R$94.7 million in 2020, 2019 and 2018, respectively, representing
a CAGR of 80.3% since 0218;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Our Adjusted EBITDA totaled R$563.1 million, R$331.2 million and R$119.9 million in 2020, 2019 and 2018, respectively, representing
a CAGR of 116.7% since 2018;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Our Operating Cash Conversion Ratio was 75.7%, 100.5% and 75.1% for the years ended December 31, 2020, 2019 and 2018, respectively.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Quality is a cornerstone of our value proposition.
As of December 2020, our average Institutional Concept score, which is measured and published by MEC, and is based on certain institutional
planning and development, academic, and management criteria, was 4.4 on a scale of 1 to 5, compared to the Brazilian average of 3.5.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In 2018, we were also awarded seven new undergraduate
campuses in connection with the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; program, the largest number awarded to any education group, with
a total of 350 new medical school seats. The operation of certain of these campuses was subject to the verification by MEC of the satisfactory
implementation by Afya Brazil of all regulatory requirements. As of the date of this annual report, two of these campuses are already
in operation. See &ldquo;Item 4. Information on the Company&mdash;Business Overview&mdash;Our Geographic Presence.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Our Recent Acquisitions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The entry point to a medical career begins
in undergraduate institutions, so part of our mission is to consolidate this market. Accordingly, expanding our operations through acquisitions
has been a key component of our growth strategy. We have been able to apply our operating business model to our acquisitions, allowing
us to add quality, value and increase profitability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, we have equipped ourselves through
key initiatives for strategic and relevant acquisitions to our portfolio, including: the creation of a Shared Services Center dedicated
to serve our campuses and run our integration processes, the centralization of content creation and the creation of a dedicated sales
team for each market we operate in.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our recent acquisitions include:</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">IPTAN and IESVAP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On January 11, 2018, certain members of the
Esteves family, BR Health and Afya Brazil entered into an investment and purchase agreement providing for (a)&nbsp;an initial Afya Brazil
capital increase which was paid: (i)&nbsp;by certain members of the Esteves family with the contribution of the ownership interest held
by certain members of the Esteves family in IPTAN and IESVAP in an amount equal to R$11.6 million; and (ii)&nbsp;by BR Health through
a cash contribution in an amount equal to R$55.0 million, followed by (b)&nbsp;a sale by certain members of the Esteves family to BR Health
of shares in Afya Brazil for a purchase price equal to R$37.5 million. The transaction was consummated on April 26, 2018 and the aggregate
purchase price was R$200.3 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">IPTAN is a post-secondary education institution
located in the city of S&atilde;o Jo&atilde;o Del Rei, in the State of Minas Gerais. It offers on campus post-secondary undergraduate
and graduate education courses in medicine and other academic subjects and disciplines. IPTAN contributed 49 undergraduate medical seats
to Afya.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">IESVAP is a post-secondary education institution
located in the city of Parna&iacute;ba, in the State of Piau&iacute;. It offers on-campus post-secondary undergraduate education courses
in medicine, dentistry and law. IESVAP contributed 80 undergraduate medical seats to Afya.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">CCSI</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On May 30, 2018, Afya Brazil acquired control
of CCSI, through the acquisition of 60% of CCSI. CCSI is a post-secondary education institution located in the city of Itajub&aacute;,
in the State of Minas Gerais. It offers on-campus post-secondary undergraduate courses in medicine. This acquisition was strategic to
Afya Brazil. The purchase price paid by Afya Brazil amounted to R$39.0 million, of which (i)&nbsp;R$9.2 million was paid in cash on the
acquisition date, and (ii)&nbsp;R$29.8 million is being paid through several monthly installments, which are adjusted by the IGP-M rate,
and which last installment is due in May 2019.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">IESP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On November 27, 2018, Afya Brazil acquired
control of IESP, through the acquisition of 80.0% of IESP. IESP is a post-secondary education institution located in the city of Teresina,
in the State of Piau&iacute;. It offers on-campus undergraduate medicine courses and a variety of other on-campus and distance learning
post-secondary undergraduate and graduate education programs. This acquisition was strategic to Afya Brazil. The purchase price paid by
Afya Brazil amounted to R$248.9 million, of which (i)&nbsp;R$129.8 million paid in cash on acquisition date; (ii)&nbsp;R$4.0 million was
paid in December 2018; (iii)&nbsp;R$8.9 million was paid in February 2019; and (iv)&nbsp;R$106.2 million is payable in three equal installments
of R$35.4 million due on November 27, 2019, November 27, 2020 and November 27, 2021, respectively, adjusted by the CDI rate and customary
purchase price adjustment mechanisms.</P>


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<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">FADEP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On December 5, 2018, Afya Brazil acquired control
of FADEP, through the acquisition of 100% of RD Administra&ccedil;&atilde;o e Participa&ccedil;&atilde;o Ltda, which has a 89% interest
in FADEP and Afya Brazil also acquired 11% interest in FADEP from the selling shareholder. FADEP is a post-secondary education institution
located in the city of Pato Branco, in the State of Paran&aacute;. It offers on-campus post-secondary undergraduate and graduate education
courses in medicine and other academic subjects and disciplines. The acquisition of FADEP represented an opportunity for Afya Brazil to
achieve greater scale and to expand its operations to the southern region of Brazil.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The purchase price paid by Afya Brazil amounted
to R$133.0 million, of which (i)&nbsp;R$80.1 million was paid in cash on the acquisition date; and (ii)&nbsp;R$18.2 million was paid in
June 2019 (iii)&nbsp;R$18.7 million was paid in December 2019 and (iv)&nbsp;R$19.1 million was paid in June 2020, as adjusted by the SELIC
rate.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Medcel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On March 29, 2019, (i)&nbsp;BR Health, a wholly-owned
subsidiary of Crescera that controlled Guardaya; and (ii)&nbsp;Guardaya which owns 100% of Medcel Editora and CBB Web, were merged into
Afya Brazil, resulting in the transfer to Afya Brazil of 100% of Guardaya, Medcel Editora and CBB Web shares. In connection with this
transaction, 15% of UEPC&rsquo;s shares were also acquired by Afya Brazil. Afya Brazil issued 378,696 Class B common shares as a consideration
for the interest held by Crescera in BR Health and Guardaya. The fair value of the purchase consideration was R$259.1 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Additionally, on June 18, 2019, Afya Brazil
acquired an additional 15% interest in UEPC through a contribution by Crescera of its additional 15% interest in UEPC into Afya Brazil&rsquo;s
share capital. UEPC is a medical school and has 120 undergraduate medical seats. UEPC also offers courses in business administration,
architecture, accounting, law, physical education, nursing, civil engineering, pharmacy, physical therapy, veterinary medicine, nutrition,
dentistry, pedagogy and psychology, among others.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">FASA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On February 12, 2019, Afya Brazil entered into
a purchase agreement with the shareholders of FASA providing for the acquisition of 90% of FASA by Afya Brazil. FASA is a post-secondary
education institution with campuses located in the States of Bahia and Minas Gerais. It offers on-campus postsecondary undergraduate
courses in medicine. The FASA transaction was consummated on April 3, 2019. The purchase price was R$201.6 million, of which (i)&nbsp;R$102.3
million was paid in cash on the acquisition date; (ii)&nbsp;R$ 39.7 million was paid in April 2020; (iii)&nbsp;R$29.8 million was paid
in April 2021; and (iv)&nbsp;R$29.8 million is payable in April 2022, adjusted by the IPCA rate <I>plus</I> 4.1% per year and customary
purchase price adjustment mechanisms. On June 14, 2019, we concluded the roll-up of the minority shareholders of FASA to Afya Brazil.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">IPEMED</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On May 9, 2019, Afya Brazil acquired control
of IPEMED, through the acquisition of 100% of its shares. IPEMED is a post-secondary education institution with campuses located in the
States of Bahia, Minas Gerais, Rio de Janeiro, S&atilde;o Paulo and in the Distrito Federal. It focuses on medical graduate programs.
The purchase price was R$97.5 million, of which: (i)&nbsp;R$ 25.0 million was paid in cash as advance through April 2019; (ii)&nbsp;R$27.2
million was paid in cash on the acquisition date; and (iii)&nbsp;R$45.3 million is payable in five annual installments due from February
2020 through February 2024 adjusted by the CDI rate and customary purchase price adjustment mechanisms.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">IPEC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On August 13, 2019, Afya Brazil acquired 100%
of the share capital of IPEC, which at the time of the acquisition was a non-operational post-secondary education institution with governmental
authorization to offer on-campus, post-secondary undergraduate courses in medicine in the State of Par&aacute;. The acquisition contributed
approximately 120 medical seats to Afya. IPEC became operational in September 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The aggregate purchase price was R$108
million, of which: (i)&nbsp;R$54 million was paid in cash on the transaction closing date, and (ii)&nbsp;R$54 million is payable in
two equal installments, adjusted by the CDI rate, and due annually at the end of the first and the second year from the transaction
closing date. In August 2020, we paid R$28.1 million, adjusted by the CDI rate.</P>

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<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">UniRedentor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On January 31, 2020, we acquired 100% of UniRedentor.
UniRedentor is a post-secondary education institution with governmental authorization to offer on-campus, undergraduate courses in medicine
in the State of Rio de Janeiro. UniRedentor also offers other health-related undergraduate degrees and graduate programs in medicine and
health, as well as other courses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The aggregate purchase price of R$214.6 million
was adjusted by R$4.5 million and was comprised by: (i) R$114.6 million paid in cash on the acquisition date; and (ii) R$100 million payable
in five equal installments from January 2021 to July 2024, adjusted by the CDI rate. The purchase consideration adjustment of R$4.5 million
was deducted from the first installment paid in January 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The acquisition contributed 112 medical school
seats to us, with a potential 44 additional medical school seats subject to approval by MEC.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">UniSL</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On May 5, 2020, we acquired 100% of the total
share capital of UniSL. UniSL is a post-secondary education institution with governmental authorization to offer on-campus, undergraduate
courses in medicine in the State of Rond&ocirc;nia. UniSL also offers other health-related undergraduate degrees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The aggregated purchase consideration of R$201.5
million was adjusted by R$7.8 million, of which: (i) 70% paid in cash on the transaction closing date; and (ii) 30% payable in cash in
three equal installments through 2023, adjusted by the CDI rate. The purchase consideration adjustment of R$7.8 million will be deducted
from the first installment due in May 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The acquisition contributed 182 medical school
seats to us. There are 100 additional seats still pending approval that, if approved by MEC, will result in a potential additional payment
by us of up to R$80.0 million, adjusted by the CDI rate.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">PEBMED</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On July 20, 2020, we acquired 100% of the total
share capital of&nbsp;PEBMED. PEBMED offers content and clinical tools for healthcare professionals, including mobile and web apps. The
original purchase price of R$ 132.9 million was adjusted by R$0.03 million and was comprised by: (i) R$115.3 million paid in cash on the
acquisition date; and (ii) R$ 17.5 million was paid with Afya Brazil&rsquo;s shares which were afterwards contributed to us in exchange
of issuance of 141,976 of our shares. The price multiple is equivalent to four times PEBMED&rsquo;s annual recurring revenue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">This acquisition will contribute to the development
and expansion of our online services, increasing our monthly active users and bringing active physicians to our digital platform.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">FESAR</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><FONT STYLE="background-color: white">On November
3, 2020, we </FONT>acquired<FONT STYLE="background-color: white">, through Afya Brazil, 100% of the total share capital of&nbsp;FESAR.
FESAR is a post-secondary education institution with government authorization to offer on-campus, undergraduate courses in medicine in
the State of Par&aacute;. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">T<FONT STYLE="background-color: white">he aggregate
purchase price was R$260.8 million, including the CDI rate adjustment from the signing date and the real state of the operation, estimated
at R$17.3 million, of which 100% was paid in cash on the closing of the operation. The purchase consideration was adjusted by R$1.5 million
and was paid on February 25, 2021. This acquisition contributed 120 medical school seats to us.</FONT></P>


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<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">MedPhone</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><FONT STYLE="background-color: white">On November
4, 2020, Afya Brazil concluded the acquisition of 100% of the total share capital of MedPhone. The net purchase price was R$6.4 million,
and was paid in cash on the acquisition date. MedPhone is a clinical decision and leaflet consultation app in Brazil, that helps physicians,
medical students and other healthcare professionals to make faster and more accurate decisions on a daily basis. MedPhone has more than
175,000 registered users and more than 58,000 monthly active users, with a NPS of 75. The app has more than 9,100 reviews in the AppStore
with a 4.9 out of 5 score.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><FONT STYLE="background-color: white">The integration
of MedPhone&rsquo;s clinical decision software with PEBMED will create great synergy and allow us to offer both products through the same
platform. </FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">FCMPB</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><FONT STYLE="background-color: white">On November
9, 2020, we acquired, through Afya Brazil, 100% of the total share capital of&nbsp;FCMPB. FCMPB is a post-secondary education institution
with government authorization to offer on-campus, undergraduate courses in medicine in the State of Para&iacute;ba. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><FONT STYLE="background-color: white">The total
net purchase price of R$379.9 million was adjusted to R$378.8 million and comprised (i) R$189.9 million paid in cash on the transaction
closing date, and (ii) R$188.9 million payable in cash in four equal installments through 2024, adjusted by the CDI rate. The acquisition
contributed 157 medical school seats to us.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">iClinic</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On January 21, 2021, we completed the acquisition
of 100% of the total share capital of iClinic, through our wholly-owned subsidiary Afya Brazil. iClinic is a SaaS model physician focused
technology company and the leading practice management software in Brazil. This software empowers doctors to be more independent and have
more control over the non-medicine aspect of their practices by digitalizing their daily routine, so they can increase their productivity
and deliver better healthcare. The aggregate purchase price was R$182.7 million, of which: (i)&nbsp;61.5% was paid in cash, and (ii)&nbsp;38.5%
was paid in Afya&rsquo;s shares.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Medicinae</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On March 25, 2021, we acquired 100% of the
total share capital of Medicinae, through our wholly-owned subsidiary Afya Brazil. Mediciane is a healthcare technology company specialized
in healthcare payments and financial services. It offers a financial platform that allows healthcare professionals to manage receivables
in an efficient and scalable way using FIDC (receivables investment fund). We believe Medicinae relieves a number of challenges in the
healthcare payments industry, by reducing long payment cycles for professionals and consolidates financial information, improving the
consumer financial experience. Medicinae has more than 1,440 registered users. The aggregate purchase price was R$5.6 million of which
100% paid in cash on March 25, 2021. An earn-out of R$4.4 million is payable in connection with product development goals for 2021 and
revenue achievements for 2022.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Medical Harbour</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On April 8, 2021, we announced the acquisition
of 100% of the total share capital of Medical Harbour, through our wholly-owned subsidiary Afya Brazil. Medical Harbour offers educational
health and medical imaging solutions through an interactive platform for anatomical study, 3D virtual dissection and analysis of medical
images, which allow the exploration, and knowledge of human anatomy with digital resources. The aggregate purchase price was R$5 million
of which 100% paid in cash on April 8, 2021. An earn-out of R$9 million may be payable related to product development goals for 2021/2022
and revenue achievements for 2023.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Cliquefarma</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On April 16, 2021, we announced the acquisition
of 100% of the total share capital of Cliquefarma, a healthtech company operating a free-to-use website that tracks prescription drugs,
cosmetics and personal hygiene product prices in Brazil. Users of Cliquefarma can search for medications or healthcare products and compare
prices from over 5,000 pharmacies in Brazil. The traffic generated is monetized through a cost-per-click model, where drugstores pay
for each click on their ads and in 2020 Cliquefarma generated traffic of 20 million visitors. The aggregate purchase price was R$19 million
of which 84.2% paid in cash and 15.8% paid in Afya&rsquo;s shares. An earn-out of R$3 million may be payable related to product development.</P>


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<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Expected Acquisitions</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">SPES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in; color: #090909">On October 22, 2020 we entered
into a purchase agreement for the acquisition, through our wholly-owned subsidiary Afya Brazil, of 100% of the total share capital of
SPES, which includes UNIFIPMoc and Fip Guanambi. The aggregate purchase price is R$360.0 million, adjusted by the Net Debt at the closing
date, of which 100% is payable in cash on the transaction closing date. UNIFIPMoc and Fip Guanambi are a post-secondary education institution
with government authorization to offer on-campus, undergraduate courses in medicine in the States of Minas Gerais and Bahia. The acquisition
will contribute 160 medical school seats to Afya, increasing Afya&rsquo;s total medical school seats to 2,303. There are 40 additional
seats still pending approval which, if approved by the Ministry of Education, will result in a potential additional payment of up to R$50
million. The transaction is expected to close in the second quarter of 2021.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Our Competitive Strengths</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Continuous focus on disrupting traditional medical
education</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>We have an in-depth understanding of medical education and the related issues faced by students in Brazil. As the largest medical
education group in Brazil, we are able to identify trends and adapt our services accordingly;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>We have developed a methodological approach to learning that incorporates individualization and technology in both digital and physical
format;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>We currently produce content that is centralized, continuously updated and available to all our institutions and students;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>We have the largest operating infrastructure in medical education in Brazil, with more than 430 partner teaching hospitals and clinics
and almost 200,000 physicians and specialists in our ecosystem;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>We have developed the first instructional medical web series created globally, and we have completed the first two seasons and have
already begun working on the third season;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>We believe we are the first education group in Brazil to offer a fully digital and customized service for medical residency exam preparation;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>We believe we are the first player to offer supplemental medical education content to third-party institutions through a business-to-business
model; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>We started offering content and clinical tools for healthcare professionals, including mobile and web apps.</TD></TR></TABLE>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">High-quality standards</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Quality is a cornerstone of our value proposition.
Our operating infrastructure and innovative methodological approach has achieved high levels of satisfaction across our medical schools.
Through our digital platforms, we monitor our students&rsquo; learning experience using several criteria and variables. According to Educainsights,
our Net Promoter Score, or NPS, a widely known survey methodology that measures the willingness of customers to recommend a company&rsquo;s
products and services, was 42 for medical students that graduated more than five years ago, 34 for medical students that graduated more
than two years ago and less than five years ago, and 54 for medical students that graduated less than two years ago. This gradual improvement
in our NPS score shows our continuing commitment to high-quality education and the medical careers of our students. Additionally, as of
December 31, 2020, our average Institutional Score (<I>Conceito Institucional</I>), which is measured and published by MEC, and is based
on certain institutional planning and development, academic and management criteria, was 4.3 on a scale of 1 to 5, compared to the Brazilian
average of 3.5. See &ldquo;Item 4. Information on the Company&mdash;Business Overview&mdash;Regulatory Overview&mdash;Regulatory Processes
of Post-secondary Education Institutions&mdash;Accreditation of Post-secondary Education Institutions and Authorization and Recognition
of Programs&rdquo; for further information on the <I>Conceito Institucional.</I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, through our online medical education
platform that offers distance learning residency preparatory courses, we are able to monitor our students&rsquo; learning experience using
several criteria and variables, including the educational materials they access and use, frequently asked questions, their study hours
and schedule, and their attendance record. Furthermore, as a result of the quality of the content and methodology and the differentiated
services offered by Medcel, third-party medical schools proactively contact it seeking to adopt Medcel&rsquo;s medical education content
to improve their medical students&rsquo; learning experience and academic scores. As of December 31, 2020, six third-party schools had
adopted Medcel&rsquo;s medical education content compared to approximately nine as of December 31, 2019.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">The nature of our business model</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Attractive financial model:</I> We have
a strong combination of significantly low customer acquisition costs, calculated as the sum of sales and marketing and personnel expenses
divided by student additions, which were approximately R$2,488, R$1,900 and R$1,300 per student as of December 31, 2020, 2019 and 2018,
respectively, high occupancy rates of approximately 100% of medical seats in our medical schools as of December 31, 2020, 2019 and December
31, 2018, and strong operating cash conversion of 75.7%, 100.5% and 75.1% as of December 31, 2020, December 31, 2019 and December 31,
2018, respectively. As of December 31, 2020, our Life Time Value (LTV) was R$286,227, calculated as the sum of R$47,704 gross income per
student divided by 16.7% (to account for one-sixth of the student base graduating every year). As of December 31, 2019, our Life Time
Value (LTV), calculated as the sum of R$55,463 gross income per student divided by 16.7% (to account for one-sixth of the student base
graduating every year), was R$332,777. As of December 31, 2018, our Life Time Value (LTV), calculated as the sum of R$54,396 gross income
per student divided by 16.7% (to account for one-sixth of the student base graduating every year), was R$326,376.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Contracted growth:</I> We have contracted
growth visibility into medical schools that are in the initial six years of operations as a result of the six-year maturation cycle of
our medical school seats.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">This cycle begins when a medical school becomes
operational, with a first year medical school class that progresses through the required six years as the next classes begin behind it,
and ends when the medical school has six school years of medical students and has therefore reached capacity at maturation (i.e., the
maximum number of approved seats). Since the maximum number of medical seats per medical school is set by regulation, the only way to
grow our medical school seats, and thus our numbers of enrollments, is through acquisitions or starting new medical schools. As of December
31, 2020, we had 2,143 approved medical school seats out of an expected total capacity of 15,430 medical school enrollments by 2027, which
gives us visibility as to the growth potential of our revenues over the period. See &ldquo;Item 5. Operating and Financial Review and
Prospects&mdash;Medical School Regulatory Capacity and Capacity at Maturation.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>End-to-end ecosystem:</I> Successfully integrating
the businesses we invest in or acquire, allows us to offer an end-to-end physician-centric ecosystem. The point of entry of one business
unit is the point of exit from another, which increases cross-selling and upselling opportunities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Difficult to replicate:</I> We believe the
combination of regulatory barriers, demand and supply imbalance and our end-to-end physician-centric ecosystem are difficult to replicate
and that it would take a significant amount of time for competitors to reach the scale of our operation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Self-reinforcing network effects of our
education cycle:</I> As we aim to be the trusted content and knowledge partner for lifelong medical learners in Brazil, we have created
and have been nurturing an education cycle that entails differentiation, talented stakeholders and recognition. Our continuous focus on
implementing all stages of our cycle has allowed us to continuously expand our footprint.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt; text-align: center"><IMG SRC="afyaform20f2020_002.jpg" ALT=""></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Extensive M&amp;A track record</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We have extensive capabilities in, and a strong
track record of, identifying, negotiating and successfully integrating acquisitions. We have developed an integration model, operated
by a dedicated team responsible for analyzing, mapping and integrating the systems of our acquired businesses, that we believe enables
us to fully integrate the businesses we acquire in an efficient manner and within 12 months of their acquisition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our integration model is composed of four stages:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Stage 1 (Preliminary Analysis): Preliminary analysis of the available infrastructure, organizational structure and teaching model
of the acquired business to identify potential integration issues.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Stage 2 (Detailed Mapping): Detailed migration diagnosis and mapping of the systems, processes and teaching model of the acquired
business to be integrated into our centralized shared-services center and academic model.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Stage 3 (Integration/Migration): Centralization and migration of the systems and processes into our shared services center and standardization
of the teaching model of the acquired business.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Stage 4 (Ongoing Support): Post migration/integration remote and on-site support and monitoring to stabilize the integrated operations
of the acquired business.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In 2020, 2019 and 2018, we successfully acquired
or invested in a total of 17 companies, increasing our number of medical schools seats, expanding into new medical education segments
and integrating new technologies that allow us to innovate and enhance our value proposition to lifelong medical learners. As of the date
of this annual report, we have fully integrated the operations of 11 of our acquisitions with our existing business. We are in the process
of integrating the operations of some of our acquisitions carried out in 2020 and 2021 (UniSL, PEBMED, FESAR, MedPhone, FCMPB, iClinic,
Medicinae, Medical Harbour and Cliquefarma), the integration of which we expect to complete by 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our limited operating history as a consolidated
company and our recent acquisitions entail a number of challenges, such as effectively integrating the operations of any acquired companies
with our existing business and managing a growing number of campuses. See &ldquo;Item 3. Key Information&mdash;D. Risk Factors&mdash;Certain
Risks Relating to Our Business and Industry&mdash;We may not be able to identify and acquire new medical higher education institutions
or meet our strategic and financial goals in connection with any business acquisition we seek, and difficulties in effectively integrating
and managing a growing number of campuses may adversely affect our strategic objectives&rdquo; and &ldquo;Item 3. Key Information&mdash;D.
Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;Our limited operating history as a consolidated company,
our recent acquisitions and the comparability of our results may make it difficult for investors to evaluate our business, financial
condition, results of operations and prospects.&rdquo;</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Purpose driven culture</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Medical education requires a core human value:
compassion. As we endeavor to revolutionize medical education in Brazil, we believe that by training and educating better physicians we
are helping people and their communities across Brazil. This mission has united families and entrepreneurs, executives and sponsors with
over 20 years of knowhow and expertise in the education sector. Our internal satisfaction survey conducted in 2019 showed employee satisfaction
levels of 81.5 out of a possible 100, based on several criteria, such as trust in, and a commitment to, our values, leadership satisfaction,
work satisfaction, learning and development, and active participation in our activities, reinforcing our strong commitment to our mission
and purpose.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Our Growth Strategies</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We aim to continue to grow organically and
through acquisitions and to generate greater shareholder value by implementing the following strategic initiatives:</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Maturation of current number of authorized medical
school seats</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We benefit from contracted growth visibility
in our medical schools that are in the initial six years of operations, which we derive from two main sources: (1)&nbsp;the six-year maturation
cycle of our medical school seats, which begins when a medical school becomes operational, with a first year medical school class which
progresses through the required six years as the next classes begin behind it, and which ends when the medical school has six school years
of medical students and has therefore reached capacity at maturation (i.e., the maximum number of approved seats), and (2)&nbsp;new enrollments
from our seven awarded campuses in connection with the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Since the maximum number of medical seats per
medical school is set by applicable regulations, the only way to grow our medical school seats, and thus our number of enrollments, is
through acquisitions or starting new medical schools. Assuming full compliance with applicable regulations and that our seven new &ldquo;<I>Mais
M&eacute;dicos</I>&rdquo; campuses mature as expected with 50 medical seats for each campus, we estimate reaching a total medical student
base of 15,430 students by 2027. See &ldquo;Item 5. Operating and Financial Review and Prospects&mdash;Medical School Regulatory Capacity
and Capacity at Maturation&rdquo; and &ldquo;Item 3. Key Information&mdash;D. Risk Factors&mdash;Certain Risks Relating to Our Business
and Industry&mdash;The post-secondary education sector is highly regulated, and our failure to comply with existing or future laws and
regulations could significantly impact our business.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Open new campuses in connection with the &ldquo;Mais
M&eacute;dicos&rdquo; program</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In 2018, we were also awarded seven new undergraduate
campuses in connection with the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; program, the largest number awarded to any education group, with
a total of 350 new medical school seats. The operation of such campuses is subject to the verification by MEC of the satisfactory implementation
by Afya Brazil of all regulatory requirements. As of the date of this annual report, MEC had inspected two of the campuses, and the final
verification was published in (i)&nbsp;October 2020 for ITPAC Santa In&ecirc;s; and (ii)&nbsp;December 2020 for ITPAC Cruzeiro do Sul.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Expand our medical residency preparation enrollments
base</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Competition for medical residencies should
increase as the number of graduating physicians grows and the number of available residency seats remains static. According to a third-party
consulting firm, the number of applicants for medical residency programs is expected to grow at a rate of 13.4% per year through 2022.
We plan to continue to grow our medical residency exam preparation student enrollments, leveraging the academic outcome, scalability and
learning experience of our digital platform.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Expand our graduate programs enrollments base</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Due to the shortage of medical residency seats
and the growing demand for medical graduate courses, we believe we will be able to expand our current offering in this segment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We intend to continue developing our business-to-business
strategy by increasing the number of partners and student enrollments through increased marketing and sales effort.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Cross sell across our existing medical student
base</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Because our solutions target the lifelong education
journey of medical students, we have identified an opportunity to increase student enrollments at a low marginal cost driven by cross-selling
opportunities, such as increasing the number of former undergraduate students subscribing to our medical residency exam solutions and
the number of former undergraduate and/or medical residency students applying to our graduate and CME courses.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Expand our B2B capabilities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">B2B contracts are effective customer entry
points to our products and services. Students are familiar with our platforms, increasing our brand equity and helping us attract more
physicians to enroll in preparatory courses, graduate programs and CME products.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Expand our distribution channels</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We plan to continuously expand our distribution
network by increasing our presence in direct and third-party channels, launching graduate courses or CME for third-party continuing medical
education hubs (including, but not limited to, hospitals, clinics and other medical schools) to grow our graduate medical footprint, through
partnerships with such third-party continuing medical education hubs.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Leverage infrastructure and extract synergies
from acquisitions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We believe we have been able to successfully
integrate our acquisitions into our ecosystem. We plan to implement several measures to improve the profitability of recent acquisitions,
including but not limited to:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Streamlining fee discounts and scholarship policies;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Integrating operations with our shared-services center;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Streamlining faculty training in line with our career plan; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Integrating teaching models into our academic model.</TD></TR></TABLE>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Continue to selectively pursue M&amp;A opportunities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We plan to selectively pursue acquisitions
that will complement our current medical education services offering and/or enhance our product portfolio, such as digital content platforms,
continuing medical education institutions and other medical certification companies, among others. We are currently evaluating possible
acquisition opportunities and submit non-binding proposals from time to time. We believe that we have developed a strong capability and
track record of acquisitions. In 2021 to date, we acquired or invested in four companies. The acquisitions of SPES, the conclusion of
the transaction is subject to customary conditions precedent, will increase our total number of approved medical school seats to 2,303
from 2,143 as of December 31, 2020. In 2020, we acquired or invested in six companies and agreed to acquire two companies, which increased
our medical school seats by more than 36% over the year. In 2019, we acquired or invested in six companies, which increased our medical
school seats by more than 33% over the year. In 2018, we acquired or invested in five companies, which increased our medical school seats
by more than 118.3% over the year. Our acquisition of Medcel enabled us to access the medical residency preparation market, and the acquisition
of IPEMED, enabled us to enter the graduate and specialization courses market. Our acquisition strategy is mainly focused on expanding
our medical school footprint by adding new institutions to our existing portfolio.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Enter into new markets</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We believe our end-to-end physician-centric
ecosystem is equipped to serve medical students in complementary segments where our innovative, methodological, data-driven approach can
continue to disrupt traditional vendors and legacy business models. We believe opportunities exist in new sectors and regions of Brazil.
In the future, we intend to focus on expanding further into continuing medical education. We may also seek to grow our business by selectively
expanding into international markets with similar fundamentals.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Develop new products</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We plan to continuously evolve our platform
and offer solutions that keep up with the growing demands of our students. We have a planned pipeline of new products, including new medical
web-series seasons, corporate medical training, new extension health programs, a tutoring suite, a peer-to-peer suite and a virtual reality
product.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Our Geographic Presence</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our headquarters and most of our shared services
operations are located in Nova Lima, in the State of Minas Gerais. Our content creation and dedicated sales team is located in S&atilde;o
Paulo, in the State of S&atilde;o Paulo.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, our network consisted
of a total of 26 undergraduate and graduate campuses, composed of (i) 24 undergraduate medical school campuses, 19 of which are operating
units (units that have been approved by MEC and that have commenced operations) and five of which are approved units (units that have
been approved by MEC, but that have not yet commenced operations), (ii) six graduate campuses that offer medicine- and health-related
courses, and (iii) four campuses that offer non-medicine, non-health-related undergraduate courses. We plan to expand our network by opening
the five approved undergraduate medical school campuses we were awarded in connection with the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo;
program by 2021. As of December 31, 2020, we had 13,039 students enrolled in our online prep-courses spread across Brazil.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The chart and table below illustrate our current
footprint of undergraduate and graduate medical schools.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_003.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; width: 23%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 19%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">School</P></TD>
    <TD STYLE="width: 17%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">City</P></TD>
    <TD STYLE="width: 13%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">State</P></TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Medical
    Seats</P></TD>
    <TD STYLE="width: 17%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Years
    of Operation(1)</P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Pre-2018 acquisitions&#9;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">ITPAC Porto Nacional</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Porto Nacional</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Tocantins</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">120</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">&gt;6</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">ITPAC Aragua&iacute;na</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Aragua&iacute;na</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Tocantins</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">80</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">&gt;6</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">UNIVA&Ccedil;O</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Ipatinga</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Minas Gerais</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">100</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">&gt;6</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">ITPAC Palmas</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Palmas</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Tocantins</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">120</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">1.5</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">2018 acquisitions&#9;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">IPTAN</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">S&atilde;o Jo&atilde;o Del Rei</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Minas Gerais</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">49</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">4</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">IESVAP</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Parna&iacute;ba</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Piau&iacute;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">80</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">4</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">CCSI</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Itajub&aacute;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Minas Gerais</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">87</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">&gt;6</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">IESP</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Teresina</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Piau&iacute;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">171</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">&gt;6</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">FADEP</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Pato Branco</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Paran&aacute;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">110</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">2</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">2019 acquisitions&#9;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">FASA(2)</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Vit&oacute;ria da Conquista</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Bahia</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">100</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">4</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Itabuna</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Bahia</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">85</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">1</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Montes Claros</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Minas Gerais</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">N/A</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Sete Lagoas</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Minas Gerais</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">N/A</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">IPEMED</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Salvador</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Bahia</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">N/A</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Bras&iacute;lia</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Distrito Federal</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">N/A</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Belo Horizonte</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Minas Gerais</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">N/A</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Rio de Janeiro</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Rio de Janeiro</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">N/A</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">S&atilde;o Paulo</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">S&atilde;o Paulo</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">N/A</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">IPEC</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Marab&aacute;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Par&aacute;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">120</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">&gt;1</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">2020 acquisitions(5)&#9;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">UniRedentor</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Itaperuna</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Rio de Janeiro</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">112(3)</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">&gt;4</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">UniSL</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Porto Velho</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Rondonia</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">182(4)</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">&gt;6</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">FESAR</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Reden&ccedil;&atilde;o</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Par&aacute;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">120</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">3</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="border-bottom: Black 1pt solid; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center">&nbsp;</TD></TR><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->65<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="#toc">Table of Contents</A></FONT></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; width: 23%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 19%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">School</P></TD>
    <TD STYLE="width: 17%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">City</P></TD>
    <TD STYLE="width: 13%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">State</P></TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Medical
    Seats</P></TD>
    <TD STYLE="width: 17%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Years
    of Operation(1)</P></TD></TR>


  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 23%; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="width: 19%; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="width: 17%; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="width: 17%; padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">FCMPB</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Jo&atilde;o Pessoa</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Para&iacute;ba</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">157</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">3</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">&ldquo;Mais M&eacute;dicos&rdquo;(6)&#9;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">ITPAC Santa In&ecirc;s</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Santa In&ecirc;s</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Maranh&atilde;o</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">50</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">1</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">ITPAC Camet&aacute;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Camet&aacute;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Par&aacute;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">50</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">0</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">ITPAC Cruzeiro do Sul</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Cruzeiro do Sul</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Acre</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">50</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">1</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">ITPAC Itacoatiara</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Itacoatiara</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Amazonas</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">50</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">0</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">ITPAC Manacapuru</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Manacapuru</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Amazonas</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">50</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">0</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">ITPAC Abaetetuba</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Abaetetuba</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Par&aacute;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">50</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">0</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">ITPAC Bragan&ccedil;a</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Bragan&ccedil;a</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">Par&aacute;</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">50</FONT></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt"><FONT STYLE="font-size: 9pt">0</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: left">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Schools with six or more years of operations are considered fully matured.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>FASA&rsquo;s assets located in the cities of Montes Claros and Sete Lagoas, both in the State of Minas Gerais, were spun-off and transferred
to ESMC.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>Additional 44 medical school seats are subject to approval by the MEC.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD>Additional 100 medical school seats are subject to approval by the MEC.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD>2020 acquisitions does not include the acquisition of SPES, which, as of the date of this annual report, remain subject to customary
conditions precedent.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(6)</TD><TD>Five campuses expected to open by 2021 subject to the verification by the MEC of the satisfactory implementation by Afya Brazil of
all regulatory requirements. Number of medical seats are anticipated.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Industry Overview</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Introduction to Brazil&rsquo;s education environment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Brazil&rsquo;s education environment has become
increasingly open to private capital. At the same time, the government has continued to play an important role through the municipalities,
states, and federal government.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Post-secondary education</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Higher education in Brazil differs significantly
from pre-secondary education. The majority of higher education schools are under private management and account for approximately 88%
(both for profit and nonprofit) of all higher education institutions. Higher education institutions are divided into three categories
depending on the number of courses they offer, seniority of the teaching staff, and amount of research they conduct: they can be classified
as colleges, university centers or universities. Typical post-secondary programs take between four to six years to complete. While some
courses in these programs only occur during a certain period of the day (i.e., morning, afternoon, or evening), others are offered as
full day courses. Tuition is paid on a monthly basis, primarily out of pocket by students and their families. Government financing is
available, but not easily accessible. The main programs are FIES and PROUNI, which together accounted for 40% of total financing in 2014
prior to more regulated policies in recent years.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Introduction to Brazil&rsquo;s medical education
industry</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In Brazil, aspiring physicians apply to medical
school following graduation from secondary education. Medical school in Brazil is a six year undergraduate program. Upon graduation, medical
students gain a license and can start working as a generalist physician. At this point, they usually consider alternatives to gain a certification
for one or more medical specialties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The first and most common path to obtaining
a medical specialty certification is through a medical residency program. If a candidate chooses the medical residency path, the student
must pass an entrance examination, referred to as R1 exam administered by each institution offering a residency program. After getting
approved by a residency institution, the student then starts the first year of residency with the support of a government study grant
throughout the specialization period. If the physician wants to pursue a sub specialty, he or she will need additional years of study,
which may or may not require incremental entrance tests.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Medical professionals, that do not choose or
fail to be admitted into a residency program can still pursue a medical specialty certification through other alternatives. For instance,
a generalist can take the specialist certification exam to become a specialist after meeting a variety of eligibility criteria. Those
criteria can include internships, hours of work under supervision of a medical specialist, or hours of study in a certified graduate program,
among other methods. Depending on the desired level of medical specialty, it can take four to 10 years for a generalist to meet the criteria
and, in this context, graduate programs can be a shorter path to reach eligibility sooner.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As medical science continues to evolve very
rapidly, medical professionals must seek ways to stay up to date on those developments. For that purpose, physicians and other medical
professionals tend to use numerous sources of continuing medical education, or CME, including short term programs, scientific paper digests,
and medical congresses, among others.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Medical education system: Brazil vs. United States</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">While Brazil mandates that students pursue
a six year specific undergraduate medical education, a student in the United States must typically earn a four year undergraduate degree
prior to applying for medical school. Although no specific undergraduate degree is required, pre medical, biology, and health focused
majors are recommended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A U.S. student must apply to medical school
programs upon finishing his undergraduate degree, typically taking another four years to complete medical school. As is the case in Brazil,
the U.S. medical school application process is highly competitive and has historically seen increasing medical course applications. In
2018, 21,622 U.S. students were enrolled out of 52,777 medical school applicants, representing an applicants per enrolled student ratio
of 2.4x. Additionally, the number of medical school applicants increased at a 2.7% Compound Annual Growth Rate, or CAGR from 2010 to 2018,
according to the AAMC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">While Brazilian students have the option to
either pursue a medical residency or work as a generalist after graduating, U.S. students are required to go through a residency program
after completing medical school to become an authorized physician. To do this, the student must enroll in the National Residency Matching
Program, or NRMP, which matches physician applicants to U.S. residency training programs. In 2017, 35,969 U.S. medical school graduates
applied for 31,757 residency positions, representing an applicants per enrolled student ratio of 1.2x. To complete the program and become
an authorized physician, each student must also pass the United States Medical Licensing Examination, or USMLE.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The diagram below illustrates the structure
and timeline of the Brazilian medical education system relative to the United States:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; text-align: center"><IMG SRC="afyaform20f2020_004.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: MEC</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; text-align: center"><IMG SRC="afyaform20f2020_005.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: AAMC</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Regulatory overview and &ldquo;<I>Mais M&eacute;dicos</I>&rdquo;
program</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Medical education in Brazil is subject to regulatory
terms that aim to define the supply of medical seats across the country. From 2013 to 2018, the Brazilian government put initiatives in
place to increase the number of annual medical school and residency vacancies, which have been recently revised.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In 2013, Law No. 12,871 defined the protocol
for the creation of new medical courses in Brazil to address issues such as the unequal distribution of doctors across Brazilian states.
Among the criteria that support the creation of medical schools seats, two relevant aspects are (i)&nbsp;the importance of these new openings
in a specified region and (ii)&nbsp;the sufficiency of the current medical infrastructure in both public regional hospitals and in the
applicant medical institution in order to obtain government authorization.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">To reduce the shortage of doctors and mitigate
the perceived healthcare inequality, the Brazilian federal government implemented a strategic initiative called &ldquo;<I>Mais M&eacute;dicos</I>.&rdquo;
The program&rsquo;s main objectives included addressing the provision of doctors for primary care in municipalities, strengthening health
care infrastructure, and allocating medical workforce to underserved areas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">According to WHO, from its inception in 2013
until 2018, &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; assigned physicians to over 4,000 municipalities benefiting poorer areas. For example,
during that period, 63% of physicians working in this program in northeastern Brazil were assigned to work among the region&rsquo;s poorest
municipalities. Until July 2014, 91% of the municipalities in northern Brazil with a shortage of physicians had been provided, on average,
almost five physicians per municipality. Studies have demonstrated there was a significant increase, from 62.7% to 70.4%, in the population
receiving primary care coverage from 2014 to 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Regarding academics, &ldquo;<I>Mais M&eacute;dicos</I>&rdquo;
implemented short- and long-term measures to improve the Brazilian medical training system in both quantitative and qualitative ways.
Among these measures was the opening of new medical school slots, in both undergraduate courses and residency programs. From its creation
in 2013 until 2018, &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; reached an annual contribution of 11,400 new student slots in medical schools
as well as 12,400 student slots for medical residency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">With the increase in annual offerings through
&ldquo;<I>Mais M&eacute;dicos</I>,&rdquo; the MEC announced on April 5, 2018, that the government had decided to freeze the new offering
of medical seats for a period of five years. The decision was based on the previously defined target of at least 11,000 annual medical
seats, which according to WHO had already been achieved.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Brazilian medical education quantitative assessment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Given the national regulatory framework, expanding
medical seats depends mostly on quality attributes and the need for additional doctors in the given geography. The number of medical seats
remained approximately unchanged between 2005 and 2012, but increased at a faster pace from 2012 to 2014 to mitigate the shortage of physicians
in the country.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Over the last five years, &ldquo;<I>Mais M&eacute;dicos</I>&rdquo;
has raised the medical seats offerings. From 2013 to 2018, it created approximately 13,000 seats in medical schools throughout the country,
which contributed to the increase in enrollment in private medical schools. After recent assessment of current medical seats offered versus
planned back in 2013, the number of seat has been held constant at 36,700 by MEC since April 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">From 2010 to 2020, first year enrollments in
private medical schools have increased by 17,629, representing a 5.4% CAGR, compared to an additional 3,358 public medical first year
enrollments during that period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">According to Demografia M&eacute;dica, the
number of physicians in Brazil increased from 320,477 to 500,000 from 2010 to 2020, representing a 56.0% increase. With that demand in
place, a supply of new healthcare professionals is expected to keep growing to keep up with the increased demand for public and private
health services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">By 2023 the total number of physicians in Brazil
is expected to increase to 527,059 professionals, implying 2.44 doctors per 1,000 inhabitants, compared to the current level, below 2.2
doctors per 1,000 inhabitants. At the same time, the number of events per doctor is expected to slightly increase, driven primarily by
the suppressed demand related to the public sector, with total events per doctor expected to reach 4,665 from the current 4,518.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">Projection of the ratio of events per doctor
in Brazil (2018 to 2023)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; text-align: center"><IMG SRC="afyaform20f2020_006.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: IBGE, INEP, and third-party consulting firm analysis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Brazil is not expected to reach an excess supply
of physicians through 2028, even considering the increasing number of medical graduates over the next 10 years.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Fundamentals of medical education in Brazil</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The medical education market in Brazil is supported
mainly by the higher demand for medical courses than the actual seats offering, the low and uneven medical density when compared to the
Organization of Economic Cooperation and Development, or OECD average, Brazil&rsquo;s fast aging population, and compelling financial
rewards for those seeking to pursue a medical career.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Brazil&rsquo;s aging population</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Brazil&rsquo;s aging population is expected
to drive an increase in demand for physicians and other healthcare service providers. Brazil&rsquo;s aging ratio is twice that of the
United Kingdom and three times that of the United States. Compared to 1995, life expectancy at birth is up from 66 years to 76 years,
driven primarily by medical and health improvements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">By 2030, 13.5% of the Brazilian population
is expected to be older than 65 years, compared to 7.3% in 2010. Furthermore, in 2060, the percentage of the population of 60 years and
older is expected to exceed the number of people of 19 years and under, according to the Instituto Brasileiro de Geografia e Estat&iacute;stica,
or IBGE.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">Population distribution by age group&mdash;Brazil</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_007.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: IBGE</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Increase of medical services demand</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The long-suppressed demand for health services
in Brazil is expected to continue to increase given demographic changes in Brazil as well as a larger portion of the population being
able to access private healthcare services. As of December 31, 2020, Private Health Insurance penetration in Brazil reached 24.2%, according
to data from ANS. This is lower than countries such as Germany, Australia and the United States, which according to the OECD have 33.9%,
54.9% and 63.0% penetration, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Even with the expected increase in medical
graduation, the demand for healthcare services is expected to surpass the current supply of physicians by medical schools creating a continued
demand for medical courses and graduate education.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">According to the OECD, Brazil currently has
2.1 doctors per 1,000 inhabitants, which is considerably below the international average and the average of developed countries, which
have been through the demographic changes that are expected to happen in Brazil.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For example, according to WHO, Argentina had
an average of 4.0 doctors per 1,000 inhabitants in 2017. Considering the projections of a total of 521,106 physicians in 2023 versus Brazil&rsquo;s
population growth over the same period, Brazil would have approximately 2.4 doctors per 1,000 inhabitants, which is still below the OECD
average.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">Doctors per thousand inhabitants, according
to selected OECD countries&mdash;Brazil, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_008.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: OECD</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Shortage and distribution of medical professionals
in Brazil</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Brazil&rsquo;s low medical density and inequality
in physician distribution is illustrated in the figure below. S&atilde;o Paulo and Rio de Janeiro have 2.8 and 3.5 doctors per 1,000 inhabitants,
respectively, while the states of Amap&aacute; and Maranh&atilde;o have 1.1 and 0.9 doctors per inhabitant, respectively. The north and
northeast regions are the nation&rsquo;s most underserved areas in the country and have been the focus of physicians&rsquo; assignment
by the government. According to &ldquo;Demografia M&eacute;dica no Brazil&rdquo;, the national average of physicians per 1,000 inhabitants
is 2.1, while the average outside urban capitals is 1.3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Even with the expected increase in physicians
over the next 10 years, Brazil&rsquo;s medical density is expected to remain low when compared to developed countries, and is not expected
to achieve the average medical density of the OECD.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">Distribution of doctors according to Brazilian
states&mdash;2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_009.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: Scheffer M. et al., Demografia M&eacute;dica no Brasil
2018</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Compelling financial rewards for pursuing a medical
career</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">One of the notable arguments for pursuing a
medical career in Brazil is the financial outcome for the future physician, with higher salaries and fast payback. The main points of
view that support the increasing demand for medical education analysis are: (i)&nbsp;nearly 100% employability of medical school graduates
in Brazil; (ii)&nbsp;significantly higher salaries for medical school graduates than those enrolled in engineering courses (by approximately
128%), and (iii)&nbsp;a five-year post-graduation average payback period.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_010.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: Instituto de Pesquisa Econ&ocirc;mica Aplicada&mdash;IPEA,
Brazilian Ministry of Labor, Third-party consulting firm analysis</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Even when considering the comparatively high
tuition paid during the six-year medical undergraduate program, its above average income after graduation results in an average payback
period of four years, a relatively short period compared to other undergraduate education majors.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Supply and demand imbalance for medical education</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The number of applicants for medical school
remained relatively constant from 2014 to 2017, with 196,000 applicants in both years. This compares to a 12.5% CAGR for the increase
of seats openings for medical schools in the same period. Although the students seats have been increasing at higher rates, there remains
a significant gap between the demand and supply of medical education, which is expected to drive continued competitiveness in medical
entrance exams.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">Applicants/openings for medical schools</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_011.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: INEP, MEC, third-party consulting firm analysis. 2017-2023
figures are projections.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">Total openings for medical school (in thousands)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><IMG SRC="afyaform20f2020_012.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: INEP, MEC, third-party consulting firm analysis. 2018-2023
figures are projections.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">With future residency slots expected to remain
virtually unchanged over the upcoming years and an occupancy rate of approximately 60% of current residency seats available as of 2017,
increased competitiveness is expected in residency programs.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">Applicants/openings for medical residency</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_013.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: MEC. 2019-2023 figures are projections.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Expansion in graduate programs and CME</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The number of public and private medical graduate
courses is not measured by any institution, as it is developing and growing as residency slots become increasingly restricted. Typically
educational institutions partner with hospitals to provide the adequate infrastructure for teaching students. Unlike residencies, students
pay out of pocket monthly tuition of around R$4,000, according to a third-party consulting firm. These are usually one to two year courses
and there is currently no government student financing for this segment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Both graduate and other CME courses are expected
take advantage of the increasing graduation rates in Brazil, which are expected to add more than 130,000 new physicians over the next
five years, in addition to the current 454,848 doctors that are expected to continue to access this market.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">Projection of the number of doctors in Brazil
(2018 to 2023)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_014.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: Scheffer M. et al., Demografia M&eacute;dica no Brasil
2018, third-party consulting firm analysis</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Technological innovation driving enhancements
to medical education</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Technology has played a central role in shaping
the medical profession. However, regulations coupled with restrictive characteristics of medical education hinder the ability of undergraduate
distance learning programs to expand in Brazil. However, the residency preparatory market has rapidly shifted towards a more technological
approach. Tech enabled features are promoting distance learning to spread within the sector, primarily because they facilitate enhanced
student access to educational content.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">By eliminating the necessity of physical presence,
both the market and the penetration rate are expected to expand. For these reasons, information and communication technology services
in the education market are expected to grow from US$83.2 billion in 2019 to US$99.0 billion in 2023 worldwide, representing a 4.4% CAGR,
according to Technavio. North America accounted for 40.6% of this market in 2018, indicating room for international expansion. In contrast,
South America comprised 6.0% of the market in 2018 and is expected to grow at a 7.0% CAGR until 2023.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Market assessment and forecasts on medical education</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Medical schools</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">There are currently 337 medical schools in
Brazil, of which 60% are private and 40% are governmentally run, according to MEC. In terms of student seats, the relative distribution
is comparable: 68% are private while 32% are governmentally run. The market is also highly fragmented. A student that begins a medical
school program at the age of 18 would typically be expected to complete the program at 24 years old.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The medical schools segment shows that the
current supply of students seats in medical courses has not been sufficient to service the growth in demand for medical education in Brazil.
The total number of enrolled medical students in private schools reached 108,000 in 2018 and is expected to increase to approximately
166,000 in 2023, assuming there will not be new openings by the government in the next five years.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">Total students enrolled in private universities
(in thousands)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_015.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: INEP, third-party consulting firm analysis. 2019-2023
figures are projections.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">With the increasing demand creating a favorable
scenario for medical school tuition, a rise in the average current tuition is expected to post a 5.1% CAGR in the next five years, reaching
R$119,000 in 2023 according to a third-party consulting firm. Both increases in number of enrolled students and average tuition support
a market 14.9% CAGR between 2018 and 2023, implying that the current R$10 billion market would grow to become a R$19.8 billion market
by 2023.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Residency and preparatory courses</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The number of medical residency student slots
available each year is regulated by the MEC and the Ministry of Health. Only hospitals are allowed to offer residency slots and no educational
institution does it unless it has its own teaching hospital. Each student receives a scholarship from the government for the duration
of their residency (from one to two years). Given the perceived lack of funding from the government, the number of residency students
seats is expected to remain approximately unchanged in the future.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">Openings for medical residency (in thousands)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_016.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: MEC. 2019-2023 figures are projections.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">According to Demografia M&eacute;dica, in
2017, there were 790 hospitals that offered residency programs. The market is fragmented and the number of students&rsquo; seats varies
depending on the specialty the physician is looking for. In 2018, four main areas of interest corresponded to the first choice of approximately
40% of recently graduated students applying to residency programs. A student that begins a medical residency program at the age of 24
would typically be expected to complete the program at 26 or 27 years old, depending on the student&rsquo;s chosen specialty.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Assuming that 80% of the students enrolled
in the fifth and sixth years of medical schools have the interest in taking the R1 test and that the R3 students will continue to grow
at current rates, the preparatory courses segment is expected to grow from its current market size of R$1.0 billion to approximately R$2.4
billion by 2023, at a 18.7% CAGR.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Graduate programs</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Similar dynamics affect the graduate segment,
in which a student that begins a graduate program at the age of 24 would typically be expected to complete the program at 26 or 27 years
old, depending on the chosen course. Graduate courses are expected to benefit from the increase in new physicians graduating over the
coming years, and have an average duration of two to three years. The current graduate market accounts for a total of R$3.7 billion and
is expected to grow at a 13.5% CAGR until 2023. According to a third-party consulting firm, the implied applicant/opening ratio for medical
residency programs was 4.3 in 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">This increase is primarily supported by the
continuing need for specialization, which is expected to raise the current 77,000 students to approximately 118,000 students by end of
2023. A factor that supports the demand is the possibility of a student to pursue more than a single specialization along their career.
In line with the increasing number of enrollments, the demand for specialization is expected to see price increases during the same period,
implying a CAGR of 4.0%.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">Specialization students (in thousands)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_017.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: MEC, third-party consulting firm analysis. 2019-2023
figures are projections.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">CME</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Doctors and other medical professionals are
expected to continuously educate themselves on evolving developments within their practice throughout their careers. Consequently, the
CME market in Brazil is expected to experience an increase in demand as the number of medical school graduates increases. The total number
of physicians in Brazil is expected to increase from approximately 450,000 in 2018 to approximately 530,000 in 2023.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">Total physicians in Brazil (in millions)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; text-align: center"><IMG SRC="afyaform20f2020_018.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: Scheffer M. et al., Third-party consulting firm analysis.
2019-2023 figures are projections.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">With both expected growth in the number of
physicians between 2018 and 2023 and a tuition adjustment over this period, the CME market is expected to reach a total value of R$2.4
billion by 2023, compared to R$1.6 billion in 2018, implying an 8.5% CAGR. The increase is also supported by the need for continued education
on new technologies and procedures, two recurring topics in the medical education segment.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Another important element to the CME market
is that it is currently not mandatory for doctors to regularly take CME courses. We expect this to change and become more in line with
other countries, where physicians must show their respective medical associations that they are up to date.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Other health non-medical school programs</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Other health-related undergraduate courses
which include dentistry, pharmacy, nutrition, physiotherapy, psychology, nursing, and physical education, enrolled a total of 1.3 million
students in 2018, representing a R$17 billion market. Although the impact of regulation and macroeconomic factors are comparable to those
of medical school programs, fundamentals of other health non-medical school programs differ from those of medical schools because of consumer
preferences, and the number of students is expected to remain flat. For health-related non-medical schools, average tuition growth rates
are expected to be in line with consumer inflation. These other health-related courses are expected to grow at a 13.2% CAGR between 2018
and 2023, reaching a total addressable market of R$31.8 billion.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">Non-medical health students enrolled (in
millions)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_019.jpg" ALT=""></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0 0 10pt">Source: INEP, Third-party consulting firm analysis. 2019-2023
figures are projections.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Total health education market potential</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Considering all medical segments combined,
there was an addressable market related to medical careers of approximately R$16.4 billion as of December 31, 2018 and encompassing over
700,000 lifelong medical learners, composed of:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>a R$10.0 billion addressable medical school market, calculated as (i)&nbsp;the number of medical student enrollments totaling 108,000,
based on historical enrollment trends, and the addition of new medical schools seats (as published by the MEC), <I>multiplied by </I>(ii)&nbsp;the
estimated R$92,400 average annual tuition per student, based on an average of the annual tuition fees charged by private medical schools
in Brazil;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>a R$1.0 billion addressable residency preparatory courses market, calculated as (i)&nbsp;the number of medical residency candidates
totaling 71,000, based on historical medical school graduation records and the number of medical school residency candidates (as published
by the MEC), <I>multiplied by</I> (ii)&nbsp;the estimated R$15,000 average annual course fees per candidate, based on an average of the
annual course fees charged by the four largest residency preparatory course providers in Brazil;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>a R$3.7 billion addressable medical specialization courses market, calculated as (i)&nbsp;the number of physicians seeking specialization
courses totaling 76,600, based on historical medical school graduation and medical specialization course enrollment records (as published
by the MEC), <I>multiplied by</I> (ii)&nbsp;the estimated R$48,800 average annual course fees per physician, based on an average of the
annual course fees charged by the four largest medical specialization course providers in Brazil; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>a R$1.6 billion addressable continuing medical education, or CME, market, calculated as (i)&nbsp;the number of physicians seeking
CME courses totaling 454,848, based on the number of active physicians in Brazil (as published by the Brazilian Medical Association <I>(Associa&ccedil;&atilde;o
M&eacute;dica Brasileira))</I>, <I>multiplied by</I> (ii)&nbsp;the estimated R$3,500 annual average amount spent per physician on CME
courses, based on the findings of a primary survey conducted by a third-party consulting firm.</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">The total addressable market is expected to grow to R$31.6 billion
and to over 910,000 lifelong medical learners by 2023. If the other health-related non-medical courses are added to this figure, the addressable
market increases to R$34.3 billion in 2018 and a projected R$64.9 billion in 2023.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Market Opportunity</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">According to a third-party consulting firm,
the total addressable market for the medical and healthcare career segment in Brazil was R$66.5 billion as of March 31, 2020, composed
of (i)&nbsp;a R$14.0 billion medical school market, (ii)&nbsp;a R$1.5 billion residency preparatory courses market, (iii)&nbsp;a R$4.8
billion medical specialization courses market, (iv)&nbsp;a R$1.8 billion continuing medical education market, (v)&nbsp;a R$23.0 billion
other health courses market and (vi)&nbsp;a R$21.4 billion medical digital services market. We estimate that we currently capture approximately
1.5% of the total addressable market based on our net revenue for the last 12 months ended in June 30, 2020. This market encompasses over
800,000 lifelong medical learners in Brazil, composed of 136,000 medical students, 91,000 students seeking residency preparatory courses,
90,000 and 500,000 physicians seeking to enroll in specialization courses and CME, respectively, and 1,680,000 students in other health
courses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Medical education in Brazil benefits from a
combination of demographic and social factors, such as the expected increase in the number of people over 65 due to the increase in average
life expectancy, as well as the shortage of medical professionals in Brazil, which has resulted in an imbalance between supply and demand.
It also benefits from macroeconomic and financial factors, such as the increase in average household income, which has resulted in an
increase in demand for medical services and an increase in private and public healthcare spending. Accordingly, we expect the medical
education market in Brazil to continue to grow.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Additionally, given our end-to-end and physician-centric
ecosystem, our strong business model, and our reputation for quality, we believe that we are well positioned to take advantage of the
favorable growth dynamics of the medical education market in Brazil. According to a third-party consulting firm, the total addressable
market for medical education is expected to grow at a CAGR of 10.4% from 2020 to 2025, reaching R$23.0 billion in 2025. Including other
healthcare education services, the addressable market is expected to grow at a CAGR of 9.6% in the same period, reaching R$105.3 billion
by 2025.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 29%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.75pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: left">Information</P></TD>
    <TD STYLE="width: 10%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.75pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Medical<BR>
    School</P></TD>
    <TD STYLE="width: 10%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.75pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Preparatory<BR>
    Courses for<BR>
    Residency</P></TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.75pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Specialization<BR>
    Courses</P></TD>
    <TD STYLE="width: 10%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.75pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Continuing<BR>
    Medical<BR>
    Education</P></TD>
    <TD STYLE="width: 10%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.75pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Other
    Health Courses</P></TD>
    <TD STYLE="width: 10%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.75pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Medical
    Digital Services</P></TD>
    <TD STYLE="width: 10%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.75pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Total</P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 9pt; text-indent: -9.35pt">Total market (2020)(1) R$ billion&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">14.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">1.5</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">4.8</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">1.8</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">23.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">21.4</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">66.5</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 9pt; text-indent: -9.35pt">Total market (2025)(1) R$ billion&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">23.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">3.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">9.1</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">3.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">35.0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">32.2</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">105.3</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 9pt; text-indent: -9.35pt">CAGR (5 years)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">10.4%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">14.9%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">13.6%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">10.8%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">8.8%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">8.5%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">9.6%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 9pt; text-indent: -9.35pt">AVG Ticket (2020)(1) R$&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">103,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">16,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">53,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">3,900</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">14,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 9pt; text-indent: -9.35pt">Total number of students (2020)(1) &#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">136,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">91,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">90,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">500,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">1,680,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 9pt; text-indent: -9.35pt">Total number of students (2025)(1) &#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">171,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">143,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">142,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">600,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">2,110,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 9pt; text-indent: -9.35pt">Afya&rsquo;s market share (2020)(2)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">6.7%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">12.6%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">5.0%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD></TR>
  </TABLE>
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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 4.5pt 0.25in; text-indent: -0.25in"><I>Source: Third-party consulting firm
as of March 31, 2020.</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Estimated by the third-party consulting firm.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Afya&rsquo;s total students / total number of students 2020, by segment.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Underlying Trends of Medical Education in Brazil</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition to a large and underpenetrated
total addressable market, we have identified other trends that contribute to the strength of the markets we serve:</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Increased life expectancy and demand for medical services: </B>The Brazilian population is aging at the fastest rate in its recent
history. Average life expectancy is currently 76.2 years, and the number of people</TD></TR></TABLE>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in">over 65 should double from 7% of the total population in 2012
to 14% of the total population in 2033. This has led to, and is expected to continue to drive, increased demand for healthcare professionals.
In addition, private healthcare spending and public healthcare spending in Brazil grew at a CAGR of 14.0% and 11.8%, respectively, from
2010 to 2015, primarily due to an increase in demand for medical services as a result of an aging population and an increase in average
household income. These trends have continued since 2015 to date.</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Shortage of medical professionals in Brazil: </B>There is a shortage of medical professionals in Brazil, primarily due to the uneven
socioeconomic environment. On average, Brazilian cities with less than 50,000 inhabitants, which corresponds to approximately 90% of all
cities in Brazil, have less than one physician per 1,000 residents. Brazil is expected to have an average of 3.07 physicians per 1,000
inhabitants by 2028, below the 3.4 average for 2018 of Organization for Economic Cooperation and Development, or OECD, countries.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Attractive financial incentives: </B>The medical profession is lucrative. Medical professionals are highly employable, with salaries
that are on average more than three times higher than the average salary for other professions such as engineering, nursing and law, and
1.9 to 3.8 times higher than the net present value of engineering, nursing or law programs in Brazil.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Supply and demand imbalance for medical education: </B>The number of available medical course seats in Brazil is controlled by
MEC, which has limited medical school intakes to current levels until 2023, resulting in a significant imbalance between supply and demand.
In the last three years, medical schools have on average received five applications per available medical course seat, and four applications
per available residency program vacancy, and the number of applications are expected to increase. We believe that graduate courses will
gradually become a more popular, high-demand destination for physicians that are not admitted into residency programs.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>CME Expansion: </B>The growing number of physicians in Brazil and the demand for ongoing education on new medical procedures, drugs,
technologies and developments will continue to drive demand for CME.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Technological innovation is driving medical education: </B>The current generation of medical students and professionals requires
instantly accessible digital content. Over 600,000 biomedical articles have been published globally every year since 2005, and it is critical
for lifelong learners to be able to access information and learning methodologies regardless of location and physical availability.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Limited scope of existing product offerings: </B>By generally limiting their focus on individual aspects of a student&rsquo;s education
cycle, traditional education providers have struggled to build comprehensive student track records and profile databases. Consequently,
there is a general lack of integrated platforms that apply accumulated student information to efficiently tailor experiences to, or produce
bespoke materials for, the particular needs of each student.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We believe we are well-positioned to take advantage
of this market and its trends, bringing a more effective, personal and diversified service to our students, which will enable us to continue
to grow our market share.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Our Competition</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We believe we are the only company in Brazil
with a focus on the entire learning career of a physician. However, several companies provide solutions that compete in some of the markets
in which we operate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We compete directly or indirectly with other
post-secondary institutions that offer medicine courses or any of the other higher education courses in our portfolio. This market is
very fragmented and currently there are more than 300 other institutions that offer medical courses in Brazil. The following table sets
forth our main competitors and the number of approved medical seats they had as of December 31, 2020 and December 31, 2019, respectively:</P>



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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Number
    of Approved Medical Seats</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 68%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Company</P></TD>
    <TD STYLE="width: 16%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">As
    of<BR>
    December 31, 2020</P></TD>
    <TD STYLE="width: 16%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">As
    of<BR>
    December 31, 2019</P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Afya Brazil&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,143</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,572</TD></TR>

  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 68%; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">ANIMA&#9;</TD>
    <TD STYLE="width: 16%; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,770</TD>
    <TD STYLE="width: 16%; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">873</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">YDUQS&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,591</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,141</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">UNINOVE&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,158</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,158</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">UNIT&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">600</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">600</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The market for graduate medical courses is
relatively new and a few small players operate in this segment.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Our Products and Services</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We offer the following educational products
and services to lifelong medical learners enrolled across our evolving distribution network, as well as to third-party medical schools.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Medical Schools</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>A fully integrated core curriculum is offered to our medical school students across all our campuses.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>All our medical students have access to our supplemental instructional platforms as part of the internship module of their medical
course, which we implemented for all incoming medical students of the fifth and sixth academic year.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>As of December 31, 2020, this product had 11,030 enrolled students, and had total historical combined tuition fees of R$911.0 million
for the year ended December 31, 2020, which represented 30.5% and 73.7% of our total number of our undergraduate enrolled students and
our historical undergraduate programs combined tuition fees, respectively. As of December 31, 2019, this product had 6,597 enrolled students,
and had total historical combined tuition fees of R$550.2 million for the year ended December 31, 2019, which represented 17.2% and 69.3%
of our total number of our undergraduate enrolled students and our historical undergraduate programs combined tuition fees, respectively.
As of December 31, 2018, this product had 4,540 enrolled students, and had total historical combined tuition fees of R$253.4 million for
the year ended December 31, 2018, which represented 23.0% and 73.3% of our total number of our undergraduate enrolled students and our
historical undergraduate programs combined tuition fees, respectively.</TD></TR></TABLE>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Medical Residency Preparatory Courses</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Instructional content in digital format is offered to medical students and newly graduated physicians to prepare them for medical
residency exams.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Supplementary instructional content in digital format is offered to third-party medical schools that adopt our services.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>As of December 31, 2020, we had 13,039 enrolled students in our medical residency preparatory courses. As of December 31, 2019, we
had 10,759 enrolled students in our medical residency preparatory courses.</TD></TR></TABLE>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Graduate Courses</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Graduate medical courses are offered to our medical school students across all our campuses. These students also have access to some
of our supplemental instructional platforms.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Supplemental instructional content for different medical specializations is offered to individual lifelong medical learners on our
graduate courses.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>As of December 31, 2020, we had 4,181 enrolled students in our graduate courses. As of December 31, 2019, we had 1,588 enrolled students
in our graduate courses.</TD></TR></TABLE>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Other Programs</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Other national core curricula is offered to all students across all of our undergraduate campuses: healthcare degrees and a subset
of non-healthcare degrees, including business and engineering degrees offered by the companies we invested in or acquired.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>As of December 31, 2020, these programs had 25,176 enrolled students, and had total combined tuition fees of R$325.5 million for the
year ended December 31, 2020, which represented 41.0% and 14.0% of our total number of enrolled students and our historical undergraduate
programs combined tuition fees, respectively. As of December 31, 2019, these programs had 10,878 enrolled students, and had total historical
combined tuition fees of R$145.6 million for the year ended December 31, 2019, which represented 28.4% and 18.3% of our total number of
enrolled students and total historical combined tuition fees from all courses offered, respectively. As of December 31, 2018, these programs
had 7,926 enrolled students and total historical combined tuition fees of R$47.4 million, which represents 40.2% and 13.7% of our total
number of enrolled students and total historical combined tuition fees from all courses offered, respectively.</TD></TR></TABLE>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Digital health services</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Subscription-based mobile app and website portal focused on assisting health professionals and students with clinical decision-making
for 30 medical specializations through tools such as medical calculators, charts and updated content, including prescriptions, clinical
scores, medical procedures and laboratory exams, among others.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Free instructional content we offer to physicians, healthcare professionals and students.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>As of December 31, 2020, we had approximately 107,000 monthly active subscribers, or approximately 13% of the total market for doctors
and medical students verified as monthly subscribers, consisting of approximately 5,000 in medical school, 52,500 in preparatory courses,
32,300 in medical specialization courses and 17,200 in continuing medical education.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Our acquisition of PEBMED marked our entry in the digital health services sector, which we believe adds value to our platform. In
particular, our acquisition of PEBMED included the Whitebook product, which added approximately 163,000 active users to our platform and
increase our penetration in the segments in which we already operate through digital health services.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in; text-indent: 0in">The following chart sets forth our market
share by career aging cohort as of May 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_020.jpg" ALT=""></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Our Lifelong Medical Learner Clients</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, we had a total of
53,426 students across all our segments, including 11,030 enrolled in our undergraduate medical programs. As of December 31, 2020, we
had 13,039 enrolled students in our medical residency preparatory courses and 4,181 enrolled students in our medical specialization programs.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition to health sciences courses, which
comprise medicine, dentistry, nursing, radiology, psychology, pharmacy, physical education, physiotherapy, nutrition and biomedicine,
we also offer degree programs and courses in other non-health sciences subjects and disciplines across several of our campuses, including
undergraduate and post graduate courses in business administration, accounting, law, civil engineering, industrial engineering and pedagogy.
These non-health sciences courses are not part of our core business&mdash;the number we offer has increased as a consequence of our strategic
acquisitions in 2018, 2019 and 2020 of multi-disciplinary schools with strong health sciences programs, which are our principal focus.
Although non-health courses are not part of our growth strategy, we expect to continue to offer them to the extent they generate local
demand. These non-health sciences programs represented 14.0%, 18.3% and 15.3% of total historical undergraduate programs combined tuition
fees for all courses offered in 2020, 2019 and 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The attractive dynamics for medical education
in Brazil, including high demand for medical services and low medical density, combined with the exceptional rewards a physician receives
(e.g., high wages, fast payback), create the perfect environment for us, with high demand for health sciences programs throughout the
entire medical career. This scenario enables us to target a unique student profile during our selection process, capturing the most capable
individuals in Brazil.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">According to Educainsights, medical students
are, at the outset of their medical journey, different from students that pursue other career paths. For example, while 27% of students
from non-medical undergraduate courses have a private high school background, that number increases to 82% for medical students. In addition,
64% and 65% of medical students have a father and mother with at least a higher education diploma, respectively, while for non-medical
courses, these figures are 16% and 22%, respectively. As a result, we are able to create a distinguished network of Afya students, which
we believe is essential to the success of our long-term brand building initiatives.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following chart sets forth certain differences
between medical and non-medical students in Brazil:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_021.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, as of December 31, 2020, we had
eight contracts with other partner institutions, which represents our B2B segment. These partnerships allow us to increase our distribution
outreach to other institutions around the country and help us achieve our mission.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Student Financing and Incentive Programs</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Student financing program&mdash;Fundo de Financiamento
Estudantil (<FONT STYLE="font-style: normal">&ldquo;</FONT>FIES<FONT STYLE="font-style: normal">&rdquo;</FONT>)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">FIES is a MEC program created by Law No. 10,260/2001
to provide financing to undergraduate students who are unable to finance their own education.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">After going through several reforms from 2015
onwards, the government launched the &ldquo;New FIES&rdquo; in early 2018, to be provided in the following categories:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Public FIES&mdash;Per capita income of up to three minimum wages, with zero interest rate. The financing is provided by federal government
funds and contributions from Higher Education Institutions, or HEIs, through the fund FG-FIES. Therefore, the credit risk is divided between
the government and the private HEIs.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Private FIES (&ldquo;P-FIES&rdquo;)&mdash;Per capital income of up to five minimum wages, with low interest rates. Regional funds
and private financial institutions, provide the financing.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, our exposure to FIES
was 14.5% of our total student base, which represented 11.8% of our total revenue for that period. See &ldquo;Item 3. Key Information&mdash;D.
Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;Changes to the rules or delays or suspension of tuition payments
made through FIES may adversely affect our cash flows and our business.&rdquo; for further information.</P>


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<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Incentive program&mdash;Programa Universidade Para
Todos</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Programa Universidade Para Todos,</I> or
PROUNI, was established in 2005 through Law No. 10,096/2005, which offers full and partial scholarships (50%), in private HEIs for undergraduate
and subsequent courses of specific training, to Brazilian students without a higher education diploma. Additionally, the Government offers
federal tax exemptions to the higher education institutions adhering to PROUNI.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Private higher education institutions, whether
for profit or not, may join PROUNI by signing a term of adhesion (valid for 10 years), and at least (i)&nbsp;offer a full scholarship
for every 10.7 students who pay a regular monthly fee and are regularly enrolled at the end of the previous school year; or (ii)&nbsp;an
integral scholarship for every 22 students who pay the regular monthly tuition fees in specific undergraduate and subsequent courses,
provided they also offer scholarships of 50% or 25%, in amounts necessary so that the sum of the benefits granted is equivalent to 8.5%
of its annual revenue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The tax exemptions (in whole or in part) for
HEIs that participate on this program are the following:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>IRPJ (income tax) and CSLL (social contribution), with respect to the portion of net income in proportion to revenues from traditional
and technology undergraduate programs; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Cofins (Contribution for the Financing of Social Security) and PIS (Program of Social Integration), concerning revenues from traditional
and technology undergraduate programs.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, our exposure to PROUNI
was 4.9% of our student base. Although we fulfilled all required scholarships to receive 100% of tax exemption, PROUNI does not cover
our operation outside of our undergraduate programs.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Other private financing program</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Afya offers private financing program through
external partners (Banco Santander and Raydan) for undergraduate students. The credit risk is taken 100% by the partner.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Key Benefits for our Lifelong Medical Learners</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We believe the end-to-end physician-centric
ecosystem we have been developing for our students sets us apart from our peers, as we deliver content and learning activities that are
tailored to each student&rsquo;s needs. This contributes to a more interactive and enjoyable learning process for our students, breaking
away from a teaching system that we perceive as presenting students with an overwhelming amount of content, unengaging classes and scattered
information. We achieve this based on three main pillars: innovative data-oriented methodology, a cutting-edge platform and state-of-the-art
operating environment.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_022.jpg" ALT=""></P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Innovative, Data-oriented Methodology</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our proprietary methodology to support our
students&rsquo; lifelong medical education is based on the following concepts:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Standardized medical curricula:</I> The
organization of our medical curricula around interdisciplinary macro-medical topics to guide the development of in-person teaching plans
and online learning tools, offering a scalable solution for schools through weekly synchronized content;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Active learning:</I> Educational strategy
to foster independent, critical and creative student thinking, as well as encourage effective teamwork through case-based problem-solving
exercises, debates and small-group discussions;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Blended learning:</I> Balanced in-person
teaching with technology-assisted activities to improve student and teacher efficiency and results; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Adaptive learning:</I> A personalized instruction
and assessment tool that provides training and content tailor-made to each student&rsquo;s individual profile. Students can access real-time
feedback on areas in which they can improve, effective learning methods and teaching/study plans that are most suitable for them.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Cutting-Edge Digital Platform</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We deliver modern, bespoke verbal and practical
teaching. We continuously invest in creating innovative, technology-enabled activities and features to enhance our platform. We offer
our medical school students doing internships or studying for residency exams the following features through our digital platform:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Web portal and in-app communication:</I>
Online platform combining supplementary instructional content and a personalized communication tool for students, through which they can
also access our content offline;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Learning tools</I>: We have over 21,500
digitally managed and delivered instructional tools designed by teachers to address complex learning objectives. Content is organized
and tagged by theme and delivered in various formats, including, among others, online classes, podcasts, quizzes and books, to cater
to different learning methods and the preferences of each student. As of December 31, 2020, our learning tools consisted of more than
14,850 video classes, 3,100 book chapters, 3,560 podcasts and an exam bank of approximately 120,000 questions;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Assessment tool</I>: Broad database suite
composed of approximately 99,000 quizzes and problem-solving activities, through which students can choose the subjects they would like
to focus on, with additional teacher-led instructional content;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Web series: </I>Pioneering instructional
medical web-series, &ldquo;Resid&ecirc;ncia M&eacute;dica,&rdquo; was written and taught by specialist physicians who are also our teachers.
The first season covered 50 clinical cases through the discussion of 145 medical macro themes. We have already completed 6 out of 12 episodes
for the second season, and we plan to release the remaining episodes as soon as we can go back to filming in a hospital environment. The
third season is planned for the first semester of 2021;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Tutoring/mentoring platform</I>: An online
monitoring and support platform for both undergraduate and graduate medical students, which we launched in October 2019. The platform
allows tutors to interact with students through emails, video calls, voice calls and push notifications, and keeps records of such interactions.
It also allows students to ask the tutors questions and schedule appointments. The platform also tracks individual student performance
and progress; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Digital health services platform</I>: A
combination of mobile and web applications focused on helping physicians, nurses, healthcare professionals and medical students in their
clinical decision-making and providing medical references and updates for the medical community.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">State-of-the-Art Operating Environment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For us, individualized learning should be used
not just when offering content or technology-supported activities, but also during in-person encounters. Our professors can use our resources
to approach lessons more objectively, focusing on each student&rsquo;s needs:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Modern teaching facilities:</I> We have
designed our classrooms to engage students in active learning. We rely on cutting-edge didactical equipment and simulation labs and state-of-the-art
realistic simulation technologies;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Medical specializations centers:</I> Our
campuses offer simulation centers and clinics where students can practice primary and secondary care, leveraging the learning process
and providing medical assistance to the local population; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Practical learning network:</I> Throughout
the internship cycle, our students can access over 60 partner teaching hospitals and clinics, the largest network of any education group
in Brazil.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Evolving Distribution Network</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We believe that an effective end-to-end physician-centric
ecosystem goes beyond offering the largest and most complete operating infrastructure to the students enrolled in our campuses and with
access to our digital platforms. Through our evolving distribution model, we also expect to empower lifelong medical learners across our
growing network of diversified partner teaching hospitals, clinics and third-party medical schools by increasing our products and services
offerings as we continue to expand our business-to-business, or B2B capabilities. Our partnerships include renowned institutions such
as the Brazilian Cancer Foundation, which joined our network in January 2020.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Seasonality of Operations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Business Unit 1&rsquo;s tuition revenues do
not have significant fluctuations during the year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Business Unit 2&rsquo;s sales are concentrated
in the first and last quarter of the year, as a result of enrollments at the beginning of the year. The majority of Business Unit 2&rsquo;s
revenues is derived from printed books and e-books, which are recognized at the point in time when control is transferred to the customer.
Consequently, Business Unit 2 generally has higher revenues and results of operations in the first and last quarter of the year compared
to the second and third quarters of the year.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Marketing and Sales</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our marketing strategy is focused on identifying,
qualifying and converting potential students into enrollments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We execute our marketing strategy as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Identification: </B>We use online and offline media channels to distribute relevant content for all decision-making phases of current
and future physicians, so that they interact with our solutions throughout their learning careers.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Qualification: </B>After we obtain data on a potential student, we identify his/her needs by offering content that matches his/her
academic phase. In addition, through our score models, we can identify potential students that are more likely to enroll with us.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Conversion: </B>From that point on, we contact our sales department (online and inside sales) to convert potential students into
enrolled students through structured sales campaigns and continuous monitoring of conversion indices.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As our business model is end-to-end and physician-centric,
we aim to accompany our lifelong learners on each stage of their career. Therefore our sales funnels are calibrated according to the segment&rsquo;s
supply-demand curve (graduation, preparatory, etc.), level of competition and other strategic variables.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For example, in medical schools, the most challenging
task is to identify potential students interested in attending medical school in a given cycle, since conversion typically occurs organically
due to the high demand for these courses. Our challenge is to attract and enroll the best ENEM students in our medical schools. With respect
to the medical residency preparatory phase and graduate programs, our main focus is to show potential students the benefits of our methodology
in terms of results and cost-benefit in order to guide them towards adopting our solutions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our marketing and sales efforts are supported
by Salesforce products (Sales Cloud, Marketing Cloud and Einstein), as well as other online analytical tools such as Google Analytics.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our business model, combined with the use of
CRM tools gives us a unique competitive advantage: The ability to identify, market and offer products to virtually all medical students
and physicians in Brazil.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Technology and Intellectual Property</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Technology</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In recent years, we have implemented several
initiatives to improve operational efficiency and to integrate processes across several campuses and operations. We plan to continue this
process in the future to fully consolidate Afya Brazil&rsquo;s integrated systems with those of our recent acquisitions.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Shared Services Center</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We have invested in a modern Shared Services
Center, or SSC, to process back-office and non-student facing transactions that has idle capacity and is expected to enable student base
growth with low marginal costs.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Integrated Systems</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We have adopted third-party systems to handle
our internal systems in a fully integrated manner:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Enterprise Resource Planning, or ERP: </B>TOTVS ERP RM is the leader solution in the Education Industry in Brazil and delivers
a flexible systemic solution that fits our companies&rsquo; processes to improve management and organization. At the same time, it allows
high governance of the processes, with complete control of all back-office activities, preventing operational errors and allowing efficient
tax-related calculations and control of government obligation.</TD></TR></TABLE>


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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Academic System: </B>TOTVS RM Educacional is a mature platform that allows the configuration of the student payment plan attached
to the disciplines enrolled and processes preventing manual financial transactions and making the process more flexible and efficient.
This system includes both Student and Faculty Portals, with features that allow mobile frequency monitoring and provide payment solutions
to students and also manages the faculties&rsquo; time sheet and payroll.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Learning Management System, or LMS: </B>Canvas LMS is a cloud-native, highly scalable system that connects all digital learning
tools and evaluation resources accessed nationally by our faculties and students.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of the date of this annual report, ESMC,
UNISL, PEBMED, FESAR, Medphone, FCMPB, iClinic, Medicinae, Medical Harbour and Cliquefarma independently operate their own ERP systems.
We are working to migrate the systems from the companies described above in order to fully incorporate them into our integrated systems.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Intellectual Property</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We rely on a combination of copyright, trademark
and trade secret laws, as well as employee and third-party non-disclosure, confidentiality and other types of contractual arrangements
to establish, maintain and enforce our intellectual property rights, including with respect to our proprietary rights related to our products
and services. In addition, we license technology from third parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, we owned more than
6,000 learning materials (e.g., classes, materials and videos) that comply with the national curriculum and that are developed by our
teachers.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Insurance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We have insurance policies with reputable insurers
in amounts considered sufficient by our management to cover potential losses arising from indemnities that we may have to pay to third
parties as a result of our operations. The policies for our operating units have an aggregate coverage limit of up to approximately R$390.9
million. The Company and its subsidiaries have a risk management program with the purpose of delimiting the risks, seeking in the market
coverage compatible with its size and operations. We seek coverage against risks that are compatible with our scale and type of operations,
considering the nature of our activities, the risks we are exposed to, market practices in our industry, and the advice of our insurance
consultants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">While we believe our insurance contracts reflect
standard market practices, there are certain types of risks that may not be covered by the policies (such as war, terrorism, acts of God
and force majeure, liability for certain harm or interruption of certain activities). Therefore, if any of these uncovered events occur,
we may be obliged to incur additional costs to remedy the situation, reconstitute our assets and/or indemnify our customers, which may
adversely affect us. Furthermore, even in the event that we incur a loss that is covered by our policies, we cannot assure that damages
awarded by our insurers will be sufficient to cover the losses arising from the insured event. See &ldquo;Item 3. Key Information&mdash;D.
Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;We may be held liable for extraordinary events that may occur
at our campuses, which may have an adverse effect on our image and, consequently, our results of operations.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Regulatory Overview</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Brazilian Constitution establishes education
as a right for all citizens and a duty of the State and the family. Accordingly, the government is required to provide all Brazilian citizens
with access to free primary education with compulsory attendance. Private investment in education is permitted as long as entities providing
education services comply with the applicable rules and regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Brazilian education system is organized
under a cooperative management among federal, state and municipal governments. The federal branch is required to organize and coordinate
the federal educational system in order to guarantee equal opportunity and quality of education throughout Brazil. The states and the
Federal District are required to focus on secondary education, while municipalities are responsible for providing pre-primary school and
primary education.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Private Higher Education Institutions are part
of the federal educational system and their activities are regulated by the federal government, and universities have didactic, scientific
and administrative autonomy as provided by the Brazilian Constitution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Additionally, Law No. 9,394 of December 20,
1996, named by National Education Guidelines Law <I>(Lei de Diretrizes e Bases da Educa&ccedil;&atilde;o,</I> or LDB) provides the guidelines
for the provision of educational services in Brazil and sets forth the federal government&rsquo;s duty to, among others: (i)&nbsp;coordinate
the national education system; (ii)&nbsp;prepare the National Education Plan; (iii)&nbsp;provide technical and financial assistance to
the states, the Federal District and municipalities; and (iv)&nbsp;define, in cooperation with other federal entities, the responsibilities
and guidelines for primary and secondary education, with the federal government&rsquo;s priority in post-secondary education, issuing
rules and regulations regarding undergraduate and graduate programs, and carrying out the activities relating to the accreditation of
institutions, authorization and recognition of courses and monitoring and evaluation of the educational system as a whole.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, the federal government, through
Law No. 10,172 of January 9, 2001, implemented the first National Education Plan <I>(Plano Nacional de Educa&ccedil;&atilde;o,</I> or
PNE), with a duration of 10 years from the date of its publication. The PNE established objectives for post-secondary education to be
met by all branches of government. The primary goal was to offer post-secondary education to at least 30% of the population aged 18 to
24 by 2010. After the expiration of the first PNE, a new plan was enacted and the objectives were revised for the period of 2014 to 2024,
consolidated by Law No. 13,005 of June 25, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The new goals consist of: (1)&nbsp;increasing
post-secondary education enrollment rates to 50% of the population aged 18 to 24; (2)&nbsp;increasing the quality of post-secondary education
by raising the proportion of academic staff with master&rsquo;s degrees and doctorate degrees to 75%, of which at least 35% shall be doctorates;
and (3)&nbsp;increasing progressively <I>stricto sensu</I> postgraduate programs. Such goals apply to each federation territory, and provide
orientation for the private education sector.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Finally, each of the federal, state and municipal
governments are required to prepare a 10-year education plan and to establish policies, guidelines and objectives applicable to the segment
of the Brazilian education system over which it has responsibility.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Post-secondary Education</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The post-secondary education sector is subject
to comprehensive government regulation. Its purpose is to ensure the quality of educational services, through evaluations of the ability
of educational institutions to meet minimum standards established by CNE and approved by MEC. This evaluation includes the analysis of
pedagogical projects, the infrastructure of Higher Educational Institutions, or HEIs, and their academic staff, and the results of such
evaluations are considered in the proceedings for opening new units and new courses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Therefore, activities and courses offered by
HEIs in Brazil depend on authorizations and are subject to ongoing regulation, guided by the results of quality assessments. The federal
responsibility to regulate, monitor and evaluate post-secondary education institutions and programs is exercised by the MEC, the CNE,
the INEP and the CONAES.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Ministry of Education</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Ministry of Education, or MEC, is the highest
authority for post-secondary education within the Brazilian national education system, whose competence consists, among other prerogatives,
of the following: (1)&nbsp;confirming CNE&rsquo;s accreditation decisions for post-secondary education institutions; (2)&nbsp;confirming
evaluation systems and criteria adopted by the INEP; (3)&nbsp;confirming opinions and regulation proposals from the CNE; (4)&nbsp;issuing
rules and instructions for compliance with laws, decrees and regulations pertaining to education issues; and (5)&nbsp;regulating and monitoring
the post-secondary education system through its secretariats.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">National Education Council</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The National Education Council, or CNE, is
a consulting and decision-making body monitored by the MEC, collectively comprised of the Chamber of Primary and Secondary Education,
or CEB, and the Chamber of Post-secondary Education, or CES, each composed of 12 members appointed by the President of Brazil.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">CNE is required, among other responsibilities,
to: (i)&nbsp;issue regulations to implement MEC&rsquo;s guidelines, as well as advise and support MEC in its activities and decisions;
(ii)&nbsp;decide on accreditation applications and renewals from post-secondary education institutions engaged in distance learning, based
on the opinion of the relevant secretariats; (iii)&nbsp;propose guidelines and deliberate on the preparation of the evaluation instruments
for accreditation and re-accreditation of institutions to be elaborated by INEP; (iv)&nbsp;issue guidelines to be observed by SERES for
accreditation and re-accreditation of universities, university centers and colleges; (v)&nbsp;determine, through the CES, the inclusion
and exclusion of course designation from the catalog of advanced technology courses; (vi)&nbsp;rule on appeals of decisions issued by
SERES, CEB or CES; and (vii)&nbsp;analyze and propose questions regarding the application of post-secondary education legislation to the
MEC.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">An&iacute;sio Teixeira National Institute for
Educational Research</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The An&iacute;sio Teixeira National Institute
for Educational Research, or INEP, is a federal body linked to the MEC whose main responsibilities are, among others, to: (i)&nbsp;design,
plan, coordinate and operationalize actions for the evaluation of HEIs, undergraduate courses and government schools, as well as the National
Student Performance Examination, or ENADE, the examinations and assessments of undergraduate students; (ii)&nbsp;design, plan, coordinate,
operationalize and evaluate indicators related to post-secondary education resulting from examinations and inputs from official databases,
the establishment and maintenance of databases of specialized evaluators and collaborators, including the appointment of evaluation committees;
(iii)&nbsp;prepare and submit to MEC the instruments for external evaluation <I>(in loco),</I> in accordance with the guidelines proposed
by the SERES and by other competent bodies; (iv)&nbsp;design, plan, evaluate and update the indicators for the external evaluation instruments
in place, in accordance with the guidelines proposed by CONAES; (v)&nbsp;chair the Technical Committee for Evaluation Monitoring; and
(vi)&nbsp;plan, coordinate, operationalize and evaluate the actions necessary to achieve its objectives.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">National Higher Education Evaluation Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The National Higher Education Evaluation Commission,
or CONAES, is a coordination and monitoring body of the National Higher Education Evaluation System, or SINAES, monitored by MEC, composed
of a President and 13 members, including one representative of the INEP, one representative of the <I>Funda&ccedil;&atilde;o de Coordena&ccedil;&atilde;o
de Aperfei&ccedil;oamento de Pessoal de N&iacute;vel Superior</I> (Foundation for the Coordination of Improvement of Post-secondary Education
Personnel, or CAPES), three representatives of the MEC (one of which must come from the body responsible for the regulation and monitoring
of post-secondary education), one representative of the student body of post-secondary education institutions, one representative of the
academic staff of post-secondary education institutions, one representative of the administrative body of post-secondary education institutions,
and five members appointed by the Minister of Education, with distinguished scientific, philosophic and artistic knowledge and proven
expertise in post-secondary evaluation or management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Among other activities CONAES is required to:
(i)&nbsp;propose and evaluate the dynamics, procedures and mechanisms for institutional evaluation, courses and student performance; (ii)&nbsp;establish
guidelines for the organization of evaluation committees, analyze reports, prepare opinions and submit recommendations to the competent
bodies; (iii)&nbsp;formulate proposals for the development of HEIs, based on the analysis and recommendations produced in the evaluation
processes; (iv)&nbsp;communicate with the state educational systems, with the aim to establish common actions and criteria for the evaluation
and supervision of post-secondary education; and (v)&nbsp;annually submit for approval by the Minister of Education the list of courses
for which students will apply for the ENADE.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Organization of Post-secondary Education Institutions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In order to allow post-secondary education
institutions to fulfill their objectives, the LDB also provides that post-secondary education includes the following programs:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Undergraduate courses,</I> including traditional and technological undergraduate courses, offering specific training and diplomas
to students, open to candidates who have completed high school or equivalent and who have been approved in the respective selection or
entrance examinations;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Post-graduate courses,</I> including master and doctoral degrees, specialization courses, further training courses and others,
open to candidates who hold a diploma in an undergraduate course and who meet the requirements laid down by educational institutions;
and</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Extension courses,</I> understood as any academic, technical or cultural activity that is not included as an integral and compulsory
part of the undergraduate and postgraduate curriculum, in which the students receive certificates. Such courses are open to candidates
who meet the requirements established in each case by educational institutions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">According to the LDB, post-secondary education
can be provided by public or private institutions. A private post-secondary education institution must be controlled, managed and supported
by an individual or a legal entity with responsibility for financing its supported entities. Post-secondary education institutions may
be supported by for-profit or not-for-profit private institutions, or supporting entities, as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Private in the strict sense:</I> private for-profit institutions created and maintained by one or more private individuals or legal
entities;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Community:</I> incorporated by groups of individuals or by one or more legal entities and that include representatives of the community
in their organizational structure;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Confessional:</I> incorporated by groups of individuals or by one or more legal entities that meet the specific confessional and
ideological orientation and that include representatives of the community in their organizational structure; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Philanthropic,</I> in the form of the applicable regulations.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">According to their organization and academic
prerogatives, post-secondary education institutions can be:</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Colleges:</I> colleges are public or private HEIs offering post-secondary programs in one or more areas, maintained by a single
supporting entity and with isolated management and direction. Colleges are allowed to offer programs along several levels, namely bachelor&rsquo;s,
associate&rsquo;s, specialization and graduate programs (master&rsquo;s and doctorate degrees). Colleges have minimum requirements with
regard to qualification of faculty members and their labor practices, and cannot establish new campuses, courses, or spots without prior
authorization from MEC;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>University Centers:</I> university centers are public or private education institutions offering several bachelor&rsquo;s, associate&rsquo;s
and graduate programs, and are expected to provide appropriate work conditions, education and qualification opportunities for their professors.
To be considered a university center, the institution shall comply with such requirements: (i)&nbsp;at least one-fifth of the faculty
members of a university center must hold a master&rsquo;s or doctorate degree; (ii)&nbsp;at least 20% of the faculty members must work
on a full-time basis; (iii)&nbsp;at least eight undergraduate courses shall be recognized and have obtained a satisfactory concept in
the on-site external evaluation carried out by INEP; (iv)&nbsp;have an institutionalized extension program in the areas of knowledge covered
by their undergraduate courses; (v)&nbsp;have a scientific initiation program with a project supervised by doctoral or masters professors,
which may include programs of professional or technological initiation and initiation to teaching; (vi)&nbsp;have obtained an Institutional
Concept, or CI, greater than or equal to four in the on-site external evaluation performed by INEP; and (vii)&nbsp;have not been penalized
as a result of an administrative supervision process in the last two years; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Universities:</I> universities are public or private education institutions offering several post-secondary programs, continuing
education and research development. Like University Centers, certain requirements for university re-accreditation must be observed, namely:
(i)&nbsp;one-third of the academic staff is hired on a full-time basis; (ii)&nbsp;one-third of the faculty members must have a master&rsquo;s
or doctoral degree; (iii)&nbsp;at least 60.0% of the undergraduate courses shall be recognized and have a satisfactory concept obtained
in the evaluation proceedings carried out by INEP; (iv)&nbsp;have an institutionalized extension program in the areas of knowledge covered
by their undergraduate courses; (v)&nbsp;have a scientific initiation program with a project supervised by master&rsquo;s or doctoral
professors, which may include programs of professional or technological initiation and initiation to teaching; (vi)&nbsp;have obtained
CI greater than or equal to four in the external evaluation carried out by INEP; (vii)&nbsp;regularly offer four master&rsquo;s degree
courses and two PhD courses recognized by MEC; and (viii)&nbsp;have not been penalized as a result of an administrative supervision process
in the last two years.</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The LDB provides that the following powers
are granted to universities and university centers in the exercise of their autonomy, amongst others: (i)&nbsp;to create, organize and
discontinue post-secondary education programs on their premises, subject to the applicable regulation; (ii)&nbsp;to establish the curricula
for programs, subject to the applicable general guidelines; (iii)&nbsp;to establish plans, programs and projects in connection with scientific
research, artistic production and extra-curricular activities; (iv)&nbsp;to establish the number of student offerings available; and (v)&nbsp;to
create and change their bylaws in accordance with the applicable general rules, as well as to award degrees, diplomas and other certificates.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Distance Learning</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Distance learning in Brazil is regulated by
article 80 of the LDB, by Decrees 9,057 and 9,235, both of 2017, by Ordinances No. 11 and 23, both of 2017, and CNE&rsquo;s Resolution
No. 1, of 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Distance learning is defined as the educational
method in which didactic and pedagogic processes are conducted through information and communication media and technologies, with students
and teachers interacting in educational activities while located in different locations or at different times.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Pursuant to the applicable regulations, distance
learning is subject to different factors compared to traditional methods, including: (i)&nbsp;reduced transmission costs in commercial
channels of sound and audiovisual broadcasting; (ii)&nbsp;concession of channels with exclusive educational purposes; and (iii)&nbsp;minimal
time reservation, with no onus on the public authorities, by the concessionaries of commercial channels.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Distance learning can be offered at the following
levels and as part of the following educational methods: (i)&nbsp;primary and secondary education, as long as it is used only to supplement
learning processes or in emergency situations; (ii)&nbsp;education for young people and adults, according to specific legal criteria;
(iii)&nbsp;special education, according to specific legal criteria; (iv)&nbsp;professional education, covering technical programs at the
secondary level and technological programs at the post-secondary level; and (v)&nbsp;post-secondary education, covering graduate, master&rsquo;s
programs, specializations, and doctorate studies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Graduate courses (bachelor&rsquo;s, licentiate
and technological) may be offered using distance learning methods whenever a post-secondary institution is regularly accredited by the
MEC for this purpose.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Pursuant to Decree No. 9,057, 2017, institutional
accreditation and reaccreditation, as well as the authorization and recognition of courses and their renewal will be subject to on-site
evaluation, with the aim to verify the existence and suitability of the method, infrastructure, technology and personnel that may enable
the execution of the activities provided in the Institutional Development Plan or PDI and the Pedagogical Project of the Course, or PPC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">HEIs accredited for the offering of post-secondary
education in the distance modality that hold autonomy prerogatives (universities and university centers) do not require authorization
for operation of the post-secondary course in the distance modality, but shall inform the MEC about the offering of the course within
60 days of the date of creation of such course, for the purposes of supervision, evaluation and recognition. Also, accredited HEIs must
inform the MEC about the creation of distance learning supporting units and the alteration of their addresses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Although distance learning is defined by the
absence of direct contact between students and teachers, there are activities that must be conducted on-site, such as tutorials, evaluations,
internships, professional practice, laboratory and dissertation defense, which are to be provided in the educational and development projects
of the institution and the course. Accordingly, the distance learning institutions must provide the necessary infrastructure for the students
to conduct those activities, using the headquarters of the education institution or smaller supporting units throughout the country. Distance
learning supporting units are no longer subject to on-site evaluation or required to obtain prior authorization of MEC in order to be
set up or operated. Pursuant to Ordinance No. 11/2017, such units can be created by unilateral decision of the institution itself.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Distance courses and programs must be projected
with the same defined duration for the respective on-site courses. The evaluation of performance of students for the purposes of promotion,
conclusion of the course and obtainment of diplomas and certificates must be conducted through the conclusion of the programmed activities
and on-site exams by the accredited HEIs, following procedures and criteria defined in respective PPC.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The evaluation of the distance learning courses
is performed in a very similar manner as the evaluation of on-site courses. In the event of any irregularity or non-compliance to any
of the previously established conditions set by the MEC, the competent body may initiate an administrative proceeding that may result
in one or more penalties, such as: (i)&nbsp;forfeiture of accreditation or reaccreditation to operate as a distance learning institution;
(ii)&nbsp;intervention; (iii)&nbsp;temporary suspension of autonomy prerogatives; (iv)&nbsp;initiate reaccreditation proceedings; (v)&nbsp;reduction
of available vacancies within courses; (vi)&nbsp;temporary suspension of new students admissions; and (vii)&nbsp;temporary suspension
of courses offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Diplomas and certificates for distance learning
courses and programs from accredited institutions are valid throughout the national territory and institutions are not entitled to set
different criteria for diplomas issued for distance learning courses and those issued for on-site courses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Distance learning courses may be offered only
by HEIs that hold specific accreditations for this purpose. It is MEC&rsquo;s responsibility to promote the accreditation acts of post-secondary
institutions. To act outside the institution&rsquo;s local geographic reach, the institution shall require an extraterritorial accreditation
to the MEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Distance learning courses or programs requires
periodic renewal. Also, the accredited institution must initiate the authorized coursework within 24 months from the accreditation, and
if the institution does not implement the authorized activities in such time frame, it will be subject to an administrative proceeding
that may result in the cancelling of the given authorization.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Pursuant to Decree No. 9,057/2017, post-secondary
courses may be offered in the distance learning modality through a partnership between an accredited distance HEI and another company.
In this case, applicable regulations establish that educational activities must be conducted in the facilities of the accredited HEI,
which will be responsible before MEC for the regularity of the teaching and learning processes. Accordingly, the HEI must inform MEC of
its partnerships, describing their purpose and most relevant aspects, in order for MEC to be able to assess eventual irregularities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In any case, distance learning courses and
programs are subject to the evaluation rules of the SINAES in the same manner that on-site courses are.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Regulatory Processes of Post-secondary Education Institutions</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Accreditation of Post-secondary Education Institutions
and Authorization and Recognition of Courses</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A post-secondary education institution is initially
accredited as a college. The accreditation as a university or university center is only granted after the institution has operated as
a college and met satisfactory quality standards, including positive assessments in the SINAES. In addition, the HEI must fulfill other
legal requirements that could vary according to the respective category, such as the requirement that a certain percentage of faculty
members meet minimum graduation standards (i.e., a doctorate or master&rsquo;s degree), and specific types of labor regimes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The application for qualification of a post-secondary
education institution must be supported by various documents, including:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Supporting entity:</I> (i)&nbsp;incorporation documents, duly registered with the competent body, evidencing its existence and
legal capacity, in accordance with civil legislation; (ii)&nbsp;proof of registration in the National Taxpayer&rsquo;s Registry or, CNPJ;
(iii)&nbsp;certificates of tax and social security compliance; (iv)&nbsp;proof of ownership of assets capable of supporting the education
institution; (v)&nbsp;financial statements; and (vi)&nbsp;consent form executed by the supporting entity&rsquo;s legal representative,
vouching for the veracity and regularity of the provided information and the financial capability of the supporting entity; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><I>Post-secondary education institution:</I> (i)&nbsp;proof of payment of the on-site evaluation fee related to the external evaluation
to be performed by INEP; (ii)&nbsp;PDI; (iii)&nbsp;bylaws and internal regulations; (iv)&nbsp;identification and qualification of managers,
with a description of their academic and administrative experience; (v)&nbsp;receipt of regularity and availability of the teaching facilities;
(vi)&nbsp;plan of accessibility assurance, pursuant to the regulation and followed by a technical report by a competent professional or
public body; and (vii)&nbsp;compliance with the legal requirements related to the safety of the building, including having an escape route
in case of fire, proved by a specific report issued by the competent public body.</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In relation to the accreditation process of
a new post-secondary educational institution and linked course authorizations, MEC may issue a temporary accreditation act to expedite
the operation, pursuant to article 24 of Decree No. 9,235/2017, as long as the supporting entity complies with all the following requirements:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>all self-supporting post-secondary education institutions have ben reaccredited in the last five years obtaining an average Institutional
Score <I>(Conceito Institucional)</I> greater or equal to &ldquo;4&rdquo;;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>none of its post-secondary education institutions have been subject to administrative penalties by MEC in the last two years; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the courses to be offered by the new post-secondary institution, which are limited to a maximum of five courses, must already be offered
by other institutions supported by the same supporting entity and duly recognized by MEC in the last five years with a Program Score <I>(Conceito
de Curso)</I> greater or equal to &ldquo;4&rdquo;.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Following the initial accreditation as a post-secondary
education institution, colleges depend on authorization issued by the MEC to offer post-secondary education courses. Within their autonomy,
universities and university centers do not depend on authorization by the MEC to create the majority of post-secondary education courses
and campuses in the same city as its headquarters, except for medicine, dentistry, psychology, nursery and law courses, which necessarily
must be previously authorized by the MEC. In any other cases, institutions are required to inform the MEC about the programs they offer
for purposes of monitoring, evaluation and further recognition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, Ordinance No. 328/2018 enacted
by MEC suspended the opening new undergraduate courses in medicine until 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In the authorization for post-secondary on-site
courses of the federal education system the external in loco evaluation can be waived after documentary analysis if the following requirements
are met: (i)&nbsp;having an Institutional Score <I>(Conceito Institucional)</I> greater than or equal to &ldquo;3&rdquo;; (ii)&nbsp;absence
of a supervision process; and (iii)&nbsp;the institution offers other courses in the same area of knowledge which meet the minimum evaluation
standards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Requesting authorization for a course must
be supported by the following documents, among others: (i)&nbsp;proof of payment of the on-site evaluation fee; (ii)&nbsp;the PPC, outlining
the number of students, classes, description of the program and other relevant academic elements, and describing the facilities, technology
and staff for the distance learning support units, if applicable; (iii)&nbsp;list of faculty members, together with the relevant agreements
entered into with the education institution, together with their respective titles, working hours and work regime; and (iv)&nbsp;proof
of availability of the teaching facilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Universities and university centers may also
apply for the accreditation of a campus not located in the same city as its headquarters, provided that it is located in the same state.
Such campuses and programs must integrate the same set of universities or university centers and will only enjoy autonomous prerogatives
if there is compliance with the same headquarters requirements and if a high quality degree is shown, through an average Institutional
Score <I>(Conceito Institucional)</I> greater or equal to &ldquo;4&rdquo;. Therefore, even in the case of universities or university centers,
prior authorization from the MEC is necessary to create any courses on campuses not located in the same city as the university&rsquo;s
headquarters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Once authorization for a given program has
been issued, post-secondary education institutions, including university centers and universities, must also file a request for the recognition
of the program as a condition for the national validation of the respective diploma. The requirement must be filed with MEC after the
midway point of the term established for the completion of the corresponding program and three-quarters completion of such term, and must
include the following documents, among others: (i)&nbsp;PPC, including the number of students, schedules and other pertinent academic
information, (ii)&nbsp;list of faculty members, listed in the national registry of instructors, and (iii)&nbsp;proof of availability of
the teaching facilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Authorization and recognition of courses, as
well as accreditation of post-secondary education institutions must have a limited term and be renewed periodically following the regular
evaluation process, currently established according to the evaluation cycles of the SINAES.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our post-secondary education institutions are
accredited by the MEC and their courses are duly authorized. We also make every effort to comply with all applicable regulations to maintain
our institutions and courses compliant with MEC regulations.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Modification of Supporting Entity</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Pursuant to Decree No. 9,235/2017 and Ordinance
No. 23/2017, modification of a supporting entity occurs whenever there is a change in the supporting entity or its controlling shareholder,
affecting the decision-making process. Although it no longer depends on the approval of MEC, MEC must be informed within 60 days of the
consummation of the event for the purposes of updating the registration with MEC. Such notice must be followed by all the legal documents
related to the alteration, duly registered and the term of commitment executed by the legal representatives of both the current and new
supporting entities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The new supporting entity or controlling shareholder
must meet the requirements necessary for the accreditation of a post-secondary education institution, which will be assessed by MEC in
the context of the institution&rsquo;s reaccreditation proceedings. Additionally, the LDB also provides that educational institutions
must inform the MEC of any change in their bylaws, which must be registered with the competent bodies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The transfer of programs or courses between
HEIs is strictly prohibited and may subject the involved entities to penalties such as: (i)&nbsp;suspension of new students&rsquo; admission;
(ii)&nbsp;suspension of the offering of undergraduate or postgraduate <I>lato sensu</I> courses; (iii)&nbsp;suspension of the institution&rsquo;s
autonomy to, among others, create new post-secondary courses and establish course curricula, if applicable; (iv)&nbsp;suspension of the
license to establish new distance-learning programs; (v)&nbsp;override any ongoing regulatory requests filed by the institution and prohibit
the filing of any new regulatory requests; (vi)&nbsp;suspension of the participation in the New FIES; (vii)&nbsp;suspension of the participation
in PROUNI; and (viii)&nbsp;suspension or restriction to participate in other federal educational programs.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Financing Alternatives for Students: Incentive Programs</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Programs providing for public funding to students
enrolled with private higher education institutions has been a major public policy to expand access to post-secondary education in Brazil,
especially for the low-income segment of the population. The most important programs are the following.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">University for All Program</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The University for All Program, or PROUNI is
a tax incentive program created through the Provisional Measure No. 213, of September 10, 2004, later converted into Law No. 11,096, of
January 13, 2005, that addresses the exemption of certain federal taxes imposed to post-secondary institutions that grant scholarships
to low-income students enrolled in undergraduate courses and technology graduate courses. By granting tax incentives to IES, PROUNI has
played an important role in inciting the growth and private investment in the post-secondary education sector.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Private post-secondary institutions may adhere
to PROUNI by the execution of a specific agreement with MEC, valid for 10 years and renewable for the same period. Such agreement must
be emended every semester with an additional term establishing the number of scholarships to be offered in each course, unit and class,
and what percentage of scholarships shall be granted to indigenous and afro-Brazilians. In order to participate in PROUNI, an educational
institution must:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>be up to date with its tax obligations; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>comply with the following requirements: (1)&nbsp;offer at least one full-time scholarship to every 10.7 regularly paying students
enrolled at the end of the past school year, excluding the fulltime scholarships granted through PROUNI or by the institution; or (2)&nbsp;offer
one full-time scholarship to every 22 regularly paying students enrolled in traditional and technological graduation courses, provided
that it also offers scholarships (25% or 50% of the tuition) with a value equal to 8.5% of the paying students&rsquo; annual revenue,
available to students enrolled in traditional and technological graduation courses at the school year.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The ratio between the number of scholarships
and the number of regularly paying students must be complied with annually. If the entity does not comply with the ratio during a school
year because of the withdrawal of</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">students, the institution must adjust the number of scholarships
in a proportionate matter for the subsequent school year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Pursuant to Normative Ruling No. 1,394, of
September 12, 2013, issued by the Brazilian Federal Revenue Office, a post-secondary education institution that has adhered to the PROUNI
is exempt, totally or partly, from the following taxes for the duration of the adherence period:</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Income Tax (&ldquo;IRPJ&rdquo;) and Social Contribution on Net Income (&ldquo;CSLL&rdquo;), with respect to the net income proportionate
to the revenue derived from the Undergraduate Degree Programs and Extension courses; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Contribution for Social Security Financing (&ldquo;Cofins&rdquo;) and Contribution to the Social Integration Plan (&ldquo;PIS&rdquo;),
with respect to the revenue derived from the traditional and technological graduation courses.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In case a post-secondary education institution
requires its exclusion from the PROUNI, its tax incentives will be suspended from the date of the solicitation and will not be applicable
for the entire period of the basis of calculation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Normative Ruling No. 1,394, of September 12,
2013, introduced new provisions regarding the tax exemptions granted by PROUNI, in particular the form to calculate the extension of the
benefits. According to this Normative Ruling, in addition to the tax exemptions obtained by HEI signatories to PROUNI, tax exemptions
are calculated based on the Proportion of Effective Occupation of the Scholarships, or POEB, and the exemption related to IRPJ would be
calculated without taking into account the additional 10%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">According to Article 7, II, amended by Normative
Ruling No. 1,417, dated September 6, 2013, the calculation of the exemption also includes the additional 10% of IRPJ, in addition to the
CSLL rate. The amount calculated is the amount of the IRPJ and CSLL exemption, respectively, which may be deducted from the IRPJ and CSLL
in relation to the totality of our activities. Accordingly, with the issuance of Normative Ruling No. 1,417, of September&nbsp;6, 2013,
the IRPJ / CSLL exemption on our operating income proportionate to the POEB will also include the additional 10% of IRPJ.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Moreover, considering that Normative Ruling
No. 1,417, dated September 6, 2013, creates a potential limit to the amount of the tax exemption, the application of these new provisions
will result in a reduction in value of the tax exemption obtained. Nevertheless, the legality of the provisions introduced by Normative
Ruling No. 1,417, of September 6, 2013, is being discussed before the judiciary, with several motions still pending.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Other modifications of the fiscal incentive
granted by PROUNI were established by Normative Ruling No. 1,476, of July 1, 2014, which also amends the aforementioned Normative Ruling
No. 1,417, of September 6, 2013, in order to (i)&nbsp;exclude several amounts from the concept of profit of the holding, which impacts
the enjoyment of the exemption related to CSLL and IRPJ; and (ii)&nbsp;exclude the POEB from the applicable calculation, specifically
for HEI with terms of adherence to PROUNI signed up to June 26, 2011, which also affects the calculation of the exemption specifically
enjoyed for the terms of adhesion celebrated in the period prior to that date.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Student Financing Program</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The <I>Programa de Financiamento Estudantil</I>
(Student Financing Program, or FIES), created by Law No. 10,260, of July 12, 2001, is a MEC program to finance students that cannot bear
the total costs of their education. FIES has been the most important program for the expansion of access to higher education in Brazil
during the last decade, and it is currently responsible for a significant part of the revenues of the majority of private higher education
institutions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">FIES consists in a funding granted by the National
Fund for Educational Development, or FNDE to students regularly enrolled in an on-site course of a post-secondary private HEI registered
in the FIES that has been positively evaluated by the MEC. After a specific selection proceeding, students may be partially or wholly
funded by FIES and, in that case, FNDE will be responsible for crediting the correspondent amount due by the student to the private higher
education institution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Payments are made with government bonds whose
primary purpose is to compensate tax debts from the private higher education institution. In case there are no debts to be compensated,
the institution can resell the bonds to the government by means of a specific proceeding that currently occurs on monthly basis. The frequency
of these proceedings could vary according to public financial constraints and the discretion of FNDE.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">FIES has been substantially reshaped by Law
No 13,530, dated December 7, 2017, and currently the program is not as broad as it used to be. According to applicable regulations, in
order to enroll students that have been selected by FIES, private higher education institutions are required to contribute to the fund
13% of the amount due by the student to the institution as consideration for the educational services rendered in the first year of studies.
This amount is subject to change in the following years and could vary between 10% and 25% of the consideration due, depending on specific
circumstances.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">National Higher Education Evaluation System</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The National Higher Education Evaluation System,
or SINAES was created by Law No. 10,861 of April 14, 2004, with the purpose of evaluating post-secondary education institutions, undergraduate
courses and measuring student academic performance. The main objectives of this evaluation system is to assess the quality of education
in the country, providing guidelines for MEC to decide upon institutional reaccreditation, recognition and renewal of recognition of courses.
Additionally, SINAES is responsible for improving the quality of post-secondary education in Brazil given that MEC can identify deficiencies
and establish specific conditions for institutions to remedy their issues and resume their operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The SINAES is monitored and coordinated by
the CONAES and INEP has a very important role in all processes. The results of the evaluation of post-secondary education institutions
and their programs are public and represented on a five level scale as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Level 5 indicates excellent conditions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Level 4 indicates more than satisfactory conditions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Levels 3 indicates satisfactory conditions; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Levels 1 and 2 indicate unsatisfactory conditions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Pursuant to applicable regulations, evaluation
processes consist of a preliminary assessment of several conditions relating to the institution and its courses, such as infrastructure,
titles of faculty members, work schedule of faculty members and student performance. Every year INEP establishes a method to evaluate
those elements and for them to correspond to a number in the five level scale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The preliminary assessment is a complex process
based on quality indicators as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">(a)<FONT STYLE="font-family: Courier New, Courier, Monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>National
Student Performance Examination</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The National Student Performance Examination,
or ENADE, is a test applied to a number of students that are completing courses. It evaluates students&rsquo; knowledge regarding the
content provided in the curricular guidelines of the respective undergraduate course, their skills and competences. ENADE&rsquo;s results
are considered in the composition of quality indexes for courses and institutions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">(b)<FONT STYLE="font-family: Courier New, Courier, Monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Preliminary
Course Concept</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Preliminary Course Concept, or CPC, is
compound of the ENADE score, the Difference Indicator between Observed and Expected Performance, or IDD, and factors that include teacher
titles, the work schedule of faculty staff and infrastructure of the institution. It is an indicator of the state of undergraduate courses
in the country. CPC 1 and 2 courses are automatically included in the INEP examiner&rsquo;s visit schedule for on-site verification of
teaching conditions. Courses with a concept equal to or greater than 3 can choose not to receive the visit of the evaluators and, thus,
transform the CPC into a permanent concept (the Course Concept). The CPC is released every year for a specific group of courses along
with the results of ENADE.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">(c)<FONT STYLE="font-family: Courier New, Courier, Monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>General
Course Index</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The General Course Index, or IGC, of the institution
summarizes in a single indicator the results of CPC and the evaluation of master&rsquo;s and doctorate courses of each educational institution.
With regard to graduate courses, CAPES indexes are used and adapted to the scale according to a methodology provided by INEP, given that
they are organized in a different manner. IGC also goes from 1 to 5 and is published by INEP/MEC, after the release of the results of
ENADE and CPC. The IGC is a criterion in the accreditation and re-accreditation processes of institutions and also in the authorization
process for new courses: institutions with IGCs less than 3, for example, may have their applications for new courses rejected by the
MEC. Similarly, the indicator is used to guide the expansion of quality education: institutions with good performance are exempted from
the authorization of the MEC to open courses.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><FONT STYLE="background-color: white">(d)</FONT><FONT STYLE="font-family: Courier New, Courier, Monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Indicator
of Difference Between Observed and Expected Performance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Indicator of Difference Between Observed
and Expected Performance, or IDD, is aimed at providing a reference of the contribution of the course to the learning of each student.
For that purpose, it compares the results of the ENADE with the performance of the same student in the ENEM. The indicator has a scale
of 1 to 5.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Following preliminary assessments, all institutions
are typically subject to an on-site evaluation to confirm the results. However, given the size of the system, MEC gives institutions the
option to convert the results of the preliminary assessments into final results and, therefore, forgo on-site evaluations. For institutions
that obtain unsatisfactory levels, MEC on-site evaluations are mandatory.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Even before the on-site evaluation, MEC is
entitled to apply precautionary measures when preliminary assessments of the institution or course are not considered satisfactory, such
as: (i)&nbsp;suspension of new enrollments within the respective course or the entire institution; (ii)&nbsp;reduction of vacancies; and
(iii)&nbsp;suspension of all regulatory proceedings for institutional reaccreditation, new authorizations, recognitions or renewals of
recognitions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Should the level be confirmed as less than
three by the on-site evaluation, MEC may propose a term of commitment to the institution, in order for it to correct the unsatisfactory
conditions within a specific deadline. Failure to uphold, in full or in part, the conditions established in the term of commitment may
result in one or more penalties to be applied by the MEC, such as: (i)&nbsp;temporary suspension of the opening of a selection process
of graduation courses; (ii)&nbsp;disqualification from the operating authorization of the higher education institution or recognition
of courses offered; and (iii)&nbsp;warning, suspension or cancellation of the mandate of the officer responsible for the action not executed,
in the case of public HEI.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">After the on-site evaluations, institutions
and courses obtain definitive quality concepts, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">(a)<FONT STYLE="font-family: Courier New, Courier, Monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Institutional
Concept, which is the result of the on-site evaluation of the institution performed by INEP; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">(b)<FONT STYLE="font-family: Courier New, Courier, Monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Course
Concept, which is the result of the on-site evaluation of the course performed by INEP.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Accreditation for Postgraduate programs</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Lato sensu</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Post-secondary HEIs accredited for offering
undergraduate courses and that have at least one regular undergraduate course or a <I>stricto sensu</I> postgraduate course can offer
<I>lato sensu </I>postgraduate in the subjects in which they are accredited, either on-site or through distance learning.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The offering of postgraduate programs does
not require an authorization to operate, even if it is offered by a college. However it must be notified to MEC, through MEC&rsquo;s system
(e-MEC), within 60 days of the date of creation of such course.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The <I>lato sensu</I> postgraduate courses
are aimed at students who hold a diploma in an undergraduate course and satisfy the criteria of the institution that is offering the postgraduate
course. The postgraduate courses must meet the following requirements: (i)&nbsp;curriculum with a minimum study load of 360 hours; and
(ii)&nbsp;a teaching staff composed of at least 30% graduates of <I>stricto sensu</I> postgraduate courses.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Stricto sensu</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The authorization and recognition of <I>stricto
sensu</I> postgraduate courses (masters and doctorates) must be evaluated by CAPES, submitted to CNE&rsquo;s deliberation and approved
by MEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The HEIs can only initiate masters and doctorate
courses activities following publication of the homologation of CNE&rsquo;s favorable opinion by MEC in the Official Gazette.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As part of its analysis, CAPES must consider
the general requirements and the specific parameters of the subject area to which each course is linked. The general requirements are:
(i)&nbsp;alignment of the proposal with the postgraduate planning of the institution; (ii)&nbsp;suitability and justification of the proposal
for the regional or national development and its economic and social importance; (iii)&nbsp;clarity and consistency of the proposal with
detailed information on its objectives, area of concentration, lines of research, curricular structure, discipline and bibliographic references;
(iv)&nbsp;clarity of the criteria adopted to select the students, justifications for the profile of the aimed formation and profile of
the egress; (v)&nbsp;proof that the teaching staff has academic, didactic, technical and scientific competence and qualifications related
to the purpose of the course; (vi)&nbsp;a permanent teaching staff to ensure the regularity and quality of teaching, research and orientation
activities; (vii)&nbsp;indication of up to five intellectual productions of each permanent teacher; and (viii)&nbsp;physical and technological
infrastructure of teaching and research adequate for the development of the proposed activities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Authorizations of new <I>stricto sensu</I>
postgraduate courses must be requested at specific dates, as defined by CAPES and published in the Official Gazette.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">The &ldquo;<I>Mais Medicos</I>&rdquo; program</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Law No. 12,871/2013, established the &ldquo;<I>Mais
M&eacute;dicos</I>&rdquo; program, an initiative designed to address medical professional shortages in certain municipalities and underserved
regions of Brazil and improve healthcare infrastructure and services. This law establishes specific regulation for medical courses, including
criteria for approving the creation of new courses in Brazil involving the definition of its location, the mandatory contribution to the
public health infrastructure according to the specific categories established by Ordinance No. 16/2014 issued by MEC (i.e., training of
health professionals, building or reforming of health service structure, purchasing of medical equipment and supplies and study grant
to the medical residency program) and also the conditions for public-private partnerships to implement the course.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Within the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo;
program, supporting entities are no longer able to choose the location of their courses or establish all conditions of supply, which have
been transferred to MEC. The proceedings to implement a medical course, therefore, are more bureaucratic and time consuming. Basically,
MEC publishes a public auction notice to select municipalities that will receive medical courses. After this selection, it issues another
public auction notice with the criteria for private higher institutions to compete for the right to implement courses in the municipalities
previously selected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Since its creation in 2013, the &ldquo;<I>Mais
M&eacute;dicos</I>&rdquo; program has created 11,400 new medical school seats and 12,400 new medical residencies annually, composed of
public and private institutions. Notwithstanding this, the number of private vacancies was the lowest in Brazilian history when compared
to regimes that previously ruled the offering of medical courses from 1996-2002 and 2002-2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On April 5, 2018, prompted by Brazil achieving
the World Health Organization target for medical school seats, MEC issued Ordinance No. 328/2018, pursuant to which, among other measures,
MEC imposed a five-year suspension on the granting of any authorizations for the creation of new medical education courses or on issuing
acts for the expansion of existing ones. In the current legal scenario, institutions are not allowed to create any new medical education
courses until April 2023, except for (i) &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; medical courses that have already been authorized through
ongoing or completed public auctions; (ii)&nbsp;medical vacancy increase requests filed with MEC up to December 4, 2018; and (iii)&nbsp;medical
courses created under federal public university expansion projects, whose requests for new vacancies may be filed only once in accordance
with MEC regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Furthermore, pursuant to Ordinance No. 523/2018,
enacted by MEC on June 1, 2018, each medical school that has been granted a &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; program medical course
authorization or that is applying for one may file a motion with MEC requesting a maximum of 100 additional medical school seats. This
right is limited to a single motion per medical school and is subject to several requirements, including but not limited to, requirements
related to the availability of medical school infrastructure (including access to public health facilities through partnerships with the
local Brazilian Public Health System (<I>Sistema &Uacute;nico de Sa&uacute;de,</I> or &ldquo;SUS&rdquo;) authorities), obligations to
meet certain quality assurance standards, and the absence of any penalties in the two years prior to the filing of the motion restricting
medical school vacancies.</P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_014"></A>C.<FONT STYLE="font-weight: normal">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Organizational
Structure</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">All of our subsidiaries are incorporated in
Brazil. The following is a chart of our current corporate structure as of the date of this annual report:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 10pt"><IMG SRC="afyaform20f2020_023.jpg" ALT=""></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Except for UEPC, all subsidiaries are controlled and/or wholly-owned by Afya Brazil.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>As of the date of this annual report, the consummation of UnifipMOC&rsquo;s acquisition remains subject to customary conditions precedent.
See &ldquo;Item 4. Information on the Company&mdash;B. Business Overview&mdash;Our Recent Acquisitions&mdash;Expected Acquisitions.&rdquo;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>CIS means Centro Integrado de Sa&uacute;de de Teresina Ltda.</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_015"></A>D.<FONT STYLE="font-weight: normal">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Property,
Plant and Equipment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our corporate headquarters, which include product
development, sales, marketing, and business operations, are located in Nova Lima, State of Minas Gerais. It consists of 1,000 square meters
of space under a lease that expires in 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition to our corporate headquarters and
as of December 31, 2020, we leased almost all of our operational, sales, and administrative facilities. We believe that our facilities
are suitable and adequate for our business as presently conducted, however, we periodically review our facility requirements and may acquire
new space to meet the needs of our business or consolidate and dispose of facilities that are no longer required.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_016"></A><FONT STYLE="color: #0D0E00">ITEM 4A. </FONT>UNRESOLVED STAFF
COMMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">None.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_017"></A>ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_018"></A>A.<FONT STYLE="font-weight: normal">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Operating
Results</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Overview</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are the leading medical education group
in Brazil based on number of medical school seats, as published by MEC as of December 31, 2020, delivering an end-to-end physician-centric
ecosystem that serves and empowers students to be lifelong medical learners from the moment they join us as medical students through their
medical residency preparation, graduation program, and CME.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our innovative methodological approach combines
integrated content, interactive learning, and an adaptive experience for lifelong medical learners. Through our educational content and
technology-enabled activities, we focus on effective, personalized learning that mirrors one-on-one tutoring.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, we had 53,426 enrolled
students, compared to 36,316 enrolled students as of December 31, 2019, representing a growth of 47.1% for the period, and compared to
19,720 enrolled students as of December 31, 2018, representing a growth of 84.2% for the period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our ability to execute our business model and
strategy, primarily through our (i)&nbsp;acquisitions (which represented approximately 55.0% of our total growth in terms of net revenue
in 2020 and 62.0% of our total growth in terms of net revenue in 2019) and (ii)&nbsp;organic growth (which represented approximately 45.0%
of our total growth in terms of net revenue in 2020 and 39.0% of our total growth in terms of net revenue in 2019), has led to growth,
profitability and cash generation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In 2018, we were also awarded seven new undergraduate
campuses in connection with the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; program, the largest number awarded to any education group, with
a total of 350 new medical school seats. The operation of such campuses is subject to the verification by MEC of the satisfactory implementation
by Afya Brazil of all regulatory requirements. As of the date of this annual report, MEC already inspected two of these campuses and already
issued the authorization to operate. Accordingly, we plan to expand our network, and expect to open an additional five campuses by December
31, 2021, taking our total to 26 campuses in 12 Brazilian states and approximately 2,143 available medical school seats per year.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Our Growth</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our revenue growth and increased profitability
have been driven by:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Maturation of current number of authorized medical school seats</B> &ndash; Anticipated and contracted growth visibility until
2027 from new medical seats awarded to our schools, that are in the process of maturing, and new seats from our awarded campuses in connection
with the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; program and which are expected to become operational by 2021;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Ability to set price</B> &ndash; readjustment of tuition fees paid by students enrolled in our medical schools above published
inflation indexes. In 2018, we increased the tuition fees for our first-year incoming medical students, on average, by 13.0% (an increase
considerably above the 3.7% IPCA inflation rate for this same period) Since 2018, this tuition fees readjustment has applied to all new
first-year incoming students. Given that the average length of our medical courses is six years, this tuition fee readjustment will guarantee
revenue growth until 2024;</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Expansion of medical residency preparation and graduate programs enrollments</B> &ndash; Increase in number of students adopting
our digital platform, as well as partners and students enrolling in our medical graduate courses;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Deepening of relationships across lifelong medical learners base</B> &ndash; Cross-selling opportunities such as increasing the
number of former undergraduate students subscribing to our medical residency prep solutions and the number of former undergraduate and/or
medical residency prep students applying to our graduate and CME courses;</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>M&amp;A</B> &ndash; Acquisition or investment in businesses that complement our medical education services offering. In 2020, we
acquired or invested in six companies, UniRedentor, UniSL, FESAR and FCMPB, medical schools which increased our medical school seats by
more than 36% when compared to December 31, 2019, and PEBMED and MedPhone, digital health services companies that strengthened our digital
business strategy. In 2019, we acquired or invested in six companies, which increased our medical school seats by more than 24% over the
year. In 2018, we acquired or invested in five companies, which increased our medical school seats by more than 118.3% over the year;
and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Synergies extraction</B> &ndash; Successful implementation of several measures to improve the profitability of recent acquisitions,
such as streamlining fee discounts and scholarship policies, integrating operations with our shared-services center; and aligning newly
acquired faculty teams with our career plan.</TD></TR></TABLE>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Key Business Metrics</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We review the following key metrics to evaluate
our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions:</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Contribution of Medicine to Total historical
undergraduate programs combined tuition fees</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We believe the metric that best demonstrates
our focus on medical education and its relevance to our products and services offering is historical undergraduate programs combined tuition
fees from medicine as a percentage of our total undergraduate programs combined tuition fees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For the years ended December 31, 2020, 2019
and 2018, historical undergraduate programs combined tuition fees from medicine were 73.7%, 69.3% and 73.3%, respectively, of total undergraduate
programs combined tuition fees.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Historical undergraduate programs combined tuition
fees*</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following table sets forth information
that was derived from the historical operating information, for the year ended December 31, 2020, for Afya Brazil, for each of the Acquired
Companies since date of acquisition. It does not represent net revenue as disclosed in our financial statements included elsewhere in
this annual report, which are presented as the sum of (a)&nbsp;gross tuition fees charged to undergraduate students, (b)&nbsp;gross tuition
fees charged to graduate students and (c)&nbsp;scholarships.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">For
    the Year Ended December 31,</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; width: 52%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2019</P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2018</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in US$ millions(1))</TD>
    <TD COLSPAN="3" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in R$ millions)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(except percentages)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Medical school programs&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">175.3</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">911.0</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">550.2</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">253.4</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Other undergraduate health sciences programs&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">29.3</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">152.5</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">98.5</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">44.9</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Other undergraduate programs(2)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">33.3</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">173.0</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">145.6</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">47.4</P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Historical undergraduate programs combined tuition fees</B>&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>237.9</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>1,236.5</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>794.3</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>345.8</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">% Medicine(3)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">73.7%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">73.7%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">69.3%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">73.3%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">% Health sciences programs(4)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">86.0%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">86.0%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">81.7%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">86.3%</TD></TR>
  </TABLE>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">*</TD><TD>Historical undergraduate programs combined tuition fees is the sum equal to the total tuition fees charged to undergraduate students,
as derived from historical operating information of Afya Brazil and the Acquired Companies for the years ended December 31, 2020, 2019
and 2018. For the years ended December 31, 2020, 2019 and 2018, the historical undergraduate programs combined tuition fees charged to
undergraduate students by us were R$1,236.5 million, R$794.3 million and R$345.8 million, respectively. Historical undergraduate programs
combined tuition fees does not include tuition fees we charge graduate students. We present historical undergraduate programs combined
tuition fees because, given our limited operating history and that our historical financial information and operational information included
elsewhere in this annual report may not be representative of our results and operations as a consolidated company, we believe it may help
investors assess the past operating results of the Acquired Companies as combined with Afya Brazil. This metric also shows the percentage
of revenues we derive from our medicine and health sciences programs, which are our core business. We present historical undergraduate
programs combined tuition fees as the sum of gross tuition fees charged to undergraduate students, which differs from the tuition fees
set forth in our financial statements, which are presented as the sum of (i)&nbsp;gross tuition fees charged to undergraduate students,
(ii)&nbsp;gross tuition fees charged to graduate students and (iii)&nbsp;scholarships, which is presented as the sum of gross tuition
fees charged to students net of cancellations, discounts and taxes, and which also includes revenue from admission fees and income from
leases, among others. The past performance of Afya Brazil and the Acquired Companies, as reflected in the historical undergraduate programs
combined tuition fees information, may not be indicative of our future performance or any future anticipated synergies, future operating
efficiencies or cost savings that may result from these acquisitions. For further information, see &ldquo;Part I&mdash;Introduction&mdash;Financial
Information&mdash;Historical undergraduate programs combined tuition fees.&rdquo;</TD></TR></TABLE>


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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>For convenience purposes only, amounts in <I>reais</I> for the year ended December 31, 2020 have been translated to U.S. dollars using
an exchange rate of R$5.196 to US$1.00, the commercial selling rate for U.S. dollars as of December 31, 2020, as reported by the Central
Bank. These translations should not be considered representations that any such amounts have been, could have been or could be converted
at that or any other exchange rate. See &ldquo;Item 3. Key Information&mdash;Selected Financial Data&mdash;Exchange Rates&rdquo; for further
information about recent fluctuations in exchange rates.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Represents all non-health sciences undergraduate programs.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>Calculated as medical school programs divided by the historical undergraduate programs combined tuition fees.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD>Calculated as the sum of medical school programs and other undergraduate health sciences programs, divided by the historical undergraduate
programs combined tuition fees.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Medical School Regulatory Capacity and Capacity
at Maturation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Medical school regulatory capacity and capacity
at maturation are operating metrics that provide visibility into our medical school enrollments contracted growth given the supply and
demand imbalance in the medical school market and the fact that our medical schools have historically operated very close to their regulatory
capacity. Accordingly, the gradual increase in our capacity helps explain the increase in our medical school enrollments, which in turn
helps explain our medical school enrollments contracted growth. Contracted growth refers only to schools that are in the initial six years
of operation. In addition, since the maximum number of medical seats per medical school is set by applicable regulations, the only way
to grow our medical school seats, and therefore our number of enrollments, is through acquisitions or starting new medical schools.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Medical school regulatory capacity is defined
by the number of medical schools seats available per year awarded by the MEC <I>plus</I> the additional seats associated with PROUNI and
FIES, <I>multiplied by</I> the number of years of operations since the seats were awarded, up to the sixth year of operations (maturation).
Capacity at maturation represents the maximum number of approved seats at a medical school six years after becoming operational. Our medical
schools have a six-year maturation cycle because medical school programs in Brazil are for a duration of six years. A maturation cycle
represents the period starting when a medical school commences its operations with a first year medical school class of students which
progresses through the required six years as the next classes begin behind it, and ends when the medical school has six school years of
medical students and has therefore reached capacity at maturation (i.e., the maximum number of approved seats).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For illustration, a medical school that is
awarded 100 seats from the MEC has the opportunity to add up to 20 additional seats:</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>10 more seats by adhering to PROUNI (one seat for each 10.7 seats awarded by MEC); and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>10 more seats by adhering to FIES (10% of the seats awarded by MEC).</TD></TR></TABLE>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">Illustrative evolution of regulatory capacity
per medical school</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="afyaform20f2020_024.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our medical school regulatory capacity was
2,143 and 1,572 seats and our capacity at maturation was 15,430 and 11,257 as of December 31, 2020 and December 31, 2019. Giving effect
to the acquisition of SPES (which is still subject to customary conditions precedents), we expect our medical school regulatory capacity
and our capacity at maturation to be 2,303 seats and 16,582 students, respectively. Assuming our medical schools continue to operate at
full capacity, we estimate reaching a total medical student base of 16,582 students by 2026. Assuming we are able to consummate our projected
acquisitions, we expect our future medical student base to reach approximately 17,600 students at maturity.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Medical School Occupancy Rate</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The occupancy rate of our medical schools is
the ratio of the number of students effectively enrolled divided by the regulatory capacity in a given period. While we believe retention
rates are an important measure of quality and customer satisfaction, we believe that occupancy rate is a more meaningful metric as it
captures not only our ability to retain students but also find new students to compensate for eventual dropouts. Our management does not
separately measure retention rates to make decisions about our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following table sets forth our medical
seats occupancy rate as of the dates indicated.</P>

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  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">As
    of December 31,</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; width: 61%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="width: 13%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2019</P></TD>
    <TD STYLE="width: 13%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2018</P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Occupancy rate&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">~100.0%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">~100.0%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">97.2%</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Significant Factors Affecting Our Results of Operations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We believe that our results of operations and
financial performance will be driven by the following trends and factors:</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Regulatory Environment and Mais M&eacute;dicos
Program</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our business is significantly influenced by
the regulatory environment of the educational industry in Brazil. We are subject to various federal laws and extensive government regulations
by MEC, CNE, INEP, FIES and CONAES, among others. In particular, medical education in Brazil is subject to regulations that aim to control
the supply of medical seats across Brazil and their geographic allocation including, but not limited to Law No. 12,871/2013, which created
the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; program, whose main objectives include addressing the provision of doctors for primary care
in municipalities, strengthen health care infrastructure and allocate medical workforce to vulnerable areas. With the increase in annual
offerings through &ldquo;<I>Mais M&eacute;dicos,</I>&rdquo; the Education Ministry announced on April 5, 2018 that the Brazilian federal
government had decided to freeze the new offering of medical seats for a period of five years.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The decision was based on the previously defined
target of at least 11,000 annual medical seats, which according to the World Health Organization, or WHO, was achieved in 2018. For further
information, see &ldquo;Item 4. Information on the Company&mdash;Business Overview&mdash;Regulatory Overview,&rdquo; &ldquo;Item 3. Key
Information&mdash;D. Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;The post-secondary education sector
is highly regulated, and our failure to comply with existing or future laws and regulations could significantly impact our business,&rdquo;
and Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;We are subject to supervision by MEC and, consequently,
may suffer sanctions as a result of non-compliance with any regulatory requirements.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Scholarships, Student Financing and Tax Benefits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A large number of our students fund their tuition
fees through financing from FIES. In addition, we participate in the PROUNI scholarship program, and we benefit from tax benefits in return.
For more information on our students enrolled in these programs, see &ldquo;Item 4. Information on the Company&mdash;Business Overview&mdash;Regulatory
Overview&mdash;Financing Alternatives for Students: Incentive Programs&mdash;University for All Program (PROUNI),&rdquo; &ldquo;Regulatory
Overview&mdash;Financing Alternatives for Students: Incentive Programs&mdash;Student Financing Program (FIES),&rdquo; &ldquo;Item 3. Key
Information&mdash;D. Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;Changes to the rules or delays or suspension
of tuition payments made through FIES may adversely affect our cash flows and our business,&rdquo; and &ldquo;Item 3. Key Information&mdash;D.
Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;If we lose the benefits of federal tax exemptions provided
under the PROUNI program, our business, financial condition and results of operations may be materially adversely affected.&rdquo; In
addition to PROUNI and FIES, Afya participates in private financing programs through external partners (Banco Santander and Raydan) for
undergraduate students.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Brazilian Macroeconomic Environment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">All of our operations are located in Brazil.
As a result, our revenues and profitability are affected by political and economic developments in Brazil and the effect that these factors
have on the availability of credit, disposable income, employment rates and average wages in Brazil. Our operations, and the industry
in general, may be affected changes in economic conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Brazil is the largest economy in Latin America,
as measured by gross domestic product, or GDP. The following table shows data for real GDP, inflation and interest rates in Brazil and
the U.S. dollar/<I>real</I> exchange rate at the dates and for the periods indicated.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">For
    the Year Ended December 31,</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; width: 55%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 15%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="width: 15%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2019</P></TD>
    <TD STYLE="width: 15%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2018</P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Real growth (contraction) in gross domestic product&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(4.1)%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.1%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.3%</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Inflation (IGP-M)(1)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">23.1%</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">7.3%</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">7.5%</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Inflation (IPCA)(2)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.5%</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.3%</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.7%</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Long-term interest rates&mdash;TJLP (average)(3)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.9%</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.2%</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.7%</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">CDI interest rate(4)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1.9%</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.4%</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.5%</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Period-end exchange rate&mdash;<I>reais</I> per US$1.00&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.196</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.030</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.875</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Average exchange rate&mdash;<I>reais</I> per US$1.00(5)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.158</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.946</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.656</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Appreciation (depreciation) of the <I>real</I> vs. US$ in the period(6)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(28.9%)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(4.0)%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(17.1)%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Unemployment rate(7)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">13.5%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">11.9%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">12.2%</TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5pt 0.25in; text-indent: -0.25in"><I>Source:</I> FGV, IBGE, Central Bank
and Bloomberg.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Inflation (IGP-M) is the general market price index measured by the FGV.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Inflation (IPCA) is a broad consumer price index measured by the IBGE.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>TJLP is the Brazilian long-term interest rate (average of monthly rates for the period).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD>The CDI <I>(certificado de dep&oacute;sito interbanc&aacute;rio)</I> interest rate is an average of interbank overnight rates in Brazil.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD>Average of the exchange rate on each business day of the year.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(6)</TD><TD>Comparing the US$ closing selling exchange rate as reported by the Central Bank at the end of the period&rsquo;s last day with the
day immediately prior to the first day of the period discussed.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(7)</TD><TD>Average unemployment rate for the year as measured by the IBGE.</TD></TR></TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Inflation directly affects our current operating
costs and expenses, adjusted by reference to indexes that reflect the inflation rate such as the IGP-M or IPCA, primarily as a result
of annual adjustments to faculty member and employee salaries. Historically, inflation has been more than offset by the tuition fees we
charge our students.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our financial performance is also marginally
tied to fluctuations in interest rates, such as the CDI rate, because such fluctuations affect the value of our financial investments.
We are also exposed to fluctuations in interest rates on our accounts payable to selling shareholders which are indexed to the CDI, IPCA
and SELIC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, the COVID-19 pandemic and measures
taken in response may continue adversely impacting the Brazilian macroeconomic environment and our business. The COVID-19 pandemic is
still evolving in Brazil, and authorities may maintain a lockdown of our on-campus activities for a longer or undefined extended of period
of time, impose a more severe lockdown, all of which are outside of our control and may adversely affect our business. The COVID-19 pandemic
may result in an adverse effect on the general economic, financial, political, demographic and business conditions in Brazil, which may
adversely impact the ability of our students to pay our tuition fees and increase our attrition rates. See &ldquo;Item 3. Key Information&mdash;D.
Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;Public health outbreaks, epidemics or pandemics, such as
the COVID-19 pandemic, have adversely affected and may continue to adversely affect our business.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Acquisitions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We may face significant challenges in the process
of integrating the operations of our acquired companies. If we are not able to manage these integrations effectively, our results of operations
may be affected. See &ldquo;Item 3. Key Information&mdash;D. Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;We
may not be able to identify and acquire new medical higher education institutions or meet our strategic and financial goals in connection
with any business acquisition we seek, and difficulties in effectively integrating and managing a growing number of acquisitions may adversely
affect our strategic objectives&rdquo; and Item 4. Information on the Company&mdash;B. Business Overview&mdash;Our Recent Acquisitions.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Business Segments</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Following the merger of Medcel into Afya Brazil
on March 29, 2019, we have two business segments for purposes of our financial reporting:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Education Services Segment (Business Unit 1), which provides educational services through undergraduate and graduate courses related
to medicine, other health sciences and other undergraduate programs; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Digital Content, Residency Preparatory and Specialization Programs Segment (Business Unit 2), which provides digital and printed medical
content services, including online courses for residency preparatory, medical and other than medical post-graduate specialization programs
and mobile app subscription for digital medical content.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">There were no revenues derived from the Digital
Content, Residency Preparatory and Specialization Programs Segment (Business Unit 2) prior to the consolidation of Medcel and IPEMED in
our financial statements starting on March&nbsp;29, 2019 and May 9, 2019, respectively. For further information, see note 4 to our audited
consolidated financial statements included elsewhere in this annual report.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Description of Principal Line Items</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Net revenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our revenue consists primarily of tuition fees
we charge for medical schools and other undergraduate and graduate programs, as well as from fees we charge for our medical residency
preparatory courses and mobile app subscription for digital medical content. We also generate revenue from other student fees and certain
education-related activities that typically trend with tuition revenues.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Cost of services</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Cost of services includes expenses related
to payroll, rent, hospital agreements, utilities and depreciation and amortization. Cost of services amounted to 36.2%, 41.1% and 50.3%
of our net revenue in the years ended December 31, 2020, 2019 and 2018, respectively.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Operating expenses</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our operating expenses includes expenses for
personnel, general and administrative, management and officer compensation, marketing and other income (expenses), net.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Personnel.</I> Personnel expenses consist
of wages, overtime, benefits (meal vouchers, transportation vouchers and medical and dental insurance, among others), profit sharing,
social contribution and payroll taxes. In Brazil, social contribution and payroll taxes consist of the Brazilian Social Security Institute
<I>(Instituto Nacional do Seguro Social)</I> contribution, or INSS, and the Brazilian Unemployment Severance Fund <I>(Fundo de Garantia
do Tempo de Servi&ccedil;o)</I> contribution, or FGTS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>General and administrative.</I> General
and administrative expenses mainly consist of: (i)&nbsp;building infrastructure expenses, such as rent and property maintenance; (ii)&nbsp;utilities
expenses; (iii)&nbsp;expenses for computer system maintenance and office automation, such as software licenses, as well as for integrated
accounting, treasury, financial planning and cost management systems; (iv)&nbsp;sales and marketing expenses; (v)&nbsp;allowance for doubtful
accounts; and (vi)&nbsp;amounts paid for professional services, such as consultants, auditors and outside counsel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Other income (expenses), net.</I> Other
income (expenses), net, consists mainly of miscellaneous income and/or expense items.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Finance result</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our finance result includes finance income
and finance expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our finance income consists mainly of income
from interest earned on financial investments, changes in fair value of derivative instruments and interest received on late payments
from students. Our finance expenses consist mainly of interest expenses from accounts payable to selling shareholders, loans and lease
liabilities, foreign exchange associated with our euro-denominated debt (repaid in November 2020), and banking fees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We also have cash and cash equivalents denominated
in U.S. dollars, and accordingly, we have foreign exchange gain or losses from the changes in U.S. dollars against the Brazilian <I>real.</I></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Income taxes expense</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Income taxes expense includes current and deferred
income taxes and social contribution.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Historical Consolidated Results of Operations</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Year Ended December 31, 2020 Compared to the
year ended December 31, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following table sets forth our historical
consolidated income statement data for the years ended December&nbsp;31, 2019 and 2018:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">For
    the Year Ended December 31,</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; width: 55%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 15%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="width: 15%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2019</P></TD>
    <TD STYLE="width: 15%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Variation
    (%)</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in R$ millions, except for percentages)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Net revenue&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,201.2</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">750.6</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">60.0%</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Cost of services&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(434.7)</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(308.9)</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">40.7%</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Gross profit</B></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>766.5</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>441.8</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>73.5%</B></P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">General and administrative expenses&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(402.9)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(239.1)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">68.5%</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Other income (expenses), net&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(0.3)</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">2.6</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">n.m.</P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Operating income</B>&#9;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>363.3</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>205.3</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>77.0%</B></P></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">For
    the Year Ended December 31,</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; width: 55%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 15%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="width: 15%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2019</P></TD>
    <TD STYLE="width: 15%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Variation
    (%)</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in R$ millions, except for percentages)</TD></TR>


  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Finance income&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">62.3</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">51.7</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">20.5%</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Finance expenses&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(98.3)</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(72.4)</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">35.8%</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Finance result</B>&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>(36.0)</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>(20.7)</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>73.9%</B></P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Share of income of associate&#9;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>7.7</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">2.4</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">220.8%</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Income before income taxes</B>&#9;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>335.1</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>186.9</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>79.3%</B></P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Income taxes expense&#9;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(27.1)</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">(14.2)</P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">90.8%</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Net income</B>&#9;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>308.0</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>172.8</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>78.2%</B></P></TD></TR>
  </TABLE>
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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 4.5pt 0.25in; text-indent: -0.25in">n.m. not material</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Net revenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Net revenue for the year ended December 31,
2020 was R$1,201.2 million, an increase of R$450.6 million, or 60.0%, from R$750.6 million for the year ended December 31, 2019. This
increase was primarily driven by: (i)&nbsp;organic revenue growth, mainly due to the maturation of medical school seats; and (ii)&nbsp;consolidation
of the results of operations of acquired companies in 2020 (Uniredentor, UniSL, PEBMED, FESAR, Medphone and FCMPB).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In our Business Unit 1 segment, net revenue
for the year ended December 31, 2020 was R$1,002.5 million, an increase of 53.3%, or R$348.7 million, from R$653.8 million for the year
ended December 31, 2019. This increase was primarily attributable to the factors discussed above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In our Business Unit 2 segment, net revenue
for the year ended December 31, 2020 was R$200.3 million, an increase of 98.7%, or R$99.5 million, from R$100.8 million for the year ended
December 31, 2019. This increase was primarily attributable to acquisition of PEBMED in 2020 and in 2020 Medcel and IPEMED have 12 months
of net revenue against approximately nine months and seven months in 2019, respectively.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Cost of services</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Cost of services for the year ended December
31, 2020 was R$434.7 million, an increase of R$125.8 million, or 40.7%, from R$308.9 million for the year ended December 31, 2019. This
increase was primarily attributable to the consolidation of the results of operations of acquired companies in 2020 (Uniredentor, UniSL,
PEBMED, FESAR, Medphone and FCMPB), and (i) a corresponding increase in payroll expenses, and (ii)&nbsp;an increase in severance related
costs and other costs associated with the downsizing of teaching staff rosters at some of our recently acquired units to take advantage
of synergies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a percentage of net revenue, our cost of
services decreased to 36.2% for the year ended December 31, 2020, compared to 41.1% for the year ended December 31, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In our Business Unit 1 segment, cost of services
for the year ended December 31, 2020 was R$382.0 million, an increase of R$102.9 million, or 36.9%, from R$279.1 million for the year
ended December 31, 2019. This increase was primarily attributable to the factors discussed above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In our Business Unit 2 segment, cost of services
for the year ended December 31, 2020 was R$54.3 million, an increase of R$20.6 million, or 61.1%, from R$33.7 million for the year ended
December 31, 2019. This increase was primarily attributable to the factors discussed above.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Gross profit</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a result of the foregoing, gross profit
for the year ended December 31, 2020 was R$766.5 million, an increase of R$324.7 million, or 73.5%, from R$441.8 million for the year
ended December 31, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In our Business Unit 1 segment, gross profit
for the year ended December 31, 2020 was R$620.5 million, an increase of R$245.8 million, or 65.6%, from R$374.7 million for the year
ended December 31, 2019.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In our Business Unit 2 segment, gross profit
for the year ended December 31, 2020 was R$146.0 million, an increase of R$78.9 million, or 117.6%, from R$67.1 million for the year ended
December 31, 2019.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">General and administrative expenses</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">General and administrative expenses for the
year ended December 31, 2020 was R$402.9 million, an increase of R$163.8 million, or 68.5%, from R$239.1 million for the year ended December
31, 2019. This increase was primarily attributable to (i)&nbsp;the consolidation of the results of operations of acquired companies in
2020 (Uniredentor, UniSL, PEBMED, FESAR, Medphone and FCMPB), (ii)&nbsp;an increase in other general administrative expense, to R$66.8
million for the year ended December 31, 2020, from R$39.2 million for the year ended December 31, 2019, mainly related to the integration
of our acquired companies into our business, and (iii)&nbsp;an increase in allowance for doubtful accounts expenses, to R$32.1 million
for the year ended December 31, 2020, from R$15.0 million for the year ended December 31, 2019.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Operating income</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For the reasons discussed above, operating
income for the year ended December 31, 2020 was R$363.3 million, an increase of R$158.0 million, or 77.0%, from R$205.3 million for the
year ended December 31, 2019.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Finance result</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Finance result for the year ended December
31, 2020 was a net finance expense of R$36.0 million, compared to a net finance expense of R$20.7 million for the year ended December
31, 2019, for the reasons described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Finance income.</I> Finance income for the
year ended December 31, 2020 was R$62.3 million, an increase of R$10.6 million, from R$51.7 million for the year ended December 31, 2019.
This increase was primarily attributable to (i) an increase in interest received of R$2.2 million, and (ii)&nbsp;positive changes in fair
value of derivative instruments of R$20.7 million, which were partially offset by a decrease in foreign exchange gain of R$13.3&nbsp;miilion,
as a result of the receipt of net proceeds in U.S. dollar from our initial public offering in 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Finance expenses.</I> Finance expenses for
the year ended December 31, 2020 was R$98.3 million, an increase of R$25.9 million, from R$72.4 million for the year ended December 31,
2019. This increase was primarily attributable to (i) an increase on financial discounts granted of R$7.2 million; (ii) an increase on
interest expenses on lease liabilities of R$13.0 million, as a result of the companies acquired and new lease agreements; and (iii) a
foreign exchange loss of R$4.6&nbsp;million in 2020.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Income before income taxes</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a result of the foregoing, income before
income taxes for the year ended December 31, 2020 was R$335.1 million, an increase of R$148.2 million, or 79.3%, from R$186.9 million
for the year ended December 31, 2019.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Income taxes expense</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Income taxes expense for the year ended December
31, 2020 was R$27.1 million, an increase of R$12.9 million, from R$14.2 million for the year ended December 31, 2019. This increase was
primarily attributable to the increase in our taxable profit as a result of the positive impact of our organic growth and the consolidation
of the results of operations of acquired companies in 2020 (Uniredentor, UniSL, PEBMED, FESAR, Medphone and FCMPB) during the course of
2020.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Net income</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a result of the foregoing, our net income
for the year ended December 31, 2020 was R$308.0 million, an increase of R$135.2 million, or 78.2%, from R$172.8 million for the year
ended December 31, 2019.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Year Ended December 31, 2019 Compared to the
year ended December 31, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For this discussion, see our annual report
on Form 20-F for the fiscal year ended December 31, 2019, filed with the SEC on April 20, 2020.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Critical Accounting Estimates and Assumptions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our consolidated financial statements are prepared
in conformity with IFRS. In preparing our audited consolidated financial statements, we make assumptions, judgments and estimates that
can have a significant impact on amounts reported in our consolidated financial statements. We base our assumptions, judgments and estimates
on historical experience and various other factors that we believe to be reasonable under the circumstances. Actual results could differ
materially from these estimates under different assumptions or conditions. We regularly reevaluate our assumptions, judgments and estimates.
Our significant accounting policies are described in note 2 and our critical accounting estimates and assumptions are described in note
3 to our audited consolidated financial statements included elsewhere in this annual report. We believe that the following critical accounting
policies are more affected by the significant judgments and estimates used in the preparation of our consolidated financial statements.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Identification and fair-value measurement of
assets and liabilities acquired in a business combination</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We account business combinations using the
acquisition method. Such method requires recognizing and measuring the identifiable assets acquired, the liabilities assumed and any non-controlling
interest in the acquiree. Identifiable assets and liabilities assumed must be classified or designated on the basis of our own contractual
terms, economic conditions, operating and accounting policies and other relevant conditions as at the acquisition date. Such assessment
requires judgments on the methods used to determine the fair value of the assets acquired and liabilities assumed, including valuation
techniques that may require prospective financial information inputs.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Impairment of non-financial assets</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Impairment exists when the carrying value of
an asset or cash generating unit (&ldquo;CGU&rdquo;) or group of CGUs exceeds its recoverable amount, defined as the higher of its fair
value less costs of disposal and its value in use. The fair value less costs of disposal calculation is based on data available from binding
sales transactions, conducted at arm&rsquo;s length, for similar assets or observable market prices less incremental costs of disposing
of the asset. The value in use calculation is based on a discounted cash flow model, or DCF model. The cash flows are derived from the
budget for the next five years and do not include restructuring activities to which we have not yet committed or significant future investments
that will enhance the performance of the assets of the CGU being tested. The recoverable amount is sensitive to the discount rate used
for the DCF model as well as to expected future cash-inflows and the growth rate used for extrapolation purposes. These estimates are
most relevant to goodwill and indefinite lived intangible assets recognized by us. The key assumptions used to determine the recoverable
amount for the different CGUs, including a sensitivity analysis, are disclosed and further explained in note 11 to our audited consolidated
financial statements included elsewhere in this annual report.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Share-based compensation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Estimating fair value for share-based compensation
transactions requires determination of the most appropriate valuation model, which depends on the terms and conditions of the grant. This
estimate also requires determination of the most appropriate inputs to the valuation model including the expected life of the share option
or appreciation right, volatility and dividend yield and making assumptions about them. For the measurement of the fair value of equity-settled
transactions we use the Binomial model. We had stock plans that were fully exercised on July 31, 2019, for which the Monte Carlo and Black
&amp; Scholes pricing model were used for the Afya Brazil Long-Term Incentive Plan and Guardaya&rsquo;s stock option plan (which was transferred
to the Afya Brazil Long-Term Incentive Plan), respectively. For further information on the assumptions and models used for estimating
the fair value for share-based compensation transactions, see note 15(b) to our audited consolidated financial statements included elsewhere
in this annual report.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Leases &ndash; Estimating the incremental borrowing
rate</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are unable to readily determine the implicit
interest rate in lease arrangements, therefore, we use incremental borrowing rate, or IBR, to measure lease liabilities. The IBR is the
rate of interest that we would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an
asset of a similar value to the right-of-use asset in a similar economic environment. The IBR therefore reflects what we &lsquo;would
have to pay&rsquo;, which requires estimation when no observable rates are available (such as for subsidiaries that do not enter into
financing transactions) or when they need to be adjusted to reflect the terms and conditions of the lease. The IBR is estimated using observable inputs (such as market interest
rates) when available and is required to make certain entity-specific estimates.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Recent Accounting Pronouncements</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">New standards, interpretations and amendments
adopted in 2020</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Amendments to IFRS 16 Covid-19 Related to Rent Concessions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On May 28, 2020, the IASB issued COVID-19-related
to rent concessions amendment to IFRS 16 Leases. The amendments provide relief to lessees from applying IFRS 16 guidance on lease modification
accounting for rent concessions arising as a direct consequence of the COVID-19 pandemic. As a practical expedient, a lessee may elect
not to assess whether a COVID-19 related rent concession from a lessor is a lease modification. A lessee that makes this election accounts
for any change in lease payments resulting from the COVID-19 related rent concession the same way it would account for the change under
IFRS 16, if the change were not a lease modification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The other new amendments and interpretations
were applied for the first time in 2020, but did not have a significant impact on our consolidated financial statements.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_019"></A>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liquidity and Capital
Resources</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, we had R$1,045.0 million
in cash and cash equivalents. We believe that our current available cash and cash equivalents and the cash flows from our operating activities
will be sufficient to meet our working capital requirements and capital expenditures in the ordinary course of business for the next 12
months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On October 9, 2020 we announced a purchase
agreement for the acquisition of 100% of the total share capital of iClinic, through our wholly-owned subsidiary Afya Brazil. iClinic
is a SaaS-model-physician focused technology company and the leading practice management software in Brazil. This software empowers doctors
to be more independent and have more control over the non-medicine aspect of their practices by digitalizing their daily routine, so they
can increase their productivity and deliver better healthcare. The transaction closed on January 21, 2021. The aggregate purchase price
was R$182.7 million, of which: (i)&nbsp;61.5% was paid in cash, and (ii)&nbsp;38.5% was paid in Afya&rsquo;s shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in; color: #090909">On October 22, 2020 we entered
into a purchase agreement for the acquisition, through our wholly-owned subsidiary Afya Brazil, of 100% of the total share capital of
SPES. The aggregate purchase price is R$360.0 million, adjusted by Net Debt at the closing date, of which 100% is payable in cash on the
transaction closing date. SPES is a post-secondary education institution with government authorization to offer on-campus, undergraduate
courses in medicine in the states of Minas Gerais and Bahia. The acquisition will contribute 160 medical school seats to Afya, increasing
Afya&rsquo;s total medical school seats to 2,303. There are 40 additional seats still pending approval which, if approved by the Ministry
of Education, will result in a potential additional payment of up to R$50 million. The transaction is expected to close in the second
quarter of 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We do not expect the iClinic and <FONT STYLE="color: #090909">SPES</FONT>
acquisitions to have a material impact in our liquidity and capital resources.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following table shows the historical cash
flows for the years ended December 31, 2020, 2019 and 2018:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">For
    the Year Ended December 31,</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; width: 67%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2019</P></TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2018</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in R$ millions)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Cash Flow Data</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Net cash flows from operating activities&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">371.5</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">299.2</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">80.3</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Net cash flows used in investing activities&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(1,042.8)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(354.1)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">(262.4)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Net cash flows from (used in) financing activities&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">756.4</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">921.4</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">218.8</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Operating Activities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our net cash flows from operating activities
(i)&nbsp;increased by R$72.3 million, to R$371.5 million in 2020 from R$299.2 million in 2019. Our net cash flows from operating activities
were significantly affected by an increase in our revenue and an increase in our operating margin during the period,
which was partially offset by an increase in tuition payment delinquencies by non-medical students, which increased the accounts receivable.</P>


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<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Investing Activities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our net cash flows used in investing activities
increased by R$688.7 million, to R$1,042.8 million in 2020, from R$354.1 million in 2019, mainly as a result of (i)&nbsp;an increase of
R$672.4 million in the acquisition of subsidiaries, net of cash acquired; (ii)&nbsp;an increase of R$32.9 million in the acquisition of
property and equipment (mainly related to the leasehold improvements).</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in">Financing Activities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our net cash flows from financing activities
in 2020 was R$756.4 million, compared to R$921.4 million in 2019, mainly as a result of: (i) R$603.6 million decrease from public offerings
proceeds (R$389.2 million from our follow-on public offering in 2020 compared to R$992.8 million from our initial public offering in 2019);
and (ii) reduced capital increase in 2020, with a capital increase of R$5.4 million in 2020 compared to a capital increase of R$167.6
million in 2019. These were partially offset by a R$597.7 million increase in proceeds from loans and financing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For a discussion of changes in our consolidated
cash flows in the year ended December 31, 2019 compared to the year ended December 31, 2018, see our annual report on Form 20-F for the
fiscal year ended December 31, 2019, filed with the SEC on April 20, 2020.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Indebtedness</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, we had outstanding
debt, comprised of our loans and financings, in the aggregate amount of R$617.5 million, and lease liabilities of R$447.7 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On October 1, 2020, Afya Brazil entered into
a loan with Banco Ita&uacute; Unibanco S.A. in the amount of R$500&nbsp;million, adjusted by the CDI rate plus an interest rate of 1.62%
per year, repayable in three installments in October 2022, April 2023 and October 2023. As of December 31, 2020, the amount outstanding
of this loan was R$504.4 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On July 3, 2020, Afya Brazil entered into a
loan agreement with Banco Votorantim S.A. in the amount of R$100.0 million adjusted by the CDI rate plus an interest rate of 1.65% per
year and is repayable at maturity on July 5, 2021. As of December 31, 2020, the amount outstanding of this loan was R$101.8 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On July 23, 2019, Medcel Editora entered into
a loan agreement with the Brazilian Projects and Studies Financing Institution (Financiadora de Estudos e Projetos, or FINEP) in the amount
of R$16.2 million. The loan accrues interest at a rate equal to the TJLP plus 5% per annum, adjustable to a rate equal to the TJLP plus
0.5% per annum in accordance with the provisions of the loan agreement. The loan is repayable in 73 equal monthly installments, beginning
on August 15, 2021 and ending on August 15, 2027. As of December 31, 2020, the amount outstanding of this loan was R$10.9 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For further information on our indebtedness,
see note 12.2.1 to the audited consolidated financial statements, included elsewhere in this annual report.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_020"></A>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research and Development,
Patents and Licenses</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of the date of this annual report, we had
no issued patents and one patent application pending in Brazil. We are party to 178 agreements, with third-party authors with respect
to educational content. We own 56 trademark registrations. As of December 31, 2020, we owned 136 registered domain names in Brazil. We
also have 16 pending trademark applications in Brazil as of the date of this annual report and unregistered trademarks that we use to
promote our brand.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">See &ldquo;Item 4. Information on the Company&mdash;D.
Property, plant and equipment&mdash;Technology and Intellectual Property.&rdquo;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_021"></A>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trend Information</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On March 11, 2020, the World Health Organization
declared COVID-19 a pandemic, and on March 20, 2020 the Brazilian federal government declared a national emergency with respect to COVID-19.
The impact on our operations still is highly uncertain and cannot be predicted with confidence. The spread of COVID-19, or actions taken
to mitigate this spread, could have material and adverse effects on our ability to operate effectively, including as a result of the complete
or partial closure of facilities or labor shortages. The extent of the adverse impact on our operations, including, among others, the
regular functioning of our facilities, will depend on the extent and severity of the continued spread of the coronavirus in Brazil. Since
March 17, 2020, there has been an interruption of our on-campus activities in light of authorities imposed lockdowns, with a significant
portion of our non-practical educational activities being temporarily offered through our online platform (rather than on-site) and the
calendar of our practical educational activities being rescheduled to when authorities allow on-campus activities to resume. For further
information &ldquo;Item 3. Key Information&mdash;D. Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;Public
health outbreaks, epidemics or pandemics, such as the COVID-19 pandemic, have adversely affected and may continue to adversely affect
our business.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Other than as disclosed elsewhere in this annual
report, we are not aware of any other trends, uncertainties, demands, commitments or events for the year ended December 31, 2020 that
are reasonably likely to have a material and adverse effect on our net revenues, income, profitability, liquidity or capital resources,
or that would cause the disclosed financial information to be not necessarily indicative of future results of operations or financial
conditions.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_022"></A>E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Off-Balance Sheet
Arrangements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020 we did not have any
off-balance sheet arrangements.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_023"></A>F.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tabular Disclosure
of Contractual Obligations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following is a summary of our contractual
obligations, based on contractual undiscounted amounts, as of December 31, 2020:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Payments
    Due by Period as of December 31, 2020</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; width: 45%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Total</P></TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Less
    than<BR>
    1 year</P></TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">1
    &ndash; 3 years</P></TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">3
    &ndash; 5 years</P></TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">More
    than<BR>
    5 years</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in R$ millions)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Trade payables&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">35.7</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">35.7</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Loans and financing&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">698.4</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">125.1</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">566.2</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.0</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">3.1</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Lease liabilities&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">1,023.5</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">63.1</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">131.2</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">124.1</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">705.1</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Accounts payable to selling shareholders&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">534.6</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">191.1</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">262.3</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">81.2</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Notes payable&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">94.9</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">11.1</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">83.8</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Advances from customers&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">63.8</P></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">63.8</P></TD>
    <TD STYLE="text-align: right; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0">&mdash;</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">&mdash;</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">&mdash;</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total&#9;</B></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>2,451.1</B></P></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>490.0</B></P></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>1,043.5</B></P></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>209.3</B></P></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>708.2</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_024"></A>G.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Safe Harbor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">See &ldquo;Part I&mdash;Introduction&mdash;Forward-Looking
Statements.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_025"></A>ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_026"></A>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Directors and Senior
Management</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are managed by our board of directors and
by our senior management, pursuant to our Memorandum and Articles of Association and the Cayman Islands Companies Act (as revised).</P>



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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Board of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our board of directors is currently composed
of 11 members. Each of our director shall hold office for a two (2) year term and are eligible for re-election. Crescera, for so long
as it holds our Class B common shares, shall be entitled to appoint, at its sole discretion, up to three (3) of our directors, and shall
be entitled at any time to remove, substitute or replace any of its appointed directors for any reason in its sole discretion. The Esteves
Family, for so long as it holds our Class B common shares, shall be entitled to appoint, at its sole discretion, up to three (3) of our
directors, and shall be entitled at any time to remove, substitute or replace any of its appointed directors for any reason in its sole
discretion. Crescera and the Esteves Family, for so long as they hold our Class B common shares, shall be entitled to jointly appoint,
at their sole discretion, up to one (1) director and shall be entitled at any time to remove, substitute or replace their appointed director
for any reason in their sole discretion. Directors appointed by the board of directors hold office until the next annual general meeting.
Our directors do not have a retirement age requirement under our Articles of Association. Subject to the foregoing, the directors shall
be elected by an ordinary resolution of our shareholders, which requires the affirmative vote of a simple majority of the votes cast
on the resolution by the shareholders entitled to vote who are present, in person or by proxy, at the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following table lists the current members
of our board of directors:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 51%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Name</P></TD>
    <TD STYLE="width: 7%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Age</P></TD>
    <TD STYLE="width: 42%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Position</P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Nicolau Carvalho Esteves&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">68</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Chairman</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Renato Tavares Esteves&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">33</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Director</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">S&eacute;rgio Mendes Botrel Coutinho&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">42</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Director</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Daniel Arthur Borghi&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">47</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Director</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Felipe Samuel Argalji&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">33</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Director</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Laura Guaran&aacute; Carvalho&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">38</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Director</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Daulins Reni Emilio&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">47</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Director</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Vanessa Claro Lopes&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">45</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Independent Director*</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Fl&aacute;vio Dias&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">44</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Independent Director</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Jo&atilde;o Paulo Seibel de Faria&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">45</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Independent Director*</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Miguel Filisbino Pereira de Paula&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">59</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Independent Director*</TD></TR>
  </TABLE>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">*</TD><TD>Member of our Audit Committee.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following is a brief summary of the business
experience of our directors. Unless otherwise indicated, the current business addresses for our directors is Alameda Oscar Niemeyer, No.
119, rooms 502, 504, 1,501 and 1,503, Vila da Serra, Nova Lima, Minas Gerais, Brazil.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Nicolau Carvalho Esteves.</I> Nicolau Carvalho
Esteves is the Chairman of our board of directors, a position he has held since July 2019. He is a qualified orthopedist and has over
25 years of experience in the education industry. He was the Chairman of the board of directors of Afya Brazil from August 2016 to December
2019, when the board of directors of Afya Brazil was extinguished. He is the founding shareholder of the following companies, for which
he served as Chief Executive Officer for the periods indicated (i)&nbsp;<I>ITPAC&mdash;Instituto Tocantinense Presidente Ant&ocirc;nio
Carlos S.A.</I> (1999-2016); (ii)&nbsp;<I>ITPAC Porto Nacional&mdash;Instituto Tocantinense Presidente Ant&ocirc;nio Carlos Porto S.A.</I>
(2008-2016); (iii)&nbsp;<I>IPTAN&mdash;Instituto de Ensino Superior Presidente Tancredo de Almeida Neves S.A.</I> (2003-2016) and (iv)&nbsp;<I>Instituto
de Educa&ccedil;&atilde;o Superior do Vale do Parna&iacute;ba S.A.</I> (2016-2018). He holds a Medicine degree from <I>Faculdade de Medicina
de Barbacena,</I> a master&rsquo;s degree in Business Administration from FGV, a master&rsquo;s degree in Corporate Finance from <I>Funda&ccedil;&atilde;o
Dom Cabral,</I> a master&rsquo;s degree in Business Administration from FEAD and a Business Administration degree from AIEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Renato Tavares Esteves.</I> Renato Tavares
Esteves is a member of our board of directors, a position he has held since July 2019. He was a member of the board of directors of Afya
Brazil from August 2016 to December 2019, when the board of directors of Afya Brazil was extinguished. He served as executive officer
of the following companies: <I>Instituto de Educa&ccedil;&atilde;o Superior do Vale do Parna&iacute;ba S.A., UNIVA&Ccedil;O&mdash;Uni&atilde;o
Educacional do Vale do A&ccedil;o S.A., IPTAN&mdash;Instituto de Ensino Superior Presidente Tancredo de Almeida Neves S.A., ITPAC&mdash;Instituto
Tocantinense Presidente Ant&ocirc;nio Carlos S.A.,</I> and <I>Instituto de Ensino Superior do Piau&iacute; S.A.&mdash;IESP.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">He holds a degree in medicine from Faculdade
de Medicina de Barbacena, and master&rsquo;s degrees in Business Administration and Corporate Finance from FGV.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>S&eacute;rgio Mendes Botrel Coutinho.</I>
S&eacute;rgio Mendes Botrel Coutinho is a member of our board of directors, a position he has held since July 2019. He is a managing
partner at Arien Invest, a private equity firm. Before joining Arien Invest, he was a partner at An&aacute;lise Estrat&eacute;gica, responsible
for its M&amp;A Advisory and Strategic Consultancy division, and was also a partner at Gabrich &amp; Botrel Advogados, advising on corporate
law, corporate governance and mergers and acquisitions. He holds a law degree from FUMEC, a master&rsquo;s degree in Corporate Law from
<I>Faculdade de Direito Milton Campos</I> and a doctorate in Corporate Law from PUC/MG. He was an MBA Professor at IBMEC (2009-2017)
and is an LLM Professor at IBMEC. Mr. Botrel has provided legal services to Afya Brazil and the Esteves family during the last three
years for aggregate fees of approximately US$1.3 million. Such amounts have been incurred prior to Mr. Botrel being appointed as our
director.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Daniel Arthur Borghi.</I> Daniel Arthur
Borghi is a member of our board of directors, a position he has held since July 2019. He was a member of the board of directors of Afya
Brazil from August 2016 to December 2019, when the board of directors of Afya Brazil was extinguished. He is also Co-CEO of Crescera Investimentos,
managing director and a member of its Executive Committee. A partner for over 10 years, he is responsible for its Education Private Equity
practice. He was a member of the board of directors of Guardaya from 2016 to 2019. He is also currently a member of the boards of UEPC,
and Wide Desenvolvimento Humano e Tecnologia S.A. Prior to joining us, he was a consultant at McKinsey &amp; Co., an executive at Docas
Participa&ccedil;&otilde;es S.A. and a partner at Finance Ltda. He holds an electrical engineering degree from PUC-RJ and an MBA from
the Kellogg School of Management, Northwestern University.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Felipe Samuel Argalji.</I> Felipe Samuel
Argalji is a member of our board of directors, position he has held since July 2019. He
was a member of the board of directors of Afya Brazil from August 2016 to December 2019, when the board of directors of Afya Brazil was
extinguished. He is also a senior partner and member of the Executive Committee of Crescera Investimentos, responsible for investments
in the Education Private Equity sector, since 2009. He was a member of the Finance Committee of Abril Educa&ccedil;&atilde;o and a member
of the board of directors at Anima Educa&ccedil;&atilde;o. He holds an economics degree from IBMEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Laura Guaran&aacute; Carvalho.</I> Laura
Guaran&aacute; Carvalho is a member of our board of directors, a position she has held since July 2019. She is also a partner and member
of the Executive Committee of Crescera Investimentos, responsible for investments in education for the private equity funds since 2008.
She also serves as a board member for Uniceplac, and has served as a board member and advisory committee member for Medcel. She holds
an MSc. in finance and economics from FGV and has a BS in electrical engineering from PUC-Rio.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Vanessa Claro Lopes.</I> Vanessa Claro Lopes
is a member of our board of directors and an independent member of our audit and ethics committee, positions she has held since July 2019.
She is currently an independent member of the board of directors of Lojas Americanas S.A., member of the fiscal councils of Cosan S.A.,
Cosan Log&iacute;stica SA and Comgas S.A., the chairperson of the audit committee at Tegma Logistica S.A., a member of the audit committee
at Embraer S.A. and Lojas Americanas S.A. She was formerly the chairperson of the fiscal council of Via Varejo S.A. from 2014 to 2018,
a member of the fiscal council of Terra Santa Agro S.A. from 2016 to 2018, a member of the fiscal council of Gerdau S.A from 2016 to 2017
and a member of the fiscal councils of Est&aacute;cio Participa&ccedil;&otilde;es S.A. and Renova Energia S.A. from 2017 to 2019. With
over 25 years&rsquo; experience in corporate governance and internal and external audits of large private and listed companies, she started
her career in 1995 at PricewaterhouseCoopers in advisory services and was responsible for the creation of the revenue assurance specialists
department in Brazil for the telecoms sector. She was an executive officer and the head of the internal accounting department of TAM S.A.
from 2010 to 2014, an executive officer and the head of the internal accounting department of Globex Utilidades S.A. (Grupo P&atilde;o
de A&ccedil;&uacute;car) from 2004 to 2010 and a coordinator and the head of the accounting department of Grupo Telefonica from 2000 to
2004. She holds an MBA from EAESP/FGV, a master&rsquo;s degree in management systems from Universidade Federal Fluminense (UFF), a master&rsquo;s
degree in computer networks from S&atilde;o Judas University, an accounting degree from Universidade Federal Fluminense (UFF) and a systems
analysis degree from FATEC/BS. She was formerly a professor of audit systems and information security at Objetivo University from 1997
to 1998.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Daulins Reni Emilio.</I> Daulins Reni Emilio
is a member of our board of directors, a position he has held since August 2019. He is a Managing Director at Bertelsmann Brazil Investments
(&ldquo;BBI&rdquo;) and head of the Bertelsmann Corporate Center in Brazil, a subsidiary of Bertelsmann SE &amp; Co. KGaA, a relevant
investor in education in the world. He joined Bertelsmann in 2012, where he has been responsible for Bertelsmann&rsquo;s strategy for
new businesses in Brazil as well as for finding business opportunities in the education sector. He is also the chairman of the board at
Afferolab and a board member at Companhia das Letras and Intervalor. Before working at Bertelsmann, he was a consultant working across
multiple industries during his tenures at Boston Consulting Group, McKinsey &amp; Co. and Arthur Andersen. He holds a bachelor&rsquo;s
degree in mechanical engineering from Unicamp, a master&rsquo;s degree in economics from USP, and a Ph.D. in economics from Boston University.
During his Ph.D. at Boston University, his research focused on Economics of Education and Economic Theory.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Fl&aacute;vio Dias. </I>Fl&aacute;vio Dias
is an independent member of our board of directors, a position he has held since July 2020. Mr. Dias has 20 years&rsquo; experience in
the Brazilian retail sector, having been the executive in charge in three of the five top e-commerce companies in Brazil, including Walmart.com,
Cnova and Via Varejo. Outside the retail sector, Mr. Dias played a key role in the conception and construction of the first digital bank
in Brazil, Banco Original. In the recent years, he has become a professional investor and advisor in the tech startups ecosystem. Mr.
Dias has been acting as advisor and board member for large corporations in a variety of sectors. Currently, he is the partner of 500 Startups
in Brazil, in charge of building and growing the fund operations in the country.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Jo&atilde;o Paulo Seibel de Faria. </I>Jo&atilde;o
Paulo Seibel de Faria is a member of our board of directors and an independent member of our audit and ethics committee, positions he
has held since August 2020. He has more than 25 years of experience in companies like Arthur Andersen S/C, Ericsson Telecomunica&ccedil;&otilde;es
and Microsoft. He spent 18 years at Microsoft in different leadership roles in Latin America and the U.S. in sales, marketing and in finance,
including his last role as chief financial officer in Brazil. Since October 2019, he has been working as Latin America chief financial
officer for Didi Chuxing (China Giant Mobility Company that owns 99 Tecnologia in Brazil). Mr. Faria holds a bachelor degree in business
management from FAAP and an Executive MBA from IBMEC Business School (both in S&atilde;o Paulo). Additionally he holds several executive
sessions in leadership, strategy and global business environment from Funda&ccedil;&atilde;o Dom Cabral, INSEAD and Devry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Miguel Filisbino Pereira de Paula</I>. Miguel
Filisbino Pereira de Paula is a member of our board of directors and an independent member of our audit and ethics committee, positions
he has held since August 2020. He has more than 35 years of experience in human resources in the Brazilian corporate world, holding positions
such as senior HR director of Grupo P&atilde;o de A&ccedil;ucar, HR vice president of Est&aacute;cio Participa&ccedil;&otilde;es, head
of organization development at Votorantim Cimentos and HR of Grupo Gerdau. He holds an MBA degree from USP and a post-grad degree in HR
from PUCRS.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Executive Officers</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our executive officers are responsible for
the management and representation of our company. We have a strong centralized team led by Virgilio Deloy Capobianco Gibbon, our CEO,
with broad experience in the education industry. Our executive officers were appointed by our board of directors until July 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following table lists our current executive
officers.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 45%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Name</P></TD>
    <TD STYLE="width: 6%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Age</P></TD>
    <TD STYLE="width: 49%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Position</P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Virgilio Deloy Capobianco Gibbon&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">46</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Chief Executive Officer</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Luis Andr&eacute; Carpintero Blanco&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">47</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Chief Financial Officer</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">J&uacute;lio Eduardo Razente de Angeli&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">50</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">Continuing Education and Innovation Vice President</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following is a brief summary of the business
experience of our executive officers. Unless otherwise indicated, the current business addresses for our executive officers is Alameda
Oscar Niemeyer, No 119, rooms 502, 504, 1,501 and 1,503, Vila da Serra, Nova Lima, Minas Gerais, Brazil.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Virgilio Deloy Capobianco Gibbon.</I> Virgilio
Deloy Capobianco Gibbon is our Chief Executive Officer, a position he has held since July 2019. He has been the Chief Executive Officer
of Afya Brazil since August 2016. Prior to joining us, he was Chief Operating Officer and Chief Financial Officer of Est&aacute;cio Participa&ccedil;&atilde;o
S.A., from March 2010 to March 2012, and March 2012 to June 2016, respectively. He was also Executive Director of Business Consulting
and Education Industry at TOTVS Consulting from October 2007 to December 2009, and Senior Manager of Business Consulting at Accenture
from 2000 to 2007. He holds a degree in economics from PUC-RJ. He is currently a board member of EABH&mdash;Escola Americana of Belo Horizonte.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>Luis Andr&eacute; Blanco.</I> Luis Andr&eacute;
Blanco is our Chief Financial Officer, a position he has held since April 2020. Prior to joining us, he served as CFO for OdontoPrev for
10 years, where he oversaw corporate finance &ndash; treasury, financial planning, M&amp;A, tax and accounting operations, legal and compliance.
Prior to that, Luis served as a Financial Officer at Vivo S.A from 2003 to 2009 and also as CFO at <I>Tele Centro &ndash; Oeste Celular
Participa&ccedil;&otilde;es</I> from 2000 to 2003. Luis holds a bachelor&rsquo;s degree in engineering from the Federal University of
Rio de Janeiro and an executive program degree from University of Westminster, London, England.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><I>J&uacute;lio Eduardo Razente de Angeli.</I>
J&uacute;lio Eduardo Razente de Angeli is our Continuing Education and Innovation Vice President, a position he has held since July 2019.
He has been the Continuing Education and Innovation Vice President of Afya Brazil since April 2019. He is also the Chief Executive Officer
of Guardaya, a position that he held since March 2016. Prior to joining us, he was Business Development Director of Udemy, Inc., from
March 2015 to March 2016, VP of Language Learning at Somos Educa&ccedil;&atilde;o S.A. from August 2013 to September 2014, and VP Europe
and Americas at EF Englishtown from October 2007 to July 2013. He holds a business administration degree from FGV.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Family Relationships</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Nicolau Carvalho Esteves, the chairman of our
board of directors, is the father of Renato Tavares Esteves, one of our directors.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Legal Proceedings</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In 2016, the federal prosecutors&rsquo; office
filed a public civil proceeding against Mr. Nicolau Carvalho Esteves, our chairman and one of our controlling shareholders, and certain
other individuals, for irregular administrative acts alleged to have taken place during each of their respective terms as Health Secretary
of the State of Tocantins <I>(Secret&aacute;rio de Sa&uacute;de do Estado de Tocantins)</I> between 2012 and 2014, a position held by
Mr. Carvalho Esteves for a period of four months, from March 9, 2012 to July 20, 2012. The prosecution alleges that Mr. Carvalho Esteves
and the other individuals did not apply federal funds in compliance with mandatory budgeting rules required by applicable federal statutes.
On September 19, 2017, the lower court dismissed the federal prosecutor&rsquo;s claims on the basis that the alleged improper acts were
carried out to allow the public healthcare system in the State of Tocantins to continue to provide basic healthcare services, given there
were insufficient public funds allocated for that purpose at the time. The federal prosecutor&rsquo;s office appealed the lower court&rsquo;s
decision and on October 30, 2018, the federal court of appeals granted the appeal to overturn the lower court&rsquo;s decision and to
nullify the evidentiary phase of the proceedings on the procedural technicality that the State of Tocantins had not been properly notified
of its right to file its motion on evidence. On May 3, 2019, Mr. Carvalho Esteves filed an appeal of the federal court of appeals decision
with the Supreme Court of Justice. If Mr. Carvalho Esteves is found liable, he may be subject to penalties, including a three year prohibition
on him or any legal entity under his control transacting with public entities or being granted tax incentives/benefits, including Afya.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_027"></A>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Under Cayman Islands law, we are not required
to disclose compensation paid to our senior management on an individual basis and we have not otherwise publicly disclosed this information
elsewhere.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our executive officers, directors and management
receive fixed and variable compensation. They also receive benefits in line with market practice in Brazil. The fixed component of their
compensation is set on market terms and adjusted annually.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The variable component consists of cash bonuses
and awards of shares (or the cash equivalent). Cash bonuses or paid to executive officers and members of our management based on previously
agreed targets for the business. Shares (or the cash equivalent) are awarded under our share options long-term incentive program, as discussed
below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following table sets forth the fixed and
variable compensation of our key management personnel for the periods indicated:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; width: 55%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 15%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="width: 15%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2019</P></TD>
    <TD STYLE="width: 15%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2018</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in R$ millions)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Short-term employee benefits&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">9.6</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.9</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.7</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Share-based compensation plans&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">24.0</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">13.9</P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">2.1</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total compensation</B>&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>33.6</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>18.8</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>4.8</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Afya Brazil Long-Term Incentive Plan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Certain members of our management participated
in the share option long-term incentive program, or the LTIP, of Afya Brazil. Beneficiaries under the LTIP were granted rights to buy
shares based on certain criteria. All unvested share options were automatically vested upon the consummation of our initial public offering,
and the LTIP was terminated on January 10, 2020.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">New Long-Term Incentive Plan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On August 30, 2019, our board of directors
approved the establishment of the new equity incentive plan, or the New LTIP, as amended on July 29, 2020, with the purpose of advancing
the interests of our shareholders by enhancing our ability to attract, retain and motivate individuals to perform at the highest level.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The New LTIP and the applicable option agreement
to be entered into between us and the beneficiary, or the Option Agreement, governs the issuance of equity incentive awards with respect
to our Class A common shares, or the Options. The calculation of the strike price of the Option will be set forth in the applicable Option
Agreement, as approved by the board of directors, upon the granting of the Option to the beneficiary. If a beneficiary is dismissed by
us, resigns, retires or dies, the portion of his or her Options under the New LTIP that has vested at that date will be satisfied, but
the non-vested portion will be canceled. If a beneficiary is terminated for cause, all of his or her Options under the New LTIP will be
canceled. The maximum aggregate number of shares that can be issued to beneficiaries under the New LTIP may not exceed 4% of our share
capital at any time. As of December 31, 2020, we have awarded a total of 2,510,983 options under the New LTIP. For further information
about vesting periods and strike price, see note 15.b.2 to our audited consolidated financial statements.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_028"></A>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Board Practices</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Duties of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a matter of Cayman Islands law, a director
of a Cayman Islands company is considered a fiduciary of the company. Accordingly, directors owe fiduciary duties to their companies to
act in accordance with the best interests of the company, to exercise their powers for the purposes for which they are conferred and not
to place themselves in a position where there is a conflict between their personal interests and their duty to the company. Accordingly,
a director owes a company a duty not to make a profit based on his or her position as director (unless the company permits him or her
to do so) and a duty not to put himself or herself in a position where the interests of the company conflict with his or her personal
interests or his or her duties to a third party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">However, a company&rsquo;s articles of association
may permit a director to vote on a matter in which he or she has a personal interest if he or she has disclosed the nature of his or her
interest to the board of directors. Our Articles of Association provide that a director must disclose the nature and extent of any material
interests in any contract or arrangement, and that he or she may vote at any meeting on any resolution concerning an interested matter,
provided he or she has disclosed the nature of his or her interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A director of a Cayman Islands company also
owes to the company duties to exercise independent judgment in carrying out his or her functions and to exercise reasonable skill, care
and diligence, which has both objective and subjective elements. Recent Cayman Islands case law confirmed that directors must exercise
the care, skill and diligence that would be exercised by a reasonably diligent person having the general knowledge, skill and experience
reasonably to be expected of a person acting as a director. Additionally, a director must exercise the knowledge, skill and experience
that he or she actually possesses.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Election and Terms of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">See &ldquo;Item 10. Additional Information.&mdash;B.
Memorandum and Articles of Association&mdash;Appointment, Disqualification and Removal of Directors.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Board Committees</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our board of directors has established an (i)&nbsp;audit,
risks and ethics committee; (ii)&nbsp;compensation committee; and (iii)&nbsp;a business expansion committee. In the future, our board
of directors may establish other committees, as it deems appropriate, to assist with its responsibilities.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Audit, Risks and Ethics Committee</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The audit, risks and ethics committee, or the
audit committee, which consists of Vanessa Claro Lopes (elected to the committee on July 8, 2019), Jo&atilde;o Paulo Seibel de Faria (elected
to the committee on August 26, 2020) and Miguel Filisbino Pereira de Paula (elected to the committee on August 26, 2020), assists our
board of directors in overseeing our accounting and financial reporting processes and the audits of our financial statements. In addition,
the audit committee is directly responsible for the appointment, compensation, retention and oversight of the work of our independent
registered public accounting firm. Vanessa Claro Lopes serves as chairman of the audit committee. The audit committee consists exclusively
of members of our supervisory board who are financially literate, and Vanessa Claro Lopes is considered an &ldquo;audit committee financial
expert&rdquo; as defined by the SEC. Our board of directors has determined that Vanessa Claro Lopes, Jo&atilde;o Paulo Seibel de Faria
and Miguel Filisbino Pereira de Paula satisfy the &ldquo;independence&rdquo; requirements set forth in Rule 10A-3 under the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On January 29, 2021, our board of directors
approved the audit committee charter. The audit committee complies with applicable SEC and Nasdaq rules. Notwithstanding anything to the
contrary established in the audit committee charter, the audit committee is responsible for, among other things:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the appointment, compensation, retention and oversight of any auditor or accounting firm engaged for the purpose of preparing or issuing
an audit report or performing other audit, review or attest services;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>pre-approval of the audit services and non-audit services to be provided by our independent auditor before the auditor is engaged
to render such services;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>review and discussions with the independent auditor its responsibilities under generally accepted auditing standards, the planned
scope and timing of the independent auditor&rsquo;s annual audit plan(s) and significant findings from the audit;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>obtaining and review of a report from the independent auditor describing all relationships between the independent auditor and the
Company consistent with the applicable PCAOB requirements regarding the independent auditor&rsquo;s communications with the audit committee
concerning independence;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>confirming and evaluating the rotation of the audit partners on the audit engagement team as required by law;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>review with management and the independent auditor, in separate meetings whenever the audit committee deems appropriate, any analyses
or other written communications prepared by the management and/or the independent auditor setting forth significant financial reporting
issues and judgments made in connection with the preparation of the financial statements, including analyses of the effects of alternative
IFRS methods on the financial statements; and other critical accounting policies and practices of the Company;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>review, in conjunction with the Chief Executive Officer and Chief Financial Officer of the Company, the Company&rsquo;s disclosure
controls and procedures and internal control over financial reporting;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>establishing procedures for the receipt, retention and treatment of complaints received by the Company regarding accounting, internal
accounting controls or auditing matters, and the confidential, anonymous submission by employees of the Company of concerns regarding
questionable accounting or auditing matters; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>approving or ratifying any related person transaction (as defined in our related person transaction policy) in accordance with our
related person transaction policy.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The audit committee meets as often as it determines
is appropriate to carry out its responsibilities, but in any event, pursuant to its charter, the audit committee ordinarily meets at least
six times per year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Information contained on our website shall
not constitute, or be deemed incorporated as, a part of this annual report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, our audit committee monitors ongoing
compliance with our code of ethics and related compliance policies.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Compensation Committee</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Since our initial public offering, we have
established a compensation committee. The compensation committee, which consists of Rafael Munerato de Almeida, Renato Tavares Esteves
and Miguel Filisbino Pereira de Paula, assists our board of directors in reviewing and approving the compensation structure, including
all forms of compensation, relating to our directors and executive officers. On January 29, 2021, our board of directors approved the
compensation committee charter and included the responsibility for the committee to indicate and recommend for board approval the appointment
of our independent directors, directors and executive officer. Notwithstanding anything to the contrary established in the audit committee
charter, the committee also reviews the total compensation package for our executive officers and directors and recommends to the board
of directors for determination the compensation of each of our directors and executive officers, and will periodically review and approve
any long-term incentive compensation or equity plans, programs or similar arrangements, annual bonuses and employee pension and benefits
plans. As permitted by the listing requirements of Nasdaq, we have opted out of Nasdaq Listing Rule 5605(d), which requires that a compensation
committee consist entirely of independent directors.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Business Expansion Committee</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The business expansion committee, which consists
of S&eacute;rgio Mendes Botrel Coutinho, Renato Esteves, Laura Guaran&aacute; Carvalho and Felipe Samuel Argalji, assists our board of
directors to evaluate potential acquisition opportunities and new business opportunities, and makes recommendations to our board of directors
as to whether we should pursue them. On January 29, 2021, our board of directors approved the business expansion committee charter.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_029"></A>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employees</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, we had 5,260 employees,
6.2% of which were based in our offices in Nova Lima and 94.6% of which were based in other cities elsewhere in Brazil. We also engage
temporary employees and consultants as needed to support our operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, we had 36 medical
content creators, who are responsible for developing our learning materials (including media, podcasts, quizzes, classes, among others),
including 178 physician professors and 100 employees dedicated exclusively to medical content creation for our online platform.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The table below breaks down our full-time personnel
by function as of December 31, 2020:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 70%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Function</P></TD>
    <TD STYLE="width: 15%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Number
    of Employees</P></TD>
    <TD STYLE="width: 15%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">%
    of Total</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Management&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">35</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">0.7%</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Shared Services Center and IT, Sales and Marketing&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">336</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">6.4%</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Faculties&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2,623</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">49.9%</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">General and Administrative&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">2,266</P></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">43.1%</P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total</B>&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>5,260</B></P></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>100.0%</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our employees in Brazil are represented by
the labor unions of independent sales agents and of consulting, information, research and accounting firms for the geographic area in
which they render services. We believe we have a constructive relationship with these unions, as we have never experienced strikes, work
stoppages or disputes leading to any form of downtime.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_030"></A>E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share Ownership</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For information regarding the share ownership
of our directors and senior management, see &ldquo;Item 7. Major Shareholders and Related Party Transactions&mdash;A. Major Shareholders.&rdquo;
For information as to stock options granted to our directors, executive officers and other employees, see &ldquo;Item 6. Directors, Senior
Management and Employees&mdash;B. Compensation&mdash;Afya Brazil Long-Term Incentive Plan&rdquo; and &ldquo;Item 6. Directors, Senior
Management and Employees&mdash;B. Compensation&mdash;New Long-Term Incentive Plan.&rdquo;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_031"></A>ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_032"></A>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Major Shareholders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following table and accompanying footnotes
presents information relating to the beneficial ownership of our Class A common shares and Class B common shares as of April 26, 2021:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>each person or group of affiliated persons, known by us to own beneficially 5% or more of our outstanding shares;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>each of our executive officers and directors individually; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>all executive officers and directors as a group.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The number of common shares beneficially owned
by each entity, person, executive officer or director is determined in accordance with the rules of the SEC, and the information is not
necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares over
which the individual has sole or shared voting power or investment power as well as any shares that the individual has the right to acquire
within 60 days through the exercise of any option, warrant or other right. Except as otherwise indicated, and subject to applicable community
property laws, the persons named in the table have sole voting and investment power with respect to all common shares held by that person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Unless otherwise indicated below, the business
address for each beneficial owner is c/o Afya, Alameda Oscar Niemeyer, No. 119, rooms 502, 504, 1,501 and 1,503, Vila da Serra, Nova Lima,
Minas Gerais, Brazil.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 7pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Shares
    Beneficially Owned</P></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">%
    of Total Voting Power(1)</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 7pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Class
    A</P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Class
    B</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 48%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Shareholders</P></TD>
    <TD STYLE="width: 12%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Shares</P></TD>
    <TD STYLE="width: 10%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">%</P></TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Shares</P></TD>
    <TD STYLE="width: 10%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">%</P></TD>
    <TD STYLE="width: 9%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">%</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 9pt; text-indent: -9.35pt"><B>5% Shareholders party to our shareholders&rsquo; agreements</B></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Crescera Educacional II Fundo de Investimento em Participa&ccedil;&otilde;es Multiestrat&eacute;gia(2)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">24,237,126</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">50.5%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">46.1%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Nicolau Carvalho Esteves(3)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">1,661,349</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">3.5%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">3.2%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Ros&acirc;ngela de Oliveira Tavares Esteves(4)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">635,840</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">1.3%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">1.2%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">NRE Capital Ventures Limited(5)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">21,500,000</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">44.8%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">40.9%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Renato Tavares Esteves(6)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">2,543,996</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">5.7%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">0.5%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Vanessa Tavares Esteves(7)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">2,543,996</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">5.7%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">0.5%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">L&iacute;lian Tavares Esteves de Carvalho(8)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">2,543,996</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">5.7%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">0.5%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 9pt; text-indent: -9.35pt"><B>Other 5% Shareholders</B></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Ameriprise Financial, Inc.(9)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">2,633,476</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">5.8%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">0.5%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Jackson Square Partners, LLC(10)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">2,589,067</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">5.7%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">0.5%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">AustralianSuper Pty Ltd(11)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">1,985,875</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">4.3%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">0.4%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 9pt; text-indent: -9.35pt"><B>Other Executive Officers and Directors(12)</B></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Felipe Samuel Argalji(13)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Daniel Arthur Borghi(14)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Laura Guaran&aacute; Carvalho(15)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">S&eacute;rgio Mendes Botrel Coutinho&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Daulins Reni Emilio&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Rafael Munerato de Almeida&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Julio Eduardo Razente de Angeli&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">155,272</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">0.3%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">n.m</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Luis Andr&eacute; Carpintero Blanco&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">0</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">0.0%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">n.m</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 8.65pt; padding-left: 17.3pt; font-size: 9pt; text-indent: -8.65pt">Virg&iacute;lio Deloy Capobianco Gibbon&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">661,160</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">1.5%</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">&mdash;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 9pt; text-align: right">0.1%</TD></TR>
  </TABLE>
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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 4.5pt 0.25in; text-indent: -0.25in">n.m. not material</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Percentage of total voting power represents voting power with respect to all of our Class A common shares and Class B common shares,
as a single class. Holders of our Class B common shares are entitled to 10 votes per share, whereas holders of our Class A common shares
are entitled to one vote per share. For more information about the voting rights of our Class A common shares and Class B common shares,
see &ldquo;Item 10. Additional Information&mdash;B. Memorandum and Articles of Association&mdash;Description of Share Capital.&rdquo;</TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="#toc">Table of Contents</A></FONT></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Based on a statement by Crescera Educacional II Fundo de Investimento em Participa&ccedil;&otilde;es on Schedule 13G filed on February
12, 2021, the date of the last available Schedule 13G filed by such person with the SEC. Such person&rsquo;s business address is at Avenida
Brigadeiro Faria Lima, 3144 &ndash; 3&deg; Andar Itaim Bibi &ndash; S&atilde;o Paulo, S&atilde;o Paulo, Brazil.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>Based on a statement on Schedule 13G jointly filed on February 12, 2021 by Nicolau Carvalho Esteves, Ros&acirc;ngela de Oliveira Tavares
Esteves and NRE Capital Ventures Limited, or NRE Capital, the date of the last available Schedule 13G filed by such person with the SEC.
Mr. Nicolau Carvalho Esteves is a member of our board of directors.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD>Based on a statement on Schedule 13G jointly filed on February 12, 2021 by Nicolau Carvalho Esteves, Ros&acirc;ngela de Oliveira Tavares
Esteves and NRE Capital, the date of the last available Schedule 13G filed by such person with the SEC.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD>Based on a statement on Schedule 13G jointly filed on February 12, 2021 by Nicolau Carvalho Esteves, Ros&acirc;ngela de Oliveira Tavares
Esteves and NRE Capital, the date of the last available Schedule 13G filed by such person with the SEC.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(6)</TD><TD>Based on a statement by Renato Tavares Esteves on Schedule 13G filed on February 14, 2020, the date of the last available Schedule
13G filed by such person with the SEC. Renato Tavares Esteves is a member of our board of directors. 1,780,797 shares held by Renato Tavares
Esteves are held through RTE Capital Ventures Ltd. vehicle.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(7)</TD><TD>Based on a statement by Vanessa Tavares Esteves on Schedule 13G filed on February 14, 2020, the date of the last available Schedule
13G filed by such person with the SEC. 1,780,797 shares held by Vanessa Tavares Esteves are held through VTE Capital Ventures Ltd. vehicle.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(8)</TD><TD>Based on a statement by Lilian Tavares Esteves de Carvalho on Schedule 13G filed on February 14, 2020, the date of the last available
Schedule 13G filed by such person with the SEC. 1,780,797 shares held by Lilian Tavares Esteves de Carvalho are held through LTE Capital
Ventures Ltd. vehicle.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(9)</TD><TD>Based on a statement on Schedule 13G filed on February 12, 2021 by Ameriprise Financial, Inc., the date of the last available Schedule
13G filed by such person with the SEC. Such person&rsquo;s business address is at 145 Ameriprise Financial Center, Minneapolis, MN 55474.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(10)</TD><TD>Based on a statement on Schedule 13G filed on February 8, 2021 by Jackson Square Partners, LLC, the date of the last available Schedule
13G filed by such person with the SEC. Such person&rsquo;s business address is at One Letterman Drive, Building A, Suite A3-200, San Francisco,
CA 94129.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(11)</TD><TD>Based on a statement on Schedule 13G filed on February 12, 2021 by AustralianSuper Pty Ltd, the date of the last available Schedule
13G filed by such person with the SEC. Such person&rsquo;s business address is at Level 33, 50 Lonsdale Street, Melbourne, Victoria, 3000,
Australia.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(12)</TD><TD>Disclosure regarding the equity interest held by Mrs. Nicolau Carvalho Esteves and Renato Tavares Esteves, both members of our board
of directors, into us, is above.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(13)</TD><TD>Mr. Argalji, a member of our board of directors, is a member of the executive committee of Crescera Investimentos. Mr. Argalji disclaims
beneficial ownership of the shares held by Crescera Investimentos except to the extent, if any, of his pecuniary interest therein.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(14)</TD><TD>Mr. Borghi, a member of our board of directors, is a managing director of Crescera Investimentos. Mr. Borghi disclaims beneficial
ownership of the shares held by Crescera Investimentos except to the extent, if any, of his pecuniary interest therein.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 4.5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(15)</TD><TD>Mrs. Carvalho, a member of our board of directors, is a member of the executive committee of Crescera Investimentos. Mrs. Carvalho
disclaims beneficial ownership of the shares held by Crescera Investimentos except to the extent, if any, of her pecuniary interest therein.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><FONT STYLE="background-color: white">The holders
of our Class A common shares and Class B common shares have identical rights, except that the Esteves Family and Crescera as holders of
Class B common shares (i)&nbsp;are entitled to 10 votes per share, whereas holders of our Class A common shares are entitled to one vote
per share, (ii)&nbsp;have certain conversion rights and (iii)&nbsp;are entitled to maintain a proportional ownership interest by purchasing
additional Class B common shares in the event that additional Class A common shares are issued. For more information see &ldquo;Item 10.
Additional Information&mdash;B. </FONT>Memorandum and Articles of Association&mdash;Description of Share Capital&mdash;Preemptive or Similar
Rights&rdquo; and &ldquo;Item 10. Additional Information&mdash;B. Memorandum and Articles of Association&mdash;Description of Share Capital&mdash;Conversion.&rdquo;
Each Class B common share is convertible into one Class A common share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Crescera Investimentos is an independent asset
management firm focused on private equity and venture capital with approximately R$2.8 billion of assets under management. Founded by
professionals with extensive background in the Brazilian financial markets, it has a strong track record of creating value for entrepreneurs,
business owners and investors alike. It is structured as a partnership, emphasizing talent retention, meritocracy and ethical practices.
Crescera Investimentos&rsquo; governance is overseen by senior executive partners, who seek to bring the same values and practices to
its investee companies. Its investment decision making process is focused on maximizing return for its investor clients by assisting
leading entrepreneurs in developing their business into world-class companies. Crescera Investimentos&rsquo; principal executive offices
are located at Avenida Ataulfo de Paiva, 153, 5<SUP>th</SUP> floor, Leblon, Rio de Janeiro, RJ, Brazil.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"></P>


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    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are not aware of any other shareholder that
beneficially owns more than 5% of our common shares nor of any arrangements the operation of which may at a subsequent date result in
a change of control of the company.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Shareholders&rsquo; Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On July 7, 2019, Crescera and the Esteves Family
entered into a shareholders&rsquo; agreement, or the Shareholders&rsquo; Agreement. The Shareholders&rsquo; Agreement specifies that Crescera
may not transfer its shares in the Company, in whole or in part, without first offering them to Bertelsmann SE&amp; Co. KGaA, or Bertelsmann,
which will have the option to acquire such shares. If Crescera and Bertelsmann are unable to agree the sale and purchase of the offered
shares within five business days of being notified of Crescera&rsquo;s proposal, Crescera can sell the shares to a third party within
specified time limits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Further, the Esteves Family is bound by a non-compete
obligation preventing it from directly or indirectly carrying on a competing business that is in direct competition with us, subject to
certain limited exceptions.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_033"></A>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Related Party Transactions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition to the compensation arrangements
with directors and executive officers described under &ldquo;Item 6. Directors, Senior Management and Employees&mdash;B. Compensation&rdquo;
and certain other rights of certain of the holders of our common shares as described under &ldquo;&mdash;A. Major Shareholders&mdash;Shareholders&rsquo;
Agreement,&rdquo; the following is a description of each transaction since January 1, 2018 and each currently proposed transaction in
which the amount involved in the transactions is material to us and any related party.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Shared Services</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On January 2, 2018, Afya Brazil entered into
agreements with its subsidiaries and IPTAN and IESVAP (entities which at that time were not subsidiaries of Afya Brazil), under which
(i)&nbsp;Afya Brazil agreed to provide shared services and corporate costs and expenses, and (ii)&nbsp;the subsidiaries and IPTAN and
IESVAP agreed to reimburse Afya Brazil for the amount of such costs and expenses. The amounts charged to IPTAN and IESVAP, prior to their
acquisition by Afya Brazil on April 26, 2018, was R$1.1 million for the period from January 1, 2018 to April 25, 2018.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Lease Agreements</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Lease agreements with RVL Esteves Gest&atilde;o
Imobili&aacute;ria S.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Afya Brazil has entered into lease agreements
with RVL Esteves Gest&atilde;o Imobili&aacute;ria S.A., or RVL, an entity controlled by the shareholder Nicolau Carvalho Esteves and of
which Mr. Renato Esteves is an executive officer, as described below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On June 21, 2016, RVL entered into lease agreements
(as amended on April 26, 2018) with ITPAC &ndash; Instituto Tocantinense Presidente Ant&ocirc;nio Carlos S.A., or ITPAC, and Itpac Porto
Nacional &ndash; Instituto Tocantinense Presidente Antonio Carlos Porto S.A., or ITPAC Porto Nacional, pursuant to which RVL Esteves Gest&atilde;o
Imobili&aacute;ria S.A. agreed to lease campuses to ITPAC and ITPAC Porto Nacional in the cities of Aragua&iacute;na and Porto Nacional,
both located in the State of Tocantins. The lease agreements are adjustable in accordance with the provisions of each lease agreement.
The lease agreements are for an initial term of 20 years, and are renewable for an additional 20 years subject to the provisions of each
lease agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On November 1, 2016, RVL entered into a lease
agreement with Afya Brazil, pursuant to which RVL agreed to lease to Afya Brazil certain offices located in the city of Nova Lima, State
of Minas Gerais, where Afya Brazil&rsquo;s principal executive offices are located. On February 9, 2019 the agreement was amended to extend
lease terms and adjust the lease amounts, subject to certain discount conditions set forth in the lease agreement and adjustable in accordance
with the provisions of the lease agreement. The lease agreement is for an initial term of five years, and may be renewable for an additional
five years subject to the provisions of the lease agreement.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On September 6, 2018, RVL entered into a lease
agreement with ITPAC, a subsidiary of Afya Brazil, pursuant to which RVL agreed to lease to ITPAC the new ITPAC campus currently under
construction by RVL in the city of Palmas, State of Tocantins. The lease agreement is for an amount equal to 7.5% of the monthly net revenue
of ITPAC during the prior semester, which will start to become due once the new ITPAC campus becomes operational, subject to the provisions
of the lease agreement. The lease agreement is for an initial term of 20 years, starting on the date the new ITPAC campus becomes operational,
and is renewable for an additional 20 years subject to the provisions of the lease agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On October 30, 2019, RVL entered into a lease
agreement with IPTAN, pursuant to which RVL agreed to lease to IPTAN the new IPTAN medical campus, currently under construction by RVL
in the city of Santa In&ecirc;s, State of Maranh&atilde;o. The lease agreement is for a monthly amount equal to: (i) up to June 2020,
R$12,000.00; and (ii) after June 2020 and until October 2024, 6.5% of the monthly net revenue of IPTAN assessed during the prior semester,
in each case adjustable in accordance with the provisions of the lease agreement. The lease agreement is for an initial term of five years
counted from the conclusion of the construction works, and may be renewable for an additional five years subject to the provisions of
the lease agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The lease payments in connection with the lease
agreements with RVL totaled R$11.3 million and R$10.4 million in the years ended December 31, 2020 and 2019, respectively. In the year
ended December 31, 2018, the lease expenses in connection with the lease agreements with RVL totaled R$9.7 million.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Lease agreement with UNIVA&Ccedil;O Patrimonial
Ltda.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On July 14, 2016, UNIVA&Ccedil;O Patrimonial
Ltda., an entity controlled by the shareholder Nicolau Carvalho Esteves and of which Ms. Ros&acirc;ngela Esteves is the chief executive
officer, entered into a lease agreement with UNIVA&Ccedil;O, a subsidiary of Afya Brazil, pursuant to which UNIVA&Ccedil;O Patrimonial
Ltda. agreed to lease the UNIVA&Ccedil;O campus to UNIVA&Ccedil;O, located in the city of Ipatinga, State of Minas Gerais. The lease agreement
is adjustable in accordance with the provisions of the lease agreement. The lease agreement is for an initial term of 20 years, and is
renewable for an additional 20 years subject to the provisions of the lease agreement. The lease payments in connection with this lease
agreement totaled R$2.9 million and R$ 2.8 million in the years ended December 31, 2020 and 2019, respectively. In the year ended December
31, 2018, the lease expenses in connection with this lease agreement totaled R$2.6 million.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Lease agreement with IESVAP Patrimonial Ltda.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On April 25, 2018, IESVAP Patrimonial Ltda.,
an entity controlled by the shareholder Nicolau Carvalho Esteves and of which Mr. Renato Esteves is an executive officer, entered into
a lease agreement with IESVAP, a subsidiary of Afya Brazil, pursuant to which IESVAP Patrimonial Ltda. agreed to lease the IESVAP campus
to IESVAP located in the city of Parna&iacute;ba, State of Piau&iacute;. The lease agreement is for an amount equal to 7.5% of the monthly
net revenue of IESVAP during 2018. The lease agreement is for an initial term of 20 years, and is renewable for an additional 20 years
subject to the provisions of the lease agreement. The lease payments in connection with this lease agreement totaled R$3.5 million and
R$2.6 million in the years ended December 31, 2020 and 2019, respectively. In the year ended December 31, 2018, the lease expenses in
connection with this lease agreement totaled R$1.3 million.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">UEPC Services Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On February 25, 2019, Medcel entered into a
services agreement with UEPC, pursuant to which Medcel agreed to provide certain educational services and content to UEPC, available on
Medcel&rsquo;s online platform. The services agreement is for an amount equal to R$1.3 million, payable by UEPC to Medcel subject to the
terms of the services agreement. For the years ended December 31, 2020 and 2019, the revenues in connection with this services agreement
totaled R$0.1 million and R$0.6 million, respectively. See note 8 to our audited consolidated financial statements.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">ITPAC Garanhuns Assignment Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On March 28, 2019, our shareholder Nicolau
Carvalho Esteves entered into an agreement with Afya Brazil pursuant to which he assigned to Afya Brazil, in connection with a pending
authorization by MEC to operate a medical school, the right to develop the ITPAC Garanhuns Greenfield unit, a medical school in the city
of Garanhuns, State of Pernambuco. The consummation of the assignment is subject to the approval of the ITPAC Garanhuns medical school
authorization by MEC, which must be obtained within 10 years from the execution of the assignment agreement. The purchase price to be
paid by Afya Brazil to Nicolau Carvalho Esteves to the extent MEC&rsquo;s approval is obtained within the prescribed time period is R$900,000
<I>multiplied by</I> the number of medical school seats authorized by MEC. Once operational, ITPAC Garanhuns is expect to generate 120
new medical school seats. In 2008, two public civil proceedings were filed by the Brazilian federal government and the federal public
prosecutor for the suspension of the activities of the Garanhuns Greenfield unit, claiming that the status of the Garanhuns Greenfield
unit with the MEC was irregular. See &ldquo;Item 8. Financial Information&mdash;Consolidated Statements and Other Financial Information&mdash;Legal
and Administrative Proceedings&mdash;Civil Matters.&rdquo;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Related person transaction policy</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On January 29, 2021, our board of directors
approved the related party transactions and conflicts of interests&rsquo; policy that set forth our guidelines and procedures regarding
agreements with related parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our related person transaction policy states
that related person transactions must be approved or ratified by our executive officers and board of directors. In determining whether
to approve or ratify a transaction with a related person, our executive officers or board of directors will consider all relevant facts
and circumstances, including without limitation the commercial reasonableness of the terms, of the transaction the benefit and perceived
benefit, or lack thereof, to us, opportunity costs of alternate transaction, the materiality and character of the related person&rsquo;s
direct or indirect interest and the actual or apparent conflict of interest of the related person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Pursuant to the related transaction policy,
our executive officers or board of directors will not approve or ratify a related person transaction unless it has determined that, upon
consideration of all relevant information, such transaction is in, or not inconsistent with, our best interests and the best interests
of our shareholders.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Indemnification agreements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We have executed indemnification agreements
with our directors and executive officers. The indemnification agreements and our Articles of Association require us to indemnify our
directors and executive officers to the fullest extent permitted by law.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Employment agreements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Virg&iacute;lio Deloy Capobianco Gibbon, Julio
Eduardo Razente de Angeli and Luis Andr&eacute; Carpintero Blanco entered into employment agreements with the Company. None of our directors
have entered into service agreements with the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For a description of the compensation paid
to our directors and executive officers, see &ldquo;Item 6. Directors, Senior Management and Employees&mdash;B. Compensation.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Long-Term Incentive Plan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">See &ldquo;Item 6. Directors, Senior Management
and Employees&mdash;B. Compensation&mdash;Afya Brazil Long-Term Incentive Plan.&rdquo; and &ldquo;Item 6. Directors, Senior Management
and Employees&mdash;B. Compensation&mdash;New Long-Term Incentive Plan.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_034"></A>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interests of Experts
and Counsel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_035"></A>ITEM 8. FINANCIAL INFORMATION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_036"></A>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated Statements
and Other Financial Information</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">See Exhibits.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Legal and Administrative Proceedings</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">From time to time, we are involved in disputes
that arise in the ordinary course of our business. Any claims against us, whether meritorious or not, can be time consuming, result in
costly litigation, require significant management time and result in the diversion of significant operational resources.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We and our subsidiaries are subject to a number
of judicial and administrative proceedings in the Brazilian court systems, including civil, labor and tax law and social security claims
and other proceedings, which we believe are common and incidental to business operations in Brazil, in general. We recognize provisions
for legal proceedings in our financial statements, when we are advised by independent outside counsel that (i)&nbsp;it is probable that
an outflow of resources will be required to settle the obligation, and (ii)&nbsp;a reliable estimate can be made of the amount of the
obligation. The assessment of the likelihood of loss includes analysis by outside counsel of available evidence, the hierarchy of laws,
available case law, recent court rulings and their relevance in the legal system. Our provisions for probable losses arising from these
matters are estimated and periodically adjusted by management. In making these adjustments our management relies on the opinions of our
external legal advisors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, we had provisions
recorded in our audited consolidated financial statements in connection with legal proceedings for which we believe a loss is probable,
in an aggregate amount of R$53.1&nbsp;million, and had made judicial deposits in an aggregate amount of R$1.5 million. However, legal
proceedings are inherently unpredictable and subject to significant uncertainties. If one or more cases were to result in a judgment against
us in any reporting period for amounts that exceeded our management&rsquo;s expectations, the impact on our operating results or financial
condition for that reporting period could be material.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Civil Matters</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, we and our subsidiaries
were party to approximately 4,951 civil proceedings, 2,621 of which are collection proceedings, 2,319 of which are judicial proceedings
and 337 of which are administrative proceedings. The civil claims to which we are a party generally relate to consumer claims, including
those related to student complaints. We believe these proceedings are unlikely to have a material adverse impact, individually, or in
the aggregate, on our results of operations or financial condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On November 14, 2008, a civil suit was filed
by Alessandra Vanessa Leite e Silva and others as plaintiffs against ITPAC Porto Nacional and others, seeking (i)&nbsp;to void IESPEN&rsquo;s
decision to revoke their IESPEN membership and all subsequent decisions taken by IESPEN starting in April 4, 2004, and (ii)&nbsp;the payment
of damages for loss of profits. On September 15, 2015, the lower court rendered a judgment in favor of the plaintiffs, granting interlocutory
relief. On December 13, 2016, following an interlocutory appeal of the plaintiffs, the lower court froze 5% of ITPAC&rsquo;s monthly revenues
in favor of the plaintiffs, and on January 9, 2017, ITPAC appealed the lower court judgment and filed an interlocutory appeal to suspend
the order to freeze 5% of its revenues. On May&nbsp;24, 2017, an injunction was issued suspending the freeze order. As of the date of
this annual report, the appeal against the Lower Court judgment and the interlocutory appeal are pending the decision of the appeals court.
As of November 2020, the lower court deferred ITPAC request and excluded ITPAC from the proceeding. We estimate the amount of any claim
for damages that may be imposed on us as a result of these proceedings to be approximately of R$15.3 million, with the likelihood of loss
as possible.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On October 9, 2012, a civil suit was filed
by Marly Luzia Bernardes Rocha against ITPAC Porto Nacional and others, alleging (i)&nbsp;that Municipal Law No. 1780/03 in connection
with IESPEN&rsquo;s creation is unconstitutional, and therefore that IESPEN&rsquo;s dissolution and assignment of all its contingencies
to ITPAC Porto Nacional should be voided; (ii)&nbsp;that ITPAC Porto Nacional acted in bad faith and failed in its duties to pay for
corresponding material damages, loss of profits, loss of opportunity and moral damages; (iii)&nbsp;that Maria Aurora Pinto Leite e Silva
and Celso Eduardo Avelar Freire, shareholders of IESPEN, did not pay up corporate capital; and (iv)&nbsp;that ITPAC Porto Nacional should
compensate the plaintiffs for alleged illicit enrichment in connection with the dissolution. On January 12, 2014, ITPAC filed its defense,
which is pending review by the competent lower court. On November 13, 2016, the lower court froze 8% of ITPAC Porto Nacional&rsquo;s
monthly revenues in favor of the plaintiffs, and the freeze order was overturned on January 12, 2017.We estimate the amount of any claim
for damages that may be imposed on us as a result of these proceedings to be approximately of R$21.8 million, with the likelihood of
loss as possible.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In 2008, two public civil proceedings were
filed by the Brazilian federal government and the federal public prosecutor for the suspension of the activities of the Garanhuns Greenfield
unit, claiming that the status of the Garanhuns Greenfield unit with the MEC was irregular. As of the date of this annual report, the
activities of the Garanhuns Greenfield unit are suspended pursuant to a judgment of the 23rd Federal Court of the State of Pernambuco.
On February 27, 2020, the Superior Court of Justice confirmed the judgment of the 23rd Federal Court of the State of Pernambuco and the
Garanhuns Greenfield unit remains suspended. Afya Brazil is currently in discussions with MEC to obtain the necessary authorizations for
the Garanhuns Greenfield unit, and to the extent those authorizations are obtained, this proceeding will be extinguished. In July 2019,
ITPAC Araguaina filed an administrative proceeding requesting MEC&rsquo;s reappraisal of its previous decision that denied the request
of transferring the administrative proceeding related to the medical course authorization, filed in 2011, from the state educational system
to the federal educational system, pursuant to applicable regulation. On September 2, 2020, MEC published Ordinance no. 722 recognizing
the right of ITPAC and determining the review of the regularization request formulated in 2011 by the institution. We are currently waiting
for the conclusion of this administrative analysis by MEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On November 30, 2019, a public proceeding was
filed by Domingos Borges da Silva against Centro de Ensino S&atilde;o Lucas, other educational institutions and the city hall of Porto
Velho, alleging (i) that the defendants were purportedly not granting all the full scholarships to undergraduate students from &ldquo;Programa
de Inclus&atilde;o Social Universidade Para Todos &ndash; Faculdade da Prefeitura&rdquo;, provided by Municipal Law No. 1,887/10 and modified
by Municipal Law No. 2,284/16; (ii) that due to the lack of full scholarships, the Treasury was being jeopardized because the agreement
was for tax waive in exchange to the full scholarships for the beneficiary from the referred Program; (iii) therefore, the plaintiff requires
to be awarded a preliminary injunction to revoke Municipal Laws Nos. 1,887/10 and 2,284/16 and the suspension of the adhesion contracts
to the Program signed by the defendants; and (iv) that the defendants should be liable for alleged material damages and loss of profits.
On January 13, 2020, the lower court denied the preliminary injunction. On March 3, 2020, S&atilde;o Lucas was served. The lawsuit was
not ruled by the lower court yet. It is important to highlight that Centro de Ensino S&atilde;o Lucas is currently granting scholarships
from the Program and, by December 2020, there were 290 scholarships being offered. We estimate the amount of any claim for damages that
may be imposed on us as a result of this proceeding to be approximately of R$9.0 million, with the likelihood of loss as probable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The provisions related to civil proceedings
whose likelihood of loss is assessed as probable are R$13.3 million as of December 31, 2020. There are other civil proceedings assessed
by management and our legal counsels as possible risk of loss, for which no provisions are recognized in the amount of R$59.9 million
as of December 31, 2020.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Labor Matters</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, we and our subsidiaries
were party to approximately 102 labor proceedings, 28 of which are judicial proceedings and four of which are administrative proceedings.
The principal labor proceedings to which we are a party were filed by former employees or service providers seeking enforcement of labor
rights allegedly not provided by us. The judicial proceedings relate to employment bonds (judicial proceedings filed by former service
providers), overtime, premiums for hazardous workplace conditions, statutory severance, fines for severance payment delays, and compensation
for workplace-related accidents. The administrative proceedings relate to the alleged failure by us to comply with certain labor laws,
including with respect to working hours, the registration of employment agreements, disabled workers&rsquo; hiring quotas and the protection
of underage workers and apprentices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The provisions related to labor proceedings
whose likelihood of loss is assessed as probable are R$4.5 million as of December 31, 2020. There are other labor proceedings assessed
by management and our legal counsels as possible risk of loss, for which no provisions are recognized in the amount of R$2.3 million as
of December 31, 2020.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Tax and Social Security Matters</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, certain of our subsidiaries
were party to 41 tax and social security proceedings, 27 of which are judicial proceedings and 14 of which are administrative proceedings,
for which we did not record any provisions based on the advice of our external legal counsel that the likelihood of loss is possible.
The tax claims to which these subsidiaries are party are primarily tax foreclosures filed by Brazilian federal tax authority, although
the most significant tax claim in an amount of R$35.3 million is related to taxes due to a Brazilian municipal tax authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">ITPAC Porto Nacional, one of our subsidiaries,
is party to an administrative tax proceeding filed by the municipality of Porto Nacional in the State of Tocantins, which alleges that
ITPAC Porto Nacional is liable for unpaid taxes on services (ISS) rendered during the period from February 2012 to August 2016, as a result
of the failure by ITPAC Porto Nacional to comply with certain legal requirements related to a tax exemption. The proceeding also challenges
the validity of a judicial agreement between ITPAC Porto Nacional and the municipality. In January 2019, a first instance decision of
the municipality of Porto Nacional determined that ITPAC Porto Nacional had complied with the terms of the tax exemption, reducing the
amount from R$8 million of the liability to R$8.4 thousand, which ITPAC Porto Nacional paid. In June 2020, the administrative appeal filed
by the Municipal Treasury challenging the first instance decision that reduced the amount of the liability was dismissed by the second
administrative instance, canceling the infraction notice (<I>auto de infra&ccedil;&atilde;o</I>). The proceeding was finished in December
2020 and ITPAC Porto Nacional was successful in the decision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">ITPAC Porto Nacional is also party to one tax
foreclosure proceeding filed by the Brazilian federal government on July 12, 2010 for the collection of social security contribution on
payroll debts in the total historical amount of R$2.8 million, for which we did not record any provisions based on the advice of our external
legal counsel that the likelihood of loss is possible. As of the date of this annual report, the amount of this proceeding is approximately
R$2.8 million and the proceeding is pending the decision of the lower court.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">UniSL is party to tax proceeding filed by city
of Porto Velho on July 19, 2017 for having allegedly incurred in insufficient payment of ISSQN - Tax on Service of Any Nature in the total
historical amount of R$6.0 million. As of the date of this annual report, the amount of this proceeding is approximately R$12.4 million
and the likelihood of loss as possible.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The provisions related to taxes proceedings
whose likelihood of loss is assessed as probable are R$35.3 million as of December 31, 2020. There are other Taxes proceedings assessed
by Management and its legal counsels as possible risk of loss, for which no provisions are recognized in the amount of R$4.3 million as
of December 31, 2020.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">&ldquo;Mais M&eacute;dicos&rdquo; Proceedings</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On January 15, 2019, Sociedade de Ensino Superior
Est&aacute;cio de S&aacute; Ltda., or SESES, filed a writ against SERES, requesting a judicial review of SERES&rsquo;s decision to disqualify
the SESES bid to open a medical school in the city of Bragan&ccedil;a, State of Par&aacute;, as part of the public procurement for the
&ldquo;<I>Mais M&eacute;dicos</I>&rdquo; program, and award it to ITPAC Porto Nacional. The lower court granted a preventive injunction
in favor of SESES, suspending SERES&rsquo;s award of the medical school to ITPAC Porto Nacional. ITPAC Porto Nacional joined these proceedings
as a co-defendant. On March 6, 2019, the federal prosecutor issued an opinion to dismiss the writ. On September 11, 2019, the lower court
dismissed the writ and revoked the suspension of the award of the medical school granted by MEC to ITPAC Porto Nacional, and we became
authorized by MEC to open and operate a medical school in the city of Bragan&ccedil;a. As of the date of this annual report, the proceedings
are pending the review of the appeal by the Federal Court of Appeals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On January 31, 2019, Brasil Educa&ccedil;&atilde;o
S.A., or BR Educa&ccedil;&atilde;o, filed proceedings against SERES, requesting a judicial review of SERES&rsquo;s decision to disqualify
the BR Educa&ccedil;&atilde;o bid to open a school in the city of Abaetetuba, State of Par&aacute;, as part of the public procurement
for the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; program, and award it to ITPAC Porto Nacional. ITPAC Porto Nacional joined these proceedings
as a co-defendant. The lower court granted a preventive injunction in favor of BR Educa&ccedil;&atilde;o, suspending SERES&rsquo;s award
of the medical school to ITPAC Porto Nacional. This injunction was subsequently repealed by the Federal Court of Appeals upon preliminary
review. As of the date of this annual report, the proceedings are pending the issuance of the final decision by the lower court and the
Federal Court of Appeals, and ITPAC Porto Nacional is authorized by MEC to open and operate a medical school in the city of Abaetetuba.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On February 2, 2019, in proceedings separate
to those of BR Educa&ccedil;&atilde;o, Faculdades Integradas Caraj&aacute;s S/C Ltda., or Faculdades Caraj&aacute;s, filed a writ against
SERES, requesting a judicial review of SERES&rsquo;s decision to disqualify the Faculdades Caraj&aacute;s bid to open a medical school
in the city of Abaetetuba, State of Par&aacute;, as part of the public procurement for the &ldquo;<I>Mais M&eacute;dicos</I>&rdquo; program,
and award it to ITPAC Porto Nacional. The lower court granted a preventive injunction in favor of Faculdades Caraj&aacute;s, suspending
SERES&rsquo;s award of the school to ITPAC Porto Nacional. On October 10, 2019, Faculdades Caraj&aacute;s filed a motion to dismiss the
writ, and the writ was dismissed by the lower court on January 10, 2020. Consequently, ITPAC Porto Nacional is authorized by MEC to open
and operate a medical school in the city of Abaetetuba.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In July 2019, Instituto Metropolitano de Ensino
Ltda., or IME, filed a lawsuit against SERES requesting the cancellation of the results of the public procurement for the &ldquo;<I>Mais
M&eacute;dicos</I>&rdquo; program in connection with the awards granted to IPTAN and ITPAC Aragua&iacute;na to open medical schools in
the cities of Itacoatiara and Manacapuru, located in the State of Amazonas. IME alleges that SERES&rsquo;s final decision with respect
to IME&rsquo;s participation in the public procurement was irregular.On September 11, 2019, the lower court granted a preventive injunction
in favor of IME, suspending SERES&rsquo;s award of the medical schools to IPTAN and ITPAC Aragua&iacute;na. IPTAN and ITPAC Aragua&iacute;na
joined these proceedings as co-defendants. The preventive injunction was suspended following an appeal filed by SERES, and SERES, IPTAN
and ITPAC Aragua&iacute;na filed their responses to IME&rsquo;s allegations. As of the date of this annual report, these proceedings are
pending the decision of the lower court. On February 14, 2020, the preventive injunction granted in favor of IME to suspend the results
of the public procurement in the cities of Itacoatiara and Manacapuru was revoked by the Federal Court of Appeals. This decision gave
a suspensive effect for the appeal filed by IPTAN and ITPAC Aragua&iacute;na, rendering the decisions of the first instance without effect.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Dividends and Dividend Policy</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We have not adopted a dividend policy with
respect to future distributions of dividends. The amount of any distributions will depend on many factors such as our results of operations,
financial condition, cash requirements, prospects and other factors deemed relevant by our board of directors and, where applicable, our
shareholders. We currently intend to retain all available funds and any future earnings, if any, to fund the development and expansion
of our business and we do not anticipate paying any cash dividends in the foreseeable future. See &ldquo;Item 3. Key Information&mdash;D.
Risk Factors&mdash;Certain Risks Relating to Our Business and Industry&mdash;It is unlikely that we will declare any dividends on our
common shares in the foreseeable future and therefore, you must rely on price appreciation of our common shares for a return on your investment.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We may make any future determination to pay
dividends based on an ordinary shareholder resolution, but no dividend may exceed the amount recommended by our board of directors. Even
if our board of directors recommends a dividend payment, the form, frequency and amount will depend on a number of factors, including
our future operations and earnings, our capital requirements and surplus, our general financial condition, impositions of restrictions
on conversions and remittances of funds abroad in the jurisdictions where we operate, contractual restrictions and other factors that
the board of directors may deem relevant. Cash dividends on our common shares, if any, will be paid in U.S. dollars.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are a holding company incorporated in the
Cayman Islands. We rely on dividends and distributions from our subsidiaries in Brazil for our cash requirements, including funds to pay
our operating expenses, service any debt we may incur and pay dividends and other cash distributions to our shareholders. Our holding
company structure makes us dependent on the operations of our subsidiaries and therefore, any determination to pay dividends in the future
will depend on our ability to receive distributions from them. See &ldquo;Item 3. Key Information&mdash;D. Risk Factors&mdash;Certain
Risks Relating to Our Business and Industry&mdash;Our holding company structure makes us dependent on the operations of our subsidiaries.
We depend on dividend distributions by our subsidiaries, and we may be adversely affected if the performance of our subsidiaries is not
positive.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Certain Cayman Islands Legal Requirements Related to Dividends</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Under the Companies Act and our Articles of
Association, a Cayman Islands company may pay a dividend out of either its profit or share premium account, but a dividend may not be
paid if this would result in the company being unable to pay its debts as they fall due in the ordinary course of business. According
to our Articles of Association, dividends can be declared and paid out of funds lawfully available to us, which include the share premium
account. Dividends, if any, would be paid in proportion to the number of common shares a shareholder holds. For further information,
see &ldquo;Item 10. Additional Information&mdash;E. Taxation&mdash;Cayman Islands Tax Considerations.&rdquo;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Certain Brazilian Legal Requirements Related to Dividends</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our ability to pay dividends is directly related
to positive and distributable net results from our Brazilian subsidiaries. See &ldquo;Item 3. Key Information&mdash;D. Risk Factors&mdash;Certain
Risks Relating to Our Business and Industry&mdash;Our holding company structure makes us dependent on the operations of our subsidiaries.
We depend on dividend distributions by our subsidiaries, and we may be adversely affected if the performance of our subsidiaries is not
positive.&rdquo; Our Brazilian subsidiaries are required under Federal Law No. 6,404 dated December 15, 1976, as amended, to distribute
a mandatory minimum dividend to shareholders each year, which cannot be lower than 25% of their income for the prior year, unless a lower
mandatory minimum dividend is provided for in such subsidiary by-laws or such distribution is suspended by a decision of such subsidiary&rsquo;s
shareholders at its annual shareholders&rsquo; meeting based on a report by its board of directors that such distribution would be incompatible
with its financial condition at that time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, if, for any legal reasons due
to new laws or bilateral agreements between countries, our Brazilian subsidiaries are unable to pay dividends to Cayman Islands companies,
or if a Cayman Islands company becomes incapable of receiving them, we may not be able to make any dividend payments in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of the date of this annual report, Afya
Brazil and certain of our subsidiaries are required by their respective bylaws to distribute the following minimum dividends to shareholders:
(i)&nbsp;Afya Brazil, ITPAC&mdash;Instituto Tocantinense Presidente Ant&ocirc;nio Carlos&nbsp;S.A. (ITPAC Aragua&iacute;na), ITPAC Porto
Nacional&mdash;Instituto Tocantinense Presidente Ant&ocirc;nio Carlos&nbsp;S.A., IESP&mdash;Instituto de Ensino Superior do Piau&iacute;&nbsp;S.A.,
IPTAN&mdash;Instituto de Ensino Superior Presidente Tancredo de Almeida Neves S.A., Uni&atilde;o Educacional do Planalto Central S.A.(UEPC),
Instituto Educacional Santo Agostinho S.A. (FASA), Sociedade Universit&aacute;ria Redentor S.A. (UniRedentor), PEBMED Institui&ccedil;&atilde;o
de Pesquisa M&eacute;dica e Servi&ccedil;os Tecnol&oacute;gicos da &Aacute;rea da Sa&uacute;de S.A. (PEBMED), FESAR &ndash; Sociedade
de Educa&ccedil;&atilde;o, Cultura e Tecnologia da Amaz&ocirc;nia S.A. (FESAR), Iclinic Desenvolvimento de Software S.A. (Iclinic), Iclinic
Participa&ccedil;&otilde;es S.A. (Iclinic Participa&ccedil;&otilde;es), Black River Participa&ccedil;&otilde;es S.A. (Black River), Medicinae
Solutions S.A. (Medicinae)&mdash;at least 25% of adjusted net profit in each fiscal year; (ii)&nbsp;Medcel Editora e Eventos&nbsp;S.A.
(Medcel Editora)&mdash;at least 50% of adjusted net profit in each fiscal year; (iii)&nbsp;IESVAP&mdash;at least 80% of adjusted net profit
in each fiscal year; (iv)&nbsp;UNIVA&Ccedil;O&mdash;at least 90% of adjusted net profit in each fiscal year; (v)&nbsp;Centro de Ci&ecirc;ncias
em Sa&uacute;de de Itajub&aacute;&nbsp;S.A. (CCSI)&mdash;at least 2% of net profit in each fiscal year. FADEP, Centro Integrado de Sa&uacute;de
de Teresina&nbsp;Ltda., Instituto de Pesquisa e Ensino M&eacute;dico do Estado de Minas Gerais&nbsp;Ltda. (IPEMED), Instituto Paraense
de Educa&ccedil;&atilde;o e Cultura&nbsp;Ltda. (IPEC), ESMC Educa&ccedil;&atilde;o Superior&nbsp;Ltda. (ESMC), Centro Universit&aacute;rio
S&atilde;o Lucas Ltda. (UniSL), Centro Superior de Ci&ecirc;ncias da Sa&uacute;de S/S Ltda. (FCMPB), Medphone Teconologia em Sa&uacute;de
Ltda. (Medphone), Medical Harbour Aparaelhos M&eacute;dico &ndash; Hospitalares e Servi&ccedil;os em Tecnologia Ltda. (Medical Harbour)
e CliqueFarma Drogarias Online Ltda. (CliqueFarma), are limited liability companies and their articles of association do not stipulate
a mandatory minimum dividend.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We have not declared or paid any dividends
to our shareholders since our incorporation in the Cayman Islands on March 22, 2019. Afya Brazil did not declare or pay any dividends
to its shareholders in 2018 and 2020. On June 13, 2019, Afya Brazil approved the payment of interim dividends totaling R$38 million to
Afya Brazil shareholders of record on June 13, 2019. The dividend amount was determined based on Afya Brazil&rsquo;s net income for the
five months ended May 31, 2019. Neither Afya nor the public shareholders of Afya were entitled to receive such dividend, which was paid
in September 2019.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_037"></A>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Significant Changes</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Except as disclosed elsewhere in this annual
report, we have not experienced any significant changes since the date of our audited consolidated financial statements included in this
annual report.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_038"></A>ITEM 9. THE OFFER AND LISTING</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_039"></A>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Offer and Listing
Details</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On July 19, 2019, we completed our initial
public offering. On February 7, 2020, we completed a follow-on offering. Our common shares have been listed on the Nasdaq since July 19,
2019 under the symbol &ldquo;AFYA.&rdquo; Prior to that date, there was no public trading market for our common shares.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_040"></A>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plan of Distribution</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_041"></A>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Markets</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">See &ldquo;&mdash;A. Offer and Listing Details&rdquo;
above.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_042"></A>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selling Shareholders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_043"></A>E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dilution</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_044"></A>F.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expenses of the
Issue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_045"></A>ITEM 10. ADDITIONAL INFORMATION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_046"></A>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share Capital</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_047"></A>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Memorandum and
Articles of Association</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Description of Share Capital</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We were incorporated on March 22, 2019 as a
Cayman Islands exempted company with limited liability duly registered with the Cayman Islands Registrar of Companies. Our corporate purposes
are unrestricted and we have the authority to carry out any object not prohibited by law as provided by Section 7(4) of the Companies
Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our affairs are governed principally by (i)&nbsp;our
Memorandum and Articles of Association; (ii)&nbsp;the Companies Act; and (iii)&nbsp;the common law of the Cayman Islands. As provided
in our Memorandum and Articles of Association, subject to Cayman Islands law, we have full capacity to carry on or undertake any business
or activity, do any act or enter into any transaction, and, for such purposes, full rights, powers and privileges. Our registered office
is c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our Articles of Association authorize the issuance
of share capital of up to 1,000,000,000 shares of a nominal or par value of US$0.00005 each, which, at the date of this annual report,
comprise 500,000,000 Class A common shares and 250,000,000 Class B common shares (which may be converted into Class A common shares in
the manner contemplated in our Articles of Association), and 250,000,000 shares of such class or classes (howsoever designated) and having
the rights that our board of directors may determine. As of the date of this annual report we have 45,662,790 Class A common shares and
48,034,315 Class B common shares of our authorized share capital issued and outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following is a summary of the material
provisions of our authorized share capital and our Articles of Association.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Share Capital</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Memorandum and Articles of Association
currently authorize two classes of common shares: Class A common shares, which are entitled to one vote per share, and Class B common
shares, which are entitled to 10 votes per share and to maintain a proportional ownership interest in the event that additional Class
A common shares are issued. Any holder of Class B common shares may convert his or her shares at any time into Class A common shares
on a share-for-share basis. The rights of the two classes of common shares are otherwise identical, except as described below. The implementation
of this dual class equity structure was required by the Esteves Family and Crescera, our principal shareholders, as a condition of undertaking
the initial public offering of our common shares. See &ldquo;&mdash;Anti-Takeover Provisions in Our Articles of Association&mdash;Two
Classes of Common Shares.&rdquo;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, our total authorized
share capital was US$50,000, divided into 1,000,000,000 shares par value US$0.00005 each, of which:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>500,000,000 shares are designated as Class A common shares;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>250,000,000 shares are designated as Class B common shares; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>250,000,000 shares of such class or classes (howsoever designated) and having the rights as the Board may determine.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, Afya had a total issued
share capital of R$17 thousand, divided 45,112,416 Class A common shares and 48,034,315 Class B common shares.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Treasury Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020 and as of April 26,
2021, Afya had no treasury shares and 521,117 shares in treasury, respectively.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Issuance of Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Except as expressly provided in our Articles
of Association, our board of directors has general and unconditional authority to allot, grant options over, offer or otherwise deal with
or dispose of any unissued shares in the company&rsquo;s capital without the approval of our shareholders (whether forming part of the
original or any increased share capital), either at a premium or at par, with or without preferred, deferred or other special rights or
restrictions, whether in regard to dividend, voting, return of capital or otherwise and to such persons, on such terms and conditions,
and at such times as the directors may decide, but so that no share shall be issued at a discount, except in accordance with the provisions
of the Companies Act. In accordance with its Articles of Association, Afya shall not issue bearer shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our Articles of Association provide that at
any time that there are Class A common shares in issue, additional Class B common shares may only be issued pursuant to (i)&nbsp;a share
split, subdivision of shares or similar transaction or where a dividend or other distribution is paid by the issue of shares or rights
to acquire shares or following capitalization of profits, (ii)&nbsp;a merger, consolidation, or other business combination, or (iii)&nbsp;an
issuance of shares including Class A common shares or any other class of share designated as a common share pursuant to the Articles of
Association, whereby each holder of the Class B common shares is entitled to purchase a number of Class B common shares that would allow
it to maintain its proportional ownership interests in Afya (following an offer by Afya to each holder of Class B common shares to issue
to such holder, upon the same economic terms and at the same price, such number of Class B common shares as would ensure such holder may
maintain a proportional ownership interest in Afya pursuant to our Articles of Association). In light of: (a)&nbsp;the above provisions;
(b)&nbsp;the fact that future transfers by holders of Class B common shares will generally result in those shares converting to Class
A common shares, subject to limited exceptions as provided in the Articles of Association; and (c)&nbsp;the ten-to-one voting ratio between
our Class B common shares and Class A common shares, means that holders of our Class B common shares will in many situations continue
to maintain control of all matters requiring shareholder approval. This concentration of ownership and voting power will limit or preclude
your ability to influence corporate matters for the foreseeable future. For more information see &ldquo;&mdash;Preemptive or Similar Rights.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our Articles of Association also provide that
the issuance of non-voting common shares requires the affirmative vote of a majority of the of then-outstanding Class A common shares
and the prior written consent of a Crescera Director and Esteves Family Director as set out below in &ldquo;&mdash;Proceedings of the
Board of Directors.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Fiscal Year</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our fiscal year begins on January 1 of each
year and ends on December 31 of the same year.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Voting Rights</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The holders of the Class A common shares and
Class B common shares have identical rights, except that (i)&nbsp;the holder of Class B common shares is entitled to 10 votes per share,
whereas holders of Class A common shares are entitled to one vote per share, (ii)&nbsp;Class B common shares have certain conversion rights
and (iii)&nbsp;the holders of Class B common shares are entitled to maintain their proportional ownership interest in the event that common
shares and/or preferred shares are proposed to be issued. For more information see below &ldquo;&mdash;Preemptive or Similar Rights&rdquo;
and &ldquo;&mdash;Conversion.&rdquo; The holders of Class A common shares and Class B common shares vote together as a single class on
all matters (including the election of directors) submitted to a vote of shareholders, except as provided below and as otherwise required
by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our Articles of Association provide as follows
regarding the respective rights of holders of Class A common shares and Class B common shares:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><FONT STYLE="background-color: white">(i)</FONT><FONT STYLE="font-family: Courier New, Courier, Monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Class
consents from the holders of Class A common shares or Class B common shares, as applicable, shall be required for any variation to the
rights attached to their respective class of shares, however, the directors may treat any two or more classes of shares as forming one
class if they consider that all such classes would be affected in the same way by the proposal;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">(ii)<FONT STYLE="font-family: Courier New, Courier, Monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
rights conferred on holders of Class A common shares shall not be deemed to be varied by the creation or issue of further Class B common
shares and vice versa; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">(iii)<FONT STYLE="font-family: Courier New, Courier, Monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
rights attaching to the Class A common shares and the Class B common shares shall not be deemed to be varied by the creation or issue
of shares with preferred or other rights, including, without limitation, shares with enhanced or weighted voting rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As set forth in the Articles of Association,
the holders of Class A common shares and Class B common shares, respectively, do not have the right to vote separately if the number of
authorized shares of such class is increased or decreased. Rather, the number of authorized Class A common shares and Class B common shares
may be increased or decreased (but not below the number of shares of such class then outstanding) by the affirmative vote of the holders
of a majority of the voting power of the issued and outstanding Class A common shares and Class B common shares, voting together in a
general meeting.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Preemptive or Similar Rights</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Class A common shares and Class B common
shares are not entitled to preemptive rights upon transfer and are not subject to conversion (except as described below under &ldquo;&mdash;Conversion&rdquo;),
redemption or sinking fund provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Class B common shares are entitled to maintain
a proportional ownership interest in the event that additional common and/or preferred shares are issued. As such, if Afya issues common
and/or preferred shares, it must first make an offer to each holder of Class B common shares to issue to such holder on the same economic
terms such number of Class B common shares as would ensure such holder may maintain a proportional ownership interest in Afya. This right
to maintain a proportional ownership interest may be waived by all of the holders of Class B common shares, such waiver to remain effective
until the date specified therein or 12 months from the date of the waiver.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Conversion</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The outstanding Class B common shares are
convertible at any time as follows: (i)&nbsp;at the option of the holder, a Class B common share may be converted at any time into one
Class A common share or (ii)&nbsp;upon the election of the holders of all the then issued and outstanding Class B common shares, all
outstanding Class B common shares may be converted into a like number of Class A common shares. In addition, each Class B common share
will convert automatically into one Class A common share upon any transfer, whether or not for value, except for certain transfers described
in the Articles of Association, including transfers to holders of Class B common shares, to affiliates, transfers to Bertelsmann SE &amp;
Co. KGaA and any of its affiliates, to and between the Esteves Family, Crescera, their family members and their respective children,
heirs and successors, trusts solely for the benefit of the shareholder or their affiliates, and to partnerships, corporations and other
entities exclusively owned or controlled by the Class B shareholder or their affiliates and certain transfers to organizations that are
exempt from taxation under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. Furthermore, each Class B common share
will convert automatically into one Class A common share and no Class B common shares will be issued thereafter if, at any time, the
total number of the issued and outstanding Class B common shares is less than 10% of the total number of shares outstanding. To the extent
that Crescera or the Esteves Family cease to be a Class B common shareholder, the rights nominally vested to each shall vest in their
permitted transferee within the meaning of our Articles of Association.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">No class of our common shares may be subdivided
or combined unless the other class of common shares is concurrently subdivided or combined in the same proportion and in the same manner.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Equal Status</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Except as expressly provided in our Articles
of Association, Class A common shares and Class B common shares have the same rights and privileges and rank equally, share ratably and
are identical in all respects as to all matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In the event of any merger, consolidation,
scheme, arrangement or other business combination requiring the approval of our shareholders entitled to vote thereon (whether or not
Afya is the surviving entity), the holders of Class A common shares shall have the right to receive, or the right to elect to receive,
the same form of consideration as the holders of Class B common shares, and the holders of Class A common shares shall have the right
to receive, or the right to elect to receive, at least the same amount of consideration on a per share basis as the holders of Class B
common shares. In the event of any (i)&nbsp;tender or exchange offer to acquire any Class A common shares or Class B common shares by
any third-party pursuant to an agreement to which Afya is a party, or (ii)&nbsp;any tender or exchange offer by Afya to acquire any Class
A common shares or Class B common shares, the holders of Class A common shares shall have the right to receive, or the right to elect
to receive, the same form of consideration as the holders of Class B common shares, and the holders of Class A common shares shall have
the right to receive, or the right to elect to receive, at least the same amount of consideration on a per share basis as the holders
of Class B common shares.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Record Dates</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For the purpose of determining shareholders
entitled to notice of, or to vote at any general meeting of shareholders or any adjournment thereof, or shareholders entitled to receive
dividend or other distribution payments, or in order to make a determination of shareholders for any other purpose, Our board of directors
may set a record date which shall not exceed 40 clear days prior to the date where the determination will be made.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">General Meetings of Shareholders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a condition of admission to a shareholders&rsquo;
meeting, a shareholder must be duly registered as a shareholder of Afya at the applicable record date for that meeting and, in order to
vote, all calls or installments then payable by such shareholder to Afya in respect of the shares that such shareholder holds must have
been paid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to any special rights or restrictions
as to voting then attached to any shares, at any general meeting every shareholder who is present in person or by proxy (or, in the case
of a shareholder being a corporation, by its duly authorized representative not being himself or herself a shareholder entitled to vote)
shall have one vote per Class A common share and 10 votes per Class B common share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a Cayman Islands exempted company, Afya
is not obliged by the Companies Act to call annual general meetings; however, the Articles of Association provide that in each year the
company will hold an annual general meeting of shareholders, at a time determined by the board of directors, provided that the board of
directors of Afya has the discretion whether or not to hold an annual general meeting in 2019. For the annual general meeting of shareholders
the agenda will include, among other things, the presentation of the annual accounts and the report of the directors. In addition, the
agenda for an annual general meeting of shareholders will only include such items as have been included therein by the board of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Also, Afya may, but is not required to (unless
required by the laws of the Cayman Islands), hold other extraordinary general meetings during the year. General meetings of shareholders
are generally expected to take place in Nova Lima, Brazil, but may be held elsewhere if the directors so decide.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Companies Act provides shareholders a limited
right to request a general meeting and does not provide shareholders with any right to put any proposal before a general meeting in default
of a company&rsquo;s Articles of Association. However, these rights may be provided in a company&rsquo;s Articles of Association. Our
Articles of Association provide that upon the requisition of one or more shareholders representing not less than one-third of the voting
rights entitled to vote at general meetings, the board will convene an extraordinary general meeting and put the resolutions so requisitioned
to a vote at such meeting. The Articles of Association provide no other right to put any proposals before annual general meetings or extraordinary
general meetings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to regulatory requirements, the annual
general meeting and any extraordinary general meetings must be called by not less than 10 clear calendar days&rsquo; notice prior to the
relevant shareholders meeting and convened by a notice discussed below. Alternatively, upon the prior consent of all holders entitled
to receive notice, with regards to the annual general meeting, and the holders of 95% in par value of the shares entitled to attend and
vote at an extraordinary general meeting, that meeting may be convened by a shorter notice and in a manner deemed appropriate by those
holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Afya will give notice of each general meeting
of shareholders by publication on its website and in any other manner that it may be required to follow in order to comply with Cayman
Islands law, Nasdaq and SEC requirements. The holders of registered shares may be given notice of a shareholders&rsquo; meeting by means
of letters sent to the addresses of those shareholders as registered in our shareholders&rsquo; register, or, subject to certain statutory
requirements, by electronic means.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><B>Holders whose shares are registered in the
name of DTC or its nominee, which we expect will be the case for all holders of Class A common shares, will not be a shareholder or member
of the company and must rely on the procedures of DTC regarding notice of shareholders&rsquo; meetings and the exercise of rights of a
holder of the Class A common shares.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A quorum for a general meeting consists of
any one or more persons holding or representing by proxy not less than one-third of the aggregate voting power of all shares in issue
and entitled to vote upon the business to be transacted, provided that such a quorum must also include (i)&nbsp;Crescera for so long as
it holds Class B common shares, and (ii)&nbsp;the Esteves Family for so long as it holds Class B common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A resolution put to a vote at a general meeting
shall be decided on a poll. An ordinary resolution to be passed by the shareholders at a general meeting requires the affirmative vote
of a simple majority of the votes cast by, or on behalf of, the shareholders entitled to vote, present in person or by proxy and voting
at the meeting. A special resolution requires the affirmative vote on a poll of no less than two-thirds of the votes cast by the shareholders
entitled to vote who are present in person or by proxy at a general meeting. Both ordinary resolutions and special resolutions may also
be passed by a unanimous written resolution signed by all the shareholders of our Company, as permitted by the Companies Act and our Articles
of Association.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Pursuant to our Articles of Association, general
meetings of shareholders are to be chaired by the chairman of our board of directors or in his absence the vice-chairman of the board
of directors. If the chairman or vice-chairman of our board of directors is absent, the directors present at the meeting shall appoint
one of them to be chairman of the general meeting. If neither the chairman nor another director is present at the general meeting within
15 minutes after the time appointed for holding the meeting, the shareholders present in person or by proxy and entitled to vote may elect
any one of the shareholders to be chairman. The order of business at each meeting shall be determined by the chairman of the meeting and
he or she shall have the right and authority to prescribe such rules, regulations and procedures and to do all such acts and things as
are necessary or desirable for the proper conduct of the meeting, including, without limitation, the establishment of procedures for the
maintenance of order and safety, limitations on the time allotted to questions or comments on the affairs of the Company, restrictions
on entry to such meeting after the time prescribed for the commencement thereof, and the opening and closing of the polls. The chairman
shall not have the right to vote in his capacity as chairman and shall not have a casting vote.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Liquidation Rights</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">If Afya is voluntarily wound up, the liquidator,
after taking into account and giving effect to the rights of preferred and secured creditors and to any agreement between Afya and any
creditors that the claims of such creditors shall be subordinated or otherwise deferred to the claims of any other creditors and to any
contractual rights of set-off or netting of claims between Afya and any person or persons (including without limitation any bilateral
or any multi-lateral set-off or netting arrangements between the company and any person or persons) and subject to any agreement between
Afya and any person or persons to waive or limit the same, shall apply our property in satisfaction of its liabilities <I>pari passu
</I>and subject thereto shall distribute the property amongst the shareholders according to their rights and interests in Afya.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Special Matters</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Afya may not without the prior written consent
of (i)&nbsp;Crescera for so long as it holds Class B common shares and (ii)&nbsp;the Esteves Family for so long as it holds Class B common
shares: change the number of directors; change the structure, function, and/or number of the board of executive officers (which comprises
the three senior executive officers that manage the day-to-day business activities of Afya, subject to the overall supervision of the
board of directors); amend its Memorandum and Articles of Association; vary the rights attaching to shares; approve any merger or consolidation
of Afya with one or more constituent companies (as defined in the Companies Act), the contribution by Afya of any assets to any subsidiary
and/or the creation of any joint venture by Afya; approve any business combination; approve the winding-up, liquidation or dissolution
of Afya; or take certain actions in respect of its share capital as set out in the Articles of Association; register as an exempted limited
duration company; or approve the transfer by way of continuation of Afya to a jurisdiction outside the Cayman Islands.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Anti-Corruption and Anti-Money Laundering</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our Articles of Association contain stringent
anti-corruption, anti-money laundering and certain other related measures applicable to us, our officers and directors, and its service
providers. The Articles of Association provide that if one of our shareholders is found to have been involved in an act of corruption,
money laundering or other related irregular act, the directors shall convene a meeting to consider the circumstances of such incident,
and establish a course of action to be taken against such shareholder. The actions range from (i)&nbsp;suspending such shareholder from
his/her duties as a director, officer and/or employee (if applicable) of the Company; (ii)&nbsp;terminating such duties; (iii)&nbsp;directing
such shareholder to transfer the entirety of his/her shareholding in the Company to his/her children and/or heirs; or (iv)&nbsp;if such
transfer is not possible, resolve that the shares in the Company owned by such shareholder be mandatorily redeemed by us. Further, our
Articles of Association provide that we shall not engage the services of any provider that has been found to violate applicable anti-corruption
laws, and further provide that we and our shareholders shall not violate applicable anti-corruption laws.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Changes to Capital</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to the restrictions contained in the
Articles of Association and summarized above in &ldquo;&mdash;Special Matters,&rdquo; Afya may from time to time by ordinary resolution:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>increase its share capital by such sum, to be divided into shares of such amount, as the resolution shall prescribe;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>consolidate and divide all or any of its share capital into shares of a larger amount than its existing shares;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>convert all or any of its paid-up shares into stock and reconvert that stock into paid up shares of any denomination;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>subdivide its existing shares or any of them into shares of a smaller amount, provided that in the subdivision the proportion between
the amount paid and the amount, if any, unpaid on each reduced share shall be the same as it was in the case of the share from which the
reduced share is derived; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>cancel any shares which, at the date of the passing of the resolution, have not been taken or agreed to be taken by any person and
diminish the amount of its share capital by the amount of the shares so canceled.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our shareholders may by special resolution,
subject to confirmation by the Grand Court of the Cayman Islands on an application by the Company for an order confirming such reduction,
reduce its share capital or any capital redemption reserve in any manner permitted by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, subject to the provisions of the
Companies Act and our Articles of Association, Afya may:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>issue shares on terms that they are to be redeemed or are liable to be redeemed;</TD></TR></TABLE>


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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>purchase its own shares (including any redeemable shares); and</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>make a payment in respect of the redemption or purchase of its own shares in any manner authorized by the Companies Act, including
out of its own capital.</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Transfer of Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to any applicable restrictions set
forth in the Articles of Association, any shareholder of Afya may transfer all or any of his or her common shares by an instrument of
transfer in the usual or common form or in the form prescribed by the Nasdaq or any other form approved by the Company&rsquo;s board of
directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Class A common shares are traded on the
Nasdaq in book-entry form and may be transferred in accordance with our Articles of Association and Nasdaq&rsquo;s rules and regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">However, our board of directors may, in its
absolute discretion, decline to register any transfer of any common share which is either not fully paid up to a person of whom it does
not approve or is issued under any share incentive scheme for employees which contains a transfer restriction that is still applicable
to such common share. The board of directors may also decline to register any transfer of any common share unless:</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the instrument of transfer is lodged with Afya, accompanied by the certificate (if any) for the common shares to which it relates
and such other evidence as our board of directors may reasonably require to show the right of the transferor to make the transfer;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the instrument of transfer is in respect of only one class of shares;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the instrument of transfer is properly stamped, if required;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the common shares transferred are free of any lien in favor of Afya; and</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>in the case of a transfer to joint holders, the transfer is not to more than four joint holders.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">If the directors refuse to register a transfer
they are required, within 15 business days after the date on which the instrument of transfer was lodged, to send to the transferee notice
of such refusal.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Share Repurchase</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Companies Act and the Articles of Association
permit Afya to purchase its own shares, subject to certain restrictions. The board of directors may only exercise this power on behalf
of Afya, and subject to the Companies Act, the Articles of Association and to any applicable requirements imposed from time to time by
the SEC, the Nasdaq, or by any recognized stock exchange on which our securities are listed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our Board of Directors approved a share buyback
program on December 23, 2020. Under the share buyback program, Afya may repurchase up to 1,015,844 of its outstanding Class A common shares
in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on December 24,
2020 continuing until the earlier of the completion of the repurchase or December 31, 2021, depending upon market conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The share repurchases may be made from time
to time through open market transactions and are subject to market and business conditions, levels of available liquidity, cash requirements
for other purposes, regulatory, and other relevant factors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The share buyback program will take place in
accordance with the conditions established by the Board of Directors on December 16, 2020. We intend to repurchase the shares to execute
the stock option program for the executives of the company. Our Board of Directors will review the share buyback program periodically
and may authorize adjustments to its terms and size or suspend or discontinue the program. We expect to utilize our existing funds to
fund repurchases made under this program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our Board of Directors also authorized management
to appoint BofA Securities, Inc. as our agent to purchase Securities on its behalf in the open market. It is our intention such purchases
benefit from the safe harbor provided by Rule 10b-18, Rule 10b-18, promulgated by the SEC under the Exchange Act. Accordingly, we shall
not take, nor permit any person or entity under its control to take, any action that could jeopardize the availability of Rule 10b-18
for purchases of our common shares under the program.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Dividends and Capitalization of Profits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We have not adopted a dividend policy with
respect to payments of any future dividends by Afya. Subject to the Companies Act, our shareholders may, by resolution passed by a simple
majority of the voting rights entitled to vote at a general meeting, declare dividends (including interim dividends) to be paid to shareholders
but no dividend shall be declared in excess of the amount recommended by the board of directors. The board of directors may also declare
dividends. Dividends may be declared and paid out of funds lawfully available to Afya. Except as otherwise provided by the rights attached
to shares and the Articles of Association of Afya, all dividends shall be paid in proportion to the number of Class A common shares or
Class B common shares a shareholder holds at the date the dividend is declared (or such other date as may be set as a record date); but,
(i)&nbsp;if any share is issued on terms providing that it shall rank for dividend as from a particular date, that share shall rank for
dividend accordingly, and (ii)&nbsp;where we have shares in issue which are not fully paid up (as to par value) we may pay dividends in
proportion to the amounts paid up on each share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The holders of Class A common shares and Class
B common shares shall be entitled to share equally in any dividends that may be declared in respect of our common shares from time to
time. In the event that a dividend is paid in the form of Class A common shares or Class B common shares, or rights to acquire Class A
common shares or Class B common shares, (i)&nbsp;the holders of Class A common shares shall receive Class A common shares, or rights to
acquire Class A common shares, as the case may be; and (ii)&nbsp;the holders of Class B common shares shall receive Class B common shares,
or rights to acquire Class B common shares, as the case may be.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Appointment, Disqualification and Removal of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Afya is managed by its board of directors.
The Articles of Association provide that, unless otherwise determined by a special resolution of shareholders, the board of directors
will be composed of four to 11 directors, with the number being determined by a majority of the directors then in office. There are no
provisions relating to retirement of directors upon reaching any age limit. The Articles of Association also provide that, while our shares
are admitted to trading on Nasdaq, the board of directors must always comply with the residency and citizenship requirements of the U.S.
securities laws applicable to foreign private issuers. Crescera for so long as it holds Class B common shares may appoint up to three
directors at its discretion (and is entitled at any time to remove substitute or replace such directors) (&ldquo;Crescera Directors&rdquo;),
and the Esteves Family for so long as it holds Class B common shares may appoint up to three directors at its discretion (and is entitled
at any time to remove substitute or replace such directors) (&ldquo;Esteves Family Directors&rdquo;), in addition for so long as both
hold Class B common shares, they may appoint a further director (the &ldquo;Joint Director&rdquo;) and are entitled at any time to remove,
substitute or replace the Joint Director. The board of directors shall have a chairman that for so long as both Crescera and the Esteves
Family hold Class B common shares, which chairman is appointed in rotation for a term of a year by each of them as prescribed in the Articles
of Association, such right to be exercised initially by Crescera. Once neither Crescera nor the Esteves Family hold Class B common shares,
the chairman is elected by the board of directors then in office instead. The directors may elect a vice chairman of the board of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to the foregoing, the Articles of Association
provide that directors shall be elected by an ordinary resolution of our shareholders, which requires the affirmative vote of a simple
majority of the votes cast on the resolution by the shareholders entitled to vote who are present, in person or by proxy, at the meeting.
Each director shall be appointed and elected for a two-year term or until his or her death, resignation or removal, and is eligible for
re-election.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For the names of our directors, see &ldquo;Item
6. Directors, Senior Management and Employees&mdash;A. Directors and Senior Management&mdash;Board of Directors.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Any vacancies on the board of directors that
arise other than in respect of the Crescera and/or Esteves Family director appointments set out above or upon the removal of a director
by resolution passed at a general meeting can be filled by the remaining directors (notwithstanding that they may constitute less than
a quorum). Any such appointment shall be as an interim director to fill such vacancy until the next annual general meeting of shareholders.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to the foregoing, additions to the
existing board (within the limits set pursuant to the Articles of Association) may be made by ordinary resolution of the shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our board of directors has an audit committee
in place. See &ldquo;Item 6. Directors, Senior Management and Employees&mdash;A. Directors and Senior Management&mdash;Audit Committee.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Grounds for Removing a Director</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A director may be removed with or without cause
by ordinary resolution, save that each Crescera Director may be removed by Crescera at its discretion and each Esteves Family Director
may be removed by the Esteves Family at its discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The notice of general meeting must contain
a statement of the intention to remove the director and must be served on the director not less than 10 calendar days before the meeting.
The director is entitled to attend the meeting and be heard on the motion for his removal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The office of a director will be vacated automatically
if he or she (i)&nbsp;becomes prohibited by law from being a director, (ii)&nbsp;becomes bankrupt or makes an arrangement or composition
with his creditors, (iii)&nbsp;dies or is in the opinion of all his co-directors, incapable by reason of mental disorder of discharging
his duties as director, (iv)&nbsp;resigns his office by notice to us or (v)&nbsp;has for more than six months been absent without permission
of the directors from meetings of the board of directors held during that period, and the remaining directors resolve that his or her
office be vacated. Further, the Directors may remove a Director as set out above in &ldquo;&mdash;Anti-Corruption.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Proceedings of the Board of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Articles of Association provide that our
business is to be managed and conducted by the board of directors, save that Afya may not without (i)&nbsp;the consent of a Crescera Director
while there is a Crescera Director and (ii)&nbsp;the consent of an Esteves Family Director while there is an Esteves Family Director:
create new classes of shares, issue new shares, options, warrants or convertible securities of similar nature conferring the right upon
the holders thereof to subscribe for purchase or receive any class of shares or securities in the capital of Afya; repurchase or redeem
any shares; approve the payment of any remuneration to a Director or executive Officer; approve any incentive plan (as set out in the
Articles of Association); change our accounting practices except as required by applicable law; execute and/or terminate any shareholders&rsquo;
agreement, quotaholders&rsquo; agreement, or any other agreements related to our interest in any subsidiary; approve our financial statements;
effect an initial public offering and/or follow-on offerings of Afya, or hire any investment banks or service providers inherent to the
initial public offering; approve the listing and/or the delisting of our securities with any designated stock exchange; change our dividend
policy and/or approve any dividend, create and/or use our reserves; approve any budget, as well as any amendment and/or change to such
budget; conduct, negotiate, terminate and/or amend any business, agreement, or transaction between Afya and any related party; acquire,
sell or encumber any of our permanent assets, in one transaction or in a series of transactions, which value exceeds the equivalent of
R$250 thousands; approve any sale or encumbrance, for the benefit of a person of shares issued by any subsidiary, or the admission of
any new partner or shareholder in such subsidiaries; create or dissolve any committees of the Directors; carry out any investments outside
the scope of the core business of Afya or its controlled persons (as set out in the Articles of Association); incorporate any entity;
acquire, sell or encumber the capital stock of entities in which Afya has an interest; appoint or terminate the engagement of any auditor
that is not an Authorized Auditor as set out in the Articles of Association; provide any guarantee in respect of any person or related
person of any of our shareholders, director and/or officers inter alia; negotiate, amend, renew, change of terminate any lease agreement
or enter into any new lease agreement; appoint any executive officer; approve the delegation of any powers by the board of directors;
or take actions in connection with the Company&rsquo;s Anti-Corruption measures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The quorum necessary for the board meeting
shall be a simple majority of the directors then in office (subject to there being a minimum of two directors present), provided that
such a quorum must include at least one Crescera Director for so long as there is at least one Crescera Director and one Esteves Family
Director for so long as there is one Esteves Family Director and business at any meeting shall be decided by a majority of votes, provided
such a majority must include at least one Crescera Director for so long as there is at least one Crescera Director and one Esteves Family
Director for so long as there is one Esteves Family Director. In the case of an equality of votes, neither the chairman of the board nor
the chairman of the meeting shall have a casting vote.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to the foregoing and the provisions
of the Articles of Association, the board of directors may regulate its proceedings as they determine is appropriate. Board meetings shall
be held at least once every calendar quarter and shall take place either in Nova Lima, Brazil, or at such other place as the directors
may determine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to the provisions of the Articles of
Association, to any directions given by ordinary resolution of the shareholders and the listing rules of the Nasdaq, the board of directors
may from time to time at its discretion exercise all powers of Afya, including, subject to the Companies Act, the power to issue debentures,
bonds and other securities of the company, whether outright or as collateral security for any debt, liability or obligation of our company
or of any third-party.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Inspection of Books and Records</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Holders of Afya shares have no general right
under Cayman Islands law to inspect or obtain copies of the list of shareholders or corporate records of the Company. However, the board
of directors may determine from time to time whether and to what extent our accounting records and books shall be open to inspection by
shareholders who are not members of the board of directors. Notwithstanding the above, the Articles of Association provide shareholders
with the right to receive annual financial statements and upon request agreements executed by the Company and its Related Parties (as
defined in the Articles of Association), shareholder agreements to which the Company is a party and details of any incentive plan). Such
right to receive annual financial statements may be satisfied by publishing the same on the company&rsquo;s website or filing such annual
reports as we are required to file with the SEC.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Register of Shareholders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Class A common shares are held through
DTC, and DTC or Cede &amp; Co., as nominee for DTC, and recorded in the shareholders&rsquo; register as the holder of our Class A common
shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Under Cayman Islands law, Afya must keep a
register of shareholders that includes:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the names and addresses of the shareholders, a statement of the shares held by each member and of the amount paid or agreed to be
considered as paid, on the shares of each member;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>whether voting rights attach to the shares in issue;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the date on which the name of any person was entered on the register as a member; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the date on which any person ceased to be a member.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Under Cayman Islands law, the register of shareholders
of Afya is prima facie evidence of the matters set out therein (i.e., the register of shareholders will raise a presumption of fact on
the matters referred to above unless rebutted) and a shareholder registered in the register of shareholders is deemed as a matter of Cayman
Islands law to have <I>prima facie</I> legal title to the shares as set against his or her name in the register of shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">However, there are certain limited circumstances
where an application may be made to a Cayman Islands court for a determination on whether the register of members reflects the correct
legal position. Further, the Cayman Islands court has the power to order that the register of members maintained by a company should be
rectified where it considers that the register of members does not reflect the correct legal position. If an application for an order
for rectification of the register of members were made in respect of our ordinary shares, then the validity of such shares may be subject
to re-examination by a Cayman Islands court.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Exempted Company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Afya is an exempted company with limited liability
under the Companies Act. The Companies Act distinguishes between ordinary resident companies and exempted companies. Any company that
is registered in the Cayman Islands but conducts business mainly outside of the Cayman Islands may apply to be registered as an exempted
company. The requirements for an exempted company are essentially the same as for an ordinary company except for the exemptions and privileges
listed below:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company does not have to file an annual return of its shareholders with the Registrar of Companies;</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company&rsquo;s register of shareholders is not open to inspection;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company does not have to hold an annual general meeting;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company may issue shares with no par value;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company may obtain an undertaking against the imposition of any future taxation (such undertakings are usually given for
20 years in the first instance);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company may register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company may register as a limited duration company; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company may register as a segregated portfolio company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">&ldquo;Limited liability&rdquo; means that
the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company (except in exceptional
circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances
in which a court may be prepared to pierce or lift the corporate veil).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are subject to reporting and other informational
requirements of the Exchange Act, as applicable to foreign private issuers. Except as otherwise disclosed in this annual report, we comply
with the Nasdaq rules in lieu of following home country practice.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Anti-Takeover Provisions in Our Articles of Association</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Some provisions of the Articles of Association
may discourage, delay or prevent a change in control of Afya or management that shareholders may consider favorable. In particular, the
capital structure of Afya concentrates ownership of voting rights in the hands of the Esteves Family and Crescera. These provisions, which
are summarized below, are expected to discourage coercive takeover practices and inadequate takeover bids. These provisions are also designed
to encourage persons seeking to acquire control of Afya to first negotiate with the board of directors. However, these provisions could
also have the effect of discouraging others from attempting hostile takeovers and, as a consequence, they may also inhibit temporary fluctuations
in the market price of the Class A common shares that often result from actual or rumored hostile takeover attempts. These provisions
may also have the effect of preventing changes in the management of Afya. It is possible that these provisions could make it more difficult
to accomplish transactions that shareholders may otherwise deem to be in their best interests.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Two Classes of Common Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Class B common shares of Afya are entitled
to 10 votes per share, while the Class A common shares are entitled to one vote per share. Since they own of all of the Class B common
shares of Afya, the Esteves Family and Crescera currently have the ability to elect all directors and to determine the outcome of most
matters submitted for a vote of shareholders. This concentrated voting control could discourage others from initiating any potential merger,
takeover, or other change of control transaction that other shareholders may view as beneficial.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">So long as the Esteves Family and Crescera
have the ability to determine the outcome of most matters submitted to a vote of shareholders as well as the overall management and direction
of Afya, third parties may be deterred in their willingness to make an unsolicited merger, takeover, or other change of control proposal,
or to engage in a proxy contest for the election of directors. As a result, the fact that Afya has two classes of common shares may have
the effect of depriving you as a holder of Class A common shares of an opportunity to sell your Class A common shares at a premium over
prevailing market prices and make it more difficult to replace the directors and management of Afya.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Preferred Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our board of directors is given wide powers
to issue one or more classes or series of shares with preferred rights. Such preferences may include, for example, dividend rights, conversion
rights, redemption privileges, enhanced voting powers and liquidation preferences.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Despite the anti-takeover provisions described
above, under Cayman Islands law, our board of directors may only exercise the rights and powers granted to them under the Articles of
Association, for what they believe in good faith to be in the best interests of Afya.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Protection of Non-Controlling Shareholders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Grand Court of the Cayman Islands may,
on the application of shareholders holding not less than one fifth of the shares of Afya in issue, appoint an inspector to examine the
Company&rsquo;s affairs and report thereon in a manner as the Grand Court shall direct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to the provisions of the Companies
Act, any shareholder may petition the Grand Court of the Cayman Islands which may make a winding up order, if the court is of the opinion
that this winding up is just and equitable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Notwithstanding the U.S. securities laws and
regulations that are applicable to Afya, general corporate claims against Afya by its shareholders must, as a general rule, be based on
the general laws of contract or tort applicable in the Cayman Islands or their individual rights as shareholders as established by our
Articles of Association.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Cayman Islands courts ordinarily would
be expected to follow English case law precedents, which permit a minority shareholder to commence a representative action against Afya,
or derivative actions in our name, to challenge (i)&nbsp;an act which is ultra vires or illegal, (ii)&nbsp;an act which constitutes a
fraud against the minority and the wrongdoers themselves control Afya, and (iii)&nbsp;an irregularity in the passing of a resolution that
requires a qualified (or special) majority.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Registration Rights and Restricted Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Although no shareholders of Afya have formal
registration rights, they or entities controlled by them or their permitted transferees will be able to sell their shares in the public
market from time to time without registering them, subject to certain limitations on the timing, amount and method of those sales imposed
by regulations promulgated by the SEC.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Principal Differences between Cayman Islands and U.S. Corporate
Law</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Companies Act was modelled originally after
similar laws in England and Wales but does not follow subsequent statutory enactments in England and Wales. In addition, the Companies
Act differs from laws applicable to U.S. corporations and their shareholders. Set forth below is a summary of the significant differences
between the provisions of the Companies Act applicable to Afya and the laws applicable to companies incorporated in the United States
and their shareholders.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Mergers and Similar Arrangements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Companies Act permits mergers or consolidations
between two Cayman Islands companies, or between a Cayman Islands company and a company incorporated in another jurisdiction (provided
that is facilitated by the laws of that other jurisdiction).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Where the merger or consolidation is between
two Cayman Islands companies the directors of each company must approve a written plan of merger or consolidation, which must then be
authorized by (a)&nbsp;a special resolution (usually a majority of 66 2/3 % in value) of the shareholders of each company; and (b)&nbsp;such
other authorization, if any, as may be specified in such constituent company&rsquo;s articles of association. No shareholder resolution
is required for a merger between a parent company (i.e., a company that owns at least 90% of the issued shares of each class in a subsidiary
company) and its subsidiary company. The consent of each holder of a fixed or floating security interest of a constituent company must
be obtained, unless the court waives such requirement. If the Cayman Islands Registrar of Companies is satisfied that the requirements
of the Companies Act (which includes certain other formalities) have been complied with, the Registrar of Companies will register the
plan of merger or consolidation. Where the merger or consolidation involves a foreign company, the procedure is similar, save that with
respect to the foreign company, the director of the Cayman Islands company is required to make a declaration to the effect that, having
made due enquiry, he is of the opinion that the requirements set out below have been met: (i) that the merger or consolidation is permitted
or not prohibited by the constitutional documents of the foreign company and by the laws of the jurisdiction in which the foreign company
is incorporated, and that those laws and any requirements of those constitutional documents have been or will be complied with; (ii)&nbsp;that
no petition or other similar proceeding has been filed and remains outstanding or order made or resolution adopted to wind up or liquidare
the company in any foreign jurisdictions; (iii)&nbsp;that no receiver, trustee, administrator or other similar person has been appointed
in any jurisdiction and is acting in respect of the foreign company, its affairs or property or any part thereof; (iv)&nbsp;that no scheme,
order, compromise or similar arrangement has been entered into or made in any jurisdiction whereby the rights of creditors of the foreign
company are and continue to be suspended or restricted.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Moreover, Cayman Islands law also has separate
statutory provisions that facilitate the reconstruction or amalgamation of companies, in certain circumstances, schemes of arrangement
will generally be more suited for complex mergers or other transactions involving widely held companies, commonly referred to in the Cayman
Islands as a &ldquo;scheme of arrangement&rdquo; which may be tantamount to a merger. In the event that a merger was sought pursuant to
a scheme of arrangement (the procedure of which are more rigorous and take longer to complete than the procedures typically required to
consummate a merger in the United States), the arrangement in question must be approved by a majority in number of each class of shareholders
and creditors with whom the arrangement is to be made, and who must in addition represent three-fourths in value of each such class of
shareholders or creditors, as the case may be, that are present and voting either in person or by proxy at a meeting or meetings summoned
for that purpose. The convening of the meetings and subsequently the terms of the arrangement must be sanctioned by the Grand Court of
the Cayman Islands. While a dissenting shareholder would have the right to express to the court the view that the transaction should not
be approved, the court can be expected to approve the arrangement if it satisfies itself that:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Afya is not proposing to act illegally or beyond the scope of its corporate authority and the statutory provisions as to majority
vote have been complied with;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the shareholders have been fairly represented at the meeting in question;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the arrangement is such as a businessman would reasonably approve;; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the arrangement is not one that would more properly be sanctioned under some other provision of the Companies Act or that would amount
to a &ldquo;fraud on the minority.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">If a scheme of arrangement or takeover offer
(as described below) is approved, any dissenting shareholder would have no rights comparable to appraisal rights, which would otherwise
ordinarily be available to dissenting shareholders of United States corporations, providing rights to receive payment in cash for the
judicially determined value of the shares.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Squeeze-out Provisions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">When a takeover offer is made and accepted
by holders of 90.0% of the shares to whom the offer is made within four months, the offeror may, within a two-month period, require the
holders of the remaining shares to transfer such shares on the terms of the offer. An objection may be made to the Grand Court of the
Cayman Islands but is unlikely to succeed unless there is evidence of fraud, bad faith, collusion or inequitable treatment of the shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.25in">Further, transactions similar to a merger,
reconstruction and/or an amalgamation may in some circumstances be achieved through other means to these statutory provisions, such as
a share capital exchange, asset acquisition or control, through contractual arrangements, of an operating business.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Shareholders&rsquo; Suits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.25in">Maples and Calder (Cayman) LLP, our Cayman
Islands counsel is not aware of any reported class action having been brought in a Cayman Islands court. Derivative actions have been
brought in the Cayman Islands courts, and the Cayman Islands courts have confirmed the availability for such actions. In most cases, we
will be the proper plaintiff in any claim based on a breach of duty owed to us, and a claim against (for example) our officers or directors
usually may not be brought by a shareholder. However, based on English authorities, which would in all likelihood be of persuasive authority
and be applied by a court in the Cayman Islands, exceptions to the foregoing principle apply in circumstances in which:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>a company is acting or proposing to act illegally or beyond the scope of its authority;</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the act complained of, although not beyond the scope of the authority, could be effected if duly authorized by more than the number
of votes which have actually been obtained; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>those who control the company are perpetrating a &ldquo;fraud on the minority.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A shareholder may have a direct right of action
against us where the individual rights of that shareholder have been infringed or are about to be infringed.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Borrowing Powers</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our directors may exercise all the powers of
Afya to borrow money and to mortgage or charge its undertaking, property and assets (present and future) and uncalled capital or any part
thereof and to issue debentures, debenture stock, mortgages, bonds and other such securities whether outright or as security for any debt,
liability or obligation of Afya or of any third party. Such powers may be varied by a special resolution of shareholders (requiring a
two-thirds majority vote).</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Indemnification of Directors and Executive Officers
and Limitation of Liability</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Companies Act does not limit the extent
to which a company&rsquo;s articles of association may provide for indemnification of directors and officers, except to the extent that
it may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or
the consequences of committing a crime. Our Articles of Association provide that we shall indemnify and hold harmless our directors and
officers against all actions, proceedings, costs, charges, expenses, losses, damages, liabilities, judgments, fines, settlements and other
amounts incurred or sustained by such directors or officers, other than by reason of such person&rsquo;s dishonesty, willful default or
fraud, in or about the conduct of our company&rsquo;s business or affairs (including as a result of any mistake of judgment) or in the
execution or discharge of his duties, powers, authorities or discretions, including without prejudice to the generality of the foregoing,
any costs, expenses, losses or liabilities incurred by such director or officer in defending (whether successfully or otherwise) any civil,
criminal or other proceedings concerning Afya or our affairs in any court whether in the Cayman Islands or elsewhere. This standard of
conduct is generally the same as permitted under the Delaware General Corporation Law for a Delaware corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Insofar as indemnification for liabilities
arising under the Securities Act may be permitted to Our directors, officers or persons controlling the Company under the foregoing provisions,
we have been informed that, in the opinion of the SEC, this indemnification is against public policy as expressed in the Securities Act
and is therefore unenforceable.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Directors&rsquo; and Controlling Shareholders&rsquo;
Fiduciary Duties</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a matter of Cayman Islands law, a director
of a Cayman Islands company is in the position of a fiduciary with respect to the company. Accordingly, directors and officers owe the
following fiduciary duties: (1) duty to act in good faith in what the director or officer believes to be in the best interests of the
company as a whole; (2) duty to exercise powers for the purposes for which those powers were conferred and not for a collateral purpose;
(3) directors should not properly fetter the exercise of future discretion; (4) duty to exercise powers fairly as between different sections
of shareholders; (5) duty to exercise independent judgment; and (6) duty not to put themselves in a position in which there is a conflict
between their duty to the company and their personal interests. However, this obligation may be varied by the company&rsquo;s articles
of association, which may permit a director to vote on a matter in which he has a personal interest provided that he has disclosed that
nature of his interest to the board of directors. With respect to the duty of directors to avoid conflicts of interest, our Articles of
Association vary from the applicable provisions of Cayman Islands law mentioned above by providing that a director must disclose the nature
and extent of his or her interest in any contract or arrangement, and following such disclosure and subject to any separate requirement
under applicable law or the listing rules of the Nasdaq, and unless disqualified by the chairman of the relevant meeting, such director
may vote in respect of any transaction or arrangement in which he or she is interested and may be counted in the quorum at the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A director of a Cayman Islands company also
owes to the company duties to exercise independent judgment in carrying out his functions and to exercise reasonable skill, care and diligence,
which has both objective and subjective elements. Recent Cayman Islands case law confirmed that directors must exercise the care, skill
and diligence that would be exercised by a reasonably diligent person
having the general knowledge, skill and experience reasonably to be expected of a person acting as a director.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Additionally, a director must exercise the
knowledge, skill and experience which he or she actually possesses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A general notice may be given to the board
of directors to the effect that (i)&nbsp;the director is a member or officer of a specified company or firm and is to be regarded as interested
in any contract or arrangement which may after the date of the notice be made with that company or firm; or (ii)&nbsp;he or she is to
be regarded as interested in any contract or arrangement which may after the date of the notice to the board of directors be made with
a specified person who is connected with him or her, will be deemed sufficient declaration of interest. This notice shall specify the
nature of the interest in question. Following the disclosure being made pursuant to our Articles of Association and subject to any separate
requirement under applicable law or the listing rules of the Nasdaq, and unless disqualified by the chairman of the relevant meeting,
a director may vote in respect of any transaction or arrangement in which he or she is interested and may be counted in the quorum at
the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In comparison, under Delaware corporate law,
a director of a Delaware corporation has a fiduciary duty to the corporation and its shareholders. This duty has two components: the duty
of care and the duty of loyalty. The duty of care requires that a director act in good faith, with the care that an ordinarily prudent
person would exercise under similar circumstances. Under this duty, a director must inform himself or herself of, and disclose to shareholders,
all material information reasonably available regarding a significant transaction. The duty of loyalty requires that a director act in
a manner he or she reasonably believes to be in the best interests of the corporation. He or she must not use his or her corporate position
for personal gain or advantage. This duty prohibits self-dealing by a director and mandates that the best interest of the corporation
and its shareholders take precedence over any interest possessed by a director, officer or controlling shareholder and not shared by the
shareholders generally. In general, actions of a director are presumed to have been made on an informed basis, in good faith and in the
honest belief that the action taken was in the best interests of the corporation. However, this presumption may be rebutted by evidence
of a breach of one of the fiduciary duties. Should such evidence be presented concerning a transaction by a director, a director must
prove the procedural fairness of the transaction, and that the transaction was of fair value to the corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Furthermore, as a matter of Cayman Islands
law and in contrast to the position under Delaware corporate law, controlling shareholders of Cayman Islands companies do not owe fiduciary
duties to those companies, other than the limited duty that applies to all shareholders to exercise their votes to amend a company&rsquo;s
articles of association in good faith in the interests of the company. The absence of this minority shareholder protection might impact
the ability of minority shareholders to protect their interests.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Shareholder Proposals</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Under the Delaware General Corporation Law,
a shareholder has the right to put any proposal before the annual meeting of shareholders, provided it complies with the notice provisions
in the governing documents. The Delaware General Corporation Law does not provide shareholders an express right to put any proposal before
the annual meeting of shareholders, but Delaware corporations generally afford shareholders an opportunity to make proposals and nominations
provided that they comply with the notice provisions in the certificate of incorporation or bylaws. A special meeting may be called by
the board of directors or any other person authorized to do so in the governing documents, but shareholders may be precluded from calling
special meetings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Companies Act provides shareholders with
only limited rights to requisition a general meeting and does not provide shareholders with any right to put any proposal before a general
meeting. However, these rights may be provided in a company&rsquo;s articles of association. Our Articles of Association provide that
upon the requisition of one or more shareholders representing not less than one-third of the voting rights entitled to vote at general
meetings, the board will convene an extraordinary general meeting and put the resolutions so requisitioned to a vote at such meeting.
The Articles of Association provide no other right to put any proposals before annual general meetings or extraordinary general meetings.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Cumulative Voting</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Under the Delaware General Corporation Law,
cumulative voting for elections of directors is not permitted unless the corporation&rsquo;s certificate of incorporation specifically
provides for it.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Cumulative voting potentially facilitates the
representation of minority shareholders on a board of directors since it permits the minority shareholder to cast all the votes to which
the shareholder is entitled on a single director, which increases the shareholder&rsquo;s voting power with respect to electing such director.
As permitted under Cayman Islands law, our Articles of Association do not provide for cumulative voting. As a result, the shareholders
of Afya are not afforded any less protections or rights on this issue than shareholders of a Delaware corporation.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Removal of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The office of a director shall be vacated automatically
if, among other things, he or she (i)&nbsp;becomes prohibited by law from being a director, (ii)&nbsp;becomes bankrupt or makes an arrangement
or composition with his creditors, (iii)&nbsp;dies or is in the opinion of all his co-directors, incapable by reason of mental disorder
of discharging his duties as director, (iv)&nbsp;resigns his office by notice to us or (v)&nbsp;has for more than six months been absent
without permission of the directors from meetings of the board of directors held during that period, and the remaining directors resolve
that his/her office be vacated.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Transaction with Interested Shareholders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Delaware General Corporation Law provides
that, unless the corporation has specifically elected not to be governed by this statute, it is prohibited from engaging in certain business
combinations with an &ldquo;interested shareholder&rdquo; for three years following the date that this person becomes an interested shareholder.
An interested shareholder generally is a person or a group who or which owns or owned 15% or more of the target&rsquo;s outstanding voting
shares or who or which is an affiliate or associate of the corporation and owned 15% or more of the corporation&rsquo;s outstanding voting
shares within the past three years. This has the effect of limiting the ability of a potential acquirer to make a two-tiered bid for the
target in which all shareholders would not be treated equally. The statute does not apply if, among other things, prior to the date on
which the shareholder becomes an interested shareholder, the board of directors approves either the business combination or the transaction
which resulted in the person becoming an interested shareholder. This encourages any potential acquirer of a Delaware corporation to negotiate
the terms of any acquisition transaction with the target&rsquo;s board of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Cayman Islands law has no comparable statute.
As a result, Afya cannot avail itself of the types of protections afforded by the Delaware business combination statute. However, although
Cayman Islands law does not regulate transactions between a company and its significant shareholders, it does provide that the board of
directors owe duties to ensure that these transactions are entered into bona fide in the best interests of the company and for a proper
corporate purpose and, as noted above, a transaction may be subject to challenge if it has the effect of constituting a fraud on the minority
shareholders.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Dissolution; Winding Up</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Under the Delaware General Corporation Law,
unless the board of directors approves the proposal to dissolve, dissolution must be approved by shareholders holding 100% of the total
voting power of the corporation. If the dissolution is initiated by the board of directors it may be approved by a simple majority of
the corporation&rsquo;s outstanding shares. Delaware law allows a Delaware corporation to include in its certificate of incorporation
a supermajority voting requirement in connection with dissolutions initiated by the board. Under Cayman Islands law, a company may be
wound up by either an order of the courts of the Cayman Islands or by a special resolution of its members or, if the company resolves
by ordinary resolution that it be wound up because it is unable to pay its debts as they fall due. The court has authority to order winding
up in a number of specified circumstances including where it is, in the opinion of the court, just and equitable to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Under the Companies Act, Afya may be dissolved,
liquidated or wound up by a special resolution of shareholders (requiring a two-thirds majority vote). Our Articles of Association also
give its board of directors authority to petition the Cayman Islands Court to wind up Afya.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Variation of Rights of Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Under the Delaware General Corporation Law,
a corporation may vary the rights of a class of shares with the approval of a majority of the outstanding shares of that class, unless
the certificate of incorporation provides otherwise. Under our Articles of Association, if the share capital is divided into more than
one class of shares, the rights attached to any class may only be varied with the written consent of the holders of two-thirds of the
shares of that class or the sanction of a special resolution passed at a separate meeting of the holders of the shares of that class.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Also, except with respect to share capital
(as described above), alterations to our Articles of Association may only be made by special resolution of shareholders (requiring a two-thirds
majority vote).</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Amendment of Governing Documents</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Under the Delaware General Corporation Law,
a corporation&rsquo;s certificate of incorporation may be amended only if adopted and declared advisable by the board of directors and
approved by a majority of the outstanding shares entitled to vote, and the bylaws may be amended with the approval of a majority of the
outstanding shares entitled to vote and may, if so provided in the certificate of incorporation, also be amended by the board of directors.
Under Cayman Islands law, our Articles of Association generally (and save for certain amendments to share capital described in this section)
may only be amended by special resolution of shareholders (requiring a two-thirds majority vote).</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Rights of Non-Resident or Foreign Shareholders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">There are no limitations imposed by our Articles
of Association on the rights of non-resident or foreign shareholders to hold or exercise voting rights on our shares. In addition, there
are no provisions in the Articles of Association governing the ownership threshold above which shareholder ownership must be disclosed.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_048"></A>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Material Contracts</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For information concerning certain contracts
important to our business, see &ldquo;Item 5. Operating and Financial Review and Prospects&mdash;B. Liquidity and Capital Resources&rdquo;
and Item 4. Information on the Company&mdash;B. Business Overview&mdash;Our Recent Acquisitions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Except as otherwise described in this annual
report on Form 20-F, we have not entered into any material contracts other than in the ordinary course of business.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_049"></A>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange Controls</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">See &ldquo;Item 3. Key Information&mdash;A.
Selected Financial Data&mdash;Exchange Rates&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_050"></A>E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxation</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Cayman Islands Tax Considerations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Cayman Islands laws currently levy no taxes
on individuals or corporations based upon profits, income, gains or appreciation and there is no taxation in the nature of inheritance
tax or estate duty or withholding tax applicable to us or to any holder of Class A common shares. There are no other taxes likely to be
material to us levied by the government of the Cayman Islands except for stamp duties which may be applicable on instruments executed
in, or after execution brought within the jurisdiction of the Cayman Islands. No stamp duty is payable in the Cayman Islands on transfers
of shares of Cayman Islands companies except those which hold interests in land in the Cayman Islands. The Cayman Islands is not party
to any double tax treaties which are applicable to any payments made by or to our company. There are no exchange control regulations or
currency restrictions in the Cayman Islands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a Cayman Islands exempted company with limited
liability, we are entitled, upon application, to receive an undertaking as to tax concessions pursuant to Section 6 of the Tax Concessions
Act (as revised). This undertaking would provide that, for a period of 20 years from the date of issue of the undertaking, no law thereafter
enacted in the Cayman Islands imposing any taxes to be levied on profits, income, gains or appreciation will apply to us or our operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Payments of dividends and capital in respect
of our Class A common shares will not be subject to taxation in the Cayman Islands and no withholding will be required on the payment
of a dividend or capital to any holder of our Class A common shares, nor will gains derived from the disposal of our Class A common shares
be subject to Cayman Islands income or corporation tax.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">There is no income tax treaty or convention
currently in effect between the United States and the Cayman Islands.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">U.S. Federal Income Tax Considerations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following is a description of the material
U.S. federal income tax consequences to the U.S. Holders described below of owning and disposing of Class A common shares, but it does
not purport to be a comprehensive description of all tax considerations that may be relevant to a particular person&rsquo;s decision to
own the securities. This discussion applies to you only if you hold Class A common shares as capital assets for U.S. federal income tax
purposes. In addition, it does not describe any state, local or non-U.S. tax consequences or all of the tax consequences that may be relevant
in light of your particular circumstances, including alternative minimum tax consequences, the potential application of the provisions
of the Code known as the Medicare contribution tax and tax consequences applicable to you if you are subject to special rules, such as:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>one of certain financial institutions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>a dealer or trader in securities who uses a mark-to-market method of tax accounting;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>holding a Class A common shares as part of a straddle, wash sale, conversion transaction or integrated transaction or entering into
a constructive sale with respect to a Class A common share;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>a person whose functional currency for U.S. federal income tax purposes is not the U.S. dollar;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an entity classified as partnerships for U.S. federal income tax purposes;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>a tax-exempt entity, an &ldquo;individual retirement account&rdquo; or a &ldquo;Roth IRA&rdquo;;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>a person who acquired our Class A common shares pursuant to the exercise of an employee stock option or otherwise as compensation;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>a person that owns or is deemed to own ten percent or more of our stock (by vote or value); or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>holding shares in connection with a trade or business conducted outside of the United States.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">If you are an entity classified as a partnership
for U.S. federal income tax purposes, the U.S. federal income tax treatment of a partner will generally depend on the status of the partner
and your activities. Partnerships holding Class A common shares and partners in such partnerships should consult their tax advisers as
to the particular U.S. federal income tax consequences of holding and disposing of the Class A common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">This discussion is based on the Internal Revenue
Code of 1986, as amended (the &ldquo;Code&rdquo;), administrative pronouncements, judicial decisions, and final, temporary and proposed
Treasury regulations all as of the date hereof, any of which is subject to change, possibly with retroactive effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">You are a &ldquo;U.S. Holder&rdquo; if for
U.S. federal income tax purposes you are a beneficial owner of Class A common shares and:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>a citizen or individual resident of the United States;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>a corporation created or organized in or under the laws of the United States, any state therein or the District of Columbia; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an estate or trust the income of which is subject to U.S. federal income taxation regardless of its source.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Except where otherwise indicated, this discussion
assumes that we are not, and will not become, a passive foreign investment company, as described below.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Taxation of Distributions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As discussed above under &ldquo;Item 8. Financial
Information&mdash;Dividends and Dividend Policy,&rdquo; we do not currently intend to pay dividends. In the event that we pay dividends,
distributions paid on our Class A common shares, other than certain <I>pro rata</I> distributions of Class A common shares, will be treated
as dividends for U.S. federal income tax purposes to the extent paid out of our current or accumulated earnings and profits (as determined
under U.S. federal income tax principles). Because we do not maintain calculations of our earnings and profits under U.S. federal income
tax principles, it is expected that distributions generally will be reported to you as dividends. Subject to applicable limitations,
dividends paid to certain non-corporate U.S. Holders may be eligible for taxation as &ldquo;qualified dividend income&rdquo; and therefore
may be taxable at rates applicable to long-term capital gains, provided the Class A common shares are treated as readily tradeable on
an established securities market in the United States. You should consult your tax adviser regarding the availability of the reduced
tax rate on dividends in your particular circumstances. The amount of any dividend will be treated as foreign-source dividend income
and will not be eligible for the dividends-received deduction generally available to U.S. corporations under the Code. Dividends will
be included in your income on the date of receipt.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As discussed in &ldquo;&mdash;Cayman Island
Tax Considerations,&rdquo; there are currently no applicable withholding taxes under Cayman Island law. However, if any non-U.S. income
taxes were withheld from distributions on your Class A common shares, then, the amount of the withheld tax would be includible in your
income as a dividend, and, subject to applicable limitations, some of which vary depending upon your circumstances, would be potentially
creditable against your U.S. federal income tax liability. The rules governing foreign tax credits are complex, and you should consult
your tax adviser regarding the creditability of non-U.S. taxes in your particular circumstances.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Sale or Other Disposition of Class A Common Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For U.S. federal income tax purposes, gain
or loss realized on the sale or other disposition of a Class A common share will be capital gain or loss, and will be long-term capital
gain or loss if you have held the Class A common share for more than one year. The amount of the gain or loss will equal the difference
between your tax basis in the Class A common share disposed of and the amount realized on the disposition, in each case as determined
in U.S. dollars. This gain or loss will generally be U.S.-source gain or loss for foreign tax credit purposes. Long-term capital gains
of non-corporate U.S. Holders are eligible for reduced rates of taxation. The deductibility of capital losses is subject to limitations.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Passive Foreign Investment Company Rules</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Under the Code, we will be a PFIC for any taxable
year in which, after the application of certain &ldquo;look-through&rdquo; rules with respect to subsidiaries, either (i) 75% or more
of our gross income consists of &ldquo;passive income,&rdquo; or (ii) 50% or more of the average quarterly value of our assets consists
of assets that produce, or are held for the production of, &ldquo;passive income.&rdquo; For purposes of the above calculations, we will
be treated as if we hold our proportionate share of the assets of, and receive directly our proportionate share of the income of, any
other corporation in which we directly or indirectly own at least 25%, by value, of the shares of such corporation. Passive income generally
includes dividends, interest, certain non-active rents or royalties and investment gains. Based on the composition of our income and assets
and the value of our assets, including goodwill, which is based on the price of our Class A common shares, we believe that we were not
a PFIC for the taxable year of 2020. However, because we hold a substantial amount of cash (relative to the assets shown on our balance
sheet) and because our PFIC status for any taxable year will depend on the composition of our income and assets and the value of our assets
from time to time (which may be determined, in part, by reference to the market price of our Class A common shares, which could be volatile),
there can be no assurance that we will not be a PFIC for any taxable year. If our Class A common share price declines while we continue
to hold a substantial amount of cash for any taxable year, our risk of being or becoming a PFIC will increase. If we were a PFIC for any
taxable year during which you hold Class A common shares, we generally would continue to be treated as a PFIC with respect to you for
all succeeding years during which you hold Class A common shares, even if we ceased to meet the threshold requirements for PFIC status.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">If we were a PFIC for any taxable year and
any of our subsidiaries or other companies in which we owned or were treated as owning equity interests were also a PFIC (any such entity,
a &ldquo;Lower-tier PFIC&rdquo;), you would be deemed to own a proportionate amount (by value) of the shares of each Lower-tier PFIC and
would be subject to U.S. federal income tax according to the rules described in the subsequent paragraph on (i) certain distributions
by a Lower-tier PFIC and (ii) dispositions of shares of Lower-tier PFICs, in each case as if you held such shares directly, even though
you will not have received the proceeds of those distributions or dispositions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">If we were a PFIC for any taxable year during
which you held any of our Class A common shares, you could be subject to adverse tax consequences. Generally, gain recognized upon a
disposition (including, under certain circumstances, a pledge) of Class A common shares would be allocated ratably over your holding
period for the shares. The amounts allocated to the taxable year of disposition and to years before we became a PFIC would be taxed as
ordinary income. The amount allocated to each other taxable year would be subject to tax at the highest rate in effect for that taxable
year for individuals or corporations, as appropriate, and an interest charge would be imposed on the tax on such amount. Further, to
the extent that any distribution received on your Class A common shares exceeded 125% of the average of the annual distributions on those
shares during the preceding three years or your holding period, whichever was shorter, that distribution would be subject to taxation
in the same manner as gain, described immediately above.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Alternatively, if we were a PFIC and if the
Class A common shares were &ldquo;regularly traded&rdquo; on a &ldquo;qualified exchange,&rdquo; you could be eligible to make a mark-to-
market election that would result in tax treatment different from the general tax treatment for PFICs described above. The Class A common
shares would be treated as &ldquo;regularly traded&rdquo; in any calendar year in which more than a <I>de minimis </I>quantity of the
Class A common shares were traded on a qualified exchange on at least 15 days during each calendar quarter. The Nasdaq, on which the Class
A common shares are listed, is a qualified exchange for this purpose. Once made, the election cannot be revoked without the consent of
the IRS unless the shares cease to be marketable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">If you make the mark-to-market election, you
generally will recognize as ordinary income any excess of the fair market value of your Class A common shares at the end of each taxable
year over their adjusted tax basis, and will recognize an ordinary loss in respect of any excess of the adjusted tax basis of the Class
A common shares over their fair market value at the end of the taxable year (but only to the extent of the net amount of income previously
included as a result of the mark-to-market election). If you make the election, your tax basis in your Class A common shares will be adjusted
to reflect these income or loss amounts. Any gain recognized on the sale or other disposition of Class A common shares in a year when
we are a PFIC will be treated as ordinary income and any loss will be treated as an ordinary loss (but only to the extent of the net amount
of income previously included as a result of the mark-to-market election). This election technically cannot be made with respect to any
of our subsidiaries because the shares of which are not regularly traded. Accordingly, you may continue to be subject to tax under the
PFIC excess distribution regime with respect to any lower-tier PFICs notwithstanding your mark-to-market election for the Class A common
shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We do not intend to provide information necessary
for you to make a qualifying electing fund election which would have resulted in alternative treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, if we were a PFIC for any taxable
year in which we paid a dividend or for the prior taxable year, the preferential dividend rates discussed above with respect to dividends
paid to certain non-corporate U.S. Holders would not apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">If you own Class A common shares during any
year in which we are a PFIC, you generally must file annual reports on IRS Form 8621 (or any successor form) with respect to us, generally
with your federal income tax return for that year. A failure to file one or more of these forms as required may toll the running of the
statute of limitations in respect of each of your taxable years for which such form is required to be filed. As a result, the taxable
years with respect to which you fail to file the form may remain open to assessment by the IRS indefinitely, until the form is filed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">You should consult your tax adviser regarding
whether we are a PFIC and the potential application of the PFIC rules.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Information Reporting and Backup Withholding</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Payments of dividends and sales proceeds that
are made within the United States or through certain U.S.-related financial intermediaries generally are subject to information reporting,
and may be subject to backup withholding, unless (i) you are a corporation or other exempt recipient or (ii) in the case of backup withholding,
you provide a correct taxpayer identification number and certify that you are not subject to backup withholding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Backup withholding is not an additional tax.
The amount of any backup withholding from a payment to you will be allowed as a refund or credit against your U.S. federal income tax
liability and may entitle you to a refund, provided that the required information is timely furnished to the IRS.</P>


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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Foreign Financial Asset Reporting</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Certain U.S. Holders who are individuals (and
certain specified entities) may be required to report information relating to their ownership of Class A common shares, or non-U.S. accounts
through which Class A common shares are held. You should consult your tax adviser regarding your reporting obligations with respect to
the Class A common shares.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_051"></A>F.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends and Paying
Agents</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_052"></A>G.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statement by Experts</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_053"></A>H.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Documents on Display</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are subject to the informational requirements
of the Exchange Act applicable to foreign private issuers. Accordingly, we are required to file reports and other information with the
SEC, including annual reports on Form 20-F within four months from the end of each of our fiscal years, and reports on Form 6-K. You can
read our SEC filings over the Internet at the SEC&rsquo;s website at www.sec.gov. You may also read and copy any document we file with
the SEC at its public reference room at 100 F. Street, N.E., Washington, D.C. 20549. You may obtain copies of these documents upon the
payment of the fees prescribed by the SEC. Please call the SEC at 1-800-SEC-0330 for further information about the public reference room.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_054"></A>I.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subsidiary Information</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">See note 2.2 to our consolidated financial
statements for a description of the Company&rsquo;s subsidiaries.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_055"></A>ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are exposed to market risks in the ordinary
course of our business, including the effects of interest rate changes and foreign currency fluctuations. We monitor market, credit and
operational risks in line with the objectives in capital management, supported by the oversight of our Board of Directors, in decisions
related to capital management and to ensure their consistency with our objectives and assessment of risks. Information relating to quantitative
and qualitative disclosures about these market risks is described below.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Interest Rate Risk</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Interest rate risk is the risk that the fair
value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company&rsquo;s exposure
to the risk of changes in market interest rates relates primarily to the Company&rsquo;s cash equivalents and financial investments classified
as restricted cash with floating interest rates and accounts payable to selling shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following table demonstrates the sensitivity
to a reasonably possible change in the current interest rates on cash equivalents, restricted cash, loans and financing and derivatives
and accounts payable to selling shareholders. With all variables held constant, the Company&rsquo;s income before income taxes is affected
through the impact on floating interest rate, as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 7pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 7pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 7pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 7pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Increase
    / decrease in basis points</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; width: 36%; font-size: 7pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Balance
    as of 12/31/2020</P></TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Index
    &ndash; % per year</P></TD>
    <TD STYLE="width: 9%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Base
    rate</P></TD>
    <TD STYLE="width: 9%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">+75</P></TD>
    <TD STYLE="width: 9%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">-75</P></TD>
    <TD STYLE="width: 9%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">+150</P></TD>
    <TD STYLE="width: 9%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 7pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">-150</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 9.35pt; font-size: 8pt; text-indent: -9.35pt"><B>Amounts in R$ thousands</B></TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt; font-size: 8pt; text-indent: -9.35pt">Cash equivalents&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">916,790</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt">90.95% CDI</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">15,843</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">6,876</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(6,876)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">13,752</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(13,752)</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt; font-size: 8pt; text-indent: -9.35pt">Restricted cash&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">2,053</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt">76.10% CDI</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">30</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">15</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(15)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">31</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(31)</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt; font-size: 8pt; text-indent: -9.35pt">Loans and financing&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(10,864)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt">TJLP p.y.</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(494)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(81)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">81</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(163)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">163</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt; font-size: 8pt; text-indent: -9.35pt">Loans and financing&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(101,785)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt">1.65%+100<BR>
%CDI</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(3,613)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(763)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">763</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(1,527)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">1,527</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 9.35pt; font-size: 8pt; text-indent: -9.35pt">Loans and financing&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(504,365)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt">1.62%+CDI</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(17,754)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(3,783)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">3,783</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(7,565)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">7,565</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt; font-size: 8pt; text-indent: -9.35pt">Accounts payable to selling shareholders&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(447,848)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt">CDI</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(8,510)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(3,359)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">3,359</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(6,718)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">6,718</TD></TR>

  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="width: 36%; padding-left: 9.35pt; font-size: 8pt; text-indent: -9.35pt">Accounts payable to selling shareholders&#9;</TD>
    <TD STYLE="width: 8%; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(70,356)</TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt">IPCA+4.1%</TD>
    <TD STYLE="width: 9%; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(2,894)</TD>
    <TD STYLE="width: 9%; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(528)</TD>
    <TD STYLE="width: 9%; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">528</TD>
    <TD STYLE="width: 9%; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(1,055)</TD>
    <TD STYLE="width: 9%; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">1,055</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 9.35pt; font-size: 8pt; text-indent: -9.35pt">Notes payable&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(76,181)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt">IPCA</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(1,028)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(571)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">571</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">(1,143)</TD>
    <TD STYLE="padding-right: 2.9pt; padding-left: 2.9pt; font-size: 8pt; text-align: right">1,143</TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For further information, see note 12.4.1 to
our audited consolidated financial statements included elsewhere in this annual report.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Foreign Currency Risk</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Foreign currency risk is the risk that the
fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. Our exposure to the risk of
changes in foreign exchange rates relates to cash and cash equivalents denominated in U.S. dollars in the amount of R$70.5 million as
of December 31, 2020 (December 31, 2019: R$2.5 million). See note 12.4.1 to our audited consolidated financial statements for a sensitivity
analysis of the impact of a hypothetical 10% change in the exchange rate variation on our cash and cash equivalents as of December 31,
2020.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_056"></A>ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_057"></A>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt Securities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_058"></A>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Warrants and Rights</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_059"></A>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Securities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_060"></A>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Depositary
Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 20pt 0 10pt; text-transform: uppercase; text-align: center"><A NAME="a_061"></A>PART II</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_062"></A>ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_063"></A>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Defaults</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">No matters to report.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_064"></A>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arrears and delinquencies</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">No matters to report.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_065"></A>ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS
AND USE OF PROCEEDS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_066"></A>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Material modifications
to instruments</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_067"></A>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Material modifications
to rights</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_068"></A>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Withdrawal or substitution
of assets</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_069"></A>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in trustees
or paying agents</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_070"></A>E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Use of proceeds</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On July 19, 2019, our registration Statement
on Form F-1 (File No 333-232309), as amended, was declared effective by the SEC for to our initial public offering of our Class A common
shares, pursuant to which we sold a total of 15,805,841 Class A common shares, par value $0.00005 per share, at a public offering price
of US$19.00 per share. BofA Securities,&nbsp;Inc., Goldman Sachs&nbsp;&amp;&nbsp;Co.&nbsp;LLC, and UBS Securities&nbsp;LLC, Itau BBA USA
Securities,&nbsp;Inc. acted as the representatives of the underwriters in our initial public offering.&nbsp;We received approximately
US$242.7 million of net proceeds from our initial public offering (i.e., after deducting underwriting discounts, commissions and offering
expenses).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On February 6, 2020, our registration Statement
on Form F-1 (File No 333-236246), as amended, was declared effective by the SEC for a public offering of our Class A common shares, pursuant
to which we sold a total of 3,260,480 Class A common shares, par value $0.00005 per share, at a public offering price of US$27.50 per
share. BofA Securities,&nbsp;Inc., Goldman Sachs&nbsp;&amp;&nbsp;Co.&nbsp;LLC, and UBS Securities&nbsp;LLC, Itau BBA USA Securities,&nbsp;Inc.
acted as the representatives of the underwriters of this offering.&nbsp;We received approximately US$86.6 million of net proceeds from
our follow-on offering (i.e., after deducting underwriting discounts, commissions and offering expenses).</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_071"></A>ITEM 15. CONTROLS AND PROCEDURES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_072"></A>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disclosure Controls
and Procedures</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We have evaluated, with the participation
of our Chief Executive Officer and Chief Financial Officer, the effectiveness of our disclosure controls and procedures as of December
31, 2020. Disclosure controls and procedures&rdquo; as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act means controls
and procedures of a company that are designed to ensure that information required to be disclosed by a company in the reports that it
files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the applicable
rules and forms, and that it is accumulated and communicated to management, including its principal executive and principal financial
officers, as appropriate to allow timely decisions regarding required disclosure. There are inherent limitations to the effectiveness
of any system of disclosure controls and procedures, including the possibility of human error and the circumvention or overriding of
the controls and procedures. Accordingly, even effective disclosure controls and procedures can only provide reasonable assurance of
achieving their control objectives.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In 2020, we implemented measures designed to
improve our internal control over financial reporting, including formalizing our processes and internal control documentation and strengthening
supervisory reviews by our financial management; hiring additional qualified accounting and finance personnel and engaging financial consultants
to enable the implementation of internal control over financial reporting and segregating duties amongst accounting and finance personnel;
and planning to implement certain accounting systems to automate manual processes. Although progress has been made to strengthen our controls,
as of December 31, 2020, based upon our evaluation, our management concluded that our disclosure controls and procedures as of December
31, 2020 were ineffective in view of the material weaknesses in internal control over financial reporting as described below. This material
weakness did not result in a material misstatement in the consolidated financial statements as of and for the year ended December 31,
2020. The IT department is already performing reviews of the controls to address the issues related to material weaknesses and expect
to conclude the proposed remediation plan during 2021. The focus will be on the implementation of an identity and access management tool
(IAM), standardization of logins, implementation of the Segregation of Duties or SOD matrix and improvements in all access granting and
recertification processes.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_073"></A>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management&rsquo;s
Annual Report on Internal Control Over Financial Reporting</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our management is responsible for establishing
and maintaining effective internal control over financial reporting as defined in Rule 13a-15(f) of the Exchange Act. Our internal control
over financial reporting is designed to provide reasonable assurance to our management and board of directors regarding the preparation
and fair presentation of published financial statements. Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. <FONT STYLE="font-family: Times New Roman, Times, Serif">In accordance with guidance issued by
the Securities and Exchange Commission, companies are permitted to exclude acquisitions from their final assessment of internal control
over financial reporting for the first fiscal year in which the acquisition occurred. As such, our management&rsquo;s evaluation of internal
control over financial reporting excluded the internal control activities of UniRedentor, which was acquired in January 2020, UniSL, which
was acquired in May 2020, PEBMED, which was acquired in July 2020, FESAR, which was acquired in November 2020, MedPhone, which was acquired
in November 2020, and FCMPB, which was acquired in November 2020, as discussed in note 5 to our audited consolidated financial statements.
We have included the financial results of these in the consolidated financial statements from the date of acquisition. Such entities represented
approximately 8% and 3% of total and net assets, respectively, as of December 31, 2020 and 20% and 22% of net revenue and net income,
respectively, for the year then ended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our management, with participation of the chief
executive officer and chief financial officer, under the oversight of our board of directors, evaluated the effectiveness of the Company&rsquo;s
internal control over financial reporting as of December 31, 2020. In making this assessment, management used the criteria set forth by
the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control &ndash; Integrated Framework (2013), or COSO
2013. Based on this assessment, management believes that, as of December 31, 2020, our internal control over financial reporting was not
effective based on those criteria due to an ineffective IT control environment, which resulted in the material weakness described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We identified deficiencies relating to the
IT General Controls (ITGCs) which, when aggregated, have been classified as a material weakness. Accordingly, process-level automated
controls and IT dependent manual controls, that were dependent upon the information derived from IT systems, were also deemed to be ineffective.
This material weakness did not result in a material misstatement in the consolidated financial statements for the year ended December
31, 2020.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_074"></A>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attestation Report
of the Registered Public Accounting Firm</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The effectiveness of internal control over
financial reporting as of December 31, 2020, which did not include an evaluation of the internal control over financial reporting of UniRedentor,
UniSL, PEBMED, FESAR, MedPhone and FCMPB, has been audited by Ernst &amp; Young Auditores Independentes S.S., or EY, the independent registered
public accounting firm that also audited our consolidated financial statements as of and for the year then ended. EY has issued an adverse report on our internal control over financial
reporting, which is included elsewhere in this annual report.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_075"></A>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in Internal
Control Over Financial Reporting</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As part of our changes in internal control
over financial reporting, we have implemented changes to the structure of our information technology (IT) department and systems, including
by hiring experience personnel and training our staff and implementing an IT Service Management (ITSM) system to support IT processes
and controls. We have also enhanced our accounting environment, adding experienced accounting personnel to our team, implementing systems
for managing contingencies and for the balance sheet consolidation process, and hiring specialized resources to implement second and third
lines of defense relating to compliance, internal controls over financial reporting and internal audit functions. These measures were
implemented and evaluated by management during 2020.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_076"></A>ITEM 16. RESERVED</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_077"></A>ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The audit committee, which currently consists
of Vanessa Claro Lopes,  Jo&atilde;o Paulo Seibel de Faria and Miguel Filisbino Pereira de Paula, assists our board
of directors in overseeing our accounting and financial reporting processes and the audits of our financial statements. In addition, the
audit committee is directly responsible for the appointment, compensation, retention and oversight of the work of our independent registered
public accounting firm. Vanessa Claro Lopes serves as Chairman of the audit committee. The audit committee consists exclusively of members
of our board of directors who are financially literate, and Vanessa Claro Lopes qualifies as &ldquo;audit committee financial expert&rdquo;
as defined in Item 16A of Form 20-F. Our board of directors has determined that Vanessa Claro Lopes, Jo&atilde;o Paulo Seibel de Faria
and Miguel Filisbino Pereira de Paula satisfy the &ldquo;independence&rdquo; requirements set forth in Rule 10A-3 under the Exchange Act.
For more information, see &ldquo;Item 6. Directors, Senior Management and Employees&mdash;C. Board Practices&mdash;Board Committees&mdash;Audit
Committee.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_078"></A>ITEM 16B. CODE OF ETHICS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our activities are subject to a code of ethics,
which is applicable to all our members and entities, including our directors, officers, managers, teachers and other staff (including
interns). Our code of ethics is also applicable to relevant third parties involved in our activities, such as suppliers, consultants and
other service providers. Our code of ethics describes our mission, vision and values and provides the relevant conduct standards that
must be followed by our members and entities. It regulates our interactions with our suppliers, students, clients, competitor suppliers
and governmental entities and agents. Our code of ethics also sets forth fundamental rules of conduct related to the safeguarding of our
financial books and records, conflict of interest situations, the protection of our confidential information and assets and our compliance
with applicable laws and relevant information on whistleblowing procedures. The Code of Ethics is attached it as an exhibit to this annual
report. We have also posted a copy of our code of business conduct and ethics on our website at https://ir.afya.com.br/corporate-governance/governance-overview.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_079"></A>ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Audit and Non-Audit Fees</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following table sets forth the aggregate
fees by categories specified below in connection with certain professional services rendered by Ernst &amp; Young Auditores Independentes
S.S., our principal accountants, for the periods indicated. Our independent registered public accounting firm was Ernst &amp; Young Auditores
Independentes S.S. for the years ended December 31, 2020 and 2019.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Year
    Ended December 31,</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; width: 76%; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2020</P></TD>
    <TD STYLE="width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">2019</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 1pt 2.9pt 2pt; font-size: 8pt; text-align: center; line-height: 9pt; font-weight: bold">(in R$ millions)</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Audit fees (1)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">5.3</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">4.2</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Audit-related fees (2)&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.7</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">2.1</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">Tax fees&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; text-align: right">&mdash;</TD></TR>

  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; width: 76%; padding-right: 9.35pt; padding-left: 9.35pt; text-indent: -9.35pt">All other fees&#9;</TD>
    <TD STYLE="vertical-align: top; width: 13%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">&mdash;</P></TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0">&mdash;</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 1pt; padding-left: 9.35pt; text-indent: -9.35pt"><B>Total fees</B>&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>8.0</B></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 1.5pt double; text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt"><B>6.3</B></P></TD></TR>
  </TABLE>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Audit fees include fees for the audit of our annual consolidated financial statements; audit of the effectiveness of internal control
over financial reporting, audit of statutory financial statements of subsidiaries; review of our interim financial statements, and audit
of financial statements of acquired businesses.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Audit-related fees include fees for the preparation and issuance of comfort letters in connection with our equity offerings.</TD></TR></TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The policy of our audit committee is to pre-approve
all audit and non-audit services provided by Ernst &amp; Young Auditores Independentes S.S., including audit services, audit-related services,
tax services and other services as described above, other than those for <I>de minimus</I> services which are approved by the audit committee
prior to the completion of the audit.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_080"></A>ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are relying on the exemption under Rule
10A-3(b)(1)(iv)(A)(2) of the Exchange Act, which provides that a minority of the members of the listed issuer&rsquo;s audit committee
may be exempt from the independence requirements of paragraph (b)(1)(ii) of Rule 10A-3 for one year from the date of effectiveness of
the registration statement covering an initial public offering of securities listed by the issuer. Our audit committee currently comprises
three directors, all of whom are independent directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We do not believe that our reliance on the
temporary exemption permitted by Rule 10A-3(b)(1)(iv)(A)(2) materially adversely affects the ability of our audit committee to act independently
or to satisfy the requirements of Rule 10A-3 under the Exchange Act. Our audit committee will consist solely of independent directors
within one year of our initial public offering.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_081"></A>ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND
AFFILIATED PURCHASERS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On December 23, 2020, we announced that our
board of directors had approved a share buyback program. Under the share buyback program, we may repurchase up to 1,015,844 of our outstanding
Class A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning
on December 24, 2020 continuing until the earlier of the completion of the repurchase or December 31, 2021, depending upon market conditions,
and expect to utilize our existing funds to fund any repurchases made under this program. The share buyback program may be executed in
compliance with Rule 10b-18 under the Exchange Act. No Class A common shares were purchased pursuant to the share buyback program in 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of the date of this annual report, 521,117
Class A common shares had been repurchased pursuant to the share buyback program in 2021.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_082"></A>ITEM 16F. CHANGE IN REGISTRANT&rsquo;S CERTIFYING ACCOUNTANT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">None.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_083"></A>ITEM 16G. CORPORATE GOVERNANCE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Cayman Islands law restricts transactions between
a company and its directors unless there are provisions in the Articles of Association which provide a mechanism to alleviate possible
conflicts of interest. Additionally, Cayman Islands law imposes on directors&rsquo; duties of care and skill and fiduciary duties to the
companies which they serve. Under our Articles of Association, a director must disclose the nature and extent of his interest in any contract
or arrangement, and following such disclosure and subject to any separate requirement under applicable law or the listing rules of the
Nasdaq, and unless disqualified by the chairman of the relevant meeting, the interested director may vote in respect of any transaction
or arrangement in which he or she is interested. The interested director shall be counted in the quorum at such meeting and the resolution may
be passed by a majority of the directors present at the meeting.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to the foregoing and our Articles of
Association, our directors may exercise all the powers of Afya to vote compensation to themselves or any member of their body in the absence
of an independent quorum. Our Articles of Association provide that, in the event a Compensation Committee is established, it shall be
made up of such number of independent directors as is required from time to time by the Nasdaq rules (or as otherwise may be required
by law). We currently have no intention to establish a Compensation Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a foreign private issuer, we are permitted
to follow home country practice in lieu of certain Nasdaq corporate governance rules, subject to certain requirements. We currently rely,
and will continue to rely, on the foreign private issuer exemption with respect to the following rules:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Nasdaq Rule 5605(b), which requires that independent directors comprise a majority of a company&rsquo;s board of directors. As allowed
by the laws of the Cayman Islands, independent directors do not comprise a majority of our board of directors.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Nasdaq Rule 5605(e)(1), which requires that a company have a nominations committee comprised solely of &ldquo;independent directors&rdquo;
as defined by Nasdaq. As allowed by the laws of the Cayman Islands, we do not have a nominations committee nor do we have any current
intention to establish one.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Nasdaq Rule 5605(d) &amp; (e), which require that compensation for our executive officers and selection of our director nominees be
determined by a majority of independent directors. As allowed by the laws of the Cayman Islands, we do not have a nomination and corporate
governance committee or remuneration committee nor do we have any current intention to establish either.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Nasdaq Rule 5635, which requires an issuer to obtain shareholder approval prior to an issuance of securities (in certain circumstances)
in connection with certain events, including: (i) the acquisition of the stock or assets of another company; (ii) equity-based compensation
of officers, directors, employees or consultants; (iii) a change of control; and (iv) private placements.&nbsp; Cayman Islands law does
not require shareholder approval prior to an issuance of securities to the extent the securities are authorized.</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_084"></A>ITEM 16H. MINE SAFETY DISCLOSURE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 20pt 0 10pt; text-transform: uppercase; text-align: center"><A NAME="a_085"></A>PART III</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_086"></A>ITEM 17. FINANCIAL STATEMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We have responded to Item 18 in lieu of this
item.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_087"></A>ITEM 18. FINANCIAL STATEMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">See our consolidated financial statements beginning
at page F-1.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><A NAME="a_088"></A>ITEM 19. EXHIBITS</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Exhibit
    No.</P></TD>
    <TD STYLE="width: 90%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Description</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">1.1</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">Memorandum and Articles of Association of Afya. (incorporated herein by reference to Exhibit 3.1 to the Registration Statement on Form F-1 filed with the SEC on July 9, 2019, File No. 333-232309).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">2.1*</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt"><FONT STYLE="background-color: white"><A HREF="ex2-1.htm">Description of Securities registered under Section 12 of the Exchange Act.</A></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">4.1</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">English translation of Purchase Agreement dated as of January 11, 2018, among Nicolau Carvalho Esteves, Ros&acirc;ngela de Oliveira Tavares Esteves, NRE Participa&ccedil;&otilde;es S.A. and BR Health Participa&ccedil;&otilde;es S.A. (incorporated herein by reference to Exhibit 10.2 to the Registration Statement on Form F-1 filed with the SEC on July 9, 2019, File No. 333-232309).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">4.2</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">English translation of Purchase Agreement dated as of November 27, 2018, among NRE Participa&ccedil;&otilde;es S.A., JC JOINT Fundo de Investimento em Participa&ccedil;&otilde;es Multiestrat&eacute;gia, Breno Miranda Trabulo Pinheiro Correia and Cristina Maria Miranda de Sousa (incorporated herein by reference to Exhibit 10.3 to the Registration Statement on Form F-1 filed with the SEC on July 9, 2019, File No. 333-232309).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">4.3</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">English translation of Purchase Agreement dated as of December 5, 2018, among NRE Participa&ccedil;&otilde;es S.A., Jo&atilde;o Carlos Ribeiro Pedroso, Leoni margarida Bertolin, Jos&eacute; Carlos Janu&aacute;rio, Ricardo Pedroso, Daiane Pedroso Canto and RD Administra&ccedil;&atilde;o e Participa&ccedil;&atilde;o Ltda (incorporated herein by reference to Exhibit 10.4 to the Registration Statement on Form F-1 filed with the SEC on July 9, 2019, File No. 333-232309).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">4.4</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">English translation of Investment and Purchase Agreement dated as of March 29, 2019, among Afya Participa&ccedil;&otilde;es S.A. (formerly NRE Participa&ccedil;&otilde;es S.A.), BR Health Participa&ccedil;&otilde;es S.A. and Guardaya Empreendimentos e Participa&ccedil;&otilde;es S.A. (incorporated herein by reference to Exhibit 10.5 to the Registration Statement on Form F-1 filed with the SEC on July 9, 2019, File No. 333-232309).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">4.5*</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt"><A HREF="ex4-3.htm">English translation of Bank Note (C&eacute;dula de Cr&eacute;dito Banc&aacute;rio) issued by Afya Participa&ccedil;&otilde;es S.A. on September 23, 2020.</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">8.1*</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt"><A HREF="ex8-1.htm">List of Subsidiaries.</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">11.01</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">English translation of the Code of Ethics of Afya (incorporated herein by reference to Exhibit 14.1 to the Registration Statement on Form F-1 filed with the SEC on June 24, 2019, File No. 333-232309).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">12.1*</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt"><A HREF="ex12-1.htm">Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act.</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">12.2*</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt"><A HREF="ex12-2.htm">Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act.</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">13.1*</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt"><A HREF="ex13-1.htm">Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act.</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">13.2*</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt"><A HREF="ex13-2.htm">Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act.</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">101.INS*</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">XBRL Instance Document</TD></TR>
  </TABLE>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">101.SCH*</TD>
    <TD STYLE="width: 90%; padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">XBRL Taxonomy Extension Schema Document</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">101.CAL*</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">XBRL Taxonomy Extension Calculation Linkbase Document</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">101.DEF*</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">XBRL Taxonomy Extension Definition Linkbase Document</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">101.LAB*</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">XBRL Taxonomy Extension Label Linkbase Document</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">101.PRE*</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 10pt; padding-left: 2.9pt">XBRL Taxonomy Extension Presentation Linkbase Document</TD></TR>
  </TABLE>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 5pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">*</TD><TD>Filed herewith.</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0.25in"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The registrant hereby certifies that it meets
all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this annual report
on Form 20-F on its behalf.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; padding-bottom: 24pt"><B>AFYA LIMITED</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; padding-right: 5.75pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 86%; padding-right: 5.75pt">/s/ Virgilio Deloy Capobianco Gibbon</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt">Name:&#9;Virgilio Deloy Capobianco Gibbon</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt">Title:&#9;Chief Executive Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; padding-bottom: 24pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; padding-right: 5.75pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 86%; padding-right: 5.75pt">/s/ Luis Andr&eacute; Carpintero Blanco</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt">Name:&#9;Luis Andr&eacute; Carpintero Blanco</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt">Title:&#9;Chief Financial Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Date: April 30, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 20pt 0 10pt; text-align: center"><A NAME="a_089"></A>Index to Financial Statements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><B>Audited Consolidated Statements&mdash;Afya
Limited</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: right"><U>Page</U></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 90%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 9pt; text-indent: -9pt">Reports of Independent Registered Public Accounting Firm</TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right">F-3</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 9pt; text-indent: -9pt">Consolidated Statements of Financial Position as of December 31, 2020 and 2019</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right">F-7</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 9pt; text-indent: -9pt">Consolidated Statements of Income and Comprehensive Income for the years ended December 31, 2020, 2019 and 2018</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right">F-8</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 9pt; text-indent: -9pt">Consolidated Statements of Changes in Equity for the years ended December 31, 2020, 2019 and 2018</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right">F-9</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 9pt; text-indent: -9pt">Consolidated Statements of Cash Flows for the years ended December 31, 2020, 2019 and 2018</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right">F-10</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 9pt; text-indent: -9pt">Notes to the Consolidated Financial Statements for the years ended December 31, 2020, 2019 and 2018</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right">F-11</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>&nbsp;</B></P>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P>

<P STYLE="color: #C00000; font: 16pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="color: #C00000; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Consolidated financial statements </B></P>

<P STYLE="color: #C00000; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>as of December 31, 2020 and 2019 and for the years ended
December 31, 2020, 2019 and 2018<BR STYLE="clear: both">
</B></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: #333333"><B>Report of Independent Registered
Public Accounting Firm</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">To the Shareholders and the Board of Directors of</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Afya Limited</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333"><B>Opinion on the Financial Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">We have audited the accompanying consolidated statements
of financial position of Afya Limited (the Company) as of December 31, 2020 and 2019, the related consolidated statements of income and
comprehensive income, changes in equity and cash flows for each of the three years in the period ended December 31, 2020, and the related
notes (collectively referred to as the &ldquo;consolidated financial statements&rdquo;). In our opinion, the consolidated financial statements
present fairly, in all material respects, the financial position of the Company as of December 31, 2020 and 2019, and the results of its
operations and its cash flows for each of the three years in the period ended December 31, 2020, in conformity with International Financial
Reporting Standards (IFRS) as issued by the International Accounting Standards Board - IASB.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">We also have audited, in accordance with the standards of
the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of December
31, 2020, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of
the Treadway Commission (2013 framework) and our report dated April 30, 2021 expressed an adverse opinion thereon.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333"><B>Adoption of IFRS 16 </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">As discussed in Note 12.2.2 to the consolidated financial statements, the
Company changed its method for recognizing leases in 2019, due to the adoption of IFRS 16 &ndash; Leases using the modified retrospective
method of adoption.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333"><B>Basis for Opinion</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">These financial statements are the responsibility of the
Company's management. Our responsibility is to express an opinion on the Company&rsquo;s financial statements based on our audits. We
are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with
the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">We conducted our audits in accordance with the standards
of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material
misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures
included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included
evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation
of the financial statements. We believe that our audits provide a reasonable basis for our opinion.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333"><B>Critical Audit Matter</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">The critical audit matter communicated below is a matter
arising from the current period audit of the financial statements that was communicated or required to be communicated to the audit committee
and that: (1) relates to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging,
subjective or complex judgments. The communication of the critical audit matter does not alter in any way our opinion on the consolidated
financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion
on the critical audit matter or on the account or disclosure to which it relates.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt/106% Times New Roman, Times, Serif; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 10pt/106% Times New Roman, Times, Serif; width: 86%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; line-height: 106%"><B>Accounting for Business combinations</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/106% Arial, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>
    <P STYLE="font: 10pt/106% Arial, Helvetica, Sans-Serif; margin: 0"><I>Description of the Matter</I></P></TD>
    <TD STYLE="font: 10pt/106% Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; line-height: 106%">&nbsp;</FONT><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; line-height: 106%">As described in Note 5 of the consolidated financial statements, the Company, through its wholly owned subsidiary Afya Participa&ccedil;&otilde;es S.A., completed the acquisition of several entities during the year ended December 31, 2020 for a total aggregated purchase consideration of R$1,184,301 thousand. Such transactions were accounted for as business combinations, in accordance with the requirements of IFRS 3 <I>Business Combinations, </I>and the Company estimated the fair value of net assets acquired for each one of those acquisitions, including acquired intangible assets.</FONT><BR>
<BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; line-height: 106%">Auditing the Company's accounting for such acquisitions was complex and involved significant auditor judgement due to the significant estimation uncertainty in the Company&rsquo;s determination of the fair value of identified intangible assets of R$952,483 thousand, which principally consisted of licenses, customer relationships, trademark and developed technology. The significant estimation uncertainty was primarily due to the sensitivity of the respective fair values to underlying assumptions about the future performance of the acquired businesses. The Company used valuation techniques to measure licenses, customer relationships, trademark and developed technology. The significant assumptions used to estimate the value of these intangible assets included discount rates and certain assumptions that form the basis of the forecasted results, such as revenue growth rates, projected profit margins and royalty rates. These significant assumptions are forward looking and could be affected by future economic events and market conditions.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/106% Arial, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>
    <P STYLE="font: 10pt/106% Arial, Helvetica, Sans-Serif; margin: 0"><I>How We Addressed the Matter in Our Audit</I></P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/106% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 10pt/106% Arial, Helvetica, Sans-Serif; margin: 0">We obtained an understanding, evaluated the design and tested the operating
    effectiveness of the Company's controls over accounting for business combinations, including controls over the recognition and measurement
    of identifiable intangible assets. For example, we tested controls over management's evaluation of underlying assumptions in the valuation
    models applied, and we also tested management's controls over the data used in the valuation models.</P>
    <P STYLE="font: 10pt/106% Arial, Helvetica, Sans-Serif; margin: 0"><BR>
    To test the estimated fair value of the intangible assets acquired, we performed audit procedures that included, among others, evaluating
    the valuation methodology and the significant assumptions used by the Company; obtaining the reports prepared by the Company&acute;s valuation
    specialist; testing the completeness and accuracy of underlying data used in the estimation of fair value of intangible assets acquired;
    involving our valuation specialists to assist with the evaluation of the methodology and key assumptions used by the Company and comparing
    the key assumptions used to the ones used by the Company in relation to past acquisitions and available third-party industry information.
    We also assessed the Company&rsquo;s disclosures in Note 5 to the consolidated financial statements.</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">/s/ ERNST &amp; YOUNG</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">Auditores Independentes S.S.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">We&nbsp;have&nbsp;served&nbsp;as&nbsp;the&nbsp;Company's&nbsp;auditor&nbsp;since&nbsp;2016.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">Belo Horizonte, Brazil</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">April 30, 2021</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Report of Independent Registered Public Accounting
Firm</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">To the Shareholders and the Board of Directors of</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Afya Limited</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Opinion on Internal Control over Financial Reporting</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">We have audited Afya Limited&#8217;s internal control over financial reporting
as of December 31, 2020, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission (2013 framework) (the COSO criteria). In our opinion, because of the effect of the material
weakness described below on the achievement of the objectives of the control criteria, Afya Limited (the Company) has not maintained
effective internal control over financial reporting as of December <FONT STYLE="color: #333333">31, 2020, based on the COSO criteria.&nbsp;</FONT></P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="color: #333333">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="color: #333333"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="color: black">As
indicated in the accompanying Management&rsquo;s Annual Report on Internal Control over Financial Reporting, management&rsquo;s assessment
of and conclusion on the effectiveness of internal control over financial reporting did not include the internal controls of Sociedade
Universit&aacute;ria Redentor S.A. ("UniRedentor"), Centro Universit&aacute;rio S&atilde;o Lucas Ltda.&nbsp;(&ldquo;UniSL&rdquo;), PEBMED
Institui&ccedil;&atilde;o de Pesquisa M&eacute;dica e Servi&ccedil;os Tecnol&oacute;gicos da &Aacute;rea da Sa&uacute;de S.A. (&ldquo;PEBMED&rdquo;),
Faculdade de Ensino Superior da Amaz&ocirc;nia Reunida (&ldquo;FESAR&rdquo;), MedPhone Tecnologia em Sa&uacute;de Ltda. (&ldquo;MedPhone&rdquo;)
and&nbsp;Centro Superior de Ci&ecirc;ncias da Sa&uacute;de S/S Ltda.&nbsp;&nbsp;(&ldquo;FCMPB&rdquo;),
which are included in the 2020 consolidated financial statements of the Company and constituted 8% and 3% of total and net assets, respectively,
as of December 31, 2020 and 20% and 22% of net revenue and net income, respectively, for the year then ended. Our audit of internal control
over financial reporting of the Company also did not include an evaluation of the internal&nbsp;</FONT><FONT STYLE="color: rgb(51, 51, 51)">control
over financial reporting of UniRedentor, UniSL, PEBMED, FESAR, MedPhone and FCMPB.</FONT></P>

<P STYLE="color: rgb(31, 73, 125); font: 400 11pt Calibri, Helvetica, Sans-Serif; margin: 0; letter-spacing: normal; word-spacing: 0px; text-indent: 0px; background-color: rgb(255, 255, 255)">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="color: #333333">A material weakness is a deficiency, or combination
of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement
of the company&#8217;s annual or interim financial statements will not be prevented or detected on a timely basis. The following material
weakness has been identified and included in </FONT>the accompanying Management&#8217;s Annual Report on Internal Control over Financial
Reporting<FONT STYLE="color: #333333">. Management has identified deficiencies relating to the IT General Controls (ITGCs) which, when
aggregated, have been classified as a material weakness. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">We also have audited, in accordance with the standards of
the Public Company Accounting Oversight Board (United States) (PCAOB), the Company&#8217;s consolidated statements of financial position
as of December 31, 2020 and 2019, the related consolidated statements of income and comprehensive income, changes in equity and cash flows
for each of the three years in the period ended December 31, 2020, and the related notes. This material weakness was considered in determining
the nature, timing and extent of audit tests applied in our audit of the 2020 consolidated financial statements, and this report does
not affect our report dated April 30, 2021, which expressed an unqualified opinion thereon.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333"><B>Basis for Opinion</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="color: #333333">The Company&#8217;s management is responsible
for maintaining effective internal control over financial reporting and for its assessment</FONT> of the effectiveness of internal control
over financial reporting included in the accompanying Management&#8217;s Annual Report on Internal Control over Financial Reporting.
Our responsibility is to express an opinion on the Company&#8217;s internal control over financial reporting based on our audit. We are
a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with
the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">We conducted our audit in accordance with the standards of the PCAOB. Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial
reporting was maintained in all material respects.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Our audit included obtaining an understanding of internal control over financial
reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal
control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that
our audit provides a reasonable basis for our opinion.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Definition and Limitations of Internal Control Over Financial Reporting</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">A company&#8217;s internal control over financial reporting is a process
designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles. A company&#8217;s internal control over financial reporting
includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded
as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts
and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and
(3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company&#8217;s
assets that could have a material effect on the financial statements.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk
that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures
may deteriorate.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">/s/ ERNST &amp; YOUNG</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Auditores Independentes S.S.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Belo Horizonte, Brazil</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">April 30, 2021</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>




<P STYLE="color: #333333; font: 10.5pt NotoSans; margin: 0">&nbsp;</P>


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<P STYLE="color: #C0504D; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Afya Limited</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Consolidated statements of financial position</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">As of December 31, 2020 and 2019</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>(In thousands of Brazilian reais)</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 60%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Notes</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 15%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>2020</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>2019</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Assets</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Current
    assets</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Cash
    and cash equivalents</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">6</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">1,045,042</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">943,209</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Restricted
    cash</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">14,788</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Trade
    receivables</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">7</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">302,317</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">125,439</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Inventories</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">7,509</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">3,932</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Recoverable
    taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">21,019</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">6,485</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Other
    assets</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">29,614</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">17,912</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Total
    current assets</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>1,405,501</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>1,111,765</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Non-current
    assets</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Restricted
    cash</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">2,053</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">2,053</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Trade
    receivables</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">7</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">7,627</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">9,801</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Other
    assets</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">74,037</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">17,267</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Property
    and equipment</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">10</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">260,381</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">139,320</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Investment
    in associate</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">51,410</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">45,634</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Right-of-use
    assets</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">12.2.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">419,074</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">274,275</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Intangible
    assets</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">11</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">2,573,010</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">1,312,338</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Total
    non-current assets</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>3,387,592</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>1,800,688</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Total
    assets</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>4,793,093</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>2,912,453</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 7pt/115% Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-size: 7pt"><B>&nbsp;</B></FONT></P>
    <P STYLE="font: 7pt/115% Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-size: 7pt"><B>Liabilities</B></FONT></P></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>Current
    liabilities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Trade
    payables</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">35,743</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">17,628</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 4.4pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Loans
    and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">12.2.1</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">107,162</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">53,607</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 4.4pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Derivatives</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">12.2.1</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">757</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 4.4pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Lease
    liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">12.2.2</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">61,976</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">22,693</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 4.4pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Accounts
    payable to selling shareholders</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">12.2.3</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">188,420</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">131,883</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Notes
    payable</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">12.2.4</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">10,503</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Advances
    from customers</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">63,839</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">36,860</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Labor
    and social obligations</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">77,855</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">46,770</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Taxes
    payable</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">32,976</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">19,442</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Income
    taxes payable</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">4,574</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">3,213</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Other
    liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">6,331</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">376</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>Total
    current liabilities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>589,379</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>333,229</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>&nbsp;Non-current
    liabilities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Loans
    and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">12.2.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">510,323</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">6,750</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Lease
    liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">12.2.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">385,727</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">261,822</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Accounts
    payable to selling shareholders</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">12.2.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">329,820</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">168,354</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Notes
    payable</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">12.2.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">65,678</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Taxes
    payable</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">21,425</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">21,304</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Provision
    for legal proceedings</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">22</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">53,139</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">5,269</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Other
    liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">3,822</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">1,999</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>Total
    non-current liabilities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>1,369,934</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>465,498</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>Total
    liabilities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>1,959,313</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>798,727</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>Equity</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 4.4pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Share
    capital</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">16</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">17</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">17</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Additional
    paid-in capital</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">2,323,488</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">1,931,047</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Share-based
    compensation reserve</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">50,724</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">18,114</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Retained
    earnings</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">407,991</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">115,916</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>Equity
    attributable to equity holders of the parent</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>2,782,220</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>2,065,094</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 4.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">Non-controlling
    interests</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">51,560</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%">48,632</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>Total
    equity</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>2,833,780</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>2,113,726</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>Total
    liabilities and equity</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>4,793,093</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; line-height: 115%"><B>2,912,453</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The accompanying notes are an integral part of the consolidated financial
statements.<BR STYLE="clear: both">
</P>


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<P STYLE="color: #C0504D; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Afya Limited</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Consolidated statements of income and comprehensive income</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">For the years ended December 31, 2020, 2019 and 2018</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>(In thousands of Brazilian reais, except earnings per share)</I></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 54%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Notes</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2020</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-bottom: Black 1pt solid; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 12%; border-bottom: Black 1pt solid; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2018</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Net revenue</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">18</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">1,201,191</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">750,630</FONT></TD>
    <TD STYLE="padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">333,935</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Cost of services</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">19</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(434,654)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(308,853)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(168,052)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Gross profit</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>766,537</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>441,777</B></FONT></TD>
    <TD STYLE="padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>165,883</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 2.85pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">General and administrative expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">19</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(402,855)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(239,120)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(70,034)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 2.85pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Other (expenses) income, net</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(347)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">2,594</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">599</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Operating income</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>363,335</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>205,251</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>96,448</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 2.85pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Finance income</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">20</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">62,290</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">51,689</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">10,428</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 2.85pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Finance expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">20</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(98,269)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(72,365)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(8,154)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Finance result</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(35,979)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(20,676)</FONT></TD>
    <TD STYLE="padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">2,274</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Share of income of associate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">9</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">7,698</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">2,362</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%">-</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Income before income taxes</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>335,054</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>186,937</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>98,722</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 0.75pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Income taxes expense</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">21</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(27,067)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(14,175)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(3,988)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Net income</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>307,987</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>172,762</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>94,734</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">&nbsp;Other comprehensive income</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Total comprehensive income</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>307,987</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>172,762</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>94,734</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Net income attributable to</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 8.2pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Equity holders of the parent</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">292,075</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">153,916</FONT></TD>
    <TD STYLE="padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">86,353</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 8.2pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Non-controlling interests</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">15,912</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">18,846</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">8,381</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1.5pt double; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>307,987</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>172,762</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: -2.4pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>94,734 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Basic earnings per share</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Per common share</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">17</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">3.15</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">2.03</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">1.84</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Diluted earnings per share</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Per common share</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">17</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">3.12</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">2.02</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">1.81</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The accompanying notes are an integral part of the consolidated financial
statements.</P>


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<P STYLE="color: #C0504D; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Afya Limited</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Consolidated statements of changes in equity</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">For the years ended December 31, 2020, 2019 and 2018</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>(In thousands of Brazilian reais)</I></P>

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>Equity attributable to equity holders of the parent</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>Earnings reserves</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 8.5pt/7.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 8.5pt/7.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Share capital</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 0.25pt; padding-left: 3.5pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>Additional paid-in capital</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>Share-based compensation reserve</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>Legal reserve</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>Retained earnings reserve</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>Retained earnings</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>Non-controlling interests</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>Total equity</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Balances at January 1, 2018</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>66,485</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>(63,588)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>2,905</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>40,309</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>46,111</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>651</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>46,762</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Net income</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">86,353</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">86,353</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">8,381</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">94,734</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Total comprehensive income</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">86,353</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">86,353</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">8,381</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">94,734</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Capital increase with cash </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">156,304</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">156,304</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">156,304</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Capital increase with reserve</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">80,541</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(40,312)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(40,229)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Capital increase with contribution of IPTAN and IESVAP</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">11,670</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">188,602</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">200,272</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">200,272</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Dividends declared&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">10,781</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">10,781</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">10,781</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Share-based compensation </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">2,161</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">2,161</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">2,161</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Legal reserve</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">4,318</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(4,318)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Dividends declared to non-controlling interests </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(5,845)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(5,845)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Non controling interest arising on business combination</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">85,185</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">85,185</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Earning retention</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">52,587</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(52,587)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>Balances at December 31, 2018</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>315,000</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>125,014</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>2,161</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>7,223</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>52,584</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>501,982</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>88,372</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>590,354</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 8.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 8.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 8.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 8.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Net income</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">153,916</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">153,916</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">18,846</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">172,762</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Total comprehensive income</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">153,916</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">153,916</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">18,846</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">172,762</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Capital increase with cash </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">150,000</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">150,000</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">150,000</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: -18.15pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Capital increase from shares contribution of shareholders </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">48,768</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">36,358</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">85,126</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(44,774)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">40,352</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: -18.15pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Capital increase from the corporate reorganization&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">122,062</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">137,051</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">259,113</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">259,113</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: -18.15pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Share-based compensation </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">1</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">17,627</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">18,114</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">35,742</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">35,742</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: -18.15pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Allocation to additional paid-in capital </FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">33,001</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(33,001)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: -18.15pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Dividends declared&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(38,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(38,000)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(13,812)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(51,812)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: -18.15pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Dividends cancelled </FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">4,107</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">4,107</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">4,107</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Corporate reorganization </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(635,830)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">668,904</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(2,161)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(7,223)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(23,690)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Issuance of common shares in initial public offering&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">16</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">992,762</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">992,778</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">992,778</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Shares issuance cost</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(79,670)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(79,670)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(79,670)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>Balances at December 31, 2019</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>17</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>1,931,047</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>18,114</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>115,916</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>2,065,094</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>48,632</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>2,113,726</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Net income</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">292,075</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">292,075</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">15,912</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">307,987</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Total comprehensive income</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">292,075</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">292,075</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">15,912</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">307,987</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Capital increase from shares contribution of shareholders </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">17,531</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">17,531</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">17,531</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Issuance of common shares in follow-on public offering</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">389,170</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">389,170</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">389,170</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Share issuance cost</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(19,704)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(19,704)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(19,704)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: -18.15pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Dividends declared</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(12,984)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">(12,984)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: -18.15pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">Share-based compensation</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">5,444</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">32,610</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">38,054</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt">38,054</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>Balances at December 31, 2020</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>17</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 0.25pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>2,323,488</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>50,724</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>407,991</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>2,782,220</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>51,560</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8.5pt"><B>2,833,780</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The accompanying notes are an integral part of the consolidated financial
statements.</P>


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<P STYLE="color: #C0504D; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Afya Limited</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Consolidated statements of cash flows</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">For the years ended December 31, 2020, 2019 and 2018</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 0.65pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>(In thousands of Brazilian reais)</I></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2020</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2019</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2018</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Operating activities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Income before income taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">335,054</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">186,937</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">98,722</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Adjustments to reconcile income before income taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; width: 51%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Depreciation and amortization</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 18%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">108,744</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">73,152</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">9,078</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Disposals of property and equipment</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">78</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Allowance for doubtful accounts</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">32,081</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">15,040</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">7,714</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Share-based compensation expense</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">32,610</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">18,114</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,161</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Net foreign exchange differences</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,613</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(13,321)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,697</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Net loss (gain) on derivatives</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(20,739)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,780</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,219)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Accrued interest</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">25,543</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">24,002 </FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,856</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Accrued lease interest </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">44,458</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">31,469</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Share of income of associate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(7,698)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(2,362)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Provision for legal proceedings</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">5,354</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(2,568)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(344)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(11)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Changes in assets and liabilities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Trade receivables</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(164,286)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(35,556)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(28,198)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Inventories</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,110)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(236)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(593)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Recoverable taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(13,709)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,940)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(63)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Other assets</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(23,902)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(7,403)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,304)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Trade payables</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,475</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,029</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,528)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Taxes payables</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(552)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,940</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,797)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Advances from customers</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,951)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">19,324</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,073</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Labor and social obligations</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">11,125</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">6,124</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,019)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Other liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">22,771</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(10,881)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,990</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">390,881</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">307,722</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">84,215</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Income taxes paid</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(19,374)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(8,506)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,897)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Net cash flows from operating activities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>371,507</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>299,216</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>80,318</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Investing activities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Acquisition of property and equipment</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(89,832)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(56,964)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(18,634)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Acquisition of intangibles assets</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(47,753)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(64,745)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,053)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Restricted cash</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">14,788</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">7,530</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(18,810)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Payments of notes payable</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(5,974)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Acquisition of subsidiaries, net of cash acquired</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(913,991)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(241,568)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(221,298)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Loans to related parties</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,598</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(594)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Net cash flows used in investing activities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(1,042,762)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(354,149)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(262,389)</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD COLSPAN="4" STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Financing activities</B></P></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 2.8pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 2.8pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Issuance of loans and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">605,041</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">7,383</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">74,980</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Payments of loans and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(155,090)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(75,093)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(6,492)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Payments of lease liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(55,455)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(39,779)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Related parties loans</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(106)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Capital increase</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">5,444</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">167,628</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">156,304</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Dividends paid to non-controlling interests</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(12,984)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(51,812)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(5,845)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Proceeds from initial public offering</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">389,170</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">992,778</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Share issuance costs</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(19,704)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(79,670)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Net cash flows from (used in) financing activities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>756,422</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>921,435</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>218,841</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Net foreign exchange differences</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">16,666</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">14,447</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Net increase in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>101,833</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>880,949</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>36,770</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Cash and cash equivalents at the beginning of the year</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">943,209</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">62,260</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">25,490</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Cash and cash equivalents at the end of the year</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,045,042</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">943,209</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">62,260</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The accompanying notes are an integral part of the consolidated financial
statements.</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">1</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Corporate information</FONT></TD></TR></TABLE>

<P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Afya Limited (&ldquo;Afya&rdquo;) and its subsidiaries (collectively, the
&ldquo;Company&rdquo;) is a holding company incorporated under the laws of the Cayman Islands on March 22, 2019. Afya Limited became the
holding company of Afya Participa&ccedil;&otilde;es S.A. (hereafter referred to as &ldquo;Afya Brazil&rdquo;), formerly denominated NRE
Participa&ccedil;&otilde;es S.A., through the completion of the corporate reorganization described below.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Until the contribution of Afya Brazil shares to Afya Limited in July 2019,
Afya Limited did not have commenced operations and had only nominal assets and liabilities and no material contingent liabilities or commitments.
Accordingly, Afya Limited&rsquo;s consolidated financial information substantially reflect the operations of Afya Brazil after the corporate
reorganization.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company is formed by a network of higher education and post graduate
institutions focused on medicine located in 18 Brazilian states forming the largest educational group by the number of medical seats in
the country and by services that comprises the development and sale of electronically distributed educational courses on medicine science,
related printed and technological educational content and mobile app subscription for digital medical content.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><U>Corporate reorganization</U></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On March 29, 2019, Afya Brazil merged (i) BR Health Participa&ccedil;&otilde;es
S.A. (&ldquo;BR Health&rdquo;), a wholly-owned subsidiary of Bozano Educacional II Fundo de Investimento em Participa&ccedil;&otilde;es
Multiestrat&eacute;gia (&ldquo;Crescera&rdquo;) that controlled Guardaya Empreendimentos and Participa&ccedil;&otilde;es S.A. (&ldquo;Guardaya&rdquo;)
and was one of Afya Brazil&rsquo;s shareholders; and (ii) Guardaya which owned 100% of Medcel Editora e Eventos S.A. (&ldquo;Medcel Editora&rdquo;)
and CBB Web Servi&ccedil;os e Transmiss&otilde;es On Line S.A. (&ldquo;CBB Web&rdquo;), focused on medical residency preparation courses
located in the state of S&atilde;o Paulo, resulting in the transfer to Afya Brazil of 100% of Medcel Editora and CBB Web and 15% of Uni&atilde;o
Educacional do Planalto Central S.A. (&ldquo;UEPC&rdquo;), a medical school located in the Federal District. On June 18, 2019 Afya Brazil
acquired an additional 15% interest in UEPC resulting in an interest of 30%.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On July 7, 2019, each of Afya Brazil&acute;s shareholders had agreed to
contribute their respective shares on Afya Brazil into Afya Limited, exchanging one common share into 28 Class A or Class B common shares
of Afya Limited. The holders of the Class A common shares and Class B common shares have identical rights, except that (i) the holder
of Class B common shares is entitled to 10 votes per share, whereas holders of Class A common shares are entitled to one vote per share,
(ii) Class B common shares have certain conversion rights and (iii) the holders of Class B common shares are entitled to maintain their
proportional ownership interest in the event that common shares and/or preferred shares are proposed to be issued. The holders of Class
A common shares and Class B common shares vote together as a single class on all matters (including the election of directors) submitted
to a vote of shareholders, unless otherwise required by law and subject to certain exceptions.<BR STYLE="clear: both">
</P>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><BR STYLE="clear: both">
</P>


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    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><U>Initial public offering</U></P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On July 18, 2019, Afya Limited priced its initial public offering (&ldquo;IPO&rdquo;)
of 13,744,210 Class A common shares, which began trading on the Nasdaq Global Select Market (&ldquo;NASDAQ&rdquo;) on July 19, 2019 under
the symbol &ldquo;AFYA&rdquo;. On July 23, 2019, the underwriters exercised the option to buy an additional 2,061,631 Class A common shares
to cover over-allotments, totaling 15,805,841 Class A common shares, which 13,888,887 Class A common shares were offered by Afya Limited
and 1,916,954 Class A common shares were offered by the selling shareholders at the initial public offering price. The initial offering
price was US$ 19.00 per Class A common share.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On July 23, 2019, the share capital of Afya Limited was increased by 13,888,887
Class A shares through the proceeds received as a result of the IPO of US$ 263,888 thousand (or R$ 992,778). The net proceeds from the
IPO were US$ 242,711 thousand (or R$ 913,108), after deducting US$ 15,833 thousand (or R$ 59,566) in underwriting discounts and commissions
and other offering expenses totaled US$ 5,344 thousand (or R$ 20,104). The share issuance costs totaled R$ 79,670.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Afya Limited transferred US$ 251,800 thousand (or R$ 961,438) of the net
proceeds from the Cayman Islands to bank accounts in Brazil. These deposits are invested on first-line financial institutions in Brazil
and are denominated in Brazilian reais.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white"><U>Issuance of additional common
shares</U></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On February 6, 2020, Afya completed its follow-on public offering of 3,019,928
Class A common shares offered by the Company and 9,406,812 Class A common shares offered by the selling shareholders.</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The offering price was US$ 27.50 per Class A common shares and gross proceeds
of R$ 358,286 (US$ 83,048 thousand). The Company received net proceeds of R$ 339,648 (US$ 78,846 thousand), after deducting R$ 18,638
(US$ 4,202 thousand) in underwriting discounts, commissions and other offering expenses.</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On March 10, 2020, the underwriters exercised their option to acquire additional
240,552 Class A common shares at the offering price, resulting in gross proceeds of R$ 30,884 (US$ 6,615 thousand). The net proceeds from
the additional shares were R$ 29,819 (US$ 6,387 thousand), after deducting R$ 1,066 (U$ 228 thousand) in underwriting discounts and commissions.</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white">Afya transferred R$ 294,312 (US$ 68,060
thousand) of the net proceeds to bank accounts in Brazil with an increase in the capital of Afya Brazil. These deposits were invested
in first-line financial institutions in Brazil and are denominated in Brazilian reais.<BR STYLE="clear: both">
</FONT></P>


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    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><U>Acquisitions in 2020</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">(i) On January 31, 2020, Afya Brazil acquired control of Sociedade Universit&aacute;ria
Redentor S.A. (&quot;UniRedentor&quot;), through the acquisition of 100% of its shares. UniRedentor is a post-secondary education institution
with governmental authorization to offer on-campus, undergraduate degrees and graduate programs in medicine and health, as well as other
courses, in the State of Rio de Janeiro. See Note 5.</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="color: black">(ii) On May 5, 2020, Afya Brazil acquired control
of Centro Universit&aacute;rio S&atilde;o Lucas Ltda. (&ldquo;UniSL&rdquo;)</FONT>, through the acquisition of 100% of its shares<FONT STYLE="color: black">.
UniSL is a post-secondary education institution with governmental authorization to offer on-campus, undergraduate courses in medicine
</FONT>and health, as well as other courses, <FONT STYLE="color: black">in the State of Rond&ocirc;nia. See Note 5.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="color: black"></FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">(iii) On July 20, 2020, Afya Brazil acquired control of PEBMED <I>Institui&ccedil;&atilde;o
de Pesquisa M&eacute;dica e Servi&ccedil;os Tecnol&oacute;gicos da &Aacute;rea da Sa&uacute;de S.A.</I> (&ldquo;PEBMED&rdquo;), through
the acquisition of 100% of its shares. PEBMED offers content and clinical tools for healthcare professionals, including web portals and
mobile apps. See Note 5.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">(iv) On November 3, 2020, Afya Brazil acquired 100% of the total share capital
of <I>Faculdade de Ensino Superior da Amaz&ocirc;nia Reunida</I> (&ldquo;FESAR&rdquo;). FESAR is a post-secondary education institution
with government authorization to offer on-campus, undergraduate courses in medicine and health, as well as other courses, in the State
of Par&aacute;. See Note 5.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">(v) On November 4, 2020, Afya Brazil acquired 100% of the total share capital
of MedPhone Tecnologia em Sa&uacute;de Ltda. (&ldquo;MedPhone&rdquo;). MedPhone is a clinical decision and leaflet consultation app in
Brazil, that helps physicians, medical students and other healthcare professionals to make faster and more accurate decisions on a daily
basis. See Note 5.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">(vi) On November 9, 2020, Afya Brazil acquired 100% of the total share capital
of <I>Centro Superior de Ci&ecirc;ncias da Sa&uacute;de S/S Ltda. </I>(&ldquo;FCMPB&rdquo;). FCMPB is a post-secondary education institution
with government authorization to offer on-campus, undergraduate courses in medicine in the State of Para&iacute;ba and medical course
represented 99% of its net revenue in 2019. See Note 5.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt; color: #C00000; text-indent: -14.2pt"><U>Other acquisitions</U></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(i) On October
22, 2020, Afya Brazil entered into a purchase agreement for the acquisition of 100% of the total share capital of <I>Sociedade Padr&atilde;o
de Educa&ccedil;&atilde;o Superior Ltda.</I></FONT><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">,
which includes UNIFIPMoc and Fip Guanambi (&ldquo;SPES&rdquo;)<I>.</I> SPES is a post-secondary education institution with government
authorization to offer on-campus, undergraduate courses in medicine in the States of Minas </FONT><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Gerais
and Bahia. The transaction is subject to conditions precedent before closing, of which had not occurred up to the issuance of these </FONT><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">financial
statements. The purchase price is R$360,000, adjusted by the Net Debt at the closing date, of which: (i) 100% is payable in cash on the
transaction closing date.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(ii) See Note</FONT><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">24 for for further information regarding other acquisitions</FONT><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">concluded after December 31, 2020.</FONT></P>



<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt; text-indent: -14.2pt">&nbsp;</P>


<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt; text-indent: -14.2pt"><U>COVID-19</U></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; color: #C00000; margin: 0 0 0 14.2pt; text-indent: -14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">In December 2019, a novel strain of coronavirus (COVID-19) was reported
to have emerged in Wuhan, China. COVID-19 has since spread to most of the countries around the globe, including every state in Brazil.
On March 11, 2020, the World Health Organization declared the COVID-19 outbreak a pandemic, and on March 20, 2020 the Brazilian federal
government declared a national emergency with respect to COVID-19.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Since March 17, 2020, there has been some interruption of our on-campus
activities due to Brazilian government authorities mandatory lockdowns. We managed to rapidly adapt our business to these unusual times,
and although there has been an interruption of our on-campus activities, we are offering our non-practical educational activities to our
students through our online platform (rather than on-site). Regarding the offering of practical classes, we quickly resumed our in-hospital and
health care residency programs for fifth and sixth year students, which represents the largest portion of our practical curriculum. As
of December 31, 2020, we have recorded deferred revenues of R$2,361 in advances from customers in the statement of financial position
because some of our practical educational activities (particularly for students in the first to fourth years) that we provide in our on-campus
labs and clinics were suspended and thus a portion of the net revenue should be deferred to the next year, in accordance with IFRS 15.</P>


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    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">During 2020, the States of Rio de Janeiro, Par&aacute;, Tocantins, Piau&iacute;,
Rondonia, Bahia and Maranh&atilde;o had issued state decrees granting discounts to our students because of COVID-19. As of the date of
these financial statements, these mandatory discounts have been suspended as their constitutionality has been challenged in the superior
courts. As long as it has not been declared constitutional, we started to invoice our students without these discounts and, from March
2021, with the discount granted during 2020. Additionally, we are also facing individual and collective legal proceedings all across the
country, which total R$ 6,545 during 2020 that are still pending on final legal decisions to be recovered.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">As we continue to offer non-practical educational activities to our students
through our platform and practical activities for fifth and sixth year students, through the same professors, staff and suppliers, we
continue to charge our standard monthly tuitions fees. We are committed to deliver the best quality service, minimize the impacts of the
COVID-19 pandemic on our students, employees and our local communities. In addition, as of the date of these financial statements, the
COVID-19 pandemic has had no significant impact on the payment default rates of our students. We continue to support our students by providing
special payment arrangements. Furthermore, there have been no significant impacts on our financial performance and position of assets
and there have been no significant changes in our financial condition triggering impairment indicators in these financial statements.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The COVID-19 pandemic is still evolving, and Brazilian authorities may maintain
a lockdown of our on-campus activities for a longer or undefined extended of period of time or impose a more severe lockdown, among other
measures, all of which are outside of our control and may materially adversely affect our business and results of operations including
the resumption of on-campus practical classes. We may also suffer labor shortages, particularly of our teaching faculty, which is mostly
comprised of doctors that continue to have work shifts at hospitals and are consequently more exposed to COVID-19 than non-medical administrative
staff. Furthermore, the COVID-19 pandemic is expect to cause a material and adverse effect on the general economic, financial, political,
demographic and business conditions in Brazil, which may reduce the disposable income of our students and their families, and consequently
(i) result in an adverse impact on the ability of our students (current and/or prospective) to pay our tuition fees and/or (ii) trigger
an increase in our attrition rates.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">While we are aware of the uncertainties created by the COVID-19 pandemic,
we remain confident in our strategy, in the financial robustness of our business and in our contribution of high quality medical professionals
who we believe will help our society overcome the COVID-19 pandemic and other future challenges.</P>


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    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">2</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Significant accounting policies</FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">2.1 Basis for preparation of the
consolidated financial statements</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company&rsquo;s consolidated financial statements have been prepared
in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The consolidated financial statements have been prepared on a historical
cost basis, except for derivative financial instruments that have been measured at fair value.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The corporate reorganization described in Note 1, occurred on July 7, 2019,
was accounted for as a reorganization of entities under common control whereby Afya Limited was created as a holding company of Afya Brazil.
As a result, the assets and liabilities of Afya Brazil is carried at historical cost and there was no step-up in basis or goodwill, or
other intangible assets recorded as a result of the corporate reorganization.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">As a result, the consolidated financial statements prepared by the Company
subsequent to the completion of the reorganization are presented &ldquo;as if&rdquo; Afya Brazil is the predecessor of the Company. Accordingly,
these consolidated financial statements reflect: (i) the historical operating results of Afya Brazil prior to the reorganization; (ii)
the consolidated results of the Company and Afya Brazil following the reorganization; (iii) the assets and liabilities of Afya Brazil
at their historical cost; and (iv) the Company&rsquo;s equity and earnings per share for all periods presented.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Afya Limited is a holding company, as such the primary source of revenue
derives from its interest on the operational companies in Brazil. As result, the Brazilian Real has been assessed as the Company`s functional
currency.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The consolidated financial statements are presented in Brazilian reais (&ldquo;BRL&rdquo;
or &ldquo;R$&rdquo;), which is the Company&rsquo;s functional and presentation currency. All amounts are rounded to the nearest thousand.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">These consolidated financial statements as of and for the year ended December
31, 2020 were authorized for issue by the Board of Directors on April 30, 2021.</P>


<!-- Field: Page; Sequence: 179 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>2.2 Basis of consolidation</B></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The table below list
the Company&rsquo;s subsidiaries and associate:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Direct and indirect interest</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 28%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Name</B></FONT></TD>
    <TD STYLE="width: 18%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Principal activities</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Location</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Investment type</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>December 31, 2020</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>December 31, 2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>December 31, 2018</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Afya Participa&ccedil;&otilde;es S.A. (Afya Brazil)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Holding</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Nova Lima - MG</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Instituto Tocantinense Presidente Ant&ocirc;nio Carlos Porto S.A. &ndash; (&ldquo;ITPAC Porto&rdquo;)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Porto Nacional - TO</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Instituto Tocantinense Presidente Ant&ocirc;nio Carlos S.A. &ndash; (&ldquo;ITPAC Araguaina&rdquo;)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Aragua&iacute;na - TO</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Uni&atilde;o Educacional do Vale do A&ccedil;o S.A. &ndash; (&ldquo;UNIVA&Ccedil;O&rdquo;)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Ipatinga - MG</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">76%</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">IPTAN - Instituto de Ensino Superior Presidente Tancredo de Almeida Neves S.A. (&ldquo;IPTAN&rdquo;)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">S&atilde;o Jo&atilde;o Del Rei - MG</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Instituto de Educa&ccedil;&atilde;o Superior do Vale do Parna&iacute;ba S.A. (&ldquo;IESVAP&rdquo;)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Parna&iacute;ba - PI</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">80%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">80%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">80%</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Centro de Ci&ecirc;ncias em Sa&uacute;de de Itajub&aacute; S.A. (&ldquo;CCSI&rdquo;)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Itajub&aacute; - MG</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">60%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">60%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">60%</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Instituto de Ensino Superior do Piau&iacute; S.A. (&rdquo;IESP&rdquo;) </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Teresina - PI</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">80%</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">RD Administra&ccedil;&atilde;o e Participa&ccedil;&otilde;es Ltda. (&ldquo;RD&rdquo;) ****</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Holding</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Pato Branco - PR</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">FADEP - Faculdade Educacional de Pato Branco Ltda. (&ldquo;FADEP&rdquo;)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Pato Branco - PR</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">CBB Web Servi&ccedil;os e Transmiss&otilde;es Online S.A. (&ldquo;CBBW&rdquo;)***</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Medical education courses and online platform</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">S&atilde;o Paulo - SP</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Medcel Editora e Eventos S.A. (&ldquo;Medcel&rdquo;) </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Medical education content</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">S&atilde;o Paulo - SP</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Instituto Educacional Santo Agostinho S.A. (&ldquo;FASA&rdquo;) </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Montes Claros - MG</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">ESMC Educa&ccedil;&atilde;o Superior Ltda.*</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Montes Claros - MG</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Instituto de Pesquisa e Ensino M&eacute;dico do Estado de Minas Gerais Ltda. (&ldquo;IPEMED&rdquo;) </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Post-graduate</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Belo Horizonte - MG</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Instituto Paraense de Educa&ccedil;&atilde;o e Cultura Ltda (&ldquo;IPEC&rdquo;) </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Marab&aacute; - PA</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Sociedade Universit&aacute;ria Redentor S.A. (&ldquo;UniRedentor&rdquo;) **</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Itaperuna - RJ</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Centro Universit&aacute;rio S&atilde;o Lucas Ltda. (&ldquo;UniSL&rdquo;) **</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Porto Velho - RO</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">PEBMED Institui&ccedil;&atilde;o de Pesquisa M&eacute;dica e Servi&ccedil;os Tecnol&oacute;gicos da &Aacute;rea da Sa&uacute;de S.A. (&ldquo;PEBMED&rdquo;)**</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Content and clinical tools and online platform</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Rio de Janeiro &ndash; RJ</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Centro Superior de Ci&ecirc;ncias da Sa&uacute;de S/S Ltda. (&ldquo;FCMPB&rdquo;)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Jo&atilde;o Pessoa &ndash; PB</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Faculdade de Ensino Superior da Amaz&ocirc;nia Reunida &ndash; (&ldquo;FESAR&rdquo;)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Reden&ccedil;&atilde;o &ndash; PA</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">MedPhone Tecnologia em Sa&uacute;de Ltda. (&ldquo;MedPhone&rdquo;)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Content and clinical tools and online platform</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Recife &ndash; PE</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Subsidiary</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Uni&atilde;o Educacional do Planalto Central S.A. (&ldquo;UEPC&rdquo;) </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Undergraduate and graduate degree programs </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Bras&iacute;lia - DF</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Associate</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">30%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">30%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  </TABLE>
<P STYLE="color: #212121; font: 8pt/8pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
January 1, 2020, Afya Brazil incorporated ESMC Educa&ccedil;&atilde;o Superior Ltda. (&ldquo;ESMC&rdquo;) and transferred the two FASA
campuses located in the State of Minas Gerais, which do not offer medicine courses, to ESMC. This spin-off did not have an impact on the
consolidated financial statements.</FONT></P>

<P STYLE="color: #212121; font: 8pt/8pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white">**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See
Note 5.1 for further details on the business combinations during 2020.</FONT></P>

<P STYLE="color: #212121; font: 8pt/8pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white">***&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CBBW
was merged by Medcel on May 1, 2020.</FONT></P>

<P STYLE="color: #212121; font: 8pt/8pt Arial, Helvetica, Sans-Serif; margin: 0">****&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RD Administra&ccedil;&atilde;o
e Participa&ccedil;&otilde;es Ltda was merged by Afya Brazil on December 15, 2020.</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white">The financial
information of the acquired subsidiaries is included in the Company&rsquo;s consolidated financial statements beginning on the respective
acquisition dates. </FONT></P>

<P STYLE="color: #212121; font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company consolidates the financial information for all entities it controls.
Control is achieved when the Company is exposed to, or has rights, to variable returns from its involvement with the investee and has
the ability to affect those returns through its power over the investee. Consolidation of a subsidiary begins when the Company obtains
control over the subsidiary and it ceases when the Company loses control of the subsidiary. Assets, liabilities, income and expenses of
a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Company gains
control until the date the Company ceases to control the subsidiary.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">When necessary, adjustments are made to the financial statements of subsidiaries
in order to bring their accounting policies in line with the Company&rsquo;s accounting policies. All intra-group assets and liabilities,
equity, income, expenses and cash flows relating to transactions are eliminated in full on consolidation.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">A change in the ownership interest of a subsidiary, without a loss of control,
is accounted for as an equity transaction. If the Company loses control over a subsidiary, it derecognizes the related assets (including
goodwill), liabilities, non-controlling interest and other components of equity, while any resulting gain or loss is recognized in the
statement of income.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Non-controlling interests in the results and equity of subsidiaries are
shown separately in the consolidated statements of financial position, consolidated statements of income and comprehensive income and
consolidated statements of changes in equity.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>2.3 Summary of significant accounting policies</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">This note provides a description of the significant accounting policies
adopted in the preparation of these consolidated financial statements in addition to other policies that have been disclosed in other
notes to these consolidated financial statements. These policies have been consistently applied to all periods presented, except for the
adoption of IFRS 16 as of January 1, 2019.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The accounting policies have been consistently applied
to all consolidated companies.</P>

<P STYLE="color: #C00000; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>a) Business combinations and goodwill </B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Business combinations are accounted for using the acquisition method. The
cost of an acquisition is measured as the aggregate of the consideration transferred, which is measured at acquisition date fair value,
and the amount of any non-controlling interests in the acquiree. For each business combination, the Company elects whether to measure
the non-controlling interests in the acquiree at fair value or at the proportionate share of the acquiree&rsquo;s identifiable net assets.
Acquisition-related costs are expensed as incurred and included in general and administrative expenses.</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">When the Company acquires a business, it assesses the financial assets and
liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and
pertinent conditions as of the acquisition date.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Goodwill is initially measured at cost (being the excess of the aggregate
of the consideration transferred and the amount recognized for non-controlling interests and any previous interest held over the net identifiable
assets acquired and liabilities assumed). If the fair value of the net assets acquired is in excess of the aggregate consideration transferred,
the Company re-assesses whether it has correctly identified all of the assets acquired and all of the liabilities assumed and reviews
the procedures used to measure the amounts to be recognized at the acquisition date. If the reassessment still results in an excess of
the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in the consolidated statement
of income.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">After initial recognition, goodwill is measured at cost less any accumulated
impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated
to each of the Company&rsquo;s cash-generating units that are expected to benefit from the combination, irrespective of whether other
assets or liabilities of the acquire are assigned to those units.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Where goodwill has been allocated to a cash-generating unit (CGU) and part
of the operation within that unit is disposed of, the goodwill associated with the disposed operation is included in the carrying amount
of the operation when determining the gain or loss on disposal. Goodwill disposed in these circumstances is measured based on the relative
values of the disposed operation and the portion of the cash-generating unit retained.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>b) Current versus non-current classification</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company presents assets and liabilities in the statement of financial
position based on current/non current classification. An asset is current when it is:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Expected to be realized or intended to be sold or consumed in the normal operating
cycle;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Held primarily for the purpose of trading;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Expected to be realized within twelve months after the reporting period; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Cash or cash equivalent unless restricted from being exchanged or used to
settle a liability for at least twelve months after the reporting period.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">All other assets are classified as non-current.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">A liability is current when:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">It is expected to be settled in the normal operating cycle;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">It is held primarily for the purpose of trading;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">It is due to be settled within twelve months after the reporting period; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">There is no unconditional right to defer the settlement of the liability for
at least twelve months after the reporting period.</FONT></TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company classifies all other liabilities as non-current.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Deferred tax assets and liabilities are classified as non-current assets
and liabilities.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>c) Fair value measurement</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company measures derivative financial instruments at fair value at each
balance sheet date as disclosed in Note 12.3.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Fair value is the price that would be received to sell an asset or paid
to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based
on the presumption that the transaction to sell the asset or transfer the liability takes place either: (i) in the principal market for
the asset or liability; or (ii) in the absence of a principal market, in the most advantageous market for the asset or liability.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The principal or the most advantageous market must be accessible by the
Company.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The fair value of an asset or a liability is measured using the assumptions
that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">A fair value measurement of a non-financial asset takes into account a market
participant's ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market
participant that would use the asset in its highest and best use.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company uses valuation techniques that are appropriate in the circumstances
and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the
use of unobservable inputs.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">All assets and liabilities for which fair value is measured or disclosed
in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that
is significant to the fair value measurement as a whole:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Level 1 &mdash; Quoted (unadjusted) market prices in active markets for identical
assets or liabilities.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Level 2 &mdash; Valuation techniques for which the lowest level input that
is significant to the fair value measurement is directly or indirectly observable.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Level 3 &mdash; Valuation techniques for which the lowest level input that
is significant to the fair value measurement is unobservable.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">For assets and liabilities that are recognized in the financial statements
at fair value on a recurring basis, the Company determines whether transfers have occurred between levels in the hierarchy by re-assessing
categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting
period.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">At each reporting date, the Company analyzes the movements in the values
of assets and liabilities which are required to be remeasured or re-assessed as per the Company&rsquo;s accounting policies. For this
analysis, the Company verifies the major inputs applied in the latest valuation by agreeing the information in the valuation computation
to contracts and other relevant documents.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company also compares the change in the fair value of each asset and
liability with relevant external sources to determine whether the change is reasonable.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">For the purpose of fair value disclosures, the Company has determined classes
of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value
hierarchy, as explained above.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>d) Financial instruments &ndash; initial recognition
and measurement</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">A financial instrument is any contract that gives rise to a financial asset
of one entity and a financial liability or equity instrument of another entity.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 14.2pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>i)</B></FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Financial assets</B></FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><B>&nbsp;</B></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><I>Initial recognition and measurement</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">The classification of financial assets at initial recognition
depends on the financial asset&rsquo;s contractual cash flow characteristics and the Company&rsquo;s business model for managing them.
With the exception of trade receivables that do not contain a significant financing component or for which the Company has applied the
practical expedient, the Company initially measures a financial asset at its fair value plus, in the case of a financial asset not at
fair value through profit or loss, transaction costs. Trade receivables that do not contain a significant financing component or for which
the Company has applied the practical expedient, are measured at the transaction price determined under IFRS 15.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">In order for a financial asset to be classified and measured
at amortized cost or fair value through OCI (Other Comprehensive Income), it needs to give rise to cash flows that are &ldquo;solely payments
of principal and interest (SPPI)&rdquo; on the principal amount outstanding. This assessment is referred to as the SPPI test and is performed
at an instrument level.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">The Company&rsquo;s business model for managing financial assets
refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result
from collecting contractual cash flows, selling the financial assets, or both.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">Purchases or sales of financial assets that require delivery
of assets within a time frame established by regulation or convention in the market place (regular way trades) are recognized on the trade
date, i.e., the date that the Company commits to purchase or sell the asset.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><I>Subsequent measurement</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">For purposes of subsequent measurement, financial assets are
classified as: financial assets at amortized cost or financial assets at fair value through profit or loss. There is no financial assets
designated as fair value through OCI.</P>

<P STYLE="color: #365F91; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><I>Financial assets at amortized cost</I></P>

<P STYLE="color: #365F91; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">The Company measures financial assets at amortized cost if both
of the following conditions are met:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&bull; The financial asset is held within a business model with
the objective to hold financial assets in order to collect contractual cash flows, and</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&bull; The contractual terms of the financial asset give rise
on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">Financial assets at amortized cost are subsequently measured
using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognized in the statement of income when
the asset is derecognized, modified or impaired.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><I>Financial assets at fair value through profit
or loss</I></P>

<P STYLE="color: #365F91; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">Financial assets at fair value through profit or loss include
financial assets held for trading, financial assets designated upon initial recognition at fair value through profit or loss, or financial
assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for
the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as
held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments
of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">Financial assets at fair value through profit or loss are carried
in the statement of financial position at fair value with net changes in fair value recognized in the statement of income. This category
includes derivative instruments.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><I>Derecognition</I></P>

<P STYLE="color: #365F91; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">A financial asset (or, where applicable, a part of a financial
asset or part of a group of similar financial assets) is primarily derecognized (i.e., removed from the Company&rsquo;s statement of financial
position) when:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&bull; The rights to receive cash flows from the asset have expired;
or</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&bull; The Company has transferred its rights to receive cash
flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under
a &lsquo;pass-through&rsquo; arrangement; and either (a) the Company has transferred substantially all the risks and rewards of the asset,
or (b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control
of the asset.</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">When the Company has transferred its rights to receive cash flows
from an asset or has entered into a pass-through arrangement, it evaluates if, and to what extent, it has retained the risks and rewards
of ownership. When it has neither transferred nor retained substantially all of the risks and rewards of the asset, nor transferred control
of the asset, the Company continues to recognize the transferred asset to the extent of its continuing involvement. In that case, the
Company also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects
the rights and obligations that the Company has retained.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">Continuing involvement that takes the form of a guarantee over
the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that
the Company could be required to repay.</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><I>&nbsp;</I></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><I>Impairment of financial assets</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">Further disclosures relating to impairment of financial assets
are also provided in the following notes:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&bull; Significant accounting estimates and assumptions &ndash;
Note 3</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&bull; Trade receivables &ndash; Note 7</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">The Company recognizes an allowance for expected credit losses
(ECLs) for all debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual
cash flows due in accordance with the contract and the cash flows the Company expects to receive, discounted at an approximation of the
original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements
that are integral to the contractual terms.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">For trade receivables, the Company applies a simplified approach
in calculating ECLs. Therefore, the Company does not track changes in credit risk, but instead recognizes an allowance for credit losses
based on lifetime ECLs at each reporting date. The Company has established a provision matrix that is based on its historical credit loss
experience, adjusted for forward-looking factors specific to the debtors and the economic environment.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">The Company considers a financial asset to be in default when
internal or external information indicates that the Company is unlikely to receive the outstanding contractual amounts in full before
taking into account any credit enhancements held by the Company. A financial asset is written off when there is no reasonable expectation
of recovering the contractual cash flows.<BR STYLE="clear: both">
</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 14.2pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>ii)</B></FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Financial liabilities</B></FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><I>Initial recognition and measurement</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">Financial liabilities are classified, at initial recognition,
as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging
instruments in an effective hedge, as appropriate.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">All financial liabilities are recognized initially at fair value
and, in the case of loans and borrowings and payables, net of directly attributable transaction costs.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">The Company&rsquo;s financial liabilities include trade payables,
loans and financing and accounts payable to selling shareholders.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><I>Subsequent measurement</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">The measurement of financial liabilities depends on their classification,
as described below:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><I>Financial liabilities at fair value through
profit or loss</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">Financial liabilities at fair value through profit or loss include
financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or
loss.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">Financial liabilities are classified as held for trading if they
are incurred for the purpose of repurchasing in the near term. This category also includes derivative financial instruments entered into
by the Company that are not designated as hedging instruments in hedge relationships as defined by IFRS 9. Gains or losses on liabilities
held for trading are recognized in the statement of income.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">Financial liabilities designated upon initial recognition at
fair value through profit or loss are designated at the initial date of recognition, and only if the criteria in IFRS 9 are satisfied.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><I>Loans and borrowings</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">After initial recognition, interest-bearing loans and borrowings
are subsequently measured at amortized cost using the EIR method. Gains and losses are recognized in the statement of income when the
liabilities are derecognized as well as through the EIR amortization process.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">Amortized cost is calculated by taking into account any discount
or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included as finance expenses
in the statement of income.<BR STYLE="clear: both">
</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><I>Derecognition</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">A financial liability is derecognized when the obligation under
the liability is discharged or cancelled or expires. When an existing financial liability is replaced by another from the same lender
on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is
treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying
amounts is recognized in the statement of income.</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><B>&nbsp;</B></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"><I>Offsetting of financial instruments</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">Financial assets and financial liabilities are offset and the
net amount is reported in the statement of financial position if there is a currently enforceable legal right to offset the recognized
amounts and there is an intention to settle on a net basis, to realize the assets and settle the liabilities simultaneously.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>e) Derivative financial instruments</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company has derivative financial instruments related to cross-currency
interest rate swaps in connection with a loan denominated in Euros. Such derivative financial instruments are initially recognized at
fair value on the date on which a derivative contract is entered into and are subsequently remeasured at fair value. Derivatives are carried
as financial assets when the fair value is positive and as financial liabilities when the fair value is negative.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Any gains or losses arising from changes in the fair value of derivatives
are recorded directly to finance result in the statement of income.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>f) Cash and cash equivalents</B></P>

<P STYLE="font: 9pt EYInterstate Light; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Cash and cash equivalents in the statement of financial position comprise
cash at banks and on hand, and short-term financial investments with an original maturity of three months or less, which are subject to
an insignificant risk of changes in value.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">For the purpose of the statement of cash flows, cash and cash equivalents
consist of cash and short-term financial investments, as they are considered an integral part of the Company&rsquo;s cash management.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>g) Restricted cash</B></P>

<P STYLE="font: 7pt EYInterstate Light; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Restricted cash in the statement of financial position comprise of financial
investments in investment funds that serve as collateral for loan agreements and other commitments.</P>

<P STYLE="color: #C00000; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>h) Inventories</B></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Inventories are valued at the lower of cost and net realizable value. The
costs of inventories are based on the average cost method and include costs incurred in the purchase of inventories and other costs incurred
in bringing them to their current location and condition. Costs of purchased inventory are determined after deducting any discounts and
recoverable taxes.</P>


<!-- Field: Page; Sequence: 188 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>i) Property and equipment</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Property and equipment is stated at cost, net of accumulated depreciation
and accumulated impairment losses, if any.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Subsequent expenditures are capitalized only if it is probable that the
future economic benefits associated with the expenditure will flow to the Company.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Depreciation is calculated on a straight-line basis over the estimated useful
lives of the assets, as follows:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="width: 62%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Building</FONT></TD>
    <TD STYLE="width: 38%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">25 years</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Machinery and equipment</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">10 years</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Vehicles</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">4 years</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Furniture and fixtures</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">10 years</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">IT equipment</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">5 years</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Library books</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">10 years</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Laboratories and clinics</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">10 years</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Leasehold improvements</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">20 years</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><BR STYLE="clear: both">
</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">An item of property and equipment and any significant part initially recognized
is derecognized upon disposal or when no future economic benefit is expected from its use or disposal. Any gain or loss arising on the
derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included
in the statement of income when the asset is derecognized.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The residual values, useful lives and methods of depreciation of property
and equipment are reviewed at each financial year end and adjusted prospectively, if appropriate.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>j) Leases</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Prior to the adoption of IFRS 16, the determination of whether an arrangement
is (or contains) a lease was based on the substance of the arrangement at the inception of the lease. The arrangement is, or contains,
a lease if fulfilment of the arrangement is dependent on the use of a specific asset (or assets) and the arrangement conveys a right to
use the asset (or assets), even if that asset is (or those assets are) not explicitly specified in an arrangement.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">A lease was classified at the inception date as a finance lease or an operating
lease. A lease that transfers substantially all the risks and rewards incidental to ownership to the Company was classified as a finance
lease.<BR STYLE="clear: both">
</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">An operating lease is a lease other than a finance lease. The Company did
not have leases classified as finance lease. Operating lease payments were recognized as an operating expense in the statement of income
on a straight-line basis over the lease term.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">As from January 1, 2019, the determination of whether an arrangement is
(or contains) a lease is based on the substance of the arrangement at the inception of the contract. The arrangement is, or contains,
a lease if fulfilment of the arrangement is dependent on the use of a specific asset (or assets) and the arrangement conveys a right to
use the asset (or assets), even if that asset is (or those assets are) not explicitly specified in an arrangement.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Company as a lessee</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company applies a single recognition and measurement approach for all
leases, except for short-term leases and leases of low-value assets. The Company recognizes lease liabilities to make lease payments and
right-of-use assets representing the right to use the underlying assets.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Right-of-use assets</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company recognizes right-of-use assets at the commencement date of the
lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation
and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of
lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease
incentives received. Unless the Company is reasonably certain to obtain ownership of the leased asset at the end of the lease term, the
recognized right-of-use assets are depreciated on a straight-line basis over the shorter of its estimated useful life and the lease term.
Right-of use assets are subject to impairment.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Lease liabilities</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">At the commencement date of the lease, the Company recognizes lease liabilities
measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance
fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected
to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain
to be exercised by the Company and payments of penalties for terminating a lease, if the lease term reflects the Company exercising the
option to terminate. The variable lease payments that do not depend on an index or a rate are recognized as expense in the period on which
the event or condition that triggers the payment occurs.<BR STYLE="clear: both">
</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">In calculating the present value of lease payments, the Company uses the
incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After
the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments
made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change
in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset.</P>

<P STYLE="color: #C00000; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Short-term leases and leases of low-value assets</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company applies the short-term lease recognition exemption to its short-term
leases of properties (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase
option). It also applies the lease of low-value assets recognition exemption to leases that are considered of low value. Lease payments
on short-term leases and leases of low-value assets are recognized as expense on a straight-line basis over the lease term.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>k) Intangible assets</B></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Intangible assets acquired separately are measured on initial recognition
at cost. The cost of intangible assets acquired in a business combination is their fair value at the date of acquisition. Following initial
recognition, intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses. Internally generated
intangibles are not capitalized and the related expenditure is reflected in the statement of income in the period in which the expenditure
is incurred.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The useful lives of intangible assets are assessed as finite or indefinite.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Intangible assets with finite lives are amortized over the useful economic
life and assessed for impairment whenever there is an indication that the intangible asset may be impaired.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The amortization period and the amortization method for an intangible asset
with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected
pattern of consumption of future economic benefits embodied in the asset are considered to modify the amortization period or method, as
appropriate, and are treated as changes in accounting estimates. The amortization expense on intangible assets with finite lives is recognized
in the statement of income in the expense category that is consistent with the function of the intangible assets.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Intangible assets with indefinite useful lives are not amortized, but are
tested for impairment annually, either individually or at the cash-generating unit level. The assessment of indefinite life is reviewed
annually to determine whether the indefinite life continues to be supportable. If not, the change in useful life from indefinite to finite
is made on a prospective basis.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">An intangible asset is derecognized upon disposal or when no future economic
benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference
between the net disposal proceeds and the carrying amount of the asset) is included in the statement of income.</P>


<!-- Field: Page; Sequence: 191 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>l) Impairment of non-financial assets</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company assesses, at each reporting date, whether there is an indication
that an asset may be impaired. If any indication exists, or when annual impairment testing for an asset is required, the Company estimates
the asset&rsquo;s recoverable amount. An asset&rsquo;s recoverable amount is the higher of an asset&rsquo;s or CGU&rsquo;s fair value
less costs of disposal and its value in use. The recoverable amount is determined for an individual asset, unless the asset does not generate
cash inflows that are largely independent of those from other assets or groups of assets. When the carrying amount of an asset or CGU
exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">In assessing value in use, the estimated future cash flows are discounted
to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks
specific to the asset. In determining fair value less costs of disposal, recent market transactions are taken into account. If no such
transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples, quoted
share prices for publicly traded companies or other available fair value indicators.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company bases its impairment calculation on detailed budgets and forecast
calculations, which are prepared separately for each of the Company&rsquo;s CGUs to which the individual assets are allocated. These budgets
and forecast calculations generally cover a period of five years, considering the companies activities and maturation period of its graduate
and undergraduate courses. A long-term growth rate is calculated and applied to project future cash flows after the last projected year.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">For impairment testing, goodwill acquired through business combinations
and licenses with indefinite useful lives are allocated to their respective CGUs. The Company has defined each of its operating subsidiaries
as a CGU.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Whenever applicable, impairment losses of continuing operations are recognized
in the statement of income in expense categories consistent with the function of the impaired asset.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">For assets excluding goodwill, an assessment is made at each reporting date
to determine whether there is an indication that previously recognized impairment losses no longer exist or have decreased. If such indication
exists, the Company estimates the asset&rsquo;s or CGU&rsquo;s recoverable amount. A previously recognized impairment loss is reversed
only if there has been a change in the assumptions used to determine the asset&rsquo;s recoverable amount since the last impairment loss
was recognized. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount, nor exceed the
carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior years.
Such reversal is recognized in the statement of income.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Goodwill is tested for impairment annually as at December 31 and when circumstances
indicate that the carrying value may be impaired.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Impairment is determined for goodwill by assessing the recoverable amount
of each CGU (or group of CGUs) to which the goodwill relates. When the recoverable amount of the CGU is less than its carrying amount, an impairment loss is recognized.
Impairment losses relating to goodwill cannot be reversed in future periods.</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Intangible assets with indefinite useful lives are tested for impairment
annually as at December 31 at the CGU level, as appropriate, and when circumstances indicate that the carrying value may be impaired.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>m) Investments</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Investments in associates are initially recognized at consideration transferred
and adjusted thereafter for the equity method, being increased or reduced from its interest in the investee's income after the acquisition
date. An associate is an entity over which the Company has significant influence. Significant influence is the power to participate in
the financial and operating policy decisions of the investee, but is not control or joint control over those policies.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>n) Accounts payable to selling shareholders</B></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">These amounts represent liabilities related to the acquisitions made by
the Company which are not yet due. Accounts payable to selling shareholders are presented as current liabilities unless payment is not
due within 12 months after the reporting period. They are recognized initially at their fair value and subsequently measured at amortized
cost using the effective interest method.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>o) Provisions</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Provisions are recognized when the Company has a present obligation (legal
or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required
to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The expense relating to a provision is
presented in the statement of income, net of any reimbursement, when applicable.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>p) Dividends payable</B></P>

<P STYLE="color: #365F91; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company recognizes a liability to pay a dividend when the distribution
is authorized and the distribution is no longer at the discretion of the Company. The distribution is authorized when it is required to
pay a minimum dividend of the net income for the year in accordance with the Brazilian Corporate Law (applicable for Afya Brazil) and
the Company&rsquo;s By-Laws or is approved by the shareholders. A corresponding amount is recognized directly in equity.</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>q) Labor and social obligations</B></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Labor and social obligations are expensed as the related service is provided.
A liability is recognized for the amount expected to be paid if the Company has a present legal or constructive obligation to pay this
amount as a result of past service provided by the employee and the obligation can be estimated reliably.<BR STYLE="clear: both">
</P>


<!-- Field: Page; Sequence: 193 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>r) Share-based payments</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Certain key executives of the Company receive remuneration in the form of
share-based payments, whereby the executives render services as consideration for equity instruments (equity-settled transactions).</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The expense of equity-settled transactions is determined by the fair value
at the date when the grant is made using an appropriate valuation model.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">That expense is recognized in general and administrative expenses, together
with a corresponding increase in equity, over the period in which the service and, where applicable, the performance conditions are fulfilled
(the vesting period). The cumulative expense recognized for equity-settled transactions at each reporting date until the vesting date
reflects the extent to which the vesting period has expired and the Company&rsquo;s best estimate of the number of equity instruments
that will ultimately vest. The expense or credit in the statement of income for a period represents the movement in cumulative expense
recognized as at the beginning and end of that period.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Service and non-market performance conditions are not taken into account
when determining the grant date fair value of awards, but the likelihood of the conditions being met is assessed as part of the Company&rsquo;s
best estimate of the number of equity instruments that will ultimately vest. Market performance conditions are reflected within the grant
date fair value. Any other conditions attached to an award, but without an associated service requirement, are considered to be non-vesting
conditions. Non-vesting conditions are reflected in the fair value of an award and lead to an immediate expensing of an award unless there
are also service and/or performance conditions.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">No expense is recognized for awards that do not ultimately vest because
non-market performance and/or service conditions have not been met. Where awards include a market or non-vesting condition, the transactions
are treated as vested irrespective of whether the market or non-vesting condition is satisfied, provided that all other performance and/or
service conditions are satisfied.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">When the terms of an equity-settled award are modified, the minimum expense
recognized is the grant date fair value of the unmodified award, provided the original vesting terms of the award are met. An additional
expense, measured as at the date of modification, is recognized for any modification that increases the total fair value of the share-based
payment transaction, or is otherwise beneficial to the employee. Where an award is cancelled by the entity or by the counterparty, any
remaining element of the fair value of the award is expensed immediately through the statement of income.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The dilutive effect of outstanding options is reflected as additional share
dilution in the computation of diluted earnings per share.<BR STYLE="clear: both">
</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>s) Revenue from contracts with customers</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Tuition fees and other revenue</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company's revenue consists primarily of tuition fees charged for medical
courses and other courses. The Company also generates revenue from tuition fees for other undergraduate courses, student fees, certain
education-related activities and digital education content.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Revenues are recognized when services are rendered to the customer and the
performance obligation is satisfied.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Revenue from tuitions, digital education content and mobile app subscription
for digital medical content are recognized over time when services are rendered to the customer and the Company satisfies its performance
obligation under the contract at an amount that reflects the consideration to which the Company expects to be entitled in exchange for
those services. Revenues from tuitions are recognized net of scholarships and other discounts, refunds and taxes.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Other revenues are recognized at a point in time when the service is rendered
to the customer at an amount that reflects the consideration to which the Company expects to be entitled in exchange for the service.
Other revenues are presented net of the corresponding discounts, returns and taxes.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Printed books and e-books revenue are transferred at point in time</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Revenue from sale of printed books and e-books are recognized at the point
in time when control of the asset or services is transferred to the customer, generally on delivery of the goods at the customer&rsquo;s
location and permission to access the digital content. The Company considers whether there are other promises in the contract that are
separate performance obligations to which a portion of the transaction price needs to be allocated. In determining the transaction price
for the printed books and e-books, the Company considers the effects of variable consideration, financing component, noncash consideration,
and consideration payable to the customer to be not significant.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company has concluded that it is the principal in its revenue arrangements.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company assesses collectability on a portfolio basis prior to recording
revenue. Generally, students cannot re-enroll for the next academic session without satisfactory resolution of any past-due amounts. If
a student withdraws from an institution, the Company's obligation to issue a refund depends on the refund policy at that institution and
the timing of the student's withdrawal. Generally, the refund obligations are reduced over the course of the academic term.<BR STYLE="clear: both">
</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Trade receivables </I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Trade receivables represent the Company&rsquo;s right to an amount of consideration
that is unconditional (i.e., only the passage of time is required before payment of the consideration is due). Refer to accounting policies
of financial assets in Financial instruments &ndash; initial recognition and subsequent measurement.</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Advances from customers</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Advances from customers (a contract liability) are the obligation to transfer
services to a customer for which the Company has received consideration (or an amount of consideration is due) from the customer, as a
result of pre-paid tuition, digital education content and mobile app subscription for digital medical content received from customers
and is recognized separately in current liabilities, when the payment is received. Advances from customers are recognized as revenue when
the Company performs all obligations related to the contract, generally in the following month.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>t) Taxes</B></P>

<P STYLE="color: #365F91; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="color: #212121; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white">The Company&rsquo;s
subsidiaries joined the PROUNI (<I>Programa Universidade para Todos &ndash; </I>University for All Program) program, which is a federal
program that exempts post-secondary institutions of some federal taxes in exchange for providing a certain number of student enrollment
for low income students, and benefits from the exemption of the following federal taxes:</FONT></P>

<P STYLE="color: #212121; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #212121; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income
taxes and social contribution</FONT></P>

<P STYLE="color: #212121; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PIS
and COFINS</FONT></P>

<P STYLE="color: #212121; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #212121; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white">The regulation of
PROUNI defines that the revenue from traditional and technological graduation activities is exempt from PIS and COFINS. For income from
other teaching activities, PIS and COFINS are charged at rates of 0.65% and 3.00%, respectively, and for non-teaching activities, PIS
is charged at a rate of 1.65% and to COFINS at 7.6%.</FONT></P>

<P STYLE="color: #212121; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal"><I>Current
income taxes</I></FONT></P>

<P STYLE="color: #212121; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #212121; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white">Current income taxes
were calculated based on the criteria established by the Normative Instruction of the Brazilian Internal Revenue Service, specifically
regarding the PROUNI program, which allows exemption of these taxes from traditional and technological graduation activities.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Current income tax assets and liabilities are measured at the amount expected
to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted
or substantively enacted at the reporting date.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Management periodically evaluates positions taken in the tax returns with
respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.<BR STYLE="clear: both">
</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>2.4 Changes in accounting policies and disclosures</B></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>New standards, interpretations and amendments adopted
by the Company</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 21.3pt; text-indent: -21.3pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>Amendments to IFRS 16 Covid-19 Related Rent Concessions</I></B></P>

<P STYLE="font: 9pt EYInterstate-BoldItalic,sans-serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On May 28, 2020, the IASB issued Covid-19-Related Rent Concessions - amendment
to IFRS 16 Leases. The amendments provide relief to lessees from applying IFRS 16 guidance on lease modification accounting for rent concessions
arising as a direct consequence of the Covid-19 pandemic. As a practical expedient, a lessee may elect not to assess whether a Covid-19
related rent concession from a lessor is a lease modification. A lessee that makes this election accounts for any change in lease payments
resulting from the Covid-19 related rent concession the same way it would account for the change under IFRS 16, if the change were not
a lease modification.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The other new amendments and interpretations were applied for the first
time in 2020, but did not have a significant impact on the consolidated financial statements of the Company.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">3</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Significant accounting estimates and assumptions</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The preparation of the Company&rsquo;s consolidated financial statements
requires management to make judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities,
and the accompanying disclosures. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment
to the carrying amount of assets or liabilities affected in future periods. Accounting estimates and judgments are continually evaluated
and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under
the circumstances. Revisions to estimates are recognized prospectively.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Other disclosures relating to the Company&rsquo;s exposure to risks and
uncertainties includes:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Capital management &ndash; Note 14</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Financial instruments risk management objectives and policies &ndash; Note
12.4</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Sensitivity analyses disclosures &ndash; Note 12.4.1</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Estimates and assumptions</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The key assumptions about the future and other key sources of estimated
uncertainty as of the reporting date that include a significant risk of a material adjustment to the carrying amounts of assets and liabilities
within the next financial year, are described below. The Company based its assumptions and estimates on parameters available when the
consolidated financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change
due to market changes or circumstances that arise and that are beyond the Company&rsquo;s control. Such changes are reflected in the assumptions
where they occur.</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Identification and fair-value measurement of assets and
liabilities acquired in a business combination</I></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Business combinations are accounted for using the acquisition method. Such
method requires recognizing and measuring the identifiable assets acquired, the liabilities assumed and any non-controlling interest in
the acquiree. The Company, as the acquirer, must classify or designate the identifiable assets and liabilities assumed on the basis of
its own contractual terms, economic conditions, operating and accounting policies and other relevant conditions as at the acquisition
date. Such assessment requires judgments from the Company on the methods used to determine the fair value of the assets acquired and liabilities
assumed, including valuation techniques that may require prospective financial information inputs.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Impairment of non-financial assets</I></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Impairment exists when the carrying value of an asset or cash generating
unit (&ldquo;CGU&rdquo;) or group of CGUs exceeds its recoverable amount, defined as the higher of its fair value less costs of disposal
and its value in use. The fair value less costs of disposal calculation is based on data available from binding sales transactions, conducted
at arm&rsquo;s length, for similar assets or observable market prices less incremental costs of disposing of the asset. The value in use
calculation is based on a discounted cash flow model (&ldquo;DCF&rdquo; model). The cash flows are derived from the budget for the next
five years and do not include restructuring activities to which the Company has not yet committed or significant future investments that
will enhance the performance of the assets of the CGU being tested. The recoverable amount is sensitive to the discount rate used for
the DCF model as well as to expected future cash-inflows and the growth rate used for extrapolation purposes.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">These estimates are most relevant to goodwill and indefinite lived intangible
assets recognized by the Company. The key assumptions used to determine the recoverable amount for each CGU, including a sensitivity analysis,
are disclosed and further explained in Note 11.</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Share-based compensation</I></P>

<P STYLE="color: #C00000; font: 7pt Arial, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Estimating fair value for share-based payment transactions requires determination
of the most appropriate valuation model, which depends on the terms and conditions of the grant. This estimate also requires determination
of the most appropriate inputs to the valuation model including the expected life of the share option or appreciation right, volatility
and dividend yield and making assumptions about them. For the measurement of the fair value of equity-settled transactions, the Company
uses the Binomial model. As disclosed in Note 15 (b) the Company had stock plans that were fully exercised on July 31, 2019, for which
the Monte Carlo and Black &amp; Scholes pricing model were used for the Afya Brazil and Guardaya plans, respectively. The assumptions
and models used for estimating fair value for share-based payment transactions are disclosed in Note 15 (b).</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Leases - Estimating the incremental borrowing rate</I></P>

<P STYLE="color: #263238; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company cannot readily determine the interest rate implicit in the lease,
therefore, it uses its incremental borrowing rate (IBR) to measure lease liabilities. The IBR is the rate of interest that the Company
would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of&nbsp; a similar
value to the right-of-use asset in a similar economic environment. The IBR therefore reflects what the Company &lsquo;would have to pay&rsquo;,
which requires estimation when no observable rates are available (such as for subsidiaries that do not enter into financing transactions)
or when they need to be adjusted to reflect the terms and conditions of the lease (for example, when leases are not in the subsidiary&rsquo;s
functional currency).<BR>
<BR>
</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company estimates the IBR using observable inputs (such as market interest
rates) when available and is required to make certain entity-specific estimates.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">4</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Segment information</FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: bold 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">As a result of the corporate reorganization described
in Note&nbsp;1 which occurred on March&nbsp;29, 2019, the Company has two reportable segments, as follows:</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Education Services Segment (Business Unit 1), which provides educational services
through undergraduate and graduate courses related to medicine, other health sciences and other undergraduate programs; and</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 21.3pt; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Digital Content, Residency Preparatory and Specialization Programs
Segment (Business Unit 2), which provides digital and printed medical content services, including online courses for residency preparatory,
medical and other than medical post-graduate specialization programs and mobile app subscription for digital medical content.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 21.3pt; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">No operating segments have been aggregated to form
the above reportable operating segments. There is only one geographic region and the results are monitored and evaluated as a single business.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Segment information is presented consistently with
the internal reports provided to the Company's Chief Executive Officer (CEO), which is the Chief Operating Decision Maker (CODM) and is
responsible for allocating resources, assessing the performance of the Company's operating segments, and making the Company's strategic
decisions.</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The following table presents assets and liabilities
information for the Company's operating segments as of December 31, 2020:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; width: 27%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 13%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Business Unit 1</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 13%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Business Unit 2</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total reportable segments</B></FONT></TD>
    <TD STYLE="width: 17%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Elimination (inter-segment transactions) </B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>As of December 31, 2020</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Total assets</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>4,541,988</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>251,220</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>4,793,208</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(115)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;4,793,093 </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Current assets</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,280,342</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">125,274</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,405,616</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(115)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;1,405,501 </FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Non-current assets</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,261,646</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">125,946</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,387,592</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;3,387,592 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total liabilities and equity</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>4,541,988 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>251,220 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>4,793,208 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;(115)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;4,793,093 </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;Current liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;522,522 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;66,972 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;589,494 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;(115)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;589,379 </FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;Non-current liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;1,261,894 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;108,040 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;1,369,934 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;-&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;1,369,934 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Equity</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;2,757,572 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;76,208 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;2,833,780</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;-&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;2,833,780</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; width: 28%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Business Unit 1</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Business Unit 2</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total reportable segments</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Elimination (inter-segment transactions)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>As of December 31, 2020</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Other disclosures</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Investments in associate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">51,410</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">51,410</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">51,410</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Capital expenditures (*)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">82,916</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">26,565</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">109,481</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">109,481</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white">(*) Capital expenditures consider the
acquisitions of property and equipment and intangible assets.</FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The following table presents statements of income for the Company's operating
segments for the year ended December 31, 2020:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; width: 27%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 13%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Business Unit 1</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 13%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Business Unit 2</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total reportable segments</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Elimination (inter-segment transactions)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 15%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">External costumer</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,002,461</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">198,730</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,201,191</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,201,191 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Inter-segment</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,619</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,619</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,619)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Net revenue</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1,002,461</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>200,349</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1,202,810</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(1,619)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1,201,191</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Cost of services</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(381,964)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(54,309)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(436,273)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,619</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(434,654)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Gross profit</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>620,497</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>146,040</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>766,537</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>766,537</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">General and administrative expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(402,855)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Other expenses, net</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(347)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Operating profit</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>363,335</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Finance income</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">62,290</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Finance expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(98,269)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Share of income of associate</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">7,698</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Income before income taxes</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>335,054</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Income taxes expense</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(27,067)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Net income</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B></B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>307,987</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 200 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The following table presents assets and liabilities
information for the Company's operating segments as of December 31, 2019:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; width: 29%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Business Unit 1</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Business Unit 2</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total reportable segments</B></FONT></TD>
    <TD STYLE="width: 17%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Elimination (inter-segment transactions)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 15%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>As of December 31, 2019</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total assets</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2,714,161</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>199,285</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2,913,446</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(993)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2,912,453</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;Current assets</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,026,857</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">85,901</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,112,758</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(993)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;1,111,765 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;Non-current assets</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,687,304</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">113,384</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,800,688</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;1,800,688 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total liabilities and equity</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2,714,161</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>199,285</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;<B>2,913,446</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(993)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;<B>2,912,453</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;Current liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;312,303 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">21,919</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;334,222 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(993)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;333,229 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;Non-current liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;360,005 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">105,493</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;465,498 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;465,498 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Equity</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;2,041,853 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">71,873</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;2,113,726 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;2,113,726 </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; width: 31%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; width: 14%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Unit 1</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; width: 11%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Unit 2</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; width: 19%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total reportable segments</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; width: 16%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Elimination (inter-segment transactions)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>As of December 31, 2019</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Other disclosures</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Investments in associate</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">45,634</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">45,634</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">45,634</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Capital expenditures (*)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">167,427</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">8,282</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">175,709</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">175,709</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white"><FONT STYLE="background-color: white">(*) Capital
expenditures consider the acquisitions of property and equipment and intangible assets, including the acquisition of IPEC licenses in
the amount of R$ 108,000 (R$ 54,000 paid and included in the acquisition of intangible assets in the cash flows used in investing activities)
as described in Note&nbsp;11.</FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The following table presents statements of income for the Company's operating
segments for the year ended December 31, 2019:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; width: 38%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Unit 1</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 13%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Unit 2</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total reportable segments</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Adjustments and eliminations *</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 13%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total</B>&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">External costumer</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">653,760</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;96,870 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;750,630 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">750,630</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Inter-segment</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,880</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,880</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,880)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Net revenue</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>653,760</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>100,750</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>754,510</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(3,880)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>750,630</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Cost of services</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(279,066)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(33,667)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(312,733)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,880</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(308,853)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Gross profit</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>374,694</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>67,083</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>441,777</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>441,777</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">General and administrative expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(239,120)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Other income, net</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,594</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Operating profit</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>205,251</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Finance income</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">51,689</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Finance expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(72,365)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Share of income of associate</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,362</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Income before income taxes</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>186,937</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Income taxes expense</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(14,175)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Net income</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>172,762</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal; background-color: white">(*)
These eliminations are related to sale transactions from Medcel to other entities in Business Unit 1.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 201 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">Seasonality of operations</P>

<P STYLE="font: bold 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">Business Unit 1's
tuition revenues do not have significant fluctuations during the year.</FONT></P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">Business Unit 2's
sales are concentrated in the first and last quarter of the year, as a result of enrollments at the beginning of the year. The majority
of Business Unit 2's revenues is derived from printed books and e-books, which are recognized at the point in time when control is transferred
to the customer. Consequently, Business Unit 2 generally has higher revenues and results of operations in the first and last quarter of
the year compared to the second and third quarters of the year.</FONT></P>

<P STYLE="font: 14pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">5</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Business combinations</FONT></TD></TR></TABLE>

<P STYLE="color: #365F91; font: 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">5.1 Acquisitions in 2020</P>

<P STYLE="font: 11pt/10.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt/10.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The preliminary
fair values of the identifiable assets acquired and liabilities assumed as of each acquisition date were:</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: -0.25in"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 38%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>UniRedentor*</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>UniSL**</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>PEBMED</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>FESAR</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>FCMPB</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>MedPhone</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Assets</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Cash and cash and equivalents</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">11,796</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,245</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,119</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,236</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">60</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Trade receivables </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,800</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">21,567</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">7,984</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">8,148</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Inventories</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">467</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Recoverable taxes</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">822</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Other assets</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,486</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">7,251</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">161</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">42</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">123</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">9</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Indemnification assets</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">710</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">12,645</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">12,350</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">6,871</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Right-of-use assets</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">10,265</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">42,062</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">865</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">23,663</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Property and equipment</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,207</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">19,144</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">391</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">23,176</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">962</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Intangible assets</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">142,399</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">314,097</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">60,372</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">167,106</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">264,782</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,727</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>176,666</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>421,300</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>83,242</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>201,431</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>297,778</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>3,796</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Trade payables</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(746)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,554)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(9,024)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(143)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(173)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Loans and financing</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(16,187)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(58,541)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,087)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(10,265)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(42,062)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(865)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(23,663)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Labor and social obligations</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(4,471)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(8,070)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,786)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,801)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,832)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Taxes payable </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(850)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(5,779)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,210)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(29)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(5)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(2)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Provision for legal proceedings</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(710)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(12,645)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(12,350)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(6,871)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Advances from customers</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(10,994)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(6,084)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(9,312)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(759)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,781)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Notes payable</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(80,526)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Other liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(14,754)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(228)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(44,223)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(232,015)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(34,547)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(10,690)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(29,454)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(230)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total identifiable net assets at fair value</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>132,443</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>189,285</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>48,695</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>190,741</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>268,324</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>3,566</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #0D0E00">Preliminary goodwill arising on acquisition</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">77,662</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,420</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">84,175</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">71,664</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">110,483</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,843</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Purchase consideration transferred</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>210,105</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>193,705</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>132,870</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>262,405</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>378,807</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>6,409</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Cash paid</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">114,607</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">141,065</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">115,339</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">260,836</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">189,913</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">6,373</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Payable in installments</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">95,498</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">52,640</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,569</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">188,894</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">36</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Paid in Afya Brazil&rsquo;s shares</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">17,531</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B><I>Analysis of cash flows on acquisition:</I></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Transaction costs (included in cash flows from operating activities)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,380)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,666)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(613)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(2,047)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(721)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(158)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Cash paid, net of cash acquired with the subsidiary (included in cash flows from investing activities) </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(102,811)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(137,820)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(114,220)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(256,600)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(189,813)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(6,313)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 7.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Net of cash flow on acquisition </B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(104,191)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(139,486)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(114,833)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(258,647)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(190,534)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(6,471)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #263238; font: 8pt/83% Arial, Helvetica, Sans-Serif; margin: 0 0 0 53.3pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: #0D0E00; margin: 0; text-indent: 0">*During the measurement period, the
preliminary goodwill for the acquisition of UniRedentor was adjusted to R$77,662 (R$90,282 initial goodwill) as a result of an increase
of intangible assets from R$134,281 to R$142,399 and a purchase price consideration adjustment of R$ 4,503.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0D0E00; text-indent: 0">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0D0E00; text-indent: 0"><FONT STYLE="background-color: white">**During
the measurement period, the preliminary goodwill for the acquisition of UniSL was adjusted to R$4,422 (R$53,192 previously disclosed)
as a result of (i) a purchase consideration decrease of R$7,816 and (ii) adjustments increasing intangible assets of R$ 40,961 and
a decrease in property and equipment
of R$7.</font></P>


<!-- Field: Page; Sequence: 202 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/83% Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0; color: #C00000; text-indent: 0"><B>(a) Acquisition
of UniRedentor</B></P>

<P STYLE="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0; color: #C00000; text-indent: 0"><B>&nbsp;</B></P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">On January 31, 2020, Afya Brazil acquired 100% of the share capital
of UniRedentor. The original purchase price of R$214,608, was adjusted by R$4,503 and was comprised by: i) R$114,607 paid in cash on the
acquisition date; and ii) R$100,000 is payable in five equal installments from January 2021 to July 2024, adjusted by the CDI rate. The
purchase consideration adjustment of R$4,503 will be deducted from the first installment due in January 2021.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">UniRedentor is a post-secondary education institution with governmental
authorization to offer on-campus, undergraduate degrees and graduate programs in medicine and health, as well as other courses, in the
State of Rio de Janeiro. The acquisition contributed with 112 medical school seats, with a potential 44 additional medical school seats
subject to the approval by MEC and is in line with the Company&rsquo;s strategy to focus on medical education, including medical school.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">The acquisition of UniRedentor was accounted for under IFRS 3 &ndash;
Business Combinations.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt/83% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">Transaction costs to date amount to R$1,380 and were expensed and are
included in general and administrative expenses in the consolidated statement of income.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 6pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">At the acquisition date, the fair value of the trade receivables acquired
equals its carrying amount. Afya Brazil measured the acquired lease liabilities using the present value of the remaining lease payments
at the date of acquisition. The right-of-use assets were measured at an amount equal to the lease liabilities and adjusted to reflect
the unfavorable terms of the lease relative to market terms.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">The goodwill recognized includes the value of expected synergies arising
from the acquisition, which is not separately recognized. Goodwill is allocated entirely to Business Unit 1 segment. The preliminary goodwill
recognized is not expected to be deductible for income taxes purposes.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">The Company has not yet finalized the valuation
of all identifiable assets acquired and liabilities assumed in the business combination of UniRedentor and therefore some of these amounts
are preliminary. These amounts may be adjusted when the valuations are finalized.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">The valuation techniques used for measuring the fair value of separately
identified intangible assets acquired were as follows:</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border: black 1pt solid; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif"><B>Intangible assets acquired</B></FONT></TD>
    <TD STYLE="width: 75%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 83%"><FONT STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif"><B>Valuation technique</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 83%"><B>Licenses</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0"><B>With-and-without method</B></P>
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0">The with-and-without method consists of estimating the fair value
    of an asset by the difference between the value of this asset in two scenarios: a scenario considering the existence of the asset in question
    and another considering its non-existence.</P></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 83%"><B>Customer relationships</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 12pt 0 14pt"><B>Multi-period excess earnings method</B></P>
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0">The method considers the present value of net cash flows expected
    to be generated by customer relationships, by excluding any cash flows related to contributory assets.</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/83% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">From  the date of acquisition, this business combination has contributed R$ 10,509 of net revenue and R$ 3,570 of income before income
taxes to the Company. FCMPB was constituted through a spin-off recently in August, 2020 and there is no information before this period
to be presented.</P>


<!-- Field: Page; Sequence: 203 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; color: #C00000; margin: 0; text-indent: 0"><B>(b) Acquisition of UniSL</B></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: -0.25in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">On May 5, 2020, Afya Brazil acquired 100% of the total share capital
of UniSL. UniSL is a post-secondary education institution with governmental authorization to offer on-campus, undergraduate courses in
medicine and health, as well as other courses, in the State of Rond&ocirc;nia. UniSL also offers other medical related undergraduate degrees.
The original purchase consideration of R$201,521 was adjusted by R$7,816, of which: (i) 70% is payable in cash on the transaction closing
date, and (ii) 30% is payable in cash in three equal installments through 2023, adjusted by the CDI rate. The purchase consideration adjustment
of R$7,816 will be deducted from the first installment due in May 2021.</P>

<P STYLE="font: 11pt/87% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">The acquisition contributed with 182 medical school seats. There are
100 additional seats still pending approval which, if approved by MEC, will result in a potential additional payment of up to R$80,000,
adjusted by the CDI rate. Such potential additional payment has not been recognized as the approval of additional seats have not yet occurred
and is contingent.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt/87% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">The acquisition of UniSL was accounted for under IFRS 3 &ndash; Business
Combinations.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt/87% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">Transaction costs to date amount to R$1,666 and were expensed and are
included in general and administrative expenses in the consolidated statement of income.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt/87% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">At the acquisition date, the fair value of the trade receivables acquired
equals its carrying amount. Afya Brazil measured the acquired lease liabilities using the present value of the remaining lease payments
at the date of acquisition. The right-of-use assets were measured at an amount equal to the lease liabilities and adjusted to reflect
the unfavorable terms of the lease relative to market terms.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt/87% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">The goodwill recognized includes the value of expected synergies arising
from the acquisition, which is not separately recognized. Goodwill is allocated entirely to Business Unit 1 segment. The preliminary goodwill
recognized is not expected to be deductible for income taxes purposes.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt/87% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">The Company has not yet finalized the valuation of all identifiable
assets acquired and liabilities assumed in the business combination of UniSL and therefore some of these amounts are preliminary. These
amounts may be adjusted when the valuations are finalized.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The valuation techniques used for measuring the fair value of separately
identified intangible assets acquired were as follows:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 25%; border: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 83%"><FONT STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif"><B>Intangible assets acquired</B></FONT></TD>
    <TD STYLE="width: 75%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 83%"><FONT STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif"><B>Valuation technique</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 83%"><B>Licenses</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0"><B>With-and-without method</B></P>
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0">The with-and-without method consists of estimating the fair value
    of an asset by the difference between the value of this asset in two scenarios: a scenario considering the existence of the asset in question
    and another considering its non-existence.</P></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 83%"><B>Customer relationships</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 12pt 0 14pt"><B>Multi-period excess earnings method</B></P>
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0">The method considers the present value of net cash flows expected
    to be generated by customer relationships, by excluding any cash flows related to contributory assets.</P></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 204 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">From the date of acquisition, UniSL has contributed
R$ 113,894 of net revenue and R$ 30,648 to the income before income taxes to the Company. If the acquisition had taken place at the beginning
of the period, net revenue for 2020 would have been increased by R$ 57,477 and income before income taxes for 2020 would have been increased
by R$ 9,455.</P>

<P STYLE="color: #C00000; font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0 0 0 53.3pt; text-indent: -0.25in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/83% Arial, Helvetica, Sans-Serif; color: #C00000; margin: 0; text-indent: 0"><B>(c) Acquisition
of PEBMED</B></P>

<P STYLE="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0; color: #C00000; text-indent: 0"><B>&nbsp;</B></P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">On July 20, 2020, Afya Brazil acquired 100% of the share capital of
PEBMED. The original purchase price of R$ 132,900 was adjusted by R$ 30 and was comprised by: i) R$115,339 paid in cash on the acquisition
date; and ii) R$ 17,531 was paid with Afya Brazil&rsquo;s shares which were afterwards contributed to the Company in exchange of issuance
of 141,976 of its own shares.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">PEBMED offers content and
clinical tools for healthcare professionals, including web portals and mobile apps. With the integration of PEBMED into our platform,&nbsp;Afya&nbsp;will
continue to expand offerings for the medical professionals now focusing in the interaction with the patient.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 7pt/85% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The acquisition of PEBMED was accounted for under IFRS 3 &ndash; Business
Combinations.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Transaction costs to date amount to R$ 613 and were expensed and are
included in general and administrative expenses in the consolidated statement of income.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 6pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">At the acquisition date, the fair value of the trade receivables acquired
equals its carrying amount. Afya Brazil measured the acquired lease liabilities using the present value of the remaining lease payments
at the date of acquisition. The right-of-use assets were measured at an amount equal to the lease liabilities and adjusted to reflect
the unfavorable terms of the lease relative to market terms.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 6pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The preliminary goodwill recognized includes the value of expected synergies
arising from the acquisition, which is not separately recognized. Goodwill is allocated entirely to Business Unit 2 segment. The preliminary
goodwill recognized is not expected to be deductible for income taxes purposes.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The Company has not yet finalized the valuation
of all identifiable assets acquired and liabilities assumed in the business combination of PEBMED and therefore some of these amounts
are preliminary. These amounts may be adjusted when the valuations are finalized.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The valuation techniques used for measuring the fair value of separately
identified intangible assets acquired were as follows:</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 25%; border: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 83%"><FONT STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif"><B>Intangible assets acquired</B></FONT></TD>
    <TD STYLE="width: 75%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 83%"><FONT STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif"><B>Valuation technique</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><FONT STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; "><B>Trademark</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0 0 14pt 10pt; text-indent: -10pt"><B>Relief from royalty</B></P>
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0">This methodology is based on the market remuneration of the use
    license granted to third parties. The value of the asset is restated by the savings of royalties that the owner would have to own the
    asset. It is necessary to determine a royalty rate that reflects the appropriate remuneration of the asset. The royalty payments, net
    of taxes, are discounted to present value.</P></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 83%"><B>Customer relationships</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 12pt 0 14pt"><B>Multi-period excess earnings method</B></P>
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0">The method considers the present value of net cash flows expected
    to be generated by customer relationships, by excluding any cash flows related to contributory assets.</P></TD></TR>

<TR STYLE="background-color: white">
    <TD STYLE="border-right: Black 1pt solid; vertical-align: top; width: 25%; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 83%"><B>Developed technology intangible assets</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; vertical-align: bottom; width: 75%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 12pt 0 14pt"><B>Replacement cost </B></P>
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0">This methodology is based on the estimated cost of replacing the
    referred asset with a new one (acquisition or reconstruction), adjusted to reflect the losses in value resulting from the physical deterioration
    and the functional and economic obsolescence of that asset.</P></TD></TR>
  </TABLE>
<!-- Field: Page; Sequence: 205 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">From the date of acquisition, this business combination has contributed
R$ 17,535 of net revenue and R$ 3,413 of income before income taxes to the Company. Should the acquisition had taken place at the beginning
of the period, net revenue for 2020 would have been increased by R$ 17,452 and income before income taxes for 2020 would have been decreased
by R$ 1,813.</P>

<P STYLE="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0 0 0 53.3pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt/83% Arial, Helvetica, Sans-Serif; color: #C00000; margin: 0; text-indent: 0"><B>(d) Acquisition
of FESAR</B></P>

<P STYLE="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0; color: #C00000; text-indent: 0"><B>&nbsp;</B></P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On November 3, 2020, Afya Brazil acquired 100% of the share capital of
FESAR. The aggregate purchase price was R$260,836, including the CDI rate adjustment from the signing date and the real state of the
operation, estimated at R$ 17,397, of which 100% was paid in cash on the closing of the operation. The purchase consideration was
adjusted by R$1,569 and was paid on February 25, 2021.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="line-height: 85%">FESAR is a post-secondary education
institution with government authorization to offer on-campus, undergraduate courses in medicine </FONT>and health, as well as other
courses, <FONT STYLE="line-height: 85%">in the State of Par&aacute; and medical course represents 70% of its 2019&rsquo;s net
revenue.</FONT> The acquisition contributed with 120 medical school seats.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/85% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The acquisition of FESAR was accounted for under IFRS 3 &ndash; Business
Combinations.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/83% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Transaction costs to date amount to R$2,047 and were expensed and are
included in general and administrative expenses in the consolidated statement of income.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 6pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">At the acquisition date, the fair value of the trade receivables acquired
equals its carrying amount.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The preliminary goodwill recognized includes the value of expected synergies
arising from the acquisition, which is not separately recognized. Goodwill is allocated entirely to Business Unit 1 segment. The preliminary
goodwill recognized is not expected to be deductible for income taxes purposes.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company has not yet finalized the valuation
of all identifiable assets acquired and liabilities assumed in the business combination of FESAR and therefore some of these amounts are
preliminary. These amounts may be adjusted when the valuations are finalized.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The valuation techniques used for measuring the fair value of separately
identified intangible assets acquired were as follows:</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 25%; border: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 83%"><FONT STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif"><B>Intangible assets acquired</B></FONT></TD>
    <TD STYLE="width: 75%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 83%"><FONT STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif"><B>Valuation technique</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 83%"><B>Licenses</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0"><B>With-and-without method</B></P>
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0">The with-and-without method consists of estimating the fair value
    of an asset by the difference between the value of this asset in two scenarios: a scenario considering the existence of the asset in question
    and another considering its non-existence.</P></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 83%"><B>Customer relationships</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 12pt 0 14pt"><B>Multi-period excess earnings method</B></P>
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0">The method considers the present value of net cash flows expected
    to be generated by customer relationships, by excluding any cash flows related to contributory assets.</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/83% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">From the date of acquisition, this business combination has contributed
R$ 6,280 of net revenue and R$ 3,751 of income before income taxes to the Company. Should the acquisition had taken place at the beginning
of the period, net revenue for 2020 would have been increased by R$ 29,113 and income before income taxes for 2020
would have been increased by R$ 14,918.</P>


<!-- Field: Page; Sequence: 206 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>(e) Acquisition of MedPhone</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; color: #C00000; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On November 4, 2020, Afya Brazil acquired 100% of the share capital
of MedPhone. The net purchase price was R$6,373 of which 100% was paid in cash on the closing of the operation. The purchase price was
adjusted to R$6,409, this price adjustment of R$ 36 was paid on February 2, 2021.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">MedPhone is a clinical decision and leaflet consultation app in Brazil,
that helps physicians, medical students and other healthcare professionals to make faster and more accurate decisions on a daily basis.</P>

<P STYLE="font: 11pt/85% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/85% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The acquisition of MedPhone was accounted for under IFRS 3 &ndash; Business
Combinations.</P>

<P STYLE="font: 11pt/83% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/83% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Transaction costs to date amount to R$158 and were expensed and are
included in general and administrative expenses in the consolidated statement of income.</P>

<P STYLE="font: 11pt/85% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/85% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">There are no trade receivables, right of use assets or lease liabilities
associated with the acquisition of MedPhone.</P>

<P STYLE="font: 11pt/85% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The preliminary goodwill recognized includes the value of expected synergies
arising from the acquisition, which is not separately recognized. Goodwill is allocated entirely to Business Unit 2 segment. The preliminary
goodwill recognized is not expected to be deductible for income taxes purposes.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company has not yet finalized the valuation
of all identifiable assets acquired and liabilities assumed in the business combination of MedPhone and therefore some of these amounts
are preliminary. These amounts may be adjusted when the valuations are finalized.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The valuation techniques used for measuring the fair value of separately
identified intangible assets acquired were as follows:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 25%; border: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 83%"><FONT STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif"><B>Intangible assets acquired</B></FONT></TD>
    <TD STYLE="width: 75%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 83%"><FONT STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif"><B>Valuation technique</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 83%"><B>Trademark</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0 0 14pt 10pt; text-indent: -10pt"><B>Relief from royalty</B></P>
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0">This methodology is based on the market remuneration of the use
    license granted to third parties. The value of the asset is restated by the savings of royalties that the owner would have to own the
    asset. It is necessary to determine a royalty rate that reflects the appropriate remuneration of the asset. The royalty payments, net
    of taxes, are discounted to present value.</P></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 83%"><B>Customer relationships</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 12pt 0 14pt"><B>Multi-period excess earnings method</B></P>
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0">The method considers the present value of net cash flows expected
    to be generated by customer relationships, by excluding any cash flows related to contributory assets.</P></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 83%"><B>Developed technology intangible assets</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 12pt 0 14pt"><B>Replacement cost </B></P>
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0">This methodology is based on the estimated cost of replacing the
    referred asset with a new one (acquisition or reconstruction), adjusted to reflect the losses in value resulting from the physical deterioration
    and the functional and economic obsolescence of that asset.</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/83% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">From the date of acquisition, this business combination has contributed
R$ 49 of net revenue and R$ 57 of loss before income taxes to the Company. Should the acquisition had taken place at the beginning of
the period, net revenue for 2020 would have been increased by R$ 142 and income before income taxes for 2020 would have
been decreased by R$ 46.</P>


<!-- Field: Page; Sequence: 207 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/83% Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt/83% Arial, Helvetica, Sans-Serif; color: #C00000; margin: 0; text-indent: 0"><B>(f) Acquisition
of FCMPB</B></P>

<P STYLE="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0; color: #C00000; text-indent: 0"><B>&nbsp;</B></P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On November 9, 2020, Afya Brazil acquired 100% of the share capital
of FCMPB. The total net purchase price of R$379,913 was adjusted to Rincreased by R$ 142 and income before income taxes for 2020 would have
been decreased by R$ 46.$378,807 and is comprised of (i) R$189,913 paid in cash on the transaction
closing date, and (ii) R$188,894 is payable in cash in four equal installments through 2024, adjusted by the CDI rate.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT >FCMPB is a post-secondary education institution
with government authorization to offer on-campus, undergraduate courses in medicine in the State of Para&iacute;ba and medical course
represents 99% of its 2019&rsquo;s net revenue.</FONT> The acquisition contributed with 157 medical school seats</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/85% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The acquisition of FCMPB was accounted for under IFRS 3 &ndash; Business
Combinations.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/83% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Transaction costs to date amount to R$721 and were expensed and are
included in general and administrative expenses in the consolidated statement of income.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 6pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">At the acquisition date, the fair value of the trade receivables acquired
equals its carrying amount. Afya Brazil measured the acquired lease liabilities using the present value of the remaining lease payments
at the date of acquisition. The right-of-use assets were measured at an amount equal to the lease liabilities and adjusted to reflect
the unfavorable terms of the lease relative to market terms.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The preliminary goodwill recognized includes the value of expected synergies
arising from the acquisition, which is not separately recognized. Goodwill is allocated entirely to Business Unit 1 segment. The preliminary
goodwill recognized is not expected to be deductible for income taxes purposes.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company has not yet finalized the valuation
of all identifiable assets acquired and liabilities assumed in the business combination of FCMPB and therefore some of these amounts are
preliminary. These amounts may be adjusted when the valuations are finalized.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The valuation techniques used for measuring the fair value of separately
identified intangible assets acquired were as follows:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/83% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 25%; border: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 83%"><FONT STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif"><B>Intangible assets acquired</B></FONT></TD>
    <TD STYLE="width: 75%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 83%"><FONT STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif"><B>Valuation technique</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 83%"><B>Licenses</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0"><B>With-and-without method</B></P>
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0">The with-and-without method consists of estimating the fair value
    of an asset by the difference between the value of this asset in two scenarios: a scenario considering the existence of the asset in question
    and another considering its non-existence.</P></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 83%"><B>Customer relationships</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 12pt 0 14pt"><B>Multi-period excess earnings method</B></P>
    <P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0">The method considers the present value of net cash flows expected
    to be generated by customer relationships, by excluding any cash flows related to contributory assets.</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/83% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">From the date of acquisition, this business combination has contributed
R$ 10.509 of net revenue and R$ 3.570 of income before income taxes to the Company. FCMPB was constituted through a spin-off recently
in August, 2020 and there is no information before this period to be presented.</P>


<!-- Field: Page; Sequence: 208 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>5.2 Acquisitions in 2019</B></P>

<P STYLE="font: 8.5pt/10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Guardaya</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 19%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">FASA</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">*</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">IPEMED**</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Assets</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Cash and cash and equivalents</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">1,548</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">3,834</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">307</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Restrict cash</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">5,561</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Trade receivables</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">44,277</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">1,832</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">8,965</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Inventories</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">2,581</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Recoverable taxes</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">280</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Other assets</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">489</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">458</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">3,266</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Right-of-use assets </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">4,556</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">47,789</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">8,800</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Property and equipment</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">1,594</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">22,946</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">3,676</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Investment in associate</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">24,458</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Intangible assets</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">59,977</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">171,511</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">33,039</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">139,760</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">253,931</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">58,053</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Trade payables</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(454)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(1,133)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(4,908)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Loans and financing</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(4,076)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(35,419)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(3,592)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(4,607)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(47,793)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(8,965)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Labor and social obligations</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(1,844)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(5,254)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(1,575)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Taxes payable</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(3,571)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(483)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(26,503)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Provision for legal proceedings</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(680)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(1,684)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(2,008)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Advances from customers</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(3,192)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(607)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Other liabilities</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(4,709)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(460)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(19,941)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(95,418)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(48,158)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Total identifiable net assets at fair value</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">119,819</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">158,513</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">9,895</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Non-controlling interest</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(15,851)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Goodwill arising on acquisition</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">139,294</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">58,903</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">87,647</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Purchase consideration transferred</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">259,113</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">201,565</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">97,542</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Cash paid</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">102,330</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">52,239</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Capital contribution</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">259,113</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Payable in installments</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">99,235</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">45,303</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: bold 9pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><I>&nbsp;</I></P>
    <P STYLE="font: bold 9pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><I>Analysis of cash flows on acquisition:</I></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 7.1pt; font-size: 14pt; text-indent: -7.1pt; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Transaction costs (included in cash flows from operating activities) </FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(482)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(1,887)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(180)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 7.1pt; font-size: 14pt; text-indent: -7.1pt; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Cash paid net of cash acquired with the subsidiary (included in cash flows from investing activities)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">1,548</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(98,496)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(51,932)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 7.1pt; font-size: 14pt; text-indent: -7.1pt; font-weight: bold; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Net of cash flow on acquisition</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1,066</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(100,383)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(52,112)</FONT></TD></TR>
  </TABLE>
<P STYLE="color: #263238; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #263238; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">*During
the measurement period, the purchase consideration for the acquisition of FASA was adjusted by R$3,022 as a result of purchase price adjustments.
Accordingly, goodwill was updated to R$58,903.</FONT></P>

<P STYLE="color: #263238; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">** During
the measurement period of the assets acquired and liabilities assumed at the fair value, the Company has identified R$1,320 of indemnification
assets, related to the acquisition of IPEMED.</FONT></P>

<P STYLE="color: #263238; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="color: #C00000; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">(a) <FONT STYLE="font-size: 11pt">Acquisition
of Guardaya</FONT></P>

<P STYLE="font: 10pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0">In connection with the corporate reorganization, on March 29, 2019,
Afya Brazil merged (i) BR Health, a wholly-owned subsidiary of Crescera that controls Guardaya and is one of Afya Brazil's shareholders;
and (ii) Guardaya which owns 100% of Medcel Editora and CBB Web, resulting in the transfer to Afya Brazil of 100% of Medcel Editora and
CBB Web shares. In connection with the transaction 15% of UEPC's shares were acquired. Afya Brazil issued 378,696 common shares as a consideration
for the interest in BR Health and Guardaya. The fair value of the consideration given was R$ 259,113. This transaction was strategic to
the Company and was accounted for under IFRS 3 &ndash; Business Combinations.</P>

<P STYLE="font: 10pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0">Transaction costs to date amount to R$ 482 and were expensed and
are included in general and administrative expenses in the consolidated statement of income.</P>


<!-- Field: Page; Sequence: 209 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0">The goodwill recognized is primarily attributed to the expected synergies
and other benefits arising from the transaction. The goodwill is not expected to be deductible for income tax purposes.</P>

<P STYLE="font: 10pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0">At the acquisition date, the fair value of the trade receivables
acquired equals its carrying amount. Afya Brazil measured the acquired lease liabilities using the present value of the remaining lease
payments at the date of acquisition. The right-of-use assets were measured at an amount equal to the lease liabilities and adjusted to
reflect the unfavorable terms of the lease relative to market terms.</P>

<P STYLE="font: 10pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0">The valuation techniques used for measuring the fair value of separately
identified intangible assets acquired were as follows:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="border: Black 1pt solid; font: 11pt Times New Roman, Times, Serif; width: 100%; background-color: white">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Intangible assets acquired</B></FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Valuation technique</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border: Black 1pt solid; font: 12pt Arial Unicode MS; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Trademark</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border: Black 1pt solid">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Relief-from-royalty</B></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-right: 0; margin-left: 0">This methodology is based on the
    market remuneration of the use license granted to third parties. The value of the asset is restated by the savings of royalties that the
    owner would have to own the asset. It is necessary to determine a royalty rate that reflects the appropriate remuneration of the asset.
    The royalty payments, net of taxes, are discounted to present value.</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border: Black 1pt solid; font: 12pt Arial Unicode MS; padding-top: 12pt; padding-bottom: 5pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Customer relationships</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border: Black 1pt solid">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-right: 0; margin-left: 0"><B>Multi-period excess earning method</B></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-right: 0; margin-left: 0">The method considers the present
    value of net cash flows expected to be generated by customer relationship, by excluding any cash flows related to contributory assets.</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border: Black 1pt solid; font: 12pt Arial Unicode MS; padding-top: 12pt; padding-bottom: 5pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Educational content</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border: Black 1pt solid">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-right: 0; margin-left: 0"><B>Replacement cost</B></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-right: 0; margin-left: 0">This methodology is based on the
    estimate of the cost of replacing the asset with a new one (acquisition or reconstruction), adjusted to reflect the losses of value resulting
    from the physical deterioration and the economic functional obsolescence of the asset.</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">This business combination
contributed R$ 40,554 of net revenue and R$ 5,786 of income before income taxes to the Company in 2019. If the acquisition had taken place
at the beginning of the period, net revenue for 2019 would have been R$ 75,238 and income before income taxes for 2019 would have been
R$ 21,924.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">(b) Acquisition of FASA</P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">On April&nbsp;3, 2019, Afya Brazil acquired control
of FASA, through the acquisition of 90% of its shares. The purchase price of R$ 201,565 is comprised by: i) R$ 102,330 paid in cash on
the acquisition date; ii)&nbsp;R$ 39,695 payable in April 2020; iii)&nbsp;R$&nbsp;29,770 payable in April 2021; and iv)&nbsp;R$&nbsp;29,770
payable in April 2022, adjusted by the IPCA rate&nbsp;+&nbsp;4.1% per year. This transaction was strategic to the Company and was accounted
for under IFRS 3 &ndash; Business Combinations. There is no contingent consideration associated with the acquisition of FASA.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Transaction costs to date amount to R$ 1,887 and
were expensed and are included in general and administrative expenses in the consolidated statement of income.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>


<!-- Field: Page; Sequence: 210 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">At the acquisition date, the fair value of the
trade receivables acquired equals its carrying amount. The Company measured the acquired lease liabilities using the present value of
the remaining lease payments at the date of acquisition. The right-of-use assets were measured at an amount equal to the lease liabilities
and adjusted to reflect the unfavorable terms of the lease relative to market terms.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The goodwill recognized includes the value of expected
synergies arising from the acquisition, which is not separately recognized. None of the goodwill recognized is expected to be deductible
for income taxes purposes.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The valuation techniques used for measuring the
fair value of separately identified intangible assets acquired were as follows:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="border: Black 1pt solid; font: 11pt Times New Roman, Times, Serif; width: 100%; background-color: white">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Intangible assets acquired</B></FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Valuation technique</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border: Black 1pt solid; font: 12pt Arial Unicode MS; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Licenses</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border: Black 1pt solid">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"><B>With-and-without method</B></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-right: 0; margin-left: 0">The with-and-without method consists
    of estimating the fair value of an asset by the difference between the value of this asset in two scenarios: a scenario considering the
    existence of the asset in question and another considering its non-existence.</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border: Black 1pt solid; font: 12pt Arial Unicode MS; padding-top: 12pt; padding-bottom: 5pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Customer relationships</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border: Black 1pt solid">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-right: 0; margin-left: 0"><B>Multi-period excess earning method</B></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-right: 0; margin-left: 0">The method considers the present
    value of net cash flows expected to be generated by customer relationship, by excluding any cash flows related to contributory assets.</P></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">FASA contributed R$
69,996 of net revenue and R$ 16,501 of income before income taxes to the Company in 2019. If the acquisition had taken place at the beginning
of the period, net revenue for 2019 would have been R$ 90,063 and income before income taxes for 2019 would have been R$ 16,872.</FONT></P>

<P STYLE="font: bold 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #C00000; font: bold 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">(c) Acquisition of IPEMED</P>

<P STYLE="color: #C00000; font: bold 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">On May&nbsp;9, 2019, Afya Brazil acquired
control of IPEMED, through the acquisition of 100% of its shares. IPEMED is a post-secondary education institution with campuses located
in the states of Bahia, Minas Gerais, Rio de Janeiro, S&atilde;o Paulo and in the Distrito Federal. It focuses on medical graduate programs.
The purchase price was R$ 97,542, being: i)&nbsp;R$ 25,000 paid in cash as advance through April 2019; ii)&nbsp;R$ 27,239 paid in cash
on the acquisition date; iii)&nbsp;R$45,303 payable in five annual installments due from February 2020 to February 2024 adjusted by the
Interbank Certificates of Deposit (&quot;CDI&quot;) rate. This transaction was strategic to the Company and was accounted for under IFRS
3 &ndash; Business Combinations. There is no contingent consideration associated with the acquisition of IPEMED.</P>

<P STYLE="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Transaction costs to date amount to R$ 180
and were expensed and are included in general and administrative expenses in the consolidated statement of income.</P>

<P STYLE="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The acquisition was completed recently and
the valuation of property and equipment will be finalized at a later date, and the final allocation of the purchase price is dependent
on a number of factors, including the final evaluation of the fair values of tangible and intangible assets acquired and liabilities assumed
as of the closing date of the transaction.</P>

<P STYLE="font: 12pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>


<!-- Field: Page; Sequence: 211 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">At the acquisition date, the fair value of
the trade receivables acquired equals its carrying amount. The Company measured the acquired lease liabilities using the present value
of the remaining lease payments at the date of acquisition. The right-of- use assets were measured at an amount equal to the lease liabilities
and adjusted to reflect the unfavorable terms of the lease relative to market terms.</P>

<P STYLE="font: 12pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The goodwill recognized includes the value
of expected synergies arising from the acquisition, which is not separately recognized. None of the goodwill recognized is expected to
be deductible for income taxes purposes.</P>

<P STYLE="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The valuation techniques used for measuring
the fair value of separately identified intangible assets acquired were as follows:</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="border: Black 1pt solid; font: 11pt Times New Roman, Times, Serif; width: 100%; background-color: white">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Intangible assets acquired</B></FONT></TD>
    <TD STYLE="border: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Valuation technique</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border: Black 1pt solid; font: 12pt Arial Unicode MS; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Trademark</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border: Black 1pt solid">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Relief-from-royalty</B></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-right: 0; margin-left: 0">This methodology is based on the
    market remuneration of the use license granted to third parties. The value of the asset is restated by the savings of royalties that the
    owner would have to own the asset. And it is necessary to determine a royalty rate that reflects the appropriate remuneration of the asset.
    The royalty payments, net of taxes, are discounted to present value.</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border: Black 1pt solid; font: 12pt Arial Unicode MS; padding-top: 12pt; padding-bottom: 5pt; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Customer relationships</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border: Black 1pt solid">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-right: 0; margin-left: 0"><B>Multi-period excess earning method</B></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-right: 0; margin-left: 0">The method considers the present
    value of net cash flows expected to be generated by customer relationship, by excluding any cash flows related to contributory assets.</P></TD></TR>
  </TABLE>
<P STYLE="color: #365F91; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">IPEMED contributed
R$ 43,244 of net revenue and R$ 10,735 of income before income taxes to the Company in 2019. If the acquisition had taken place at
the beginning of the period, net revenue for 2019 would have been R$ 67,594 and income before income taxes for 2019 would have been
R$ 6,808.</FONT></P>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal"></FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="color: #C00000; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">6</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Cash and cash equivalents</FONT></TD></TR></TABLE>

<P STYLE="color: #365F91; font: bold 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 65%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2020</B></FONT></TD>
    <TD STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: -5.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2019</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Cash and bank deposits</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">57,729</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">13,092</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Cash equivalents (a)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">987,313</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">930,117</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>1,045,042</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>943,209</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Cash equivalents correspond mainly to financial investments in Bank Certificates
of Deposit (&ldquo;CDB&rdquo;) with highly rated financial institutions and investment funds managed by highly rated financial institutions.
As of December 31, 2020, the average interest on these CDB are equivalent to 90.95% of the Interbank Certificates of Deposit (&ldquo;CDI&rdquo;)
(December 31, 2019: 99.2%). These funds are available for immediate use and have insignificant risk of changes in value. Cash equivalents
denominated in U.S. dollars totaled R$70,523 as of December 31, 2020 (December 31, 2019: R$2,529).</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 212 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">7</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Trade receivables</FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 69%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 17%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black; line-height: 115%"><B>2020</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black; line-height: 115%"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">Tuition fees</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">195,318</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">80,156</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">Educational content (a)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">62,931</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">37,154</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">FIES</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">49,425</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">17,789</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">Educational credits</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">11,248</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">9,899</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">Mobile app subscription (b)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">13,526</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">10,476</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">5,005</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>342,924</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>150,003</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">(-) Allowance for doubtful accounts</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">(32,980)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">(14,763)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>309,944</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>135,240</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">Current</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">302,317</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">125,439</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">Non-current</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">7,627</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">9,801</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Related to trade receivables
from sales of printed books, e-books and medical courses through digital platform from Medcel.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Related to trade receivables
from mobile applications subscriptions for digital medical content.</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">As of December 31, 2020 and 2019, the aging of trade receivables was as
follows:</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; width: 65%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 19%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2020</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 16%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Neither past due nor impaired</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">145,076</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">71,095</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Past due</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 7.1pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">1 to 30 days</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">44,365</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">15,042</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 7.1pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">31 to 90 days</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">57,198</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">27,221</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 7.1pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">91 to 180 days</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">51,521</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">20,543</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 7.1pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">More than 180 days</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">44,764</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">16,102</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>342,924</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>150,003</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The changes in the allowance for doubtful accounts for the years ended December
31, 2020, 2019 and 2018, was as follows:</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 63%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>2020</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>2019</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>2018</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Balance at the beginning of the year</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">(14,763)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">(7,537)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">(3,794)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Additions</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">(32,081)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">(15,040)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">(7,714)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Write-offs</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">13,864</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">7,814</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">3,971</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Balance at the end of the year</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>(32,980)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>(14,763)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>(7,537)</B></FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 213 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">8</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Related parties</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The table below summarizes the balances and transactions with related parties:</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2020</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Assets</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Trade receivables (a)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">174</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">557</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Related parties (b)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">421</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>595</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>557</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Current</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">174</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">557</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Non-current</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">421</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Other income</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2020</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2019</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2018</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; width: 53%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">IESVAP (c)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">252</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">IPTAN (c)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">882</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">UEPC (a)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">104</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">557</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>104</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>557</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>1,134</B></FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Lease </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">RVL Esteves Gest&atilde;o Imobili&aacute;ria S.A.</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">11,288</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">10,417</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">9,655</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">UNIVA&Ccedil;O Patrimonial Ltda.</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2,915</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2,816</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2,625</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">IESVAP Patrimonial Ltda.</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">3,470</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2,609</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">1,274</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>17,673</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>15,842</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>13,554</B></FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    </TR>
  </TABLE>
<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(a)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Refers to sales of educational content from Medcel to UEPC
recorded in trade receivables</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(b)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Amounts to be reimbursed by the shareholders
to Afya Brazil, mainly related to payments of legal cost and advisory services recorded in other assets.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(c)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: black">Refers to share services and corporate expenses provided by
Afya Brazil to IPTAN and IESVAP for the periods prior to their acquisition on April 26, 2018 recorded in the consolidated statements of
income.</FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Lease agreements with RVL Esteves Gest&atilde;o Imobili&aacute;ria
S.A.</I></P>

<P STYLE="color: #C00000; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Afya Brazil has entered into lease agreements with RVL Esteves Gest&atilde;o
Imobili&aacute;ria S.A. (&ldquo;RVL&rdquo;), an entity controlled by the shareholder Nicolau Carvalho Esteves and of which Mr. Renato
Esteves is an executive officer, as described below:</P>

<P STYLE="color: #C00000; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">On June 21, 2016, RVL entered into lease agreements (as
amended on April 26, 2018) with ITPAC &ndash; Instituto Tocantinense Presidente Ant&ocirc;nio Carlos S.A., or ITPAC, and Itpac Porto Nacional
&ndash; Instituto Tocantinense Presidente Antonio Carlos Porto S.A., or ITPAC Porto Nacional, pursuant to which RVL Esteves Gest&atilde;o
Imobili&aacute;ria S.A. agreed to lease campuses to ITPAC and ITPAC Porto Nacional in the cities of Aragua&iacute;na and Porto Nacional,
both located in the State of Tocantins. The lease agreements are adjustable in accordance with the provisions of each lease agreement.
The lease agreements are for an initial term of 20 years, and are renewable for an additional 20 years subject to the provisions of each
lease agreement.<BR STYLE="clear: both">
</P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">On November 1, 2016, RVL entered into a lease agreement
with Afya Brazil, pursuant to which RVL agreed to lease to Afya Brazil certain offices located in the city of Nova Lima, State of Minas
Gerais, where Afya Brazil&rsquo;s principal executive offices are located. On February 9, 2019 the agreement was amended to extend lease
terms and adjust the lease amounts, subject to certain discount conditions set forth in the lease agreement and adjustable in accordance
with the provisions of the lease agreement. The lease agreement is for an initial term of five years, and may be renewable for an additional
five years subject to the provisions of the lease agreement.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">On September 6, 2018, RVL entered into a lease agreement
with ITPAC, a subsidiary of Afya Brazil, pursuant to which RVL agreed to lease to ITPAC the new ITPAC campus currently under construction
by RVL in the city of Palmas, State of Tocantins. The lease agreement is for an amount equal to 7.5% of the monthly net revenue of ITPAC
during the prior semester, which will start to become due once the new ITPAC campus becomes operational, subject to the provisions of
the lease agreement. The lease agreement is for an initial term of 20 years, starting on the date the new ITPAC campus becomes operational,
and is renewable for an additional 20 years subject to the provisions of the lease agreement.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On October 30, 2019, RVL entered into a lease agreement with IPTAN, pursuant
to which RVL agreed to lease to IPTAN the new IPTAN medical campus, currently under construction by RVL in the city of Santa In&ecirc;s,
State of Maranh&atilde;o. The lease agreement is for a monthly amount equal to (i) up to June 2020, R$12 and (ii) after June 2020 and
until October 2024, 6.5% of the monthly net revenue of IPTAN assessed during the prior semester, in each case adjustable in accordance
with the provisions of the lease agreement. The lease agreement is for an initial term of 5 years counted from the conclusion of the construction
works, and may be renewable for an additional 5 years subject to the provisions of the lease agreement.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The lease payments in connection with the lease agreements with RVL totaled
R$11,288 and R$10,417 in the years ended December 31, 2020 and 2019, respectively. In the year ended December 31, 2018, the lease expenses
in connection with the lease agreements with RVL totaled R$9,655.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Lease agreement with UNIVA&Ccedil;O Patrimonial Ltda.</I></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On July 14, 2016, UNIVA&Ccedil;O Patrimonial Ltda., an entity controlled
by the shareholder Nicolau Carvalho Esteves and of which Ms. Ros&acirc;ngela Esteves is the chief executive officer, entered into a lease
agreement with UNIVA&Ccedil;O, a subsidiary of Afya Brazil, pursuant to which UNIVA&Ccedil;O Patrimonial Ltda. agreed to lease the UNIVA&Ccedil;O
campus to UNIVA&Ccedil;O, located in the city of Ipatinga, State of Minas Gerais. The lease agreement is adjustable in accordance with
the provisions of the lease agreement. The lease agreement is for an initial term of 20 years, and is renewable for an additional 20 years
subject to the provisions of the lease agreement.The lease payments in connection with this lease agreement totaled R$2,915 and R$2,816
in the years ended December 31, 2020 and 2019, respectively. In the year ended December 31, 2018, the lease expenses in connection with
this lease agreement totaled R$2,625.<BR STYLE="clear: both">
</P>


<!-- Field: Page; Sequence: 215 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Lease agreement with IESVAP Patrimonial Ltda.</I></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On April 25, 2018, IESVAP Patrimonial Ltda., an entity controlled by the
shareholder Nicolau Carvalho Esteves and of which Mr. Renato Esteves is an executive officer, entered into a lease agreement with IESVAP,
a subsidiary of Afya Brazil, pursuant to which IESVAP Patrimonial Ltda. agreed to lease the IESVAP campus to IESVAP located in the city
of Parna&iacute;ba, State of Piau&iacute;. The lease agreement is for an amount equal to 7.5% of the monthly net revenue of IESVAP during
2018. The lease agreement is for an initial term of 20 years, and is renewable for an additional 20 years subject to the provisions of
the lease agreement. The lease payments in connection with this lease agreement totaled R$3,470 and R$2,609 in the years ended December
31, 2020 and 2019, respectively. In the year ended December 31, 2018, the lease expenses in connection with this lease agreement totaled
R$1,274.</P>

<P STYLE="color: #C00000; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Key management personnel compensation</I></P>

<P STYLE="font: 7pt/11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0">Key management personnel compensation included in the Company&rsquo;s
consolidated statement of income comprised the following:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 62%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2020</B></FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2019</B></FONT></TD>
    <TD STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2018</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Short-term employee benefits</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">9,629</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">4,947</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2,681</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Share-based compensation plans</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">23,989</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">13,893</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2,161</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>33,618</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>18,840</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>4,842</B></FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 7pt/11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Compensation of the Company&rsquo;s key management includes short-term employee
benefits comprised by salaries, labor and social charges, and other ordinary short-term employee benefits. The amounts disclosed in the
table are the amounts recognized as an expense in general and administrative expenses during the reporting period related to key management
personnel.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The executive officers participate in share-based compensation plans described
in Note 15 (b).<BR STYLE="clear: both">
</P>


<!-- Field: Page; Sequence: 216 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt/11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">9</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Investment in associate</FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: bold 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">In connection with
the corporate reorganization, described in Note 1 regarding the merger with BR Health, the Company acquired a 30% interest in UEPC, a
medical school located in the Federal District, that offers higher education and post-graduate courses, both in person and long-distance
learning. The Company&rsquo;s interest in UEPC is accounted for using the equity method. The following table illustrates the summarized
financial information of the Company&rsquo;s investment in UEPC:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 68%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>December 31, 2020</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>December 31, 2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Current assets</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">55,413</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">26,762</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Non-current assets</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">82,575</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">77,031</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Current liabilities</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(34,531)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(29,328)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Non-current liabilities</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(76,132)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(66,294)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Equity</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>27,325</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>8,171</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Company&rsquo;s share in equity &ndash; 30%</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">8,227</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2,451</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Goodwill</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">43,183</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">43,183</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Carrying amount of the investment</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>51,410</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>45,634</B></FONT></TD></TR>

<TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Net revenue</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">113,965</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">85,816</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Cost of services</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(55,926)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(39,459)</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">General and administrative expenses</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(27,341)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(29,476)</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Finance result</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(4,882)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(4,121)</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Income before income taxes</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: top; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt; text-indent: 0.15in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>25,816</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>12,760</B></FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Income taxes expenses</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(252)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(2,275)</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Net income for the year</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: top; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>25,564</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>10,485</B></FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Company&rsquo;s share of income for the year</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>7,698</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt double; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2,362</B></FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>December 31, 2020</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>December 31, 2019</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Opening balance</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">45,634</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Acquisition of minority interest (15%) in March 2019</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">24,458</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Acquisition of additional minority interest (15%) in June 2019</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">24,457</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Dividends receivable (included in Other assets)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 10.9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(1,922)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(5,643)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Share of income</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">7,698</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2,362</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Closing balance</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>51,410</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>45,634</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="width: 73%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    </TR>
  </TABLE>
<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The Company tests
at least annually the recoverability of the carrying amount of goodwill and there was no impairment for this goodwill. </FONT></P>


<!-- Field: Page; Sequence: 217 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">10</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Property and equipment</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 24%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Cost</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 7%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Building</B></FONT></TD>
    <TD STYLE="width: 7%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Machinery and equipment</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Lands</B></FONT></TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Vehicles</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Furniture and fixtures</B></FONT></TD>
    <TD STYLE="width: 7%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>IT equipment</B></FONT></TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Library books</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Laboratories and clinics</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Leasehold improvements</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Construction in progress</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Total</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>As of January 1, 2018 </B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>20,135</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>120</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>8,357</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>6,494</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>10,016</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>7,094</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>1,187</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>53,403</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Additions</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">3,226</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">2,770</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">1,023</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">1,728</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">949</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">1,940</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">7,918</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">19,554</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Transfer</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">2,271</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(2,271)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Business combinations</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">7,142</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">62</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">2,517</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">2,021</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">1,873</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">597</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">577</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">3,902</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">18,691</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>As of December 31, 2018</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>30,503</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>2,770</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>182</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>11,897</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>10,243</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>12,838</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>597</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>11,882</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>10,736</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>91,648</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Additions</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">9,838</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">4,235</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">422</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">6,976</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">4,241</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">1,205</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">34</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">4,488</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">25,525</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">56,964</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Transfers</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(525)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(525)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Business combinations</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">3,988</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">103</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">2,565</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">2,035</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">4,096</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">418</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">14,541</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">470</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">28,216</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>As of December 31, 2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>44,329</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>7,005</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>707</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>21,438</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>15,994</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>18,139</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>1,049</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>30,911</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>36,731</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>176,303</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Additions</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">13,806</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">672</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">4,550</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">9,657</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">1,012</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">54,748</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">5,387</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>89,832</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Business combinations</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">6,771</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">8,973</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">5,724</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">508</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">3,061</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">2,493</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">2,473</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">12,787</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">5,090</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>47,880</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Transfer</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">19,148</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">1,395</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">82</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">367</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(1,049)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">23,559</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(43,502)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>As of December 31, 2020</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>25,919</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>68,503</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>13,401</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>1,215</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>29,131</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>28,511</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>21,624</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>122,005</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>3,706</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>314,015</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Depreciation</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>As of January 1, 2018</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(7,810)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(49)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(3,449)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(3,472)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(6,012)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(136)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(20,928)</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Depreciation</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(1,886)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(10)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(812)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(1,017)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(1,003)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(27)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(202)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(4,957)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>As of December 31, 2018</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(9,696)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(59)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(4,261)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(4,489)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(7,015)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(27)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(338)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(25,885)</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Depreciation</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(4,097)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(1,629)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(2,495)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(1,648)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(359)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(1,317)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(11,545)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Disposals</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">447</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">447</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>As of December 31, 2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(13,793)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(59)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(5,890)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(6,537)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(8,663)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(386)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(1,655)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(36,983)</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Depreciation</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(5,065)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(112)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(2,199)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(4,314)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(2,154)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(78)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(2,729)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(16,651)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Transfer</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">(464)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">464</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>As of December 31, 2020</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(19,322)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(171)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(8,089)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(10,851)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(10,817)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(4,384)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>(53,634)</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Net book value</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>As of December 31, 2020</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>25,919</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>49,181</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>13,401</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>1,044</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>21,042</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>17,660</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>10,807</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>117,621</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>3,706</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>260,381</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>As of December 31, 2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>30,536</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>7,005</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>648</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>15,548</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>9,457</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>9,476</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>663</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>29,256</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>36,731</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>139,320</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company assesses, at each reporting date, whether there is an indication
that a property and equipment asset may be impaired. If any indication exists, the Company estimates the asset&rsquo;s recoverable amount.
There were no indications of impairment of property and equipment as of and for the years ended December 31, 2020, 2019 and 2018.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">11</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Intangible assets and goodwill</FONT></TD></TR></TABLE>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; width: 201px; padding-right: 1.45pt; padding-left: 1.45pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 86px; padding-right: 1.45pt; padding-left: 1.45pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Goodwill</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 91px; padding-right: 1.45pt; padding-left: 1.45pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Licenses with indefinite useful life</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 83px; padding-right: 1.45pt; padding-left: 1.45pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Trademarks</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 88px; padding-right: 1.45pt; padding-left: 1.45pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Customer relationships</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 68px; padding-right: 1.45pt; padding-left: 1.45pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Software</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 69px; padding-right: 1.45pt; padding-left: 1.45pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Education content</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Developed technology</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Educational platform and software in progress</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: center; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Cost</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>As of January 1, 2018</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>6,633</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>6,633</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Additions</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,301</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,752</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,053</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Business combinations</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">169,535</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">445,616</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">63,303</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">354</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>

    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">678,808</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>As of December 31, 2018</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>169,535</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>445,616</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>63,303</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>8,288</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1,752</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>688,494</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Additions (i) (ii)</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,030</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">108,000</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,101</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">9,644</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">122,775</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Business combinations</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">285,844</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">150,156</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">32,111</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">62,110</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">17,305</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,845</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">550,371</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>As of December 31, 2019</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>459,409</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>703,772</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>32,111</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>125,413</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>9,389</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>17,305</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>14,241</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1,361,640</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Additions </FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,175</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">15,474</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">19,649</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Disposals</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(460)</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(460)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Business combinations</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">351,247</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">747,498</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">42,903</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">158,126</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,117</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">355</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">484</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,303,730</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>As of December 31, 2020</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>810,656</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1,451,270</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>75,014</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>283,539</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>16,221</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>17,305</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>355</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>30,199</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2,684,559</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Amortization</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>As of January 1, 2018</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(1,904)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(1,904)</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Amortization</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(2,945)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,176)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(4,121)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>As of December 31, 2018</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(2,945)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(3,080)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(6,025)</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Amortization</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,150)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(34,927)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,456)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(4,876)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(868)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(43,277)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>As of December 31, 2019</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(1,150)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(37,872)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(4,536)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(4,876)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(868)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(49,302)</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Amortization</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(2,352)</FONT></TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(47,960)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(2,180)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(2,816)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(32)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(7,367)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(62,707)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Disposals</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">460</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">460</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>As of December 31, 2020</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(3,502)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(85,832)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(6,256)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(7,692)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(32)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(8,235)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(111,549)</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt; line-height: 7.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Net book value</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right; line-height: 7.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>As of December 31, 2020</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>810,656</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1,451,270</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>71,512</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>197,707</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>9,965</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>9,613</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>323</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>21,964</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2,573,010</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 1.45pt; padding-left: 5.9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>As of December 31, 2019</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>459,409</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>703,772</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>30,961</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>87,541</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>4,853</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>12,429</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>13,373</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 1.45pt; padding-left: 1.45pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1,312,338</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic 8pt/9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-style: normal; font-weight: normal">(i)
The amount of R$4,030 added to goodwill relates to adjustments during the measurement period of the business combination of IESP in respect
to amounts to be included as part of the purchase price allocation at acquisition date mainly related to impairment of receivables.</FONT></P>

<P STYLE="font: italic 8pt/9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: italic 8pt/9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-style: normal; font-weight: normal">(ii)
On August 13, 2019, Afya Brazil entered into a purchase agreement with the shareholders
of IPEC for the acquisition of 100% of IPEC. IPEC was a non-operational postsecondary education institution with governmental authorization
to offer on-campus post-secondary undergraduate courses in medicine in the State of Par&aacute;, that commenced its operation in September
2019. Prior to the acquisition date, IPEC has no significant assets and liabilities. The purchase price of R$ 108,000 is comprised of:
i) R$ 54,000 paid in cash on the acquisition date; ii) R$ 54,000 is payable in two equal instalments of R$ 27,000 payable annually from
August 13, 2020 to August 13, 2021, and adjusted by the CDI rate. The instalment due in August 2020 was paid in the total amount of R$28,104.</FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0">Licenses with indefinite useful life include intangible assets acquired
through business combinations. The licenses for medicine and other courses granted by the Ministry of Education (&ldquo;MEC&rdquo;) to
the companies acquired have no expiration date and the Company has determined that these assets have indefinite useful lives.</P>

<P STYLE="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0">For impairment testing goodwill and licenses with indefinite useful
lives acquired through business combinations are allocated to CGUs.</P>

<P STYLE="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0">The Company performed its annual impairment test on December 31, 2020
and 2019.</P>

<P STYLE="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0">The Company tests at least annually the recoverability of the carrying
amount of goodwill and licenses with indefinite useful lives for each CGU. The process of estimating these values involves the use of
assumptions, judgments and estimates of future cash flows that represent the Company's best estimate.</P>

<P STYLE="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">There was no impairment
for goodwill and licenses with indefinite useful lives as of December 31, 2020, 2019 and 2018.</FONT></P>

<P STYLE="color: #365F91; font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 219 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->55<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The carrying amounts
of goodwill and licenses with indefinite useful life by CGU and their value in use and the discount rates used for the impairment assessment
as of December 31, 2020 and 2019 was:</FONT></P>

<P STYLE="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal"></FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="11" STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 9pt; padding-left: 10.9pt; text-align: center; font-size: 9pt; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Carrying amount</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>CGU</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Goodwill</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Licenses with indefinite useful life</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>CGU</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 28%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 10%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 9%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 13%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 11%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 12%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 11%">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2019</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2019</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2019</B></FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">IPTAN</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">17,446</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">17,446</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">57,214</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">57,214</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">126,397</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">110,224</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">IESVAP</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">27,956</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">27,956</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">81,366</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">81,366</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">112,898</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">119,129</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">CCSI</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4,664</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4,664</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">56,737</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">56,737</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">48,411</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">68,354</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">IESP</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">73,838</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">73,838</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">179,693</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">179,693</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">380,410</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">251,364</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">FADEP</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">49,661</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">49,661</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">70,606</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">70,606</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">160,787</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">133,996</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Medcel and CBBW*</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">139,294</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">139,294</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">219,359</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">213,881</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">FASA</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">58,903</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">58,903</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">144,507</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">150,156</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">267,279</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">227,271</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">ESMC</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5,649</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">7,230</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">IPEMED</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">87,647</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">87,647</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">119,227</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">106,924</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">IPEC</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">108,000</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">108,000</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">122,325</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">106,964</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">UniRedentor</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">77,662</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">121,477</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">253,370</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">UniSL</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4,420</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">249,387</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">258,234</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">PEBMED</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">84,175</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">143,328</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">FESAR</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">71,664</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">141,616</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">263,914</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">FCMPB</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">110,483</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">235,018</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">380,682</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Medphone</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2,843</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">6,477</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 5pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">*CBBW as merged by Medcel on May 1, 2020.</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><B>The main assumptions used by the Company to determine
the value in use of the CGUs were:</B></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><I>Student enrollment</I> &ndash; refer to the number of
students that are currently enrolled in each CGU.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Tuition fees</I> &ndash; is the monthly fee charged to students.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Occupancy rate</I> &ndash; the occupancy rate of the medical schools is
the ratio of the number of <I>students effectively enrolled divided by the regulatory capacity in a given period.</I></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Regulatory capacity</I> &ndash; the regulatory capacity is defined by
the number of medical schools seats available per year awarded by MEC, multiplied by the number of years of operations since the seats
were awarded.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Faculty &ndash; </I>refer to the cost with faculty in the CGU, which means
the amount paid to teachers and doctors.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Digital content platform users </I>&ndash; refer to mobile app subscription
and online courses for digital content users.</P>


<!-- Field: Page; Sequence: 220 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->56<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><I>Discount rates:</I> discount rates represent the current
market assessment of the risks specific to the CGU being tested. The pre-tax discount rate applied to cash flow projections is 13.00%
in 2020 (12.60% in 2019).</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0 0 9pt 10.9pt; text-indent: -10.9pt"><B>Significant estimate: impact of possible
changes in key assumptions</B></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">An  increase of 13 basis points in management&rsquo;s estimated discount rate applied to the cash flow projections of each CGU for the
year ended December 31, 2020, or a decrease of 50 basis points on estimated EBITDA would have not resulted in significant impacts on these
financial statements.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 21.3pt; text-indent: -21.3pt">Other intangible assets</P>

<P STYLE="color: #365F91; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 21.3pt; text-indent: -21.3pt"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Intangible assets, other than goodwill and licenses with indefinite useful
lives, are valued separately for each acquisition and are amortized during each useful life. The useful lives and methods of amortization
of other intangibles are reviewed at each financial year end and adjusted prospectively, if appropriate.</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The estimated useful lives of intangible assets are as follows:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="width: 79%; padding-right: -46.15pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Customer relationships &ndash; medicine</FONT></TD>
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">6 years</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: -46.15pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Customer relationships &ndash; other courses</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">4.5 years</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Software license</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">5 years</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Education content</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">3 years</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Trademarks</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">19 - 20 years</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Developed technology</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">5 years</FONT></TD></TR>
  </TABLE>
<P STYLE="color: #365F91; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 21.3pt; text-indent: -21.3pt"><I>&nbsp;</I></P>

<P STYLE="color: #365F91; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 21.3pt; text-indent: -21.3pt"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">For the years ended December 31, 2020, 2019 and 2018, there were no indicatives
that the Company&rsquo;s intangible assets with finite useful lives might be impaired.</P>


<!-- Field: Page; Sequence: 221 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">12</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Financial assets and financial liabilities</FONT></TD></TR></TABLE>

<P STYLE="color: #365F91; font: bold 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">12.1 Financial assets</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 70%; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Financial assets</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2020</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2019</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>At amortized cost</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Cash and cash equivalents</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">1,045,042</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">&nbsp;943,209 </FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Restricted cash</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">2,053</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">16,841 &nbsp;</FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Trade receivables</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">309,944</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">135,240 </FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>1,357,039</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>1,095,290 &nbsp;</B></FONT></TD>
    </TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Current</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">1,347,359</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">&nbsp;1,083,436 </FONT></TD>
    </TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Non-current</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">9,680</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">&nbsp;11,854 </FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">12.2 Financial liabilities</P>

<P STYLE="color: #C00000; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 69%; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%"><B>Financial liabilities</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%"><B>2020</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%"><B>At amortized cost</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%">Trade payables</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">35,743</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">17,628 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%">Loans and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">617,485</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">60,357 </FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%">Lease liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">447,703</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">284,515 &nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%">Accounts payable to selling shareholders</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">518,240</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">300,237 </FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%">Notes payable</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">76,181</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Advances from customers</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">63,839</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">36,860 </FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>1,759,191</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>699,597</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Current</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">467,643</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">262,671 &nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Non-current</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1,291,548</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">436,926</FONT></TD></TR>

<TR STYLE="background-color: White">
    <TD STYLE="width: 69%; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black"><B>Derivatives not designated as hedging instruments</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Cross-currency interest rate swaps</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%">757</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%"><B>757</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Current</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%">757</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Non-current</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black; line-height: 115%">-</FONT></TD></TR>
  </TABLE>
<P STYLE="color: #C00000; font: bold 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Debt instruments at amortized cost include trade receivables and receivables
from related parties. Financial assets at amortized cost also include cash and cash equivalents and restricted cash.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Derivatives not designated as hedging instruments reflect the positive change
in fair value of cross-currency interest rate swaps that are not designated in hedge relationships, but are intended to mitigate the foreign
currency risk for the loan denominated in Euros.</P>

<P STYLE="color: #C00000; font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 222 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">12.2.1 Loans and financing</P>

<P STYLE="color: #C00000; font: bold 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 27%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Financial institution</FONT></TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Currency</FONT></TD>
    <TD STYLE="width: 20%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Interest rate</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Maturity</FONT></TD>
    <TD STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2020</FONT></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2019</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Ita&uacute; Unibanco S.A. (e)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Euro</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">1.01% p.y.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">2020</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">52,959</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Ita&uacute; Unibanco S.A.</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Brazilian real</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">1.22% a 1.26% p.m.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">2020</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 2pt; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">648</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">FINEP (d)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Brazilian real</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">TJLP p.y.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">2027</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">10,864</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">6,750</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">BNDES (c)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Brazilian real</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">10.03% p.y.</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">2024</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">471</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Banco Votorantim (b)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Brazilian real</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">CDI + 1.65% p.y.</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">2021</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">101,785</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Ita&uacute; Unibanco S.A. (a)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Brazilian real</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">CDI + 1.62% p.y.</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">2023</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">504,365</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">617,485</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">60,357</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Current</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">107,162</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">53,607</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Non-current</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">510,323</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">6,750</FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(a)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On October 1, 2020, Afya Brazil entered into a loan with Banco Ita&uacute;
Unibanco S.A. in the amount of R$ 500,000 <FONT STYLE="background-color: white">adjusted by the CDI rate plus</FONT> an interest rate
of 1.62% per year and is repayable in three installments in October 2022, April 2023 and October 2023.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/87% Arial, Helvetica, Sans-Serif; margin: 0; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>On July 3, 2020, Afya Brazil entered into a loan agreement with Banco Votorantim S.A. in the amount of R$ 100,000 adjusted by the
CDI rate plus an interest rate of 1.65% per year and is repayable at maturity on July 5, 2021.</TD></TR></TABLE>

<P STYLE="font: 11pt/87% Arial, Helvetica, Sans-Serif; margin: 0; text-indent: -28.35pt">&nbsp;</P>

<P STYLE="font: 11pt/87% Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.15pt; text-indent: -28.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">&nbsp;</TD>
<TD STYLE="width: 0.5in">(c)</TD><TD>On May 5, 2020, as a result of the acquisition of UniSL, the Company assumed loans agreements BNDES which has an interest rate of
10.03% per year and maturity in 2024.</TD></TR></TABLE>

<P STYLE="font: 11pt/87% Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.15pt; text-indent: -28.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">&nbsp;</TD>
<TD STYLE="width: 0.5in">(d)</TD><TD>On July 23, 2019, Medcel entered into a loan of R$ 16,153 with Financiadora de Estudos e Projetos (&ldquo;FINEP&rdquo;), a governmental
agency focused on financing investments on R&amp;D, which has an interest rate based on TJLP (Long term interest rate), 2019 and maturity
in 2027. The first and second tranches of R$6,734 and R$4,130, respectively, were drawdown in October 2019 and December 2020, respectively,
in order to develop the Medical web series and other digital content. There is no financial covenant related to this agreement. The loan
is guaranteed by bank warranty in the amount of R$ 10,864.</TD></TR></TABLE>

<P STYLE="font: 6pt/87% Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.15pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD>On November 16, 2018, Afya Brazil entered into a euro-denominated loan agreement with Ita&uacute; Unibanco S.A. in the amount of R$
74,980 (equivalent to &euro;17,500). The loan accrues interest at 1.01% per annum and is repayable in three equal installments on November
18, 2019, May 18, 2020 and November 12, 2020. The loan agreement contains a financial covenant requiring Afya Brazil to maintain a Net
Debt to EBITDA ratio less or equal to: 2.2x at end of 2018 and 2019 and 1.8x at the end of 2020. The loan was guaranteed by financial
investments, classified as restricted cash, in the amount of R$14,788 as of December 31, 2019. This loan was repaid on November 12, 2020.<BR>
<BR>
On November 21, 2018, Afya Brazil entered into cross-currency interest
rate swaps in order to mitigate the foreign exchange exposure related to a loan denominated in Euros. The swap agreements are comprised
of derivative assets to swap the foreign exchange exposure (Euros to Brazilian real) and derivative liabilities for the interest rate
swap (1.01% p.y. to 128% of CDI). The swap agreements have three maturities on November 18, 2019, May 18, 2020 and November 12, 2020.</TD></TR></TABLE>

<P STYLE="font: 8pt/87% Arial, Helvetica, Sans-Serif; margin: 0; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt/87% Arial, Helvetica, Sans-Serif; margin: 0"></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->59<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Fair value</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 55%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Cross-currency interest rate swap agreements</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 18%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Principal amount (notional)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2020</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>2019</B></P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Asset position: Euros + 1.01% p.y.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">49,165</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">53,045</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Liability position: 128% of CDI</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(49,165)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(53,802)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Net position &ndash; assets (liabilities)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>(757)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Current assets (liabilities)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(757)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Noncurrent assets (liabilities)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">12.2.2 Leases</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The Company adopted
IFRS 16 using the modified retrospective method of adoption with the date of initial application of January 1, 2019. The Company has lease
contracts for properties. The maturity of the lease contracts generally have lease terms between 5 and 30 years. There are no sublease
and variable payments in-substance lease agreements in the period. </FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">Set out below are the
carrying amounts of right-of-use assets and lease liabilities and the movements during the period:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Right-of-use assets</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Lease liabilities</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">As at January 1, 2019</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">212,360</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">212,360</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Additions</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">19,100</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">19,100</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Business combinations </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">61,145</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">61,365</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Depreciation expense</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(18,330)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Interest expense</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">31,469</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Payments of lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(39,779)</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">As at December 31, 2019</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">274,275</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">284,515</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Additions</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">64,743</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">64,743</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Remeasurement</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">34,161</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">34,161</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Business combinations</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">76,855</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">76,855</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Depreciation expense</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(29,386)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Interest expense</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">44,458</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Payments of lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(55,455)</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Disposals</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(1,574)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(1,574)</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>As at December 31, 2020</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>419,074</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>447,703</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>As at December 31, 2019</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Current</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">22,693</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Non-current</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">274,275</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">261,822</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>As at December 31, 2020</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Current</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">61,976</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Non-current</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">419,074</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">385,727</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="width: 59%">&nbsp;</TD>
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The Company recognized lease expense from short-term
leases and low-value assets of R$ 2,555 for the year ended December 31, 2020 (R$ 4,494 for the year ended December 31, 2019).</P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>


<!-- Field: Page; Sequence: 224 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->60<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">12.2.3 Accounts payable to selling
shareholders</P>

<P STYLE="color: #C00000; font: bold 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 64%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 18%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2020</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 18%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2019</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Acquisition of IESP (a)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">38,771</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">75,450</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Acquisition of FADEP (b)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">18,745</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Acquisition of FASA (c)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">70,356</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">105,306</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Acquisition of IPEMED (d)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">38,622</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">45,646</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Acquisition of IPEC (e)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">28,307</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">55,090</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Acquisition of UniRedentor (f)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">97,773</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Acquisition of UniSL (g)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">53,386</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Acquisition of FCMPB (h)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">189,420</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Acquisition of FESAR (i)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1,569</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Acquisition of MedPhone (j)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">36</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>518,240</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>300,237</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Current</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">188,420</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">131,883</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: black">Non-current</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">329,820</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">168,354</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 55%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 17%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2020</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 16%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 12%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2018</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Opening balance</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">300,237</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt; text-indent: 12.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">177,730</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Cash flows</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(134,518)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(92,688)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Acquisition of IPEC</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">54,000</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Interest</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt; text-indent: 18.1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">13,884</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">17,977</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1,687</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Business combinations</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">343,140</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">144,538</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">176,043</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Compensation of legal proceedings disbursement</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(4,503)</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(1,320)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Closing balance</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>518,240</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>300,237</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 11.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>177,730</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -10.9pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.9pt"><FONT STYLE="background-color: white">(a)</FONT></TD><TD><FONT STYLE="background-color: white">On November 27, 2018, Afya Brazil acquired 80% of IESP and the amounts of (i) R$8,906 was paid
in February 2019, and (ii) R$106,200 is payable in three equal installments of R$35,400, each adjusted by the CDI rate through the payment
date. The first and second installments were paid in November 2019 and 2020, respectively, and the remaining installment is due by the
end of the third year from the transaction closing date.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; background-color: white">(b)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; background-color: white">On December 5, 2018, Afya Brazil acquired 100% of
FADEP and the amount of R$52,846 is payable in three equal installments of R$17,615, each adjusted by the SELIC rate through the payment
date and due semiannually from the transaction closing date. The first installment was paid in June 2019, the second installment was paid
in December 2019, and the last installment was paid in June 2020.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; background-color: white">(c)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; background-color: white">On April 3, 2019, Afya Brazil acquired 90% of FASA
and R$ 39,695 was paid in April 2020, R$ 29,770 is payable in April 2021, and R$ 29,770 is payable in April 2022; each adjusted by the
IPCA rate + 4.1% per year.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.9pt">(d)</TD><TD><FONT STYLE="background-color: white">On May 9, 2019, Afya Brazil acquired 100% of IPEMED and R$ 45,303 is payable in five equal installments
of R$ 9,061, adjusted by the CDI rate, and due annually in February 2020, 2021, 2022, 2023 and 2024.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.9pt">(e)</TD><TD>On August 13, 2019, Afya Brazil acquired 100% of IPEC and R$54,000 was paid in cash on the transaction closing date, and (ii) R$54,000
is payable in two equal installments, adjusted by the CDI rate, and due annually at
the end of the first and the second year from the transaction closing date.</TD></TR></TABLE>


<!-- Field: Page; Sequence: 225 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->61<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 10.9pt"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.9pt"><FONT STYLE="background-color: white">(f)</FONT></TD><TD><FONT STYLE="background-color: white">On January 31, 2020, Afya Brazil acquired 100% of UniRedentor and R$ 114,607 was paid in cash
on the transaction closing date, and the original amount of R$100,000 is payable in five equal installments from January 2021 through
July 2024, adjusted by the CDI rate. The purchase consideration was adjusted by R$4,503 and such amount will be deducted from the first
installment due in January 2021. </FONT></TD></TR></TABLE>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.9pt"><FONT STYLE="background-color: white">(g)</FONT></TD><TD><FONT STYLE="background-color: white">On May 5, 2020, Afya Brazil acquired 100% of UniSL. <FONT STYLE="color: black">The purchase
consideration is R$201,521, of which:</FONT> R$ 141,065 was paid in cash on the transaction closing date, and R$ 60,456 is payable in
three equal installments through May 2023, adjusted by the CDI rate. </FONT>The purchase consideration was adjusted by R$7,816 and such
amount will be deducted from the first installment due in May 2021.</TD></TR></TABLE>

<P STYLE="font: 11pt/87% Arial, Helvetica, Sans-Serif; margin: 0 0 0 7.1pt; text-indent: -28.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.9pt">(h)</TD><TD><FONT STYLE="background-color: white">On November 9, 2020, Afya Brazil acquired 100% of FCMPB. <FONT STYLE="color: black">The net
purchase price </FONT></FONT>of R$379,913 was adjusted to R$378,807<FONT STYLE="color: black; background-color: white">, of which:</FONT>
<FONT STYLE="background-color: white">R$ 189,</FONT>913 <FONT STYLE="background-color: white">was paid in cash on the transaction closing
date, and R$ 188,894 is payable in four installments through November 2024, adjusted by the CDI rate.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/87% Arial, Helvetica, Sans-Serif; margin: 0 0 0 7.1pt; text-indent: -28.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.9pt">(i)</TD><TD>On November 3, 2020, Afya Brazil acquired 100% of the share capital of FESAR. The aggregate purchase price was R$260,836, including
the CDI rate adjustment from the singing and the real state of the operation, estimated at R$ 17,397, of which 100% was paid in cash on
the closing of the operation. The purchase consideration was adjusted by R$1,569 and was paid on February 25, 2021.</TD></TR></TABLE>

<P STYLE="font: 11pt/87% Arial, Helvetica, Sans-Serif; margin: 0 0 0 7.1pt; text-indent: -28.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.9pt">(j)</TD><TD>On November 4, 2020, Afya Brazil acquired 100% of the share capital of MedPhone. The net purchase price was R$6,373 of which 100%
was paid in cash on the closing of the operation. The purchase consideration was adjusted by R$36 and was paid on February 2, 2021.</TD></TR></TABLE>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: -0.25in"><B>&nbsp;</B></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; "><B>12.2.4 Notes payable</B></P>

<P STYLE="color: #C00000; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: -0.25in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white"><FONT STYLE="color: black">With the acquisition
of UniSL, Afya Brazil assumed notes payable regarding the previous acquisition of a portion of the operations of Universidade Luterana
do Brasil (ULBRA) by UniSL in auction by the end of 2018. Two of the UniSL campuses, located in the cities of Ji-Paran&aacute; and Porto
Velho in the State of Rond&ocirc;nia, were acquired in such transaction. As at December 31, 2020, notes payable of R$</FONT> 76,181<FONT STYLE="color: black">,
has a final maturity in 2023 and is adjusted by 100% of IPCA-E.</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Set out below are the carrying amount of notes
payable and the movements during the period:</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 64%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 7%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 29%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Notes payable</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">As at January 1, 2020</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Business combination</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">80,526</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Payments</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(5,974)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Monetary indexation</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1,629</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>As at December 31, 2020</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>76,181</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Current liabilities</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">10,503</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Non-current liabilities</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">65,678</FONT></TD></TR>
  </TABLE>
<P STYLE="color: #C00000; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: -0.25in"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 226 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->62<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="color: #C00000; font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -10.9pt"><B>12.3 Fair values</B></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">The table below is a comparison of the carrying amounts
and fair values of the Company&rsquo;s financial instruments, other than those carrying amounts that are reasonable approximation of fair
values:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2019</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Carrying amount</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Fair value</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Carrying amount</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Fair value</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Financial assets</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Restricted cash</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">2,053</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">2,053</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">16,841</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">16,841</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Trade receivables (non-current)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">7,627</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">7,627</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">9,801</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">9,801</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>9,680</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>9,680</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>26,642</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>26,642</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Financial liabilities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Loans and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">617,485</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">637,723</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">60,357</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">60,443</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Lease liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">447,703</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">447,703</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">284,515</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">284,515</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Accounts payable to selling shareholders</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">518,240</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">518,240</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">300,237</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">300,237</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Notes payable</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">76,181</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">76,181</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Derivatives</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>-</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">757</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">757</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>1,659,609</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>1,679,847</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt double; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>645,866</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>645,952</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="width: 42%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Company assessed that the fair values of cash and cash equivalents,
restricted cash, trade receivables, other assets, trade payables, advances from customers and other liabilities approximate their carrying
amounts largely due to the short-term maturities of these instruments.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Derivatives not designated as hedging instruments are recorded at fair value.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The fair value of interest-bearing borrowings and loans are determined by
using the DCF method using discount rate that reflects the issuer&rsquo;s borrowing rate as at the end of the reporting period. The own
non-performance risk at December 31, 2020 was assessed to be insignificant.</P>

<P STYLE="color: #365F91; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">12.4.Financial instruments risk management
objectives and policies</P>

<P STYLE="color: #365F91; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The Company&rsquo;s
principal financial liabilities, other than derivatives, comprise loans and financing, accounts payable to selling shareholders, trade
payables and advances from customers. The main purpose of these financial liabilities is to finance the Company&rsquo;s operations. The
Company&rsquo;s principal financial assets include trade receivables, cash and cash equivalents and financial investments classified as
restricted cash that derive directly from its operations. The Company has also entered into derivative transactions to protect its exposure
to foreign currency risk.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The Company is exposed
to market risk, credit risk and liquidity risk. The Company monitors market, credit and operational risks in line with the objectives
in capital management and counts with the support, monitoring and oversight of the Board of Directors in decisions related to capital
management and its alignment with the objectives and risks. The Company&rsquo;s policy is that no trading of derivatives for speculative
purposes may be undertaken. The Board of Directors reviews and agrees policies for managing each of these risks, which are summarized
below.</FONT></P>

<P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>


<!-- Field: Page; Sequence: 227 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->63<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">12.4.1 Market risk</P>

<P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">Market risk is the risk
that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. The Company&rsquo;s
exposure to market risk is related to interest rate risk and foreign currency risk.</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The sensitivity analysis
in the following sections relate to the position as at December 31, 2020.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #C00000; font: 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal"><I>(i)</I></FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal"><I>Interest rate risk</I></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">Interest rate risk is
the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates.
The Company&rsquo;s exposure to the risk of changes in market interest rates relates primarily to the Company&rsquo;s cash equivalents
and financial investments classified as restricted cash with floating interest rates and accounts payable to selling shareholders.</FONT></P>

<P STYLE="color: #365F91; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><U>Sensitivity analysis</U></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The following table demonstrates the sensitivity to a reasonably possible
change in the current interest rates on cash equivalents, restricted cash, loans and financing and derivatives and accounts payable to
selling shareholders. With all variables held constant, the Company&rsquo;s income before income taxes is affected through the impact
on floating interest rate, as follows:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Increase / decrease in basis points</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 37%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Balance as of 12/31/2020</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Index &ndash; % per year</B></P></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Base rate</B></P></TD>
    <TD STYLE="width: 7%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>+75</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>-75</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 9%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>+150</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>-150</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Cash equivalents</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">916,790</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">90.95% CDI</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">15,843</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">6,876</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(6,876)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">13,752</FONT></TD>
    <TD STYLE="padding-right: -1.5pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(13,752)</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Restricted cash</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,053</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">76.10% CDI</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">30</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">15</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(15)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">31</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(31)</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Loans and financing</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(10,864)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">TJLP p.y.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(494)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(81)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">81</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(163)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">163</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Loans and financing</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(101,785)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1.65%+100%CDI</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,613)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(763)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">763</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,527)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,527</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Loans and financing</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(504,365)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1.62%+CDI</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(17,754)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,783)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,783</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(7,565)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">7,565</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Accounts payable to selling shareholders</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(447,848)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">CDI</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(8,510)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,359)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,359</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(6,718)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">6,718</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Accounts payable to selling shareholders</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(70,356)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">IPCA+4.1%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(2,894)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(528)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">528</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,055)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,055</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Notes payable</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(76,181)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">IPCA</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,028)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(571)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">571</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1,143)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,143</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #C00000; font: 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal"><I>(ii)</I></FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal"><I>Foreign currency risk</I></FONT></TD></TR></TABLE>

<P STYLE="color: #365F91; font: bold 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Foreign currency risk is the risk that the fair value or future cash flows
of an exposure will fluctuate because of changes in foreign exchange rates. The Company&rsquo;s exposure to the risk of changes in foreign
exchange rates relates to cash and cash equivalents denominated in U.S. dollars in the amount of R$70,523 as of December 31, 2020 (December
31, 2019: R$2,529).</P>


<!-- Field: Page; Sequence: 228 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->64<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><U>Foreign currency sensitivity</U></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The following table
demonstrates the sensitivity in the Company&rsquo;s income before income taxes of a 10% change in the U.S. dollar exchange rate (R$5.1961
to U.S. dollar 1.00) as of December 31, 2020 and 2019, with all other variables held constant. </FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 56%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 17%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Exposure</B></FONT></TD>
    <TD STYLE="width: 3%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>+10%</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 1%; border-top: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>-10%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>As of December 31, 2020</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Cash and cash equivalents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">70,523</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">7,052</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(7,052)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="color: #C00000; font: bold 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">12.4.2 Credit risk</P>

<P STYLE="color: #365F91; font: bold 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.55pt">Credit risk is the risk that a counterparty will
not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit
risk from its operating activities (primarily trade receivables) and from its financing activities, including cash and cash equivalents
and restricted cash.</P>

<P STYLE="font: 8pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.55pt">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.55pt">Customer credit risk is managed by the Company
based on the established policy, procedures and control relating to customer credit risk management. Outstanding customer receivables
are regularly monitored. See Note 7 for additional information on the Company&rsquo;s trade receivables.</P>

<P STYLE="font: 8pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.55pt">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.55pt">Credit risk from balances with banks and financial
institutions is management by the Company&rsquo;s treasury department in accordance with the Company&rsquo;s policy. Investments of surplus
funds are made only with approved counterparties and within limits assigned to each counterparty.</P>

<P STYLE="font: 8pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.55pt">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.55pt">The Company&rsquo;s maximum exposure to credit
risk for the components of the statement of financial position at December 31, 2020 and 2019 is the carrying amounts of its financial
assets.</P>

<P STYLE="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.55pt">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.55pt"><B>12.4.3 Liquidity risk</B></P>

<P STYLE="color: #365F91; font: bold 8pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The Company&rsquo;s
Management has responsibility for monitor liquidity risk. In order to achieve the Company&rsquo;s objective, Management regularly reviews
the risk and maintains appropriate reserves, including bank credit facilities with first tier financial institutions. Management also
continuously monitors projected and actual cash flows and the combination of the maturity profiles of the financial assets and liabilities.</FONT></P>

<P STYLE="font: 8pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The main requirements
for financial resources used by the Company arise from the need to make payments for suppliers, operating expenses, labor and social obligations,
loans and financing and accounts payable to selling shareholders.</FONT></P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0">The tables below summarize the maturity profile of the Company&rsquo;s
financial liabilities based on contractual undiscounted amounts:</P>

<P STYLE="font: 8pt/11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: white">
    <TD STYLE="white-space: nowrap; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>As of December 31, 2020</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Less than 1 year</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>1 to 3 years</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>3 to 5 years</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>More than 5 years</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222"><B>Total</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Trade payables</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">35,743</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">35,743</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: -156pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Loans and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">125,137</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">566,157</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4,010</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">3,094</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">698,398</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: -156pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Lease liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">63,092</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">131,225</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">124,114</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">705,115</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1,023,546</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: -156pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Accounts payable to selling shareholders</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">191,145</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">262,340</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">81,153</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">534,638</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: -156pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Notes payable</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">11,083</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">83,803</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">94,886</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: -156pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Advances from customers</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">63,839</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">63,839</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>490,039</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>1,043,525</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>209,277</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>708,209</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2,451,050</B></FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 229 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->65<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: white">
    <TD STYLE="white-space: nowrap; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>As of December 31, 2019&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Less than 1 year</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>1 to 3 years</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>3 to 5 years</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>More than 5 years</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222"><B>Total</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Trade payables</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">17,628</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">17,628</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: -156pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Loans and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">54,507</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">3,537</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">2,517</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">1,926</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">62,487</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: -156pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Lease liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">44,139</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">81,326</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">76,013</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">502,831</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">704,309</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: -156pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Accounts payable to selling shareholders</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">137,608</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">182,535</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">12,072</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">332,215</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: -156pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Advances from customers</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">36,860</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">36,860</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; padding-right: -156pt; padding-left: 5.4pt; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Derivatives</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">757</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222">757</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 11pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222"><B>291,499</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222"><B>267,398</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222"><B>90,602</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222"><B>504,757</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #222222"><B>1,154,256</B></FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 230 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->66<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; ">12.5 Changes In liabilities arising
from financing activities</P>

<P STYLE="color: #365F91; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>January 1, 2020</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Payments</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Addition / Remeasurement</B></FONT></TD>
    <TD STYLE="width: 7%; border-bottom: Black 1pt solid; padding-right: -3.2pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Interest</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Foreign exchange movement</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Business combination</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Other</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>December 31, 2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">Loans and financing</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">60,357</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">(155,090)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">605,041</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">10,031</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">21,279</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">75,815</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">52</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">617,485</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">Lease liabilities</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">284,515</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">(55,455)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">98,904</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">44,458</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">76,855</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">(1,574)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">447,703</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">Dividends payable</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">(12,984)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">12,984</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Total</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>344,872</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>(223,529)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>716,929</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>54,489</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>21,279</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>152,670</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>(1,522)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>1,065,188</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 1in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>January 1, 2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Payments</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Addition / Remeasurement</B></FONT></TD>
    <TD STYLE="width: 7%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Interest</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: -5.3pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Foreign exchange movement</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Business combination</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Other</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>December 31, 2019</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Loans and financing</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">77,829</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(75,093)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">7,383</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">6,025</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,126</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">43,087</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">60,357</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Lease liabilities</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">212,360</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(39,779)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">19,100</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">31,469</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">61,365</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">284,515</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Dividends payable</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,107</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(51,812)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">51,812</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(4,107)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>294,296</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(166,684)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>78,295</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>37,494</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1,126</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>104,452</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(4,107)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>344,872</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>January 1, 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Payments</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Addition / Remeasurement</B></FONT></TD>
    <TD STYLE="width: 7%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Interest</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: -5.3pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Foreign exchange movement</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Business combination</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Other</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>December 31, 2018</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="text-align: left; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Loans and financing</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,823</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(6,492)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">74,980</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,821</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,697</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">77,829</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Related parties</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">106</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(106)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="text-align: left; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Dividends payable</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">14,888</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(5,845)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(4,936)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,107</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="text-align: left; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>18,817</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(12,443)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>74,980</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,821</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2,697</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(4,936)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>81,936</B></FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 231 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->67<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">13</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Fair value measurement</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The following table
provides the fair value measurement hierarchy of the Company&rsquo;s assets and liabilities as of December 31, 2020 and 2019.</FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Fair value measurement</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 18%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Total</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Quoted prices in active markets (Level 1)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Significant observable inputs (Level 2)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Significant unobservable inputs (Level 3)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">December 31, 2020</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>
    <P STYLE="font: bold 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0in">Assets for which fair values
    are disclosed</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Trade receivable (non-current)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">7,627</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">-</FONT></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">7,627</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">-</FONT></P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Restricted Cash</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">2,053</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">2,053</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Liabilities for which fair values are disclosed</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Loans and financing</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(637,723)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(637,723)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Lease liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(447,703)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(447,703)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Accounts payable to selling shareholders</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(518,240)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">-</FONT></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(518,240)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">-</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Notes payable</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(76,181)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(76,181)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">- </FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">December 31, 2019</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Liabilities measured at fair value:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Derivative financial liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Cross-currency interest rate swaps</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(757)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(757)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Assets for which fair values are disclosed</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">Restricted cash</FONT></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">16,841</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">-</FONT></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">16,841</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">-</FONT></P></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Trade Receivable (non-current)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">9,801</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">-</FONT></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">9,801</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-weight: normal">-</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Liabilities for which fair values are disclosed</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Loans and financing</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(60,443)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(60,443)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Lease liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(284,515)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(284,515)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">Accounts payable to selling shareholders</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(300,237)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">(300,237)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal">-</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">There were no transfers
between Level 1 and Level 2 during 2020 and 2019.<BR STYLE="clear: both">
</FONT></P>


<!-- Field: Page; Sequence: 232 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->68<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">14</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Capital management</FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: bold 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">For the purposes of
the Company&rsquo;s capital management, capital considers total equity. The primary objective of the Company&rsquo;s capital management
is to maximize the shareholder value.</FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The Company manages
its capital structure and makes adjustments in light of changes in economic conditions and to maintain and adjust the capital structure,
the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The Company monitors
capital using net debt and total equity. The Company includes within net debt, loans and financing less cash and cash equivalents and
restricted cash. </FONT></P>

<P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 65%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="width: 17%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2020</B></FONT></TD>
    <TD STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2019</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Loans and financing</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">617,485</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">60,357</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">447,703</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">284,515</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Accounts payable to selling shareholders</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">518,240</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">300,237</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Notes payable</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">76,181</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Less: cash and cash equivalents</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(1,045,042)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(943,209)</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Less: restricted cash</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(2,053)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(16,841)</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Net debt</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>612,514</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>(314,941)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Total equity</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2,833,780</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2,113,726</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Total equity and net debt</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>3,446,294</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>1,798,785</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">No changes were made
in the objectives, policies or processes for managing capital during the years ended December 31, 2020 and 2019.</FONT></P>

<P STYLE="color: #C00000; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">15</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Labor and social obligations</FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: bold 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">a)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Variable compensation (bonuses)</FONT></TD></TR></TABLE>

<P STYLE="font: bold 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The Company recorded
bonuses related to variable compensation of employees and management in cost of services and general and administrative expenses of R$
9,514, R$ 6,871 and R$1,945 for the years ended December 31, 2020, 2019 and 2018, respectively.</FONT></P>

<P STYLE="color: #365F91; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">b)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Share-based compensation plans</FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: bold 9pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 21.3pt; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">b.1) Share-based compensation plans
exercised in 2019</P>

<P STYLE="color: #C00000; font: bold 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The fair value of the
stock options was estimated at the grant date using the Monte Carlo pricing model for Afya Brazil and Black &amp; Scholes pricing model
for the Guardaya&rsquo;s plan, taking into account the terms and conditions on which the stock options were granted. The exercise price
of the stock options granted was monetarily adjusted by the CDI rate. The Company accounted for the stock options plan as an equity-settled
plan.</FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The stock options granted
in June 2018 had the following vesting periods after the grant date: 10% after 90 days, 15% after 12 months, 25% after 24 months, 25%
after 36 months and 25% after 48 months.</FONT></P>

<P STYLE="color: #C00000; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The stock options granted
in February 2019 had the following vesting periods after the grant date: 10% after 90 days, 15% after 15 months, 25% after 27 months,
25% after 39 months and 25% after 51 months.<BR STYLE="clear: both">
</FONT></P>


<!-- Field: Page; Sequence: 233 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->69<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The Guardaya&rsquo;s stock options had the following vesting periods: 10%
after 1 year, 15% after 2 years, 25% after 3 years and 50% after 4 years.</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The stock options vest
immediately at the following liquidity events: (i) an IPO, (ii) changes in the Company&rsquo;s control group; and (iii) sale of Crescera&rsquo;s
interest on Afya Brazil. On July 18, 2019, Afya Limited completed its IPO and the stock options became vested.</FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The following table
list the inputs to the model used to determine the fair value of the stock options:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">05/15/2018</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">02/07/2019</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">03/29/2019*</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">Weighted average fair value at the measurement date</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">R$ 366.16</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">R$ 529.12 </FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">R$ 684.22</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">Dividend yield (%)</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">0.0%</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">0.0%</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">0.0%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">Expected volatility (%)</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">49.5%</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">45.5%</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">43.7%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">Risk-free interest rate (%)</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">7.7%</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">7.6%</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">7.2%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">Expected life of stock options (years)</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">4.0</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">4.0</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">4.0</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">Weighted average share price</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">R$254.13</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">R$ 368.41</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">R$ 213.35</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">Model used</FONT></TD>
    <TD STYLE="text-align: right; padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">Monte Carlo</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">Monte Carlo</FONT></TD>
    <TD STYLE="padding-right: -5.15pt; padding-left: 5.4pt; font-size: 14pt; text-indent: 0in; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">Black &amp; Scholes </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="width: 46%">&nbsp;</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">*After the corporate
reorganization described in Note 1, the options originally granted under the Guardaya&rsquo;s plan granted on August 10, 2018 were remeasured
at fair value and included in Afya Brazil&rsquo;s plan with no changes to the previous terms and conditions other than the shares subject
to such options granted and, consequently, the number of stock and exercise price of the shares as per the share exchange ratio applied
on the corporate reorganization.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The stock options became
vested immediately as a result of the IPO mentioned in Note 1 and was fully exercised on July 31,2019 at Afya Limited.The share-based
compensation expense recognized in general and administrative expenses in the statement of income for the year ended December 31, 2019
related to these stock option plans was R$ 7,074 (R$ 2,161 for the year ended December 31, 2018).</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">In September, 2019,
as a result of the IPO mentioned in Note 1, the Company had a capital increase through the issuance of 1,842,428 Class A common shares
in the amount of R$ 17,627 related to the exercise of the stock options.<BR STYLE="clear: both">
</FONT></P>


<!-- Field: Page; Sequence: 234 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->70<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The following table
illustrates the number and movements in stock options during the periods:</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 38%; padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 31%; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Number of stock options (i) &ndash; 2019</B></FONT></TD>
    <TD STYLE="width: 30%; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Number of stock options (i) &ndash; 2018</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Outstanding at January 1</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">1,291,248 </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Granted</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">293,860 </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">1,434,720</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Forfeited</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;-&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Addition of Guardaya&rsquo;s plan</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">257,320 </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Exercised</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(1,842,428)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(143,472)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Expired</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Outstanding at December 31</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>1,291,248</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">(i)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">The number of common shares outstanding
from Afya Brazil was retrospectively adjusted in the proportion of 1:28 due to the contribution of the shareholders of Afya Brazil into
Afya in a one-to-28 exchange for the shares of Afya Brazil contributed to Afya, which did not result in changes on the arrangements of
the plans.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">b.2) Afya Limited share-based compensation
plan</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The stock options plan
approved on August 30, 2019 as a result of the IPO will govern the issuance of equity incentive awards with respect to Company&rsquo;s
Class A common shares. On September 2, 2019 and September 25, 2019, the Company granted 2,306,213 and 58,000 stock options, respectively.
The fair value of the stock options was estimated at the grant date using the Binomial pricing model, taking into account the terms and
conditions on which the stock options were granted. The Company accounts for the stock options plan as an equity-settled plan.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The stock options will
vest in five installments of 20% per year, starting on May 1 of the year following the date of execution of the option agreement with
each beneficiary.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">On March 19, 2020, 230,000 additional stock
options were granted, with an exercise price of US$19.00 each. These stock options will vest in four annual installments, representing
each, respectively, 25% of the total stock options granted to such option holder.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On July 29, 2020, the board of directors approved a change in the strike
price of the current share-based compensation plan. The strike price is now measured in Brazilian Reais (where the Company&rsquo;s operations
are located and valuated) adjusted by CDI rate instead of U.S. dollar adjusted by T-Bond. Furthermore, the first tranche had its vesting
period extended from May 2020 to May 2021, including one year lock-up period after the vesting period. This change was assessed as a modification
by the Company and was accounted in accordance with IFRS 2.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">As result, the expense related to the share-based payment of the Company
reflects the cost of the original award at grant date over the vesting period plus the incremental fair value of the repriced options
at modification date (R$11.53 average per option, in Brazilian Reais) over the vesting period of the options.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 235 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->71<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On August 17, 2020, 127,000 additional stock options were granted, with
an exercise price of R$74 and R$122 (in Brazilian Reais). These stock options will vest in 3 to 5 annual installments.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On November 26, 2020, 115,000 additional stock options were granted, with
an exercise price of R$126 (in Brazilian Reais). These stock options will vest in 5 annual installments.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">On December 16, 2020,
5,220 additional stock options were granted, with an exercise price of R$97 (in Brazilian Reais). These stock options will vest in 1 annual
installment.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The share-based compensation
expense, including the incremental fair value as result of the modification, recognized in general and administrative expenses in the
statement of income for the year ended December 31, 2020 was R$ 32,610 (December 31, 2019: R$ 11,040).</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The following table
illustrates the number and movements in stock options during the period:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Weighted average exercise price (in Reais)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Number of stock options</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2020</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: #365F91 1pt solid; padding-left: 0.1in; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2019</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="width: 38%; padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Outstanding at January 1</FONT></TD>
    <TD STYLE="vertical-align: top; width: 31%; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">74.53</FONT></TD>
    <TD STYLE="vertical-align: top; width: 17%; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2,364,214</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 14%; padding-left: 0.1in; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Granted</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">94.55</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">477,220</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 0.1in; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2,364,214</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Forfeited</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">74.57</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(274,359)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 0.1in; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Exercised</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">96.20</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(56,092)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 0.1in; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Expired</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-left: 0.1in; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-left: 9.35pt; font-size: 10pt; text-indent: -9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Outstanding at December 31</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>78.22</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 2.9pt; padding-left: 2.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2,510,983</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1.5pt double; padding-left: 0.1in; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2,364,214</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The following table list the inputs to the
model used to determine the original fair value of the stock options granted in March 2020 and September 2019:</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 407px; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>March 2020</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>September 2019</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Strike price at the measurement date</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">US$ 19.00</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">US$ 19.00</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Dividend yield (%)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">0.0%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">0.0%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Expected volatility (%)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">39.7%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">38.9%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Risk-free interest rate (%)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">0.8%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1.4%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Expected life of stock options (years)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.0</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5.0</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Share price at the measurement date</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">US$ 16.30</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">US$ 21.90</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Model used</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Binomial</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Binomial</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Weighted average fair value at the measurement date</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">US$ 3.94</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">US$ 6.55</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">On July 29, 2020 the stock options plans granted
in September 2019 and March 2020 was remeasured considering the new strike price in Brazilian Reais. The strike price was previously measured
at US$ 19.00 adjusted by T-Bond rates. The average incremental fair value, as result of the modification, was R$ 15.94 per option. The
following table list the inputs to the model used to determine the incremental fair value of the stock options as result of the modification:</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 58%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Modified plan</B></FONT></TD>
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Original plan (*)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Strike price at the measurement date</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">R$ 74.38</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">R$ 99.09</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Dividend yield (%)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">0.0%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">0.0%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Expected volatility (%)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">41% - 76%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">42% - 76%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Risk-free interest rate (%)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2.0% - 4.9%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">0.2% - 0.4%</FONT></TD></TR>

<TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="width: 58%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Expected life of stock options (years)</FONT></TD>
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1 &ndash; 4</FONT></TD>
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1 &ndash; 4</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Share price at the measurement date</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">R$ 133.68</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">R$ 133.68</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Model used</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Binomial</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Binomial</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Weighted average fair value at the measurement date</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">R$ 69.54</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">R$ 57.12</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">(*) The strike price of the original plan was based in U.S. dollars.</P>

<!-- Field: Page; Sequence: 236 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->72<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The following table list the inputs to the
model used to determine the fair value of the stock options granted on August 17,2020, November 26, 2020 and December 16, 2020, which
has been granted in line with the modified plan on July 29, 2020:</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>August 2020</B></FONT></TD>
    <TD STYLE="width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>November 2020</B></FONT></TD>
    <TD STYLE="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>December 2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Strike price at the measurement date</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">R$74 &ndash; R$122</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">R$126</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">R$97</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Dividend yield (%)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">0.0%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">0.0%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">0.0%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Expected volatility (%)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">41% - 75%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">40% - 69%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">69%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Risk-free interest rate (%)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2.2% - 6.1%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2.2% - 6.9%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">0.9%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Expected life of stock options (years)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1 &ndash; 5</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1 &ndash; 5</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Share price at the measurement date</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">R$ 136</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">145.15</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">R$ 119.78</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Model used</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Binomial</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Binomial</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Binomial</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Weighted average fair value at the measurement date</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">R$ 67.12</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">R$ 56.43</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">R$ 40.38</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">16</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Equity</FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: bold 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">a. Share capital</P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white">As of December 31, 2020, the Company&rsquo;s
share capital was R$ 17 (R$ 17 as of December 31, 2019) comprised by 93,146,731 shares (45,112,416 class A common shares and 48,034,315
class B common shares) and 89,744,275 shares as of December 31, 2019 (<FONT STYLE="color: #0D0E00">31,814,690 class A common shares and
57,929,585 class B common shares</FONT>).</FONT></P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white">In 2020, the Company issued 3,260,480
of the Class A common shares through the public equity offering, as described in Note 1. In addition, on July 20, 2020, the Company's
additional paid in capital was increased by R$17,531 in connection with issuance of 141,976 Class A common shares as described in </FONT>Note
5.1(c).</P>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white"></FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt">&nbsp;&nbsp;</P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">b. Afya Brazil</P>

<P STYLE="color: #C00000; font: bold 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Prior to the completion of Afya&rsquo;s IPO in
July 2019, Afya Brazil was the predecessor of Afya. As such, the consolidated financial statements reflect the operating results of Afya
Brazil prior to the reorganization. As of December 31, 2018, Afya Brazil&rsquo;s share capital was R$ 315,000 represented by 1,443,541
shares, comprised of 1,411,895 common shares, 26,523 Class A preferred shares and 5,123 Class B preferred shares.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Common shares were the only class of shares with
voting rights.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Class A preferred shares had the following characteristics:
(i) do not grant voting rights at the shareholders meetings; (ii) the right to receive an amount, as dividend, per share equal to 17.7
times the amount received per common share; and (iii) were convertible into common shares at the ratio of 1 preferred share for 17.7 common
shares in the situations described in the Shareholders Agreement.</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Class B preferred shares had no voting rights and
had priority in capital reimbursement in case of liquidation of the Company, with no premium. Class B preferred shares were convertible
into common shares at the ratio of 1 Class B preferred share for 1 common share, in certain situations.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">On April 26, 2018, the shareholders approved a
capital increases of (i) R$55,000 through the issuance of 124,994 common shares; and (ii) R$ 11,670 through the issuance of 26,523 Class
A preferred shares.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">On August 31, 2018, the Board of Directors approved
a capital increase of R$1,304 through the issuance of 5,123 Class B preferred shares.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">On December 4, 2018, the shareholders approved
a capital increase of R$99,999 through the issuance of 137,298 common shares.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">On December 31, 2018, the shareholders approved
a capital increase of R$ 80,541 with earnings reserves and retained earnings without an issuance of new shares.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">On March 8, 2019, the shareholders of Afya Brazil
approved a renounce of dividends for the year ended December 31, 2016 of R$4,107; and an increase of capital through the issuance of 37,200
common shares, in the amount of R$ 0.01, subscribed entirely by the shareholders BR Health and certain members of the Esteves Family.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">On March 12, 2019, the shareholders of Afya Brazil
approved amongst other matters: (i) the change in its legal name to Afya Participa&ccedil;&otilde;es S.A.; (ii) a capital increase through
the issuance of 156,337 common shares, in the amount of R$ 150,000, subscribed entirely by BR Health; and (iii) the propose to repurchase
160,000 common shares issued by the Company, at the acquisition price of R$ 206.25 per share, in the total amount of R$33,001, all held
by the shareholder Nicolau Carvalho Esteves. The Company's common shares object of the repurchase approved were immediately canceled by
the Company, without reduction of its share capital.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">On March 29, 2019, Afya Brazil issued 378,696 common
shares to the shareholders of BR Health and Guardaya, and had a capital increase of R$ 122,062 and an additional paid-in capital of R$
137,051.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">In June 2019, Afya Brazil&rsquo;s shareholders
approved an increase of capital through the issuance of 157,202 common shares in exchange of the acquisitions of FASA, IESP and Univa&ccedil;o
minority interests, in the total amount of R$ 24,310.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">On June 18, 2019, the shareholders of Afya Brazil
approved an increase of capital through the issuance of 27,211 common shares in exchange of the acquisition of an addition 15% interest
at UEPC, in the total amount of R$ 24,458, subscribed entirely by the shareholder Bozano Educacional II Fundo de Investimento em Participa&ccedil;&otilde;es
Multiestrat&eacute;gia.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">In addition to the capital increase related to
the acquisition of the non-controlling interests of FASA, IESP and Univa&ccedil;o and the interest in UEPC, the Company had an additional
paid-in capital of R$ 36,358.</P>


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    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="color: #C00000; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">c. Dividends (Afya Brazil)</P>

<P STYLE="color: #365F91; font: bold 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On March 8, 2019, the shareholders of Afya Brazil approved the cancellation
of dividends for the year ended December 31, 2016 of R$4,107.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">On June 13, 2019, Afya
Brazil approved the payment of interim dividends totaling R$ 38,000 to Afya Brazil shareholders of record on June 13, 2019. The dividend
amount was determined based on the Afya Brazil&rsquo;s net income for the five months ended May 31, 2019 and were paid on September 26,
2019. Afya and its public shareholders were not entitled to receive such dividends.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">In 2020, CCSI and IESVAP
approved the payment of interim dividends totaling R$12,984 of which R$8,392 and R$4,592 was distributed to IESVAP and CCSI&rsquo;s non-controlling
shareholders, respectively. The dividends were already paid.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -10.9pt"><B>d. Buy-back program</B></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -10.9pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On December 23, 2020, the Company announced that its Board of
Directors has approved a share buy-back program. Under the share buyback program, Afya may repurchase up to 1,015,844 of its
outstanding Class A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions,
over a period beginning on December 24, 2020 continuing until the earlier of the completion of the repurchase or December 31, 2021,
depending upon market conditions.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The share buy-back program will take place in accordance with the conditions
established by the Board of Directors. Afya intends to repurchase the shares to execute the Stock Option Program for the executives of
the Company. Afya&rsquo;s Board of Directors will review the share buy-back program periodically and may authorize adjustments to its
terms and size or suspend or discontinue the program. Afya expects to utilize its existing funds to fund the repurchase of its shares.
As of the issuance date of these financial statements and during the first months of 2021, the Company had repurchased 521,117 shares
at the weighted average price of R$ 124.15 (in Brazilian Reais) or US$ 22.51.</P>

<P STYLE="font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">17</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Earnings per share (EPS)</FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: bold 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Basic EPS is calculated by dividing net income attributable to the equity
holders of the Company by the weighted average number of common and preferred shares outstanding during the year.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Diluted EPS is calculated by dividing net income attributable to the equity
holders of the parent by the weighted average number of common shares outstanding during the year plus the weighted average number of
shares that would be issued on conversion of all potential shares with dilutive effects.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Diluted earnings per share are computed including stock options granted
to key management using the treasury shares method when the effect is dilutive. The Company has the stock option plan in the category
of potentially dilutive shares.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The following table reflects the net income and share data used in the basic
and diluted EPS calculations:</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 53%; padding-right: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 19%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 0.5in; text-align: right; text-indent: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2020</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2018*</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Numerator</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Net income attributable to equity holders of the parent</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">292,075</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">153,916</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">86,353</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Denominator</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.6pt; text-align: justify; text-indent: -8.6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Weighted average number of outstanding shares</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">92,683,848</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">75,969,797</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">46,936,064</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Effects of dilution from stock options</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">951,920</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">221,846</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">840,700</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 7.1pt; text-align: justify; line-height: 115%; text-indent: -7.1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Weighted average number of outstanding shares adjusted for the effect of dilution</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">93,635,768</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">76,191,643</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">47,776,764</P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Basic earnings per share (R$)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">3.15</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;2.03 </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1.84</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Diluted earnings per share (R$)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">3.12</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;2.02 </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1.81</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">* Considers the effects
from the contribution of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya Brazil contributed to
Afya.</FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">18</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Revenue</FONT></TD></TR></TABLE>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The Company&rsquo;s
net revenue is as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 58%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2020</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 12%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2018</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.25pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Tuition fees(*)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">1,388,735</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">856,561</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">385,784</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.25pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">99,817</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">43,116</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">4,414</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.25pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Deductions</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.25pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">&nbsp;&nbsp;Granted discounts</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(89,017)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(43,767)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(11,104)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.25pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">&nbsp;&nbsp;Early payment discounts</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(29,299)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(8,523)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(3,189)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.25pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">&nbsp;&nbsp;Returns</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(11,437)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(7,462)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(1,801)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.25pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">&nbsp;&nbsp;Taxes</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(49,629)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(28,157)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(24,239)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.25pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">&nbsp;&nbsp;PROUNI</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(107,979)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(61,138)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(15,930)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.25pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Net revenue from contracts with customers</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>1,201,191</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>750,630</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>333,935</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.25pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Timing of revenue recognition of net revenue from contracts with customers</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.25pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Tuition, digital content and app subscription fees - Transferred over time</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">1,128,558</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">713,827</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">331,045</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.25pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Other - Transferred at a point in time</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">72,633</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">36,803</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">2,890</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">(*) As mentioned in Note
1, the Company assessed, in connection with the social distancing requirements, whether it has satisfied all performance obligations of
its contracts with customers, according to IFRS15, and concluded it was necessary to defer a portion of it&rsquo;s net revenues in the
second semester of 2020. As result, R$2,361 of net revenue were deferred to the first semester of 2021 and recorded in advances from customers.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The Company&rsquo;s
revenues from contracts with customers are all in Brazil. The Company is not subject to the payment of the social integration program
tax (Programa de Integra&ccedil;&atilde;o Social, or PIS) and the social contribution on revenues tax (Contribui&ccedil;&atilde;o para
o Financiamento da Seguridade Social, or COFINS) on the sale of undergraduation degrees under the PROUNI program.</FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The following table
presents statements of income for the Company&rsquo;s operating segments for the years ended December 31, 2020 and 2019:</FONT></P>


<!-- Field: Page; Sequence: 240 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->76<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">Revenue by segment</P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 38%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Segments &ndash; December 31, 2020</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Business Unit 1</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Business Unit 2</B></FONT></TD>
    <TD STYLE="width: 18%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Elimination (inter-segment transactions)</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Types of services or goods</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>1,002,461</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>200,349</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>(1,619)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>1,201,191</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Tuition fees</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">997,055</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">107,197</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1,104,252</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5,406</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">93,152</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(1,619)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">96,939</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Timing of revenue recognition</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>1,002,461</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>200,349</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>(1,619)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>1,201,191</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Transferred over time</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">997,055</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">131,503</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1,128,558</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Transferred at a point in time</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5,406</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">68,846</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(1,619)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">72,633</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 39%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Segments &ndash; December 31, 2019</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Business Unit 1</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Business Unit 2</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 17%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Elimination (inter-segment transactions)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Types of services or goods</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>653,760</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>100,750</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>(3,880)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>750,630</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Tuition fees</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">648,957</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">60,195</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">709,152</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4,803</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">40,555</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(3,880)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">41,478</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Timing of revenue recognition</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>653,760</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>100,750</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>(3,880)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>750,630</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Transferred over time</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">648,957</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">64,870</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">713,827</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Transferred at a point in time</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4,803</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">35,880</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(3,880)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">36,803</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">19</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Expenses and cost by nature</FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 54%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 17%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2020</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2019</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2018</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Cost of services</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(434,654)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(308,853)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(168,052)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">General and administrative expenses</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(402,855)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(239,120)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(70,034)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Total</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>(837,509)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>(547,973)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>(238,086)</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Payroll</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(446,473)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(324,252) </FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(156,623)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Hospital and medical agreements</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(37,988)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(16,429) </FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(10,209)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Depreciation and amortization</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(108,744)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(73,152) </FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(9,078)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Rent</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(2,555)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(4,494)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(20,302)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Commercial expenses</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(1,488)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(1,363) </FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(362)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Utilities</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(5,892)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(6,628) </FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(2,701)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Maintenance</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(20,746)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(8,658) </FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(2,373)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Share-based compensation</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(32,610)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(18,114)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(2,161)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Tax expenses</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(5,326)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(2,696)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(828)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Pedagogical services</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(24,037)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(6,271)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(4,212)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Sales and marketing</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(16,873)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(11,603)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(3,532)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Allowance for doubtful accounts</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(32,081)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(15,040)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(7,714)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Travel expenses</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(4,550)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(7,054)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(1,816)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Consulting fees</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(31,276)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(13,060)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(7,245)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(66,870)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(39,159)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(8,930)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>(837,509)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>(547,973)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>(238,086)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>


<!-- Field: Page; Sequence: 241 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->77<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">20</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Finance result</FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 56%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2020</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 5.6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 14%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2018</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Income from financial investments</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">24,479</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">25,965</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4,680</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Changes in fair value of derivative instruments</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 0.3pt; text-align: right; text-indent: -0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">20,739</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1,219</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Interest received</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 0.3pt; text-align: right; text-indent: -0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">11,876</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">9,680</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4,364</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Foreign exchange differences</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 0.3pt; text-align: right; text-indent: -0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">13,321</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5,196</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2,723</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">165</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Finance income</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>62,290</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>51,689</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>10,428</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Change in fair value of derivative instruments</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(1,780)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(213,234,234)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Interest expense</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(25,543)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(24,002)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(2,404)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Interest expense on lease liabilities</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(44,458)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(31,469)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Financial discounts granted</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(8,081)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(923)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(1,063)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Bank fees</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(6,333)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(2,876)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(1,219)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Foreign exchange differences</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(4,613)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(2,697)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">IOF taxes (taxes on financial transactions)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(1,661)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(6,801)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(355)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(7,580)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(4,514)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(416)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Finance expenses</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>(98,269)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>(72,365)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>(8,154)</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Finance result</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>(35,979)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>(20,676)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2,274</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: #C00000; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">21</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Income taxes</FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">Income taxes are comprised
of taxation over operations in Brazil, related to Corporate Income Tax (&quot;IRPJ&quot;) and Social Contribution on Net Profit (&quot;CSLL&quot;).
According to Brazilian tax legislation, income taxes and social contribution are assessed and paid by legal entity and not on a consolidated
basis.</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Reconciliation of income taxes expense</I></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The following is a reconciliation
of income tax expense to profit (loss) for the year, calculated by applying the combined Brazilian statutory rates at 34% for the years
ended December 31, 2020, 2019 and 2018:</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; width: 59%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 15%; border-bottom: Black 1pt solid; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2020</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-bottom: Black 1pt solid; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2019</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-bottom: Black 1pt solid; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>2018</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Income before income taxes</B></FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>335,054</B></FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>186,937</B></FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>98,722</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Combined statutory income taxes rate - %</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">34%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">34%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">34%</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Income taxes at statutory rates</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(113,918)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(63,559)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(33,565)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Reconciliation adjustments:</FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="text-align: right; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Tax effect on loss from entities not subject to taxation</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(8,474)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(1,265)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">PROUNI - Fiscal Incentive (a)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">120,851</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">73,397</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">30,564</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Unrecognized deferred tax assets</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(41,319)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(19,342)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Presumed profit income tax regime effect (b)</FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(2,640)</FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">351</FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Permanent adjustments</FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">2,567</FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">-</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Tax effect over pre-acquisition losses</FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">13,893</FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">-</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Other</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">1,973</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(3,757)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">(987)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>Income taxes expense &ndash; current</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>(27,067)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt double; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>(14,175)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt double; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%"><B>(3,988)</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="white-space: nowrap; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">Effective rate</FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">8.08%</FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">7.58%</FONT></TD>
    <TD STYLE="text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; line-height: 115%">4.04%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT>&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(a)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The Company adhered to PROUNI, established by Law 11,096 / 2005, which is
a federal program that exempt companies of paying income taxes and social contribution.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(b)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Brazilian tax law establishes that companies that generate gross revenues
of up to R$ 78,000 in the prior fiscal year may calculate income taxes as a percentage of gross revenue, using the presumed profit income
tax regime. The Company adopted this tax regime and the effect of the presumed profit of subsidiaries represents the difference between
the taxation based on this method and the amount that would be due based on the statutory rate applied to the taxable profit of the subsidiaries.</FONT></TD></TR></TABLE>

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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->78<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 9pt 10.9pt; text-indent: -10.9pt">Deferred income taxes</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">As of December 31, 2020, the Company had unrecognized deferred income tax
assets on temporary differences and tax losses in the amount of R$ 214,387 (tax basis) (R$ 96,627 (tax basis) as of December 31, 2019)
which does not have any tax planning opportunities available that could support the recognition of these temporary differences as deferred
tax assets. Accordingly, the Company did not recognize deferred tax assets.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">22</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Insurance contracts and contingencies</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #C00000; font: 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">a)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal"><I>Insurance contracts</I></FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The Company and its
subsidiaries have a risk management program with the purpose of delimiting the risks, seeking in the market coverage compatible with its
size and operations.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #C00000; font: 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">b)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal"><I>Legal proceedings and contingencies</I></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The provisions related
to labor and civil proceedings whose likelihood of loss is assessed as probable are as follows:</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Labor</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Civil</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 16%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Taxes</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 16%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Balances as of December 31, 2017</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>297</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>1,423</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>1,720</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Business combinations</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2,089</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2,089</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Additions</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">13</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">13</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Reversals</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(166)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(191)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(357)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Balances as of December 31, 2018</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2,233</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>1,232</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>3,465</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Business combinations</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">3,301</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1,071</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4,372</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Additions</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">737</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1,508</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2,245</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Reversals</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(3,770)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(1,043)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(4,813)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Balances as of December 31, 2019</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2,501</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2,768</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>5,269</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Business combinations</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2,741</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2,348</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">27,487</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">32,576</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Additions*</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">562</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">10,869</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">7,853</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">19,284</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Reversals</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(1,285)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(2,705)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(3,990)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Balances as of December 31, 2020</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>4,519</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>13,280</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>35,340</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>53,139</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">*The total amount of R$ 9,940 are related to legal proceedings attributed to the
selling shareholders administration. The same amount was recorded as indemnification assets in the balance sheet in other assets.</FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">There are other civil,
labor, taxes and social security proceedings assessed by Management and its legal counsels as possible risk of loss, for which no provisions
are recognized, as follows:</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 61%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 20%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2020</B></FONT></TD>
    <TD STYLE="width: 19%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>2019</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Labor</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2,318</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">3,570</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Civil</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">59,969</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">39,135</FONT></TD></TR>
  <TR STYLE="background-color: rgb(213,234,234)">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Taxes and social security</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4,375</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">7,583</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Total</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>66,662</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>50,288</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">The Company has judicial
deposits recorded in other assets (non-current) in the amount of R$ 1,451 as of December 31, 2020 (R$ 804 as of December 31, 2019).</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">Under the terms of the
Share Purchase and Sale Agreements (&quot;Agreements&quot;) between the Company and the selling shareholders of the subsidiaries acquired,
the Company assesses that the selling shareholders are exclusively responsible for any provisions (including labor, tax and civil), which
are or will be the subject of a claim by any third party, arising from the act or fact occurred, by action or omission, prior to or on
the closing dates of the acquisitions.</FONT></P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-weight: normal">Accordingly, and considering
that the provisions for legal proceedings recorded by the Company that result from causes arising from events occurring prior to the closing
dates of the acquisitions, any liability for the amounts to be disbursed, in case of their effective materialization in loss, belongs
exclusively to the selling shareholders. In this context, the Agreements state that the Company and its subsidiaries are indemnified and
therefore exempt from any liability related to said contingent liabilities and, therefore, the provision amounts related to such contingencies
are presented in the non-current liabilities and the correspondent amount of R$ 53,499 as of December 31, 2020 (December 31, 2019: R$
6,690) is presented in non-current other assets.</FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">23</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Non-cash transactions</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">During the years ended December 31, 2020, 2019 and 2018, the Company carried out
non-cash transactions which are not reflected in the statements of cash flows. The main non-cash transactions were the business combinations
of Guardaya in March 2019 and IPTAN and IESVAP in 2018, and issuance of shares for the acquisition of PEBMED in 2020; and additions and
remeasurements of right-of-use assets and lease liabilities in 2020 and 2019.</P>

<P STYLE="color: #C00000; font: bold 9pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #C00000; font: bold 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">24</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt">Subsequent events</FONT></TD></TR></TABLE>

<P STYLE="color: #C00000; font: bold 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -10.9pt"><B>a) Acquisition of iClinic</B></P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -10.9pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On October 9, 2020, Afya Brazil entered into an agreement for the acquisition
of 100% of the share capital of iClinic (comprised by iClinic Participa&ccedil;&otilde;es S.A., iClinic Desenvolvimento de Software Ltda.
and Black River Brazil Participa&ccedil;&otilde;es S.A.). iClinic is a SaaS model physician focused technology company and the leading
medical practice management software in Brazil. iClinic empower doctors to be more independent and have more control over their careers
by digitalizing their daily routine, so they can increase their productivity and deliver better healthcare services. With the acquisition
of iClinic to our platform Afya will make another step to become the one stop shop for physicians in Brazil.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The acquisition was concluded on January 21, 2021. The aggregate net
purchase price is R$182,656: (i) 61.5% is payable in cash, and (ii) 38.5% is payable with Afya's shares on the transaction closing
date.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The acquisition date fair value of each major class of consideration,
including the allocation of the purchase price has not been completed by the Company as of the issuance date of these financial
statements. The impact on revenue and profit or loss of the combined entity for the current reporting period as if the acquisition
date had been as of the beginning of the annual reporting period is not available as the Company did not conclude this acquisition
by December 31, 2020. Therefore, these financial statements do not include this information. All the precedent conditions were
satisfied and this acquisition was closed on January 21, 2021. The transaction costs to date amounted to R$ 421. <FONT STYLE="color: black">Any
goodwill generated in the transaction is not expected to be deductible for tax purposes.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -10.9pt"><B>b) Acquisition of Medicinae</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On March 25, 2021, Afya Brazil concluded the acquisition of 100% of the total share capital of Medicinae Solutions S.A., a leading Brazilian
healthcare technology company that specializes in healthcare payments and financial services.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The acquisition will expand Afya&rsquo;s digital health services, as it
offers a unique financial platform that allows healthcare professionals all over Brazil to manage receivables in an efficient and scalable
way using FIDC (Receivables Investment Fund). Medicinae relieves a number of challenges in the healthcare payments industry, as reduces
long payment cycles for professionals and consolidates financial information, improving the consumer financial experience.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; background-color: white">The aggregate purchase price is&nbsp;R$
5,600 of which 100% was paid in cash on the transaction closing date. An earn-out of R$ 4,400 is payable in connection with product development
goals for 2021 and revenue achievements for 2022.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The acquisition date fair value of each major class of consideration, including
the allocation of the purchase price has not been completed by the Company as of the issuance date of these financial statements. The
impact on revenue and profit or loss of the combined entity for the current reporting period as if the acquisition date had been as of
the beginning of the annual reporting period is not available as the Company did not conclude this acquisition by December 31, 2020. Therefore,
these financial statements do not include this information. The transaction costs to date amounted to R$ 169. Any goodwill generated in
the transaction is not expected to be deductible for tax purposes.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -10.9pt"><B>c) Acquisition of Medical
Harbour </B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On April 8, 2021, Afya Brazil acquired 100% of the total share capital
of Medical Harbour Aparelhos M&eacute;dico Hospitalares e Servi&ccedil;os em Tecnologia Ltda. through its wholly-owned subsidiary Afya
Brazil.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">Medical Harbour offers educational health and medical
imaging solutions through an interactive platform for anatomical study, 3D virtual dissection and analysis of medical images, which allow
the exploration, and knowledge of human anatomy with digital resources.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The aggregate purchase price is&nbsp;R$ 5,000 of
which 100% was paid in cash on the transaction closing date. An earn-out of R$ 9,000 is payable in connection with product development
goals for 2021 and 2022 and revenue achievements for 2023.</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">The acquisition date fair value of each major class
of consideration, including the allocation of the purchase price has not been completed by the Company as of the issuance date of these
financial statements. The impact on revenue and profit or loss of the combined entity for the current reporting period as if the acquisition
date had been as of the beginning of the annual reporting period is not available as the Company did not conclude this acquisition by
December 31, 2020. Therefore, these financial statements do not include this information. The transaction costs to date amounted to R$
48. Any goodwill generated in the transaction is not expected to be deductible for tax purposes.</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0; color: #C0504D"><B>Afya Limited</B></P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Notes to the consolidated financial statements</P><P STYLE="text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; border-bottom: #323E4F 0.5pt solid">Expressed in thousands of Brazilian reais, unless otherwise stated</P><P STYLE=" text-align: left; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #C00000; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -10.9pt"><B>d) Acquisition of Cliquefarma</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On April 16, 2021, Afya Brazil acquired 100% of the total share capital
of Cliquefarma Drogarias Online Ltda., a healthtech company operating a free-to-use website that tracks prescription drugs, cosmetics
and personal hygiene product prices in Brazil.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; background-color: white">Users of Cliquefarma can easily search
for medications or healthcare products and compare prices from over 5,000 pharmacies in Brazi. The traffic generated is monetized through
a cost-per-click model, where drugstores pay for each click on their advertisements.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; background-color: white">The aggregate purchase price is&nbsp;R$
19,165 of which R$16,165 was paid in cash on the transaction closing date and R$3,000 was paid in Afya&rsquo;s stocks. An earn-out of
R$ 3,000 is payable in connection with product developments for 2021.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; background-color: white">The acquisition date fair value of each
major class of consideration, including the allocation of the purchase price has not been completed by the Company as of the issuance
date of these financial statements. The impact on revenue and profit or loss of the combined entity for the current reporting period as
if the acquisition date had been as of the beginning of the annual reporting period is not available as the Company did not conclude this
acquisition by December 31, 2020. Therefore, these financial statements do not include this information. The transaction costs to date
amounted to R$ 22. Any goodwill generated in the transaction is not expected to be deductible for tax purposes.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -10.9pt; color: #C00000"><B>e) Investment from the
SoftBank Latin America Fund</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">On April 26, 2021, SoftBank Latin America Fund (&ldquo;SoftBank&rdquo;)
agreed to purchase approximately R$822,000, equivalent to US$150,000, of Afya&rsquo;s Series A perpetual convertible preferred shares,
subject to customary closing conditions.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The key terms of the perpetual convertible preferred shares are: (i) 6.5%
per annum cumulative dividend payable quarterly and in Brazilian reais (payable in U.S. Dollar in Brazilian reais equivalent); (ii) SoftBank
shall have the right at any time, to convert its Series A Preference Shares into 5,917,888 common shares, established at US$25.35; (iii)
SoftBank shall have the right to redeem any time after the 5th year anniversary at 105% premium; and (iv) Afya will have the right to
force conversion after the 3rd year anniversary if forced conversion trigger conditions are satisfied.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">SoftBank and its affiliates will beneficially own approximately 8.4% of
the total shares of the company (on an as-converted basis for the Series A perpetual convertible preferred shares).</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 10.9pt; text-indent: -10.9pt; color: #C00000"><B>f) Share-based compensation
</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">In January 2021, 545,000 additional stock options were granted, with an
exercise price of R$115 (in Brazilian Reais). These stock options will vest in five annual installments.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">In March 2021, 65,000 additional stock options were granted, with an exercise
price of R$105 (in Brazilian Reais). These stock options will vest in five annual installments.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">In April 2021, 139,000 additional stock options were granted, with an exercise
price of R$105 (in Brazilian Reais). These stock options will vest in five annual installments.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center; background-color: white">***</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center; background-color: white"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: right">Exhibit 2.1</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">DESCRIPTION OF SECURITIES REGISTERED UNDER
SECTION 12 OF THE EXCHANGE ACT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following is a description of our outstanding
securities registered under Section 12 of the Exchange Act as required pursuant to the relevant Items under Form 20-F. As of December
31, 2020 Afya Limited (&ldquo;we,&rdquo; &ldquo;us,&rdquo; and &ldquo;our&rdquo;) had the following series of securities registered pursuant
to Section 12(b) of the Exchange Act:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center; border-bottom: Black 0.5pt solid">Title
    of each class</P></TD>
    <TD STYLE="width: 33%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center; border-bottom: Black 0.5pt solid">Trading
    Symbol(s)</P></TD>
    <TD STYLE="width: 33%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center; border-bottom: Black 0.5pt solid">Name
    of each exchange on which registered</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">Class A common shares, par value US$0.00005 per share</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">AFYA</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.9pt; padding-left: 2.9pt; text-align: center">Nasdaq Global Select Market</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-indent: 0.25in">We were incorporated on March 22, 2019 as a Cayman
Islands exempted company with limited liability duly registered with the Cayman Islands Registrar of Companies. Our corporate purposes
are unrestricted and we have the authority to carry out any object not prohibited by law as provided by Section 7(4) of the Companies
Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our affairs are governed principally by (i)&nbsp;our
Memorandum and Articles of Association; (ii)&nbsp;the Companies Act; and (iii)&nbsp;the common law of the Cayman Islands. As provided
in our Memorandum and Articles of Association, subject to Cayman Islands law, we have full capacity to carry on or undertake any business
or activity, do any act or enter into any transaction, and, for such purposes, full rights, powers and privileges. Our registered office
is c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>CLASS A COMMON SHARES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0in"><B>Item 9. General</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0in"><B>9.A.3 Preemptive rights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">See &ldquo;&mdash;Item 10.B Memorandum and
articles of association&mdash;Preemptive or Similar Rights&rdquo; below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0in"><B>9.A.5 Type and class of securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, Afya had a total issued
share capital of US$4,657,3, divided 45,112,416 Class A common shares and 48,034,315 Class B common shares. All of the outstanding share
capital is fully paid. Our Class A common shares are in book-entry form registered in the name of each shareholder or its nominee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, our total authorized
share capital was US$50,000, divided into 1,000,000,000 shares par value US$0.00005 each, of which: (i) 500,000,000 shares are designated
as Class A common shares; (ii)&nbsp;250,000,000 shares are designated as Class B common shares; and (iii) 250,000,000 shares of such class
or classes (howsoever designated) and having the rights as the Board may determine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Memorandum and Articles of Association
currently authorize two classes of common shares: Class A common shares, which are entitled to one vote per share, and Class B common
shares, which are entitled to 10 votes per share and to maintain a proportional ownership interest in the event that additional Class
A common shares are issued. Any holder of Class B common shares may convert his or her shares at any time into Class A common shares on
a share-for-share basis. The rights of the two classes of common shares are otherwise identical, except as described in our Articles of
Association. See &ldquo;&mdash;Anti-Takeover Provisions in Our Articles of Association&mdash;Two Classes of Common Shares.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0in"><B>Item 9.A.6. Limitations or qualifications</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0in"><B>Item 9.A.7. Other rights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Not applicable.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0in"><B>Item 10.B Memorandum and articles of association</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The following information describes our Class
A common shares and provisions set forth by our Memorandum and Articles of Association, the Companies Act; and the common law of the Cayman
Islands. This description is only a summary. You should read and refer to our Memorandum and Articles of Association included as Exhibit&nbsp;1.01
hereto.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Description of Our Memorandum and Articles of Association</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 9pt"><I>History of Share Capital</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On July 19, 2019, our registration Statement
on Form F-1 (File No 333-232309), as amended, was declared effective by the SEC for to our initial public offering of our Class A common
shares, pursuant to which we sold a total of 15,805,841 Class A common shares, par value $0.00005 per share, at a public offering price
of US$19.00 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">On February 6, 2020, our registration Statement
on Form F-1 (File No 333-236246), as amended, was declared effective by the SEC for a public offering of our Class A common shares, pursuant
to which we sold a total of 3,260,480 Class A common shares, par value $0.00005 per share, at a public offering price of US$27.50 per
share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As of December 31, 2020, Afya had no shares
in treasury.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 9pt"><I>General</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our shareholders adopted the Articles of Association
included as Exhibit 3.1 to registration statement on Form&nbsp;F-1 (File no. 333-232309), filed with the SEC on July 9, 2019. The following
summary is subject to and qualified in its entirety by Afya Limited&rsquo;s memorandum and articles of association. This is not a summary
of all the significant provisions of our Articles of Association, of the Companies Act or of the common law of the Cayman Islands and
does not purport to be complete. Capitalized terms used but not defined herein have the meanings given to them in our annual report on
Form 20-F for the fiscal year ended December 31, 2020.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 9pt"><I>Corporate Purposes</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our corporate purposes are unrestricted and
we have the authority to carry out any object not prohibited by law as provided by Section 7(4) of the Companies Act (as revised) of the
Cayman Islands, or the Companies Act.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Issuance of Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Except as expressly provided in our Articles
of Association, our board of directors has general and unconditional authority to allot, grant options over, offer or otherwise deal with
or dispose of any unissued shares in the company&rsquo;s capital without the approval of our shareholders (whether forming part of the
original or any increased share capital), either at a premium or at par, with or without preferred, deferred or other special rights or
restrictions, whether in regard to dividend, voting, return of capital or otherwise and to such persons, on such terms and conditions,
and at such times as the directors may decide, but so that no share shall be issued at a discount, except in accordance with the provisions
of the Companies Act. In accordance with its Articles of Association, Afya shall not issue bearer shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our Articles of Association provide that at
any time that there are Class A common shares in issue, additional Class B common shares may only be issued pursuant to (i)&nbsp;a share
split, subdivision of shares or similar transaction or where a dividend or other distribution is paid by the issue of shares or rights
to acquire shares or following capitalization of profits, (ii)&nbsp;a merger, consolidation, or other business combination, or (iii)&nbsp;an
issuance of shares including Class A common shares or any other class of share designated as a common share pursuant to the Articles
of Association, whereby each holder of the Class B common shares is entitled to purchase a number of Class B common shares that would
allow it to maintain its proportional ownership interests in Afya (following an offer by Afya to each holder of Class B common shares
to issue to such holder, upon the same economic terms and at the same price, such number of Class B common shares as would ensure such
holder may maintain a proportional ownership interest in Afya pursuant to our Articles of Association). In light of: (a)&nbsp;the above
provisions; (b)&nbsp;the fact that future transfers by holders of Class B common shares will generally result in those shares converting
to Class A common shares, subject to limited exceptions as provided in the Articles of Association; and (c)&nbsp;the ten-to-one voting
ratio between our Class B common shares and Class A common shares, means that holders of our Class B common shares will in many situations
continue to maintain control of all matters requiring shareholder approval. This concentration of ownership and voting power will limit
or preclude your ability to influence corporate matters for the foreseeable future. For more information see &ldquo;&mdash;Preemptive
or Similar Rights.&rdquo;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our Articles of Association also provide that
the issuance of non-voting common shares requires the affirmative vote of a majority of the of then-outstanding Class A common shares
and the prior written consent of a Crescera Director and Esteves Family Director as set out below in &ldquo;&mdash;Proceedings of the
Board of Directors.&rdquo;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Fiscal Year</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our fiscal year begins on January 1 of each
year and ends on December 31 of the same year.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Voting Rights</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The holders of the Class A common shares and
Class B common shares have identical rights, except that (i)&nbsp;the holder of Class B common shares is entitled to 10 votes per share,
whereas holders of Class A common shares are entitled to one vote per share, (ii)&nbsp;Class B common shares have certain conversion rights
and (iii)&nbsp;the holders of Class B common shares are entitled to maintain their proportional ownership interest in the event that common
shares and/or preferred shares are proposed to be issued. For more information see below &ldquo;&mdash;Preemptive or Similar Rights&rdquo;
and &ldquo;&mdash;Conversion.&rdquo; The holders of Class A common shares and Class B common shares vote together as a single class on
all matters (including the election of directors) submitted to a vote of shareholders, except as provided below and as otherwise required
by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our Articles of Association provide as follows
regarding the respective rights of holders of Class A common shares and Class B common shares:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><FONT STYLE="background-color: white">(i)</FONT><FONT STYLE="font-family: Courier New, Courier, Monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Class
consents from the holders of Class A common shares or Class B common shares, as applicable, shall be required for any variation to the
rights attached to their respective class of shares, however, the directors may treat any two or more classes of shares as forming one
class if they consider that all such classes would be affected in the same way by the proposal;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">(ii)<FONT STYLE="font-family: Courier New, Courier, Monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
rights conferred on holders of Class A common shares shall not be deemed to be varied by the creation or issue of further Class B common
shares and vice versa; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">(iii)<FONT STYLE="font-family: Courier New, Courier, Monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
rights attaching to the Class A common shares and the Class B common shares shall not be deemed to be varied by the creation or issue
of shares with preferred or other rights, including, without limitation, shares with enhanced or weighted voting rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As set forth in the Articles of Association,
the holders of Class A common shares and Class B common shares, respectively, do not have the right to vote separately if the number of
authorized shares of such class is increased or decreased. Rather, the number of authorized Class A common shares and Class B common shares
may be increased or decreased (but not below the number of shares of such class then outstanding) by the affirmative vote of the holders
of a majority of the voting power of the issued and outstanding Class A common shares and Class B common shares, voting together in a
general meeting.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Preemptive or Similar Rights</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Class A common shares and Class B common
shares are not entitled to preemptive rights upon transfer and are not subject to conversion (except as described below under &ldquo;&mdash;Conversion&rdquo;),
redemption or sinking fund provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Class B common shares are entitled to maintain
a proportional ownership interest in the event that additional common and/or preferred shares are issued. As such, if Afya issues common
and/or preferred shares, it must first make an offer to each holder of Class B common shares to issue to such holder on the same economic
terms such number of Class B common shares as would ensure such holder may maintain a proportional ownership interest in Afya. This right
to maintain a proportional ownership interest may be waived by all of the holders of Class B common shares, such waiver to remain effective
until the date specified therein or 12 months from the date of the waiver.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Conversion</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The outstanding Class B common shares are convertible
at any time as follows: (i)&nbsp;at the option of the holder, a Class B common share may be converted at any time into one Class A common
share or (ii)&nbsp;upon the election of the holders of all the then issued and outstanding Class B common shares, all outstanding Class
B common shares may be converted into a like number of Class A common shares. In addition, each Class B common share will convert automatically
into one Class A common share upon any transfer, whether or not for value, except for certain transfers described in the Articles of Association,
including transfers to holders of Class B common shares, to affiliates, transfers to Bertelsmann SE &amp; Co. KGaA and any of its affiliates,
to and between the Esteves Family, Crescera, their family members and their respective children, heirs and successors, trusts solely for
the benefit of the shareholder or their affiliates, and to partnerships, corporations and other entities exclusively owned or controlled
by the Class B shareholder or their affiliates and certain transfers to organizations that are exempt from taxation under Section 501(c)(3)
of the Internal Revenue Code of 1986, as amended. Furthermore, each Class B common share will convert automatically into one Class A common
share and no Class B common shares will be issued thereafter if, at any time, the total number of the issued and outstanding Class B common
shares is less than 10% of the total number of shares outstanding. To the extent that Crescera or the Esteves Family cease to be a Class
B common shareholder, the rights nominally vested to each shall vest in their permitted transferee within the meaning of our Articles
of Association.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">No class of our common shares may be subdivided
or combined unless the other class of common shares is concurrently subdivided or combined in the same proportion and in the same manner.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Equal Status</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Except as expressly provided in our Articles
of Association, Class A common shares and Class B common shares have the same rights and privileges and rank equally, share ratably and
are identical in all respects as to all matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In the event of any merger, consolidation,
scheme, arrangement or other business combination requiring the approval of our shareholders entitled to vote thereon (whether or not
Afya is the surviving entity), the holders of Class A common shares shall have the right to receive, or the right to elect to receive,
the same form of consideration as the holders of Class B common shares, and the holders of Class A common shares shall have the right
to receive, or the right to elect to receive, at least the same amount of consideration on a per share basis as the holders of Class B
common shares. In the event of any (i)&nbsp;tender or exchange offer to acquire any Class A common shares or Class B common shares by
any third-party pursuant to an agreement to which Afya is a party, or (ii)&nbsp;any tender or exchange offer by Afya to acquire any Class
A common shares or Class B common shares, the holders of Class A common shares shall have the right to receive, or the right to elect
to receive, the same form of consideration as the holders of Class B common shares, and the holders of Class A common shares shall have
the right to receive, or the right to elect to receive, at least the same amount of consideration on a per share basis as the holders
of Class B common shares.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Record Dates</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For the purpose of determining shareholders
entitled to notice of, or to vote at any general meeting of shareholders or any adjournment thereof, or shareholders entitled to receive
dividend or other distribution payments, or in order to make a determination of shareholders for any other purpose, Our board of directors
may set a record date which shall not exceed 40 clear days prior to the date where the determination will be made.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">General Meetings of Shareholders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a condition of admission to a shareholders&rsquo;
meeting, a shareholder must be duly registered as a shareholder of Afya at the applicable record date for that meeting and, in order to
vote, all calls or installments then payable by such shareholder to Afya in respect of the shares that such shareholder holds must have
been paid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to any special rights or restrictions
as to voting then attached to any shares, at any general meeting every shareholder who is present in person or by proxy (or, in the case
of a shareholder being a corporation, by its duly authorized representative not being himself or herself a shareholder entitled to vote)
shall have one vote per Class A common share and 10 votes per Class B common share.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">As a Cayman Islands exempted company, Afya
is not obliged by the Companies Act to call annual general meetings; however, the Articles of Association provide that in each year the
company will hold an annual general meeting of shareholders, at a time determined by the board of directors, provided that the board of
directors of Afya has the discretion whether or not to hold an annual general meeting in 2019. For the annual general meeting of shareholders
the agenda will include, among other things, the presentation of the annual accounts and the report of the directors. In addition, the
agenda for an annual general meeting of shareholders will only include such items as have been included therein by the board of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Also, Afya may, but is not required to (unless
required by the laws of the Cayman Islands), hold other extraordinary general meetings during the year. General meetings of shareholders
are generally expected to take place in Nova Lima, Brazil, but may be held elsewhere if the directors so decide.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Companies Act provides shareholders a limited
right to request a general meeting and does not provide shareholders with any right to put any proposal before a general meeting in default
of a company&rsquo;s Articles of Association. However, these rights may be provided in a company&rsquo;s Articles of Association. Our
Articles of Association provide that upon the requisition of one or more shareholders representing not less than one-third of the voting
rights entitled to vote at general meetings, the board will convene an extraordinary general meeting and put the resolutions so requisitioned
to a vote at such meeting. The Articles of Association provide no other right to put any proposals before annual general meetings or extraordinary
general meetings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to regulatory requirements, the annual
general meeting and any extraordinary general meetings must be called by not less than 10 clear calendar days&rsquo; notice prior to the
relevant shareholders meeting and convened by a notice discussed below. Alternatively, upon the prior consent of all holders entitled
to receive notice, with regards to the annual general meeting, and the holders of 95% in par value of the shares entitled to attend and
vote at an extraordinary general meeting, that meeting may be convened by a shorter notice and in a manner deemed appropriate by those
holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Afya will give notice of each general meeting
of shareholders by publication on its website and in any other manner that it may be required to follow in order to comply with Cayman
Islands law, Nasdaq and SEC requirements. The holders of registered shares may be given notice of a shareholders&rsquo; meeting by means
of letters sent to the addresses of those shareholders as registered in our shareholders&rsquo; register, or, subject to certain statutory
requirements, by electronic means.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in"><B>Holders whose shares are registered in the
name of DTC or its nominee, which we expect will be the case for all holders of Class A common shares, will not be a shareholder or member
of the company and must rely on the procedures of DTC regarding notice of shareholders&rsquo; meetings and the exercise of rights of a
holder of the Class A common shares.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A quorum for a general meeting consists of
any one or more persons holding or representing by proxy not less than one-third of the aggregate voting power of all shares in issue
and entitled to vote upon the business to be transacted, provided that such a quorum must also include (i)&nbsp;Crescera for so long as
it holds Class B common shares, and (ii)&nbsp;the Esteves Family for so long as it holds Class B common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A resolution put to a vote at a general meeting
shall be decided on a poll. An ordinary resolution to be passed by the shareholders at a general meeting requires the affirmative vote
of a simple majority of the votes cast by, or on behalf of, the shareholders entitled to vote, present in person or by proxy and voting
at the meeting. A special resolution requires the affirmative vote on a poll of no less than two-thirds of the votes cast by the shareholders
entitled to vote who are present in person or by proxy at a general meeting. Both ordinary resolutions and special resolutions may also
be passed by a unanimous written resolution signed by all the shareholders of our Company, as permitted by the Companies Act and our Articles
of Association.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Pursuant to our Articles of Association, general
meetings of shareholders are to be chaired by the chairman of our board of directors or in his absence the vice-chairman of the board
of directors. If the chairman or vice-chairman of our board of directors is absent, the directors present at the meeting shall appoint
one of them to be chairman of the general meeting. If neither the chairman nor another director is present at the general meeting within
15 minutes after the time appointed for holding the meeting, the shareholders present in person or by proxy and entitled to vote may elect
any one of the shareholders to be chairman. The order of business at each meeting shall be determined by the chairman of the meeting and
he or she shall have the right and authority to prescribe such rules, regulations and procedures and to do all such acts and things as are necessary or
desirable for the proper conduct of the meeting, including, without limitation, the establishment of procedures for the maintenance of
order and safety, limitations on the time allotted to questions or comments on the affairs of the Company, restrictions on entry to such
meeting after the time prescribed for the commencement thereof, and the opening and closing of the polls.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Liquidation Rights</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">If Afya is voluntarily wound up, the liquidator,
after taking into account and giving effect to the rights of preferred and secured creditors and to any agreement between Afya and any
creditors that the claims of such creditors shall be subordinated or otherwise deferred to the claims of any other creditors and to any
contractual rights of set-off or netting of claims between Afya and any person or persons (including without limitation any bilateral
or any multi-lateral set-off or netting arrangements between the company and any person or persons) and subject to any agreement between
Afya and any person or persons to waive or limit the same, shall apply our property in satisfaction of its liabilities <I>pari passu</I>
and subject thereto shall distribute the property amongst the shareholders according to their rights and interests in Afya.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Special Matters</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Afya may not without the prior written consent
of (i)&nbsp;Crescera for so long as it holds Class B common shares and (ii)&nbsp;the Esteves Family for so long as it holds Class B common
shares: change the number of directors; change the structure, function, and/or number of the board of executive officers (which comprises
the three senior executive officers that manage the day-to-day business activities of Afya, subject to the overall supervision of the
board of directors); amend its Memorandum and Articles of Association; vary the rights attaching to shares; approve any merger or consolidation
of Afya with one or more constituent companies (as defined in the Companies Act), the contribution by Afya of any assets to any subsidiary
and/or the creation of any joint venture by Afya; approve any business combination; approve the winding-up, liquidation or dissolution
of Afya; or take certain actions in respect of its share capital as set out in the Articles of Association; register as an exempted limited
duration company; or approve the transfer by way of continuation of Afya to a jurisdiction outside the Cayman Islands.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Anti-Corruption and Anti-Money Laundering</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our Articles of Association contain stringent
anti-corruption, anti-money laundering and certain other related measures applicable to us, our officers and directors, and its service
providers. The Articles of Association provide that if one of our shareholders is found to have been involved in an act of corruption,
money laundering or other related irregular act, the directors shall convene a meeting to consider the circumstances of such incident,
and establish a course of action to be taken against such shareholder. The actions range from (i)&nbsp;suspending such shareholder from
his/her duties as a director, officer and/or employee (if applicable) of the Company; (ii)&nbsp;terminating such duties; (iii)&nbsp;directing
such shareholder to transfer the entirety of his/her shareholding in the Company to his/her children and/or heirs; or (iv)&nbsp;if such
transfer is not possible, resolve that the shares in the Company owned by such shareholder be mandatorily redeemed by us. Further, our
Articles of Association provide that we shall not engage the services of any provider that has been found to violate applicable anti-corruption
laws, and further provide that we and our shareholders shall not violate applicable anti-corruption laws.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Changes to Capital</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to the restrictions contained in the
Articles of Association and summarized above in &ldquo;&mdash;Special Matters,&rdquo; Afya may from time to time by ordinary resolution:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>increase its share capital by such sum, to be divided into shares of such amount, as the resolution shall prescribe;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>consolidate and divide all or any of its share capital into shares of a larger amount than its existing shares;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>convert all or any of its paid-up shares into stock and reconvert that stock into paid up shares of any denomination;</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>subdivide its existing shares or any of them into shares of a smaller amount, provided that in the subdivision the proportion between
the amount paid and the amount, if any, unpaid on each reduced share shall be the same as it was in the case of the share from which the
reduced share is derived; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>cancel any shares which, at the date of the passing of the resolution, have not been taken or agreed to be taken by any person and
diminish the amount of its share capital by the amount of the shares so canceled.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our shareholders may by special resolution,
subject to confirmation by the Grand Court of the Cayman Islands on an application by the Company for an order confirming such reduction,
reduce its share capital or any capital redemption reserve in any manner permitted by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">In addition, subject to the provisions of the
Companies Act and our Articles of Association, Afya may:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>issue shares on terms that they are to be redeemed or are liable to be redeemed;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>purchase its own shares (including any redeemable shares); and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>make a payment in respect of the redemption or purchase of its own shares in any manner authorized by the Companies Act, including
out of its own capital.</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Transfer of Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to any applicable restrictions set
forth in the Articles of Association, any shareholder of Afya may transfer all or any of his or her common shares by an instrument of
transfer in the usual or common form or in the form prescribed by the Nasdaq or any other form approved by the Company&rsquo;s board of
directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Class A common shares are traded on the
Nasdaq in book-entry form and may be transferred in accordance with our Articles of Association and Nasdaq&rsquo;s rules and regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">However, our board of directors may, in its
absolute discretion, decline to register any transfer of any common share which is either not fully paid up to a person of whom it does
not approve or is issued under any share incentive scheme for employees which contains a transfer restriction that is still applicable
to such common share. The board of directors may also decline to register any transfer of any common share unless:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the instrument of transfer is lodged with Afya, accompanied by the certificate (if any) for the common shares to which it relates
and such other evidence as our board of directors may reasonably require to show the right of the transferor to make the transfer;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the instrument of transfer is in respect of only one class of shares;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the instrument of transfer is properly stamped, if required;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the common shares transferred are free of any lien in favor of Afya; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>in the case of a transfer to joint holders, the transfer is not to more than four joint holders.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">If the directors refuse to register a transfer
they are required, within 15 business days after the date on which the instrument of transfer was lodged, to send to the transferee notice
of such refusal.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Share Repurchase</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Companies Act and the Articles of Association
permit Afya to purchase its own shares, subject to certain restrictions. The board of directors may only exercise this power on behalf
of Afya, and subject to the Companies Act, the Articles of Association and to any applicable requirements imposed from time to time by
the SEC, the Nasdaq, or by any recognized stock exchange on which our securities are listed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our Board of Directors approved a share buyback
program on December 23, 2020. Under the share buyback program, Afya may repurchase up to 1,015,844 of its outstanding Class A common shares
in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on December 24,
2020 continuing until the earlier of the completion of the repurchase
or December 31, 2021, depending upon market conditions.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The share repurchases may be made from time
to time through open market transactions and are subject to market and business conditions, levels of available liquidity, cash requirements
for other purposes, regulatory, and other relevant factors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The share buyback program will take place in
accordance with the conditions established by the Board of Directors on December 16, 2020. We intend to repurchase the shares to execute
the stock option program for the executives of the company. Our Board of Directors will review the share buyback program periodically
and may authorize adjustments to its terms and size or suspend or discontinue the program. We expect to utilize our existing funds to
fund repurchases made under this program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our Board of Directors also authorized management
to appoint BofA Securities, Inc. as our agent to purchase Securities on its behalf in the open market. It is our intention such purchases
benefit from the safe harbor provided by Rule 10b-18, Rule 10b-18, promulgated by the SEC under the Exchange Act. Accordingly, we shall
not take, nor permit any person or entity under its control to take, any action that could jeopardize the availability of Rule 10b-18
for purchases of our common shares under the program.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Dividends and Capitalization of Profits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We have not adopted a dividend policy with
respect to payments of any future dividends by Afya. Subject to the Companies Act, our shareholders may, by resolution passed by a simple
majority of the voting rights entitled to vote at a general meeting, declare dividends (including interim dividends) to be paid to shareholders
but no dividend shall be declared in excess of the amount recommended by the board of directors. The board of directors may also declare
dividends. Dividends may be declared and paid out of funds lawfully available to Afya. Except as otherwise provided by the rights attached
to shares and the Articles of Association of Afya, all dividends shall be paid in proportion to the number of Class A common shares or
Class B common shares a shareholder holds at the date the dividend is declared (or such other date as may be set as a record date); but,
(i)&nbsp;if any share is issued on terms providing that it shall rank for dividend as from a particular date, that share shall rank for
dividend accordingly, and (ii)&nbsp;where we have shares in issue which are not fully paid up (as to par value) we may pay dividends in
proportion to the amounts paid up on each share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The holders of Class A common shares and Class
B common shares shall be entitled to share equally in any dividends that may be declared in respect of our common shares from time to
time. In the event that a dividend is paid in the form of Class A common shares or Class B common shares, or rights to acquire Class A
common shares or Class B common shares, (i)&nbsp;the holders of Class A common shares shall receive Class A common shares, or rights to
acquire Class A common shares, as the case may be; and (ii)&nbsp;the holders of Class B common shares shall receive Class B common shares,
or rights to acquire Class B common shares, as the case may be.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Appointment, Disqualification and Removal of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Afya is managed by its board of directors.
The Articles of Association provide that, unless otherwise determined by a special resolution of shareholders, the board of directors
will be composed of four to 11 directors, with the number being determined by a majority of the directors then in office. There are no
provisions relating to retirement of directors upon reaching any age limit. The Articles of Association also provide that, while our shares
are admitted to trading on Nasdaq, the board of directors must always comply with the residency and citizenship requirements of the U.S.
securities laws applicable to foreign private issuers. Crescera for so long as it holds Class B common shares may appoint up to three
directors at its discretion (and is entitled at any time to remove substitute or replace such directors) (&ldquo;Crescera Directors&rdquo;),
and the Esteves Family for so long as it holds Class B common shares may appoint up to three directors at its discretion (and is entitled
at any time to remove substitute or replace such directors) (&ldquo;Esteves Family Directors&rdquo;), in addition for so long as both
hold Class B common shares, they may appoint a further director (the &ldquo;Joint Director&rdquo;) and are entitled at any time to remove,
substitute or replace the Joint Director. The board of directors shall have a chairman that for so long as both Crescera and the Esteves
Family hold Class B common shares, which chairman is appointed in rotation for a term of a year by each of them as prescribed in the Articles
of Association, such right to be exercised initially by Crescera. Once neither Crescera nor the Esteves Family hold Class B common shares,
the chairman is elected by the board of directors then in office instead. The directors may elect a vice chairman of the board of directors.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to the foregoing, the Articles of Association
provide that directors shall be elected by an ordinary resolution of our shareholders, which requires the affirmative vote of a simple
majority of the votes cast on the resolution by the shareholders entitled to vote who are present, in person or by proxy, at the meeting.
Each director shall be appointed and elected for a two-year term or until his or her death, resignation or removal, and is eligible for
re-election.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">For the names of our directors, see &ldquo;Item
6. Directors, Senior Management and Employees&mdash;A. Directors and Senior Management&mdash;Board of Directors.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Any vacancies on the board of directors that
arise other than in respect of the Crescera and/or Esteves Family director appointments set out above or upon the removal of a director
by resolution passed at a general meeting can be filled by the remaining directors (notwithstanding that they may constitute less than
a quorum). Any such appointment shall be as an interim director to fill such vacancy until the next annual general meeting of shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to the foregoing, additions to the
existing board (within the limits set pursuant to the Articles of Association) may be made by ordinary resolution of the shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our board of directors has an audit committee
in place. See &ldquo;Item 6. Directors, Senior Management and Employees&mdash;A. Directors and Senior Management&mdash;Audit Committee.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Grounds for Removing a Director</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">A director may be removed with or without cause
by ordinary resolution, save that each Crescera Director may be removed by Crescera at its discretion and each Esteves Family Director
may be removed by the Esteves Family at its discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The notice of general meeting must contain
a statement of the intention to remove the director and must be served on the director not less than 10 calendar days before the meeting.
The director is entitled to attend the meeting and be heard on the motion for his removal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The office of a director will be vacated automatically
if he or she (i)&nbsp;becomes prohibited by law from being a director, (ii)&nbsp;becomes bankrupt or makes an arrangement or composition
with his creditors, (iii)&nbsp;dies or is in the opinion of all his co-directors, incapable by reason of mental disorder of discharging
his duties as director, (iv)&nbsp;resigns his office by notice to us or (v)&nbsp;has for more than six months been absent without permission
of the directors from meetings of the board of directors held during that period, and the remaining directors resolve that his or her
office be vacated. Further, the Directors may remove a Director as set out above in &ldquo;&mdash;Anti-Corruption.&rdquo;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Proceedings of the Board of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Articles of Association provide that our
business is to be managed and conducted by the board of directors, save that Afya may not without (i)&nbsp;the consent of a Crescera
Director while there is a Crescera Director and (ii)&nbsp;the consent of an Esteves Family Director while there is an Esteves Family
Director: create new classes of shares, issue new shares, options, warrants or convertible securities of similar nature conferring the
right upon the holders thereof to subscribe for purchase or receive any class of shares or securities in the capital of Afya; repurchase
or redeem any shares; approve the payment of any remuneration to a Director or executive Officer; approve any incentive plan (as set
out in the Articles of Association); change our accounting practices except as required by applicable law; execute and/or terminate any
shareholders&rsquo; agreement, quotaholders&rsquo; agreement, or any other agreements related to our interest in any subsidiary; approve
our financial statements; effect an initial public offering and/or follow-on offerings of Afya, or hire any investment banks or service
providers inherent to the initial public offering; approve the listing and/or the delisting of our securities with any designated stock
exchange; change our dividend policy and/or approve any dividend, create and/or use our reserves; approve any budget, as well as any
amendment and/or change to such budget; conduct, negotiate, terminate and/or amend any business, agreement, or transaction between Afya
and any related party; acquire, sell or encumber any of our permanent assets, in one transaction or in a series of transactions, which
value exceeds the equivalent of R$250 thousands; approve any sale or encumbrance, for the benefit of a person of shares issued by any
subsidiary, or the admission of any new partner or shareholder in such subsidiaries; create or dissolve any committees of the Directors;
carry out any investments outside the scope of the core business of Afya or its controlled persons (as set out in the Articles of Association);
incorporate any entity; acquire, sell or encumber the capital stock of entities in which Afya has an interest; appoint or terminate the
engagement of any auditor that is not an Authorized Auditor as set out in the Articles of Association; provide any guarantee in respect
of any person or related person of any of our shareholders, director and/or officers inter alia; negotiate, amend, renew, change of terminate
any lease agreement or enter into any new lease agreement; appoint any executive officer; approve the delegation of any powers by the
board of directors; or take actions in connection with the Company&rsquo;s Anti-Corruption measures.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The quorum necessary for the board meeting
shall be a simple majority of the directors then in office (subject to there being a minimum of two directors present), provided that
such a quorum must include at least one Crescera Director for so long as there is at least one Crescera Director and one Esteves Family
Director for so long as there is one Esteves Family Director and business at any meeting shall be decided by a majority of votes, provided
such a majority must include at least one Crescera Director for so long as there is at least one Crescera Director and one Esteves Family
Director for so long as there is one Esteves Family Director. In the case of an equality of votes, neither the chairman of the board nor
the chairman of the meeting shall have a casting vote.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to the foregoing and the provisions
of the Articles of Association, the board of directors may regulate its proceedings as they determine is appropriate. Board meetings shall
be held at least once every calendar quarter and shall take place either in Nova Lima, Brazil, or at such other place as the directors
may determine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to the provisions of the Articles of
Association, to any directions given by ordinary resolution of the shareholders and the listing rules of the Nasdaq, the board of directors
may from time to time at its discretion exercise all powers of Afya, including, subject to the Companies Act, the power to issue debentures,
bonds and other securities of the company, whether outright or as collateral security for any debt, liability or obligation of our company
or of any third-party.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Inspection of Books and Records</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Holders of Afya shares have no general right
under Cayman Islands law to inspect or obtain copies of the list of shareholders or corporate records of the Company. However, the board
of directors may determine from time to time whether and to what extent our accounting records and books shall be open to inspection by
shareholders who are not members of the board of directors. Notwithstanding the above, the Articles of Association provide shareholders
with the right to receive annual financial statements and upon request agreements executed by the Company and its Related Parties (as
defined in the Articles of Association), shareholder agreements to which the Company is a party and details of any incentive plan). Such
right to receive annual financial statements may be satisfied by publishing the same on the company&rsquo;s website or filing such annual
reports as we are required to file with the SEC.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Register of Shareholders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Class A common shares are held through
DTC, and DTC or Cede &amp; Co., as nominee for DTC, and recorded in the shareholders&rsquo; register as the holder of our Class A common
shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Under Cayman Islands law, Afya must keep a
register of shareholders that includes:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the names and addresses of the shareholders, a statement of the shares held by each member and of the amount paid or agreed to be
considered as paid, on the shares of each member;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>whether voting rights attach to the shares in issue;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the date on which the name of any person was entered on the register as a member; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>the date on which any person ceased to be a member.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Under Cayman Islands law, the register of shareholders
of Afya is prima facie evidence of the matters set out therein (i.e., the register of shareholders will raise a presumption of fact on
the matters referred to above unless rebutted) and a shareholder registered in the register of shareholders is deemed as a matter of Cayman
Islands law to have <I>prima facie</I> legal title to the shares as set against his or her name in the register of shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">However, there are certain limited circumstances
where an application may be made to a Cayman Islands court for a determination on whether the register of members reflects the correct
legal position. Further, the Cayman Islands court has the power to order that the register of members maintained by a company should
be rectified where it considers that the register of members does not reflect the correct legal position. If an application for an order
for rectification of the register of members were made in respect of our ordinary shares, then the validity of such shares may be subject
to re-examination by a Cayman Islands court.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Exempted Company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Afya is an exempted company with limited liability
under the Companies Act. The Companies Act distinguishes between ordinary resident companies and exempted companies. Any company that
is registered in the Cayman Islands but conducts business mainly outside of the Cayman Islands may apply to be registered as an exempted
company. The requirements for an exempted company are essentially the same as for an ordinary company except for the exemptions and privileges
listed below:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company does not have to file an annual return of its shareholders with the Registrar of Companies;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company&rsquo;s register of shareholders is not open to inspection;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company does not have to hold an annual general meeting;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company may issue shares with no par value;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company may obtain an undertaking against the imposition of any future taxation (such undertakings are usually given for
20 years in the first instance);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company may register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company may register as a limited duration company; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>an exempted company may register as a segregated portfolio company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">&ldquo;Limited liability&rdquo; means that
the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company (except in exceptional
circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances
in which a court may be prepared to pierce or lift the corporate veil).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">We are subject to reporting and other informational
requirements of the Exchange Act, as applicable to foreign private issuers. Except as otherwise disclosed in this annual report, we comply
with the Nasdaq rules in lieu of following home country practice.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Anti-Takeover Provisions in Our Articles of Association</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Some provisions of the Articles of Association
may discourage, delay or prevent a change in control of Afya or management that shareholders may consider favorable. In particular, the
capital structure of Afya concentrates ownership of voting rights in the hands of the Esteves Family and Crescera. These provisions, which
are summarized below, are expected to discourage coercive takeover practices and inadequate takeover bids. These provisions are also designed
to encourage persons seeking to acquire control of Afya to first negotiate with the board of directors. However, these provisions could
also have the effect of discouraging others from attempting hostile takeovers and, as a consequence, they may also inhibit temporary fluctuations
in the market price of the Class A common shares that often result from actual or rumored hostile takeover attempts. These provisions
may also have the effect of preventing changes in the management of Afya. It is possible that these provisions could make it more difficult
to accomplish transactions that shareholders may otherwise deem to be in their best interests.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Two Classes of Common Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Class B common shares of Afya are entitled
to 10 votes per share, while the Class A common shares are entitled to one vote per share. Since they own of all of the Class B common
shares of Afya, the Esteves Family and Crescera currently have the ability to elect all directors and to determine the outcome of most
matters submitted for a vote of shareholders. This concentrated voting control could discourage others from initiating any potential
merger, takeover, or other change of control transaction that other shareholders may view as beneficial.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">So long as the Esteves Family and Crescera
have the ability to determine the outcome of most matters submitted to a vote of shareholders as well as the overall management and direction
of Afya, third parties may be deterred in their willingness to make an unsolicited merger, takeover, or other change of control proposal,
or to engage in a proxy contest for the election of directors. As a result, the fact that Afya has two classes of common shares may have
the effect of depriving you as a holder of Class A common shares of an opportunity to sell your Class A common shares at a premium over
prevailing market prices and make it more difficult to replace the directors and management of Afya.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 9.35pt">Preferred Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Our board of directors is given wide powers
to issue one or more classes or series of shares with preferred rights. Such preferences may include, for example, dividend rights, conversion
rights, redemption privileges, enhanced voting powers and liquidation preferences.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Despite the anti-takeover provisions described
above, under Cayman Islands law, our board of directors may only exercise the rights and powers granted to them under the Articles of
Association, for what they believe in good faith to be in the best interests of Afya.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Protection of Non-Controlling Shareholders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Grand Court of the Cayman Islands may,
on the application of shareholders holding not less than one fifth of the shares of Afya in issue, appoint an inspector to examine the
Company&rsquo;s affairs and report thereon in a manner as the Grand Court shall direct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Subject to the provisions of the Companies
Act, any shareholder may petition the Grand Court of the Cayman Islands which may make a winding up order, if the court is of the opinion
that this winding up is just and equitable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Notwithstanding the U.S. securities laws and
regulations that are applicable to Afya, general corporate claims against Afya by its shareholders must, as a general rule, be based on
the general laws of contract or tort applicable in the Cayman Islands or their individual rights as shareholders as established by our
Articles of Association.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">The Cayman Islands courts ordinarily would
be expected to follow English case law precedents, which permit a minority shareholder to commence a representative action against Afya,
or derivative actions in our name, to challenge (i)&nbsp;an act which is ultra vires or illegal, (ii)&nbsp;an act which constitutes a
fraud against the minority and the wrongdoers themselves control Afya, and (iii)&nbsp;an irregularity in the passing of a resolution that
requires a qualified (or special) majority.</P>


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<P STYLE="font: bold 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center">BANK CREDIT NOTE</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center"><B>No. </B>100120090017700</P>

<P STYLE="font: bold 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">I-<U>PREAMBLE</U></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; padding-right: 5.65pt; text-align: center"><B>CHART 1 &ndash; ISSUER</B></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0"><B>Name /Corporate Name: </B>AFYA PARTICIPA&Ccedil;&Otilde;ES
    S.A. <B>CPF / CNPJ/MF: </B>23.399.329/0001-72</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0"><B>Address: </B>AL OSCAR NIEMEYER 119 SUITE 504 SA</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0"><B>City: </B>NOVA LIMA <B>State: </B>MG <B>Zip Code: </B>34006-056</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0"><B>Email: </B>Not Applicable <B>Telephone: </B>Not Applicable
    <B>Fax: </B>Not Applicable</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; padding-right: 5.65pt; text-align: center"><B>CHART II &ndash; &nbsp;JOINT DEBTOR(S)</B></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; padding-right: 5.65pt">Not Applicable</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; padding-right: 5.65pt; text-align: center"><B>CHART III &ndash; COLLATERALS</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; padding-right: 5.65pt">Not Applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; padding-right: 5.65pt; text-align: center"><B>CHART V &ndash; CHARACTERISTICS OF THE SECURITY</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" ROWSPAN="3" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Principal
    Amount:</B></FONT></P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: justify">R$ 500,000,000.00 (five hundred million
    Reais)</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Net
    Credit Amount: </B></FONT></P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center">R$ 500,000,000.00 (five hundred million
    Reais)</P></TD>
    <TD COLSPAN="3" ROWSPAN="4" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center"><B>CHARGES:</B></P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Interest</B></FONT></P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: justify">a) <FONT STYLE="font-variant: small-caps"><B>Interest
    Rate</B>:</FONT> 100.00% (one hundred percent) of the CDI plus a fixed rate of 1.620000% p.a. (one point sixty-two percent per year),
    which is equivalent to 0.134008% p.m. (zero point one three four zero eight per month)</P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Issuance
    Date:</B></FONT></P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center">23/09/2020</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Disbursement
    Date:</B></FONT></P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center">01/10/2020</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Payment
    Location</B>:</FONT></P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center">S&Atilde;O PAULO</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center"><B>Taxes</B></P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: justify">IOF - paid on the credit disbursement
    date:</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt">[empty check box] with funds od the Issuer;</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt">&nbsp;</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt">[empty check box] with funds from the credit granted under
    this Security</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt">&nbsp;</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: justify">The new taxes and any increases already
    existing apply to the provisions in Section &quot;Taxes and Charges I!</P></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Maturity</B>:</FONT></P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 3.7pt">According to item PAYMENT SCHEDULE indicated below, observing
    SECTIONS &quot;Promise of payment&quot; and &ldquo;early maturity&quot;.</P></TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; padding-right: 5.65pt; text-align: center"><B>CHART V &ndash; DEBIT ACCOUNT</B></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0; text-align: center"><B>Bank</B></P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0">Ita&uacute; Unibanco S.A. - No. 341.</P></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0; text-align: center"><B>Branch</B></P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0; text-align: justify">Any current account held at Ita&uacute;
    Unibanco S/A may be charged.</P></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0; text-align: center"><B>Current Account Number</B></P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0; text-align: justify">Any current account held at Ita&uacute;
    Unibanco S/A may be charged.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="border: Black 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; padding-right: 5.65pt; text-align: center"><B>CHART VI &ndash; RELEASE ACCOUNT</B></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0; text-align: center"><B>Bank</B></P>
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0; text-align: center">341</P></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0; text-align: center"><B>Branch</B></P>
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0; text-align: center">9699</P></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0; text-align: center"><B>Account Number</B></P>
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 5.65pt 0 0; text-align: center">07952-2</P></TD>
    </TR>
  <TR>
    <TD COLSPAN="6" STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: 11pt/115% Arial, Helvetica, Sans-Serif; padding-right: 5.65pt; text-align: center"><B>CHART VII &ndash; COMPENSATION FOR EARLY SETTLEMENT</B></TD>
    </TR>
  <TR>
    <TD COLSPAN="6" STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: 11pt/115% Arial, Helvetica, Sans-Serif; padding-right: 5.65pt; text-align: justify">Positive difference, if any, between (i) the present value of the payment flow for principal and interest to be due, as calculated by the negative goodwill of such flow, based on the interest rate in force for investment of the same amount during the period from the early settlement date to the originally agreed maturity dates, and (ii) the amount of unpaid principal and interest, updated until the early settlement date, based on the charges agreed for the Security</TD>
    </TR>
  <TR>
    <TD STYLE="width: 37%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 29%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 29%">&nbsp;</TD>
    </TR>
  </TABLE>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; border-top: Black 0.5pt solid; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">INSTRUMENT: 100120090017700</P><P STYLE="text-align: left; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">AUTHENTICATION (SIM-II): A80CF2F9-3029-4A5C-A19F-0233D4B90C1</P><P STYLE="text-align: left; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">ITAU_KG_CCB_GRANT_BASERATE360 / OUTSTANDINGBALANCE / VERSIOPES_AFYA</P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR><TR><TD STYLE="text-align: right; width: 100%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --> of 11</FONT></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: 11pt/115% Arial, Helvetica, Sans-Serif; padding-right: 0.5pt; padding-left: 0.5pt; text-align: center"><B>CHART VIII - PAYMENT SCHEDULE</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: 11pt/115% Arial, Helvetica, Sans-Serif; padding-right: 0.5pt; padding-left: 0.5pt; text-align: center">EARLY INCOME FEE: NOT APPLICABLE</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 17%; border-top: Black 1pt solid; border-left: Black 1pt solid; font: 11pt/115% Arial, Helvetica, Sans-Serif; padding-right: 0.5pt; padding-left: 0.5pt; text-align: center"><B>INSTALLMENTS</B></TD>
    <TD STYLE="vertical-align: top; width: 66%; border-top: Black 1pt solid; border-left: Black 1pt solid; font: 11pt/115% Arial, Helvetica, Sans-Serif; padding-right: 0.5pt; padding-left: 0.5pt; text-align: center"><B>AMOUNT (RS)</B></TD>
    <TD STYLE="vertical-align: top; width: 17%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: 11pt/115% Arial, Helvetica, Sans-Serif; padding-right: 0.5pt; padding-left: 0.5pt; text-align: center"><B>MATURITY</B></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">1</P>
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">2</P>
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">3</P>
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">4</P>
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">5</P>
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">6</P></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">100.00 % CDI + 1.620000 % p.a. exp.</P>
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">100.00 % CDI + 1.620000 % p.a. exp.</P>
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">100.00 % CDI + 1.620000 % p.a. exp.</P>
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">100,000,000.00 + 100.00 % CDI + 1.620000 % p.a.
    exp.</P>
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">100,000,000.00 + 100.00 % CDI + 1.620000 % p.a.
    exp.</P>
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">300,000,000.00 + 100.00 % CDI + 1.620000 % p.a.
    exp.</P></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt">
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0">04/05/2021 10/04/2021 04/04/2022 10/03/2022</P>
    <P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0">04/03/2023 10/02/2023</P></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: 11pt/115% Arial, Helvetica, Sans-Serif; padding-right: 0.5pt; padding-left: 0.5pt; text-align: center"><B>CHART IX - CONTRACTING FEE (&quot;TAC&quot;)</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; font: 11pt/115% Arial, Helvetica, Sans-Serif; padding-right: 0.5pt; padding-left: 0.5pt">NOT APPLICABLE.</TD></TR>
  </TABLE>
<P STYLE="font: bold 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: bold 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">II-<U>SECTIONS</U></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>PROMISE OF PAYMENT - </B>The <B>ISSUER,
</B>qualified in the Preamble above (hereinafter referred to as <B>&ldquo;ISSUER&rdquo;), </B>shall pay at the Payment Location (indicated
above) through this <B>BANK CREDIT NOTE </B>No. 100120090017700 (&ldquo;<B>SECURITY</B>&rdquo;), issued under the terms of the legislation
in force, to <B>ITAU UNIBANCO SA </B>(hereinafter simply referred to as <B>&ldquo;LENDER&rdquo;), </B>a financial institution with address
at AV BRIG FARIA LIMA, 3500, 1st, 2nd and 3rd floors - PART; 4th AND 5th floors - ITAIM BIBI - ZIP CODE: 04538-132 - S&Atilde;O PAULO
- SP, enrolled with the CNPJ/MF under No. 60.701.190/4816-09, or to its order, in installments or in cash, on the dates and events provided
for in the Preamble of this Security (&ldquo;<B>MATURITY</B>&rdquo;), the certain, net and payable debt in cash, corresponding to the
total amount used under this Security plus other charges, taxes, fees and expenses agreed to herein (collectively the &quot;<B>AMOUNT</B>&quot;),
observing the provisions of the other Sections below.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>PURPOSE AND CREDIT RELEASE - </B>The
purpose of this Security is the granting by <B>LENDER</B> of a loan to be used by <B>ISSUER</B>. The loan contracted herein shall be made
on the Disbursement Date indicated in the Preamble.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph One - </B>When it is established
in the Preamble that the IOF (Tax on Financial Operations) shall be paid with funds from the credit granted under this Security, <B>LENDER</B>
shall withhold the tax, releasing to <B>ISSUER</B> the net amount of the credit.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Paragraph Two - </B>This credit transactions
benefits from the zero rate of the IOF-Credit (Tax on Credit Transactions), in view of the provisions of article 1 of Decree No. 10,414,
of July 2, 2020, which changed the wordings of the article 7, paragraph 20, of Decree No. 6.306, of December 14, 2007.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Three - </B>The Principal Amount
mentioned in the Preamble, after deducting the taxes and charges that are due in advance, as the case may be, shall be credited directly
to the Release Account held by <B>ISSUER,</B> as indicated in the Preamble. The credit shall be made through a transfer and/or TED (Electronic
Transfer Available) issued by <B>LENDER</B>, or as otherwise permitted or not prohibited by the rules then in force. The actual disbursement
of funds by <B>LENDER</B> shall imply its adhesion to, and agreement with, all Sections and conditions provided for in this Security.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Four - </B>Provided that the
terms of this Security are observed and complied with and the <B>ISSUER</B> instructions are followed, the transfer made by <B>LENDER</B>
to the credit of <B>ISSUER</B> or the use of other legal means of transfer shall constitute the use of the loan contracted herein, provided
that under conditions equivalent to those agreed hereunder.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Five</B> &ndash; The Exhibits
and other documents issued pursuant thereto shall be an integral part of this Security.</P>




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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Two</B> - Only in the events
the Disbursement Date occurs after the Issue Date of this Security, the disbursement to be made by <B>LENDER</B> shall be subject to
the non-occurrence of (i)any of the events set forth in Section &ldquo;Early maturity&rdquo;; or, at <B>LENDER&rsquo;s</B> reasonable
opinion, (ii) any material adverse change in the political, financial or economic conditions, domestic or international, of the foreign
exchange controls, interest, currency, or exchange rates, which may cause, by themselves, hindrances to the maintenance of the loan contracted
herein; or (iii) non-compliance with the Social and Environmental Laws, as defined in the specific clause below, especially, but not
limited to, the laws and regulations related to labor health and safety and the environment, as well as the non-encouragement, by <B>ISSUER</B>,
under no circumstances, to prostitution and child and/or slavery labor.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>CHARGES AND OTHER FINANCIAL ADDITIONS</B>
&ndash; On the Principal Amount, ISSUER shall pay the Interests referred to in the Preamble, which shall be capitalized, without prejudice
to the payment of the other Charges and Taxes agreed in the Preamble and in other Sections hereof. As defined in the Preamble, the Interest
agreed upon between the Parties may be at a pre-fixed or post-fixed rate.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph One - </B>The Interest shall
be capitalized on a daily basis, that is, calculated exponentially pro rata temporis by applying the Interest Rate indicated in the Preamble
on the outstanding Principal Amount as from the Disbursement Date. The daily capitalization shall mean the result from the accumulation,
under capitalization regime, of the percentage of the daily average CDI rate composed with the fixed rate (both indicated in the Preamble),
it being understood that (i) the CDI percentage shall be calculated based on the annual average rate (taking into account a year of 252
days) for Interbank Deposit Certificates (&ldquo;CDI&rdquo;) transactions, with a term equal to one (1) business day (over), calculated
and disclosed by CETIP - C&acirc;mara de Cust&oacute;dia e de Liquida&ccedil;&atilde;o (Custody and Settlement Chamber), rounding the
daily ration to the eighth decimal place; and (ii) the fixed rate, whenever established, shall also be calculated under capitalization
regime, but based on a year of 360 (three hundred and sixty) days. Whenever the CDI percentage is equal to zero, the Interest shall be
considered as pre-fixed.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Two</B> &ndash; Interest shall
be applied during the term of effectiveness of this Security, (i) including the Interest Rate related to the Disbursement Date, or the
date of the last payment of the principal installment, and (ii) excluding the Interest Rate related to the respective maturity date. In
the event of termination, non-disclosure or impossibility, due to any reason, of using the average daily CDI rates, during the period
in which the use of the daily average CDI rates is not possible, a replaced rate shall be used, based on the variation of the Selic Rate
of the Central Bank of Brazil (Bacen), published by <I>ANBIMA - Associa&ccedil;&atilde;o Brasileira das Entidades dos Mercado Financeiro
e de Capitais</I>.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Three</B> - In view of the
caput of this Section and its other Paragraphs, the calculation of amounts due by applying the Interest shall be made using the mathematical
formula below:</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 8pt; text-align: center"><IMG SRC="afyaform20f2020_025.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">Where:</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">a = &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;fixed
rate based on a period of 360 days;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">DC n =&#9;period of days since the Disbursement
Date or the date of last payment of interest, whichever occurs last until the respective maturity date;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">DU n =&#9;period of business days since
the Disbursement Date or the date of last payment of interest, whichever occurs last until the respective maturity date;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">P =&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CDI
percentage;</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Taxacetip =&#9;Interbank Deposit Certificate
(CDI) rate, Over, based on a period of 252 days;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">VF n =&#9;amount of each installment in
the respective maturity;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">VP n =&#9;amount of principal payment of
the n-th installment;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">n =&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;installment
number;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">SD n =&#9;principal outstanding balance
not discounting the amortized installment.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>METHOD OF PAYMENT - </B>ISSUER shall
pay all the <B>AMOUNT</B> due on the respective <B>MATURITIES</B>, mandatorily through Ita&uacute; Unibanco S.A., qualified above, which
is appointed irrevocably and irreversibly by <B>ISSUER</B> as paying agent of this Security, even though it no longer appears as <B>LENDER</B>
(and, upon exercising such functions, shall hereinafter referred to as &ldquo;<B>PAYING AGENT</B>&rdquo;).</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph One - </B>For the purposes
of the caput of this Section, <B>ISSUER</B> hereby authorizes, irrevocably and irreversibly, the <B>PAYING AGENT</B> to debit the amounts
necessary for settlement of the debt arising from this Security, to the Debit Account indicated in the Preamble, held at <B>LENDER</B>,
which shall have sufficient balance by 4 p.m. on the day of the respective maturity.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Two - </B>If the Debit Account
is not informed in the Preamble, <B>ISSUER</B> shall, irrevocably and irreversibly, to make payments on the <B>MATURITY</B> dates through
a TED sent directly to the <B>PAYING AGENT</B> to the current account No. ________, until the end of the banking day of the respective
maturity.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Three &ndash; </B>The <B>PAYING
AGENT</B> does not provide any guarantee to <B>LENDER</B> regarding the faithful and timely fulfillment of the <B>ISSUER&rsquo;s</B> obligations
arising from this Security, and shall only pay <B>LENDER</B> in case it timely receives from <B>ISSUER</B> the full amount of the overdue
obligation.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Four &ndash; </B>The <B>PAYING
AGENT</B> may discharge itself from its functions by sending a notice to <B>ISSUER</B>, in which case <B>ISSUER</B> and <B>LENDER</B>
shall establish the new form of payment.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Five</B> &ndash; Any receipt
of installment beyond the agreed term shall constitute a mere forbearance, and shall not affect the <B>MATURITIES</B> or the other items
and conditions of this Security, nor it shall imply a novation or change to the terms agreed to herein, including with respect to charges
resulting from default.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Six - </B>In the event any
maturity day (whether of principal, Charges, Taxes and financial additions) provided for in this Security occurs in a national, municipal
or banking holidays, <B>ISSUER</B> shall make the payment on the first subsequent business day.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Seven &ndash; ISSUER </B>may
make the early payment, in whole or in part, of this Security, provided it does so in compliance with the provision in Section &ldquo;Early
settlement&rdquo; of this Security.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Eight - </B>Payments made by
<B>ISSUER</B> or any <B>JOINT DEBTOR</B> shall be applied in the following order: (i) first, for payment of late charges and any due and
unpaid taxes and/or expenses; (ii) second, for payment of compensatory interest; and (iii) third, for payment of the Principal.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Nine - </B>LENDER shall makes
statements or calculation spreadsheets available to <B>ISSUER</B>, which shall be sent to <B>ISSUER</B> whenever it makes a request to
that effect. <B>LENDER</B> may sent to <B>ISSUER</B> such statements and calculation spreadsheets even without the receipt of any request.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Ten - ISSUER</B> and the <B>JOINT
DEBTOR(S)</B> acknowledge that the statements of the debit account referred to above and the calculation spreadsheets presented by <B>LENDER
</B>are part of this Security, and the amounts contained therein, determined in accordance with this Security, are net, certain and determined.
If <B>ISSUER</B> does not agree with the amounts contained in any statement or calculation spreadsheet, <B>ISSUER</B> shall inform <B>LENDER
</B>in writing, and <B>ISSUER</B> and <B>LENDER</B> shall, within a period of 5 (five) days, use their best efforts to, in good faith,
reach an agreement on the amount due. If there is an agreement, <B>ISSUER</B> shall pay the agreed amount within the deadline and subject
to the terms of payment provided for in this section. In case of disagreement, the undisputed amount shall be paid by <B>ISSUER</B> under
the terms of this CCB, and the disputed amount shall be paid submitted to a resolution of dispute under the terms of this Security. If
the claim is not made after the period of five (5) days from acknowledgement of the statements and/or calculation spreadsheet, the statements
and the calculation spreadsheet shall constitute a documental evidence of use, certainty and net nature of the credit.</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>PAYMENT LOCATION - </B>In the event of
payments due under this Security, including the additions established above, are not made through a current debit account, without prejudice
to the applicable legal rules and regulations, the payments shall be made directly to the <B>PAYING AGENT</B>, in any of its branches
and/or affiliates, directly to the same or on its order.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>EARLY MATURITY - </B>The debt contained
in this Security may be considered early and immediately due and payable, regardless of any judicial and/or extrajudicial notice, upon
the occurrence of any of the following events, which the parties hereby recognize to be a direct cause for an undue increase of risk of
default on the obligations undertaken by <B>ISSUER</B> and/or <B>JOINT DEBTOR(S)</B>, increasing for <B>LENDER</B> the burdensome of the
obligation undertaken by it of granting the credit under this Security:</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; line-height: 115%"><B>a)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>non-compliance by <B>ISSUER</B> and/or any <B>JOINT DEBTOR</B>, within the due time and under the proper form, with any monetary
obligation, whether principal or ancillary, arising from this Security, or any other financial debt under the responsibility of <B>ISSUER</B>
and/or any <B>JOINT DEBTOR</B>, including any obligation contracted with other companies members of the <B>LENDER</B> economic group,
which non-compliance is not remedied within 02 (two) days from the date of default;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; line-height: 115%"><B>b)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>non-compliance by <B>ISSUER</B> and/or any <B>JOINT DEBTOR</B>, within the due time and under the proper form, of any non-monetary
obligation provided for in this Security, which non-compliance is not remedied within 10 (ten) days from the date of default;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; line-height: 115%"><B>c)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>ISSUER</B> is subject to a petition for bankruptcy, provided that it is not stayed within the legal term, or file for and/or has
its bankruptcy ordered, or is dissolved or, in case <B>ISSUER</B> is an individual, in the event of death, insolvency (whether or not
determined) or interdiction;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; line-height: 115%"><B>d)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>a security issued against <B>ISSUER</B> with an individual amount greater than R$ 30,000,000.00 (thirty million Reais) is subject
to a legal protest, which is not stayed or remedied within 30 (thirty) days, for which payment <B>ISSUER </B>is still liable, even as
guarantor, provided it is not canceled within 5 (five) business days;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; line-height: 115%"><B>e)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>death, insolvency, interdiction, dissolution, filing for and/or order of bankruptcy of any <B>JOINT DEBTOR</B> and/or other
co-obligors under this Security, without <B>ISSUER</B> having appointed suitable substitute(s), previously accepted by <B>LENDER</B>,
within 10 (ten) days from the occurrence of such event;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; line-height: 115%"><B>f)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>ISSUER</B> and/or the <B>JOINT DEBTOR(S)</B> propose an extrajudicial recovery plan to <B>LENDER</B> or to any other lender or
class of lenders, regardless of whether a judicial approval of such plan has been requested or obtained;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; line-height: 115%"><B>g)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>ISSUER</B> and/or the <B>JOINT DEBTOR(S)</B> files a request for judicial reorganization, regardless of whether the reorganization
proceeding has been granted or authorized by the proper court;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; line-height: 115%"><B>h)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>a material change in <B>ISSUER&rsquo;s</B> and/or any <B>JOINT DEBTOR&rsquo;s</B> economic and financial conditions, which
results in a 50% (fifty percent) or more reduction of <B>ISSUER&rsquo;s </B>and/or any <B>JOINT DEBTOR&rsquo;s</B> EBITDA LTM in relation
to their latest released ratios;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; line-height: 115%"><B>i)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>material modification or change in the corporate purpose and/or main activities conducted by <B>ISSUER</B> or any <B>JOINT
DEBTOR</B>, so as to replace or add to the current main activities new businesses that prevail or may represent deviations from the main
activities currently developed, and which <B>LENDER</B> has proved may cause a financial loss to <B>LENDER</B>;</P>




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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; line-height: 115%"><B>j)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>if there is any transfer or assignment, direct or indirect, of the corporate/shareholding control, or even the merger, combination
or spin-off, in the last three events, provided that they imply a reduction of more than 30% (thirty percent) of the capital stock of
<B>ISSUER</B> and/or any <B>JOINT DEBTOR</B>, without the prior and express agreement of <B>LENDER</B>. If <B>ISSUER</B> notifies <B>LENDER
</B>and <B>LENDER</B>, within 20 (twenty) days from the receipt of the notice, do not indicate whether or not it approves such corporate
transaction, such transaction shall be deemed to have been approved, being <B>ISSUER</B> free and clear to carry out the business. Corporate
transactions that are made within the <B>ISSUER</B> economic group and/or by virtue of a succession are not included in the limitations
under this Section;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; line-height: 115%"><B>k)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>it is found any proven (by final and unappealable court decision) noncompliance, falsehood, inaccuracy or omission attributable
to <B>ISSUER</B> and/or any <B>JOINT DEBTOR</B>, in any statement, information and/or document that has been signed, provided or delivered
by <B>ISSUER</B> and/or any <B>JOINT DEBTOR</B>, relating to this Security, which is proven to have a material financial effect on <B>LENDER</B>;
or</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; line-height: 115%"><B>l)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>non-compliance by <B>ISSUER</B> and/or any <B>JOINT DEBTOR</B> of the Social and Environmental Legislation, as defined in the
Social and Environmental Section below, and provided that: (a) it is proven, by a final and unappealable court decision, (b) to cause
a proven financial or reputational effect on <B>LENDER</B>, in particular, but not limited to the legislation and regulations related
to occupational health and safety and the environment, and if <B>ISSUER</B> encourages, in any way, prostitution or uses in its activities
child and/or like-slavery labor, provided that in any of these three events the term of cure shall not be applied.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>LATE PAYMENT AND PENALTY -</B> If any
of the obligations contained in this Security are not timely fulfilled, including in the event of early maturity thereof, <B>ISSUER</B>
and <B>JOINT DEBTOR(S)</B> shall be in default, regardless of whether they receive any judicial and/or extrajudicial notice of <B>LENDER</B>,
so that <B>ISSUER</B> and <B>JOINT DEBTOR(S)</B> undertake to pay, during the period in default and on all amounts due under this Security:</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-indent: 0in"><FONT STYLE="font-size: 12pt; line-height: 115%">a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Compensatory interest provided for in the Preamble, capitalized on a daily basis;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-indent: 0in"><FONT STYLE="font-size: 12pt; line-height: 115%">b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Non-compensatory penalty of 2% (two percent) calculated on the total/originally due amount; and</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; line-height: 115%">c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Default interest, at an effective rate of 1% (one percent) per month, capitalized on a &quot;pro rata temporis daily basis&quot;.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Sole Paragraph</B> - Charges set forth
herein, indicated in items &ldquo;a&rdquo; and &ldquo;b&rdquo; above, shall be calculated and capitalized until the final settlement of
the debt.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Expenses &ndash; ISSUER </B>shall bear
any and all regular or extraordinary expenses and charges duly proven, especially, without limitation, the expenses with the collection
of this Security, certification of signatures and/and registrations and/or records in notary offices, in cases in which the registration
is required for its validity and effectiveness, at the discretion of <B>LENDER</B>, as well as any other expenses that <B>LENDER</B> is
required to incur in relation to this Security or for maintenance of its collaterals, including their respective amendments, and such
expenses shall be paid by <B>ISSUER</B> to <B>LENDER</B> through a debit in the Debit Account, within 10 (ten) days from the <B>LENDER</B>'s
confirmation of the expenses and charges disbursed for funding such activities.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Sole Paragraph - </B>In case there is
a need for <B>LENDER</B> to charge any <B>AMOUNT</B> due under this Security, even in case of proof of credit or enforcement against an
insolvent debtor, <B>ISSUER</B> and/or <B>JOINT DEBTOR(S)</B> are required to pay to <B>LENDER</B> the expenses and attorneys' fees proven
to be incurred with the judicial and extrajudicial procedures initiated, which shall be reasonable and in accordance with the market standard,
and the amount of attorney's fees, if any, in case of loss shall be awarded in court, regardless of payment of principal, interest, commissions,
default interest and any charges and/or expenses provided for in this Security or by law.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Taxes and Charges - <B>ISSUER</B> and/or
<B>JOINT DEBTOR(S)</B> represent themselves to be aware of, and agree that <B>LENDER</B> may demand payment and/or transfer the burden
of any tax, contributions and/or other charges that may and/or will be levied on this Security in the future as a result of the existence,
increase and/or creation of such taxes, contributions and/or other charges, provided that such taxes, contributions and or/charges have
<B>ISSUER</B> and/or <B>JOINT DEBTOR(S)</B> as a taxpayer under the terms of the current legislation. To this end, <B>ISSUER</B> and
<B>JOINT DEBTOR(S)</B> hereby recognize as liquid, certain and payable any and all amounts that may be presented against them by <B>LENDER
</B>pertaining to such taxes, contributions and/or other charges, which shall be settled by <B>ISSUER</B> and/or <B>JOINT DEBTOR(S)</B>
upon presentation of such amounts by <B>LENDER</B>, under penalty of early maturity of this Security and enforcement of its collaterals.</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Sole Paragraph - ISSUER</B> hereby authorizes
<B>LENDER</B>, on an irrevocable and irreversible basis, to debit against the <B>ISSUER</B>'s current account the amounts provided for
in this Section, including, but not limited to, those related to the IOF and its charges.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>OFFSETTING OF AMOUNTS - </B>In the event
<B>ISSUER</B> or <B>JOINT DEBTOR </B>owes any amount under this Security, <B>ISSUER</B> and/or <B>JOINT DEBTOR(S)</B> hereby irrevocably
authorize <B>LENDER</B> to proceed with the offsetting, under the terms of article 368 and seq. of the Civil Code, between its credit
represented by the outstanding balance of <B>ISSUER</B> and/or <B>JOINT DEBTOR(S)</B> before <B>LENDER</B> and any credits and investment,
the redemption of which is hereby authorized by them, that <B>ISSUER</B> and/or <B>JOINT DEBTOR(S)</B> may or shall have against <B>LENDER</B>
and/or any affiliate of <B>LENDER</B>, including balances in <B>ISSUER</B>'s bank account, free of any restrictions and/or of free operation,
in Brazil and/or abroad, regardless of prior notice.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>EARLY SETTLEMENT - </B>The term of <B>ISSUER'</B>s
obligations arising from this Security was established in the interest of both parties, so that the early payment by <B>ISSUER</B> shall
constitute fulfillment of an out-of-term obligation. The parties therefore hereby establish that, in the event of early settlement of
the outstanding balance at the discretion of <B>ISSUER</B>, on the date of early payment the following conditions shall be observed:</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; line-height: 115%"><B>a)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>ISSUER</B> shall express its intention to early settle this Security, with a minimum advance of 1 (one) business day from the date
of settlement;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; line-height: 115%"><B>b)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>ISSUER</B> shall only be able to make the early settlement upon prior agreement of <B>LENDER</B>, and after obtaining all necessary
authorizations, including from the Central Bank of Brazil, if applicable.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; line-height: 115%"><B>c)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>The payment due to <B>LENDER</B> by <B>ISSUER</B> shall consist of the unpaid amount of principal and interest, updated until
the early settlement date, based on the charges agreed under this Security, plus the Compensation for Early Settlement provided for in
the Preamble, being <B>ISSUER</B> also liable for the payment of taxes that may be levied thereon.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Sole Paragraph &ndash; </B>In case Ita&uacute;
Unibanco S.A. no longer appears as <B>LENDER</B> under this Security, the <B>PAYING AGENT</B> shall not be responsible for the calculations
necessary to effect the early payment of the amounts due under this Security, which shall be agreed between <B>LENDER</B> and <B>ISSUER</B>.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>ENDORSEMENT OR ASSIGNMENT - LENDER</B>
may only endorse this Security or assign the credits arising therefrom, together with all its accessories, to any third party, in which
event the term <B>LENDER</B> shall refer to the endorser or assignee, as the case may be, who shall then exercise the rights and prerogatives
inherent thereto. However, any changes to the commercial conditions and terms agreed herein shall depend on the prior, express and clear
consent of <B>ISSUER</B> and/or <B>JOINT DEBTOR(S)</B>.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph One - </B>For the purposes
of the provisions of this Section, <B>ISSUER</B> and <B>JOINT DEBTOR(S)</B> authorize <B>LENDER</B> to provide the potential endorsers
and/or assignees with all information related to this Security, its exhibits and ancillary agreements, including documents attesting their
proper delivery, as well as the financial statements for <B>ISSUER</B> and/or <B>JOINT DEBTOR(S)</B>.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Two - </B>This Security may
be registered in a custody and financial settlement system duly authorized to operate by the Central Bank of Brazil or by the Brazilian
Securities and Exchange Commission, in the respective levels of jurisdiction, in which case the <B>PAYING AGENT</B> shall appear as a
registrar and custodian institution of this Security, being responsible for its physical safeguard.</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Three - </B>In the event of
default of any monetary obligation due under this Security, the <B>PAYING AGENT</B> shall write-down it from the custody and financial
settlement system in which it is registered, and shall hand it over to the person who then appears as its <B>LENDER</B>, to take the judicial
or extrajudicial remedies that it considers appropriate.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Four - ISSUER</B> hereby agrees
with the collection of interest, charges and other financial additions originally provided for in this Security, including in case of
court collection of overdue amounts, even if the endorsement or assignment of credits has occurred under the caput of this Section.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>SOCIAL AND ENVIRONMENTAL PROVISIONS -
ISSUER</B> represents it complies on the date hereof, and agrees to comply, throughout the term hereof, in all its relevant aspects and
to the best of its knowledge, with the legislation and regulations related to the environment and occupational health or safety, including
the non-use of slave and child labor, and that its activities do not encourage prostitution (&ldquo;Social and Environmental Legislation&rdquo;).
Furthermore, <B>ISSUER</B> agrees not to use amounts subject to this Security that may imply a violation of the Social and Environmental
Legislation.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph One - ISSUER</B> shall deliver
to <B>LENDER</B>, within 15 (fifteen) business days from the request in this regard, or in a shorter period, if required to comply with
an order of a proper authority, a copy of documents and/or other information related to social and environmental aspects of its activity,
such as licenses, authorizations, grants, studies, reports, judicial and administrative proceedings.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Two - ISSUER</B>, upon conviction
in an appellate court, shall reimburse <B>LENDER</B> for any amount it incurs or is required to pay due to non-compliance with the Social
and Environmental Legislation, upon implementation and operation of its activities, and shall indemnify <B>LENDER </B>for any losses and
damages that it may suffer related to social and environmental damages that have occurred in the scope of its activities.</P>

<P STYLE="font: bold 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">FURTHER OBLIGATIONS OF ISSUER AND JOINT DEBTOR(S):</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; line-height: 115%"><B>a)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>ISSUER</B> and/or <B>JOINT DEBTOR(S)</B> undertake the responsibility for keeping their addresses and registration data constantly
updated and in writing with <B>LENDER</B>. For the purpose of communication/awareness about any act or fact arising from this Security,
they shall be automatically considered to be notified, regardless of any additional formality, at the respective addresses that have been
indicated in the Preamble.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; line-height: 115%"><B>b)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>ISSUER</B> is responsible for the veracity and accuracy of the data and information provided or sent to <B>LENDER</B> through this
Security or by other means.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; line-height: 115%"><B>c)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>ISSUER</B> undertakes to deliver to <B>LENDER</B> (even to those who shall become a <B>LENDER</B> under Section &ldquo;Endorsement
or assignment&rdquo;), on the date requested by <B>LENDER</B> in this regard, the documents requested to update those already delivered
or any other that may be required by the rules in force, or due to the determination or guidance of the proper authorities.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>ANTICORRUPTION - </B>The Parties, by
themselves, their parent companies, controlled companies, affiliates, management, shareholders with management powers, and their respective
employees, especially those who may perform this Agreement, hereby state to be aware of the terms of the laws and regulations applicable
to them, and which address harmful acts against the public administration, in particular Law No. 12.846/13, the FCPA - Foreign Corrupt
Practices Act and the UK Bribery Act, and which maintains policies and/or internal procedures aiming at the fulfillment of such rules.
The Parties also undertake to refrain from any activity that constitutes a violation of the provisions contained in such legislation,
and represent they shall make the best efforts so that any of their subcontractors undertake to observe the provisions hereof.</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>ANTI-MONEY LAUNDERING - ISSUER</B> by
itself, its parent companies, affiliates, controlled companies, affiliates, management, shareholders with management powers and their
respective employees, hereby represents that they are in compliance with the applicable anti-money laundering and combating of terrorism
laws, in particular Law No. 9,613, of March 3, 1998, as amended by Law No. 12,683, of July 9, 2012, as well as any sanctions administered
or imposed by the U.S. Department of the Treasury's Office of Foreign Assets Control (&ldquo;OFAC&rdquo;), United Nations Security Council,
European Union and Her Majesty&rsquo;s Treasury (collectively, &ldquo;Sanctions&rdquo;).</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph One - ISSUER</B> is aware that
<B>LENDER</B> has internal policies for preventing and combating the crime of money laundering and financing of terrorism and is aware
of the Sanctions, and may refuse, at any time and without any burden to <B>LENDER</B>, to enter into transactions that do not comply with
such policies, which prevent <B>LENDER</B> from carrying out transactions involving individuals or entities (&ldquo;Persons&rdquo;) that
are such Persons or are owned or controlled by Persons who are: (i) subject to the Sanctions and/or (ii) located, organized or resident
in Sanctioned countries or territories, as defined in the <B>LENDER</B>'s internal policies, provided that such policies may be amended
from time to time.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Two - ISSUER</B> represents
that neither <B>ISSUER </B>nor, to the best of its knowledge, any of its subsidiaries, any director, officer, employee, agent or affiliate
are individuals or entities (&ldquo;Person&rdquo;) who are such Persons or are owned or controlled by Persons who are: (i) subject to
the Sanctions, or (ii) located, organized or resident in Sanctioned countries or territories.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Three - ISSUER</B> undertakes
to notify <B>LENDER</B> immediately in the event of any material violation of the provisions above.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Four - </B>If <B>ISSUER</B>
identifies a violation of any of the above provisions, <B>ISSUER</B> shall, provided it does not violate the applicable laws and regulations,
cooperate in good faith with <B>LENDER</B> and its representatives to determine whether such violation has in fact occurred, and <B>ISSUER</B>
shall answer promptly and with reasonable details to any <B>LENDER</B> notice, and shall provide supporting documents at <B>LENDER</B>'s
request.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>FORBEARANCE</B> &ndash; <B>LENDER</B>
abstention from exercising any rights or options entitled to it, arising out of law or this Security, or any agreement with delays in
the compliance with the obligations undertaken herein by <B>ISSUER</B>, shall not imply a novation or prevent <B>LENDER</B> from exercising,
at any time, such rights and options.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>DISCLOSURE OF LATE PAYMENT - </B>In the
event of non-compliance with any obligation of <B>ISSUER</B> and/or <B>JOINT DEBTOR(S)</B> arising from this Security, <B>LENDER</B> may
communicate such fact to proper body responsible for the registration of such late payment and non-compliance with contractual obligation.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>CREDIT INFORMATION SYSTEM (SCR) - ISSUER</B>
and/or <B>JOINT DEBTOR(S) </B>hereby authorize, at any time, even after the termination of this Security, <B>LENDER</B>, the companies
members of Ita&uacute; Unibanco Group and the other institutions capable of consulting the SCR in accordance with the regulations, and
which may acquire, receive or express interest in acquiring or receiving, in whole or in part, credit transactions for which <B>ISSUER</B>
and/or <B>JOINT DEBTOR(S) </B>are responsible (&ldquo;Authorized Institutions&rdquo;), to consult the SCR information on that matter.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph One - </B>The SCR consists
of information sent to the Central Bank of Brazil (BACEN) about credit transactions, under the terms of the regulations. Its purpose is
to provide BACEN with information for credit monitoring in the financial and supervision system, in addition to enabling the exchange
of information between financial institutions.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Two - ISSUER</B> and/or <B>JOINT
DEBTOR(S) </B>represent to be aware that consultations to the SCR shall be made based on this authorization, and that companies members
of Ita&uacute; Unibanco Group may exchange among themselves the information on <B>ISSUER</B> and/or <B>JOINT DEBTOR(S)</B> contained in
their registration.</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Three - ISSUER</B> and/or <B>JOINT
DEBTOR(S) </B>further represent to be aware that data on the amount of their debts due and to be due, including overdue and bad debts,
as well as the amount of obligations they have undertaken and the collaterals they have provided, shall be provided to BACEN and registered
with the SCR, and such representation shall be deemed as a prior notice of such records.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Four - ISSUER</B> and/or <B>JOINT
DEBTOR(S) </B>may have access, at any time, to their data in the SCR through the means made available by BACEN, including its website
and, in case of divergence, request its correction, exclusion or registration of statement of disagreement, as well as registration of
any legal measures, upon request to the call center of the institution that performed the registration of data in the SCR.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>HANDLING OF PERSONAL DATA - LENDER</B>
and other companies members of Ita&uacute; Unibanco Group handle personal data of individuals (such as customers, representatives and
partners/shareholders/employees of corporate clients) for several purposes related to the performance of our activities, such as (i) offering,
disclosure, provision of services and products; (ii) evaluation of products and services most appropriate to the profile; (iii) financial,
credit, investment, security, social security and collection activities; (iv) compliance with legal and regulatory obligations and requests
made by court and administrative authority; (v) for the regular exercise of rights and for administrative and judicial proceedings; (vi)
analysis, management and addressing of potential risks, including credit, fraud and security; (vii) identity and personal data verification,
including biometric data for the purposes of authentication, security and/or fraud prevention on our own or third-party systems; (viii)
evaluation, maintenance and improvement of our services; (xi) events of legitimate interest, such as development and offering of products
and services.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph One -</B> The personal information
collected may be shared, provided that previously approved by our Privacy Policy for the purposes set forth herein, such as, with the
companies members of Ita&uacute; Group, service providers and suppliers in Brazil and abroad, regulatory bodies and public entities, including
administrative and legal authorities and also strategic partners, in order to offer products and services. We shall only share data to
the extent necessary, safely and in accordance with applicable law.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Two -</B> The Corporate Clients
that provide personal information (such as clients, counterparties, representatives and partners/shareholders/employees) for performance
of the Ita&uacute; activities shall comply with applicable legislation for data protection, privacy and confidentiality, including with
respect to the information provided to the personal information subjects regarding the sharing of such personal information with <B>LENDER</B>.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Paragraph Three -</B> For further information
on personal data, the purposes for the handling and sharing of personal information and respective rights regarding the personal information
(such as correction, access to data and information on handling, exclusion, blocking, elimination, objection and portability of personal
information), access our Privacy Policy at the websites and applications.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>PREEMPTIVE RIGHT - </B>During the effectiveness
of this Security, <B>ISSUER</B> warrants to <B>LENDER</B> the right preemptive to act, in equal or better conditions as proposed by other
prime financial institutions, as a counterparty in debt transactions in the Capital Markets that are carried out in the Brazilian market,
and which are aimed to the early settlement of the obligations provided for in this Security.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>JURISDICTION</B> &ndash; The Courts of
the Judicial District of the Capital of the State of S&atilde;o Paulo are elected to settle any doubts arising out of or based on this
Security and its collaterals, being <B>LENDER</B> however able to choose the courts in the jurisdiction of the <B>ISSUER&rsquo;s</B> head
offices and/or the address/domicile of <B>JOINT DEBTOR(S),</B> excluding any other courts, however privileged it may be.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ALL AMENDMENTS TO THIS BANK CREDIT NOTE
SHALL HAVE THE EXPRESS AND WRITTEN CONSENT OF LENDER, WITHOUT PREJUDICE TO ANY OTHER LEGAL FORMALITIES.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">S&atilde;o Paulo, September 23, 2020.</P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; border-top: Black 0.5pt solid; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">INSTRUMENT: 100120090017700</P><P STYLE="text-align: left; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">AUTHENTICATION (SIM-II): A80CF2F9-3029-4A5C-A19F-0233D4B90C1</P><P STYLE="text-align: left; font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">ITAU_KG_CCB_GRANT_BASERATE360 / OUTSTANDINGBALANCE / VERSIOPES_AFYA</P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR><TR><TD STYLE="text-align: right; width: 100%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --> of 11</FONT></TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt Arial, Helvetica, Sans-Serif"><B>ISSUER</B></TD>
    <TD STYLE="width: 84%; border-bottom: Black 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">/s/ AFYA PARTICIPA&Ccedil;&Otilde;ES SA</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">AFYA PARTICIPA&Ccedil;&Otilde;ES SA</TD></TR>
  </TABLE>
<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>This signature page is a full and inseparable part of this
instrument No. 100120090017700, entered into on 09/23/2020</B></P>

<P STYLE="font: bold 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">JOINT DEBTOR(S)</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">Not Applicable.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: right">Exhibit 8.01</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">LIST OF SUBSIDIARIES OF AFYA LIMITED</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 78%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Name
    of Subsidiary</P></TD>
    <TD STYLE="width: 22%; padding-right: 2.9pt; padding-left: 2.9pt">
    <P STYLE="border-bottom: Black 0.5pt solid; font: bold 8pt/9pt Times New Roman, Times, Serif; margin: 1pt 0 2pt; text-align: center">Jurisdiction
    of Incorporation or Organization</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Afya Participa&ccedil;&otilde;es S.A.&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">CBB Web Servi&ccedil;os e Transmiss&otilde;es On Line S.A.(*)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Centro de Ci&ecirc;ncias em Sa&uacute;de de Itajub&aacute; S.A.&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Centro Integrado de Sa&uacute;de de Teresina Ltda.&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">ESMC Educa&ccedil;&atilde;o Superior Ltda.&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">FADEP &ndash; Faculdade Educacional de Pato Branco Ltda.&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">IESP&mdash;Instituto de Ensino Superior do Piau&iacute; S.A.&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Instituto de Educa&ccedil;&atilde;o Superior do Vale do Parna&iacute;ba S.A.&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Instituto de Pesquisa e Ensino M&eacute;dico do Estado de Minas Gerais Ltda.&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Instituto Educacional Santo Agostinho S.A.&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Instituto Paraense de Educa&ccedil;&atilde;o e Cultura Ltda.&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">IPTAN&mdash;Instituto de Ensino Superior Presidente Tancredo de Almeida Neves S.A.&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">ITPAC Porto Nacional&mdash;Instituto Tocantinense Presidente Ant&ocirc;nio Carlos S.A&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">ITPAC&mdash;Instituto Tocantinense Presidente Ant&ocirc;nio Carlos S.A&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Uni&atilde;o Educacional do Vale do A&ccedil;o S.A&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Medcel Editora e Eventos S.A.&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">RD Administra&ccedil;&atilde;o e Participa&ccedil;&otilde;es Ltda. (**)&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Sociedade Universit&aacute;ria Redentor S.A&#9;</TD>
    <TD STYLE="padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Centro Universit&aacute;rio S&atilde;o Lucas Ltda. &#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">PEBMED Institui&ccedil;&atilde;o de Pesquisa M&eacute;dica e Servi&ccedil;os Tecnol&oacute;gicos da &Aacute;rea da Sa&uacute;de S.A. &#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Faculdade de Ensino Superior da Amaz&ocirc;nia Reunida&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">MedPhone Tecnologia em Sa&uacute;de Ltda. &#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Faculdade de Ci&ecirc;ncias M&eacute;dicas da Para&iacute;ba&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">iClinic Participa&ccedil;&otilde;es S.A. &#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">iClinic Desenvolvimento de Software Ltda. &#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Black River Brazil Participa&ccedil;&otilde;es S.A. &#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Medicinae Solutions S.A.&#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Medical Harbour Aparelhos M&eacute;dico-Hospitalares e Servi&ccedil;os em Tecnologia Ltda. &#9;</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-right: 9.35pt; padding-bottom: 2pt; padding-left: 9.35pt; text-indent: -9.35pt">Cliquefarma Drogarias Online Ltda.</TD>
    <TD STYLE="vertical-align: top; padding-right: 2.9pt; padding-bottom: 2pt; padding-left: 2.9pt; text-align: center">Brazil</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(*) CBBW was merged by Medcel on May 1, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(**) RD Administra&ccedil;&atilde;o e Participa&ccedil;&otilde;es Ltda
was merged by Afya Participa&ccedil;&otilde;es S.A. (Afya Brazil) on December 15, 2020</P>


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<TYPE>EX-12.1
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<DESCRIPTION>EX-12.1
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: right">Exhibit 12.1</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">CERTIFICATION BY THE PRINCIPAL EXECUTIVE
OFFICER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><FONT STYLE="background-color: white">I,</FONT>&#9;Virgilio Deloy
Capobianco Gibbon, certify that:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>I have reviewed this annual report on Form 20-F for the year ended December 31, 2020 of Afya Limited (the &ldquo;Company&rdquo;);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period
covered by this report;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows of the Company as of, and for, the periods presented in this report;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">4.</TD><TD>The Company&rsquo;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company and have:</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is being prepared;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD><FONT STYLE="background-color: white">Designed such internal control over &#64257;nancial reporting, or caused such internal control
over &#64257;nancial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of &#64257;nancial
reporting and the preparation of &#64257;nancial statements for external purposes in accordance with generally accepted accounting principles</FONT>;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD>Evaluated the effectiveness of the Company&rsquo;s disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;
and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD>Disclosed in this report any change in the Company&rsquo;s internal control over financial reporting that occurred during the period
covered by the annual report that has materially affected, or is reasonably likely to materially affect, the Company&rsquo;s internal
control over financial reporting; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">5.</TD><TD>The Company&rsquo;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial
reporting, to the Company&rsquo;s auditors and the audit committee of the Company&rsquo;s board of directors (or persons performing the
equivalent functions):</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the Company&rsquo;s ability to record, process, summarize and report financial information;
and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD>Any fraud, whether or not material, that involves management or other employees who have a significant role in the Company&rsquo;s
internal control over financial reporting.</TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.75pt; padding-bottom: 24pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.75pt">/s/ Virgilio Deloy Capobianco Gibbon</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Virgilio Deloy Capobianco Gibbon</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Chief Executive Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Date: April 30, 2021</P>


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<DOCUMENT>
<TYPE>EX-12.2
<SEQUENCE>6
<FILENAME>ex12-2.htm
<DESCRIPTION>EX-12.2
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: right">Exhibit 12.2</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">CERTIFICATION BY THE PRINCIPAL FINANCIAL
AND ACCOUNTING OFFICER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">I, Luis Andr&eacute; Carpintero Blanco, certify that:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>I have reviewed this annual report on Form 20-F for the year ended December 31, 2020 of Afya Limited (the &ldquo;Company&rdquo;);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period
covered by this report;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows of the Company as of, and for, the periods presented in this report;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">4.</TD><TD>The Company&rsquo;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e) for the Company and have:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is being prepared;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD><FONT STYLE="background-color: white">Designed such internal control over &#64257;nancial reporting, or caused such internal control
over &#64257;nancial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of &#64257;nancial
reporting and the preparation of &#64257;nancial statements for external purposes in accordance with generally accepted accounting principles</FONT>;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD>Evaluated the effectiveness of the Company&rsquo;s disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;
and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD>Disclosed in this report any change in the Company&rsquo;s internal control over financial reporting that occurred during the period
covered by the annual report that has materially affected, or is reasonably likely to materially affect, the Company&rsquo;s internal
control over financial reporting; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">5.</TD><TD>The Company&rsquo;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial
reporting, to the Company&rsquo;s auditors and the audit committee of the Company&rsquo;s board of directors (or persons performing the
equivalent functions):</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the Company&rsquo;s ability to record, process, summarize and report financial information;
and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD>Any fraud, whether or not material, that involves management or other employees who have a significant role in the Company&rsquo;s
internal control over financial reporting.</TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.75pt; padding-bottom: 24pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.75pt">/s/ Luis Andr&eacute; Carpintero Blanco</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Luis Andr&eacute; Carpintero Blanco</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Chief Financial Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Date: April 30, 2021</P>


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<DOCUMENT>
<TYPE>EX-13.1
<SEQUENCE>7
<FILENAME>ex13-1.htm
<DESCRIPTION>EX-13.1
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: right">Exhibit 13.1</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">CERTIFICATION PURSUANT TO 18 U.S.C. SECTION
1350 AS ADOPTED<BR>
PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections
(a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code), the undersigned officer of Afya Limited (the &ldquo;Company&rdquo;),
does hereby certify, to such officer&rsquo;s knowledge, that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">The Annual Report on Form 20-F for the year ended December 31, 2020
of the Company (the &ldquo;Report&rdquo;), as filed with the U.S. Securities and Exchange Commission on the date hereof, fully complies
with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and information contained in the Report fairly
presents, in all material respects, the financial condition and results of operations of the Company.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.75pt; padding-bottom: 24pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.75pt">/s/ Virgilio Deloy Capobianco Gibbon</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Virgilio Deloy Capobianco Gibbon</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Chief Executive Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Date: April 30, 2021</P>


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<DOCUMENT>
<TYPE>EX-13.2
<SEQUENCE>8
<FILENAME>ex13-2.htm
<DESCRIPTION>EX-13.2
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: right">Exhibit 13.2</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 10pt 0; text-align: center">CERTIFICATION PURSUANT TO 18 U.S.C. SECTION
1350 AS ADOPTED<BR>
PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections
(a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code), the undersigned officer of Afya Limited (the &ldquo;Company&rdquo;),
does hereby certify, to such officer&rsquo;s knowledge, that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">The Annual Report on Form 20-F for the year ended December 31, 2020
of the Company (the &ldquo;Report&rdquo;), as filed with the U.S. Securities and Exchange Commission on the date hereof, fully complies
with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and information contained in the Report fairly
presents, in all material respects, the financial condition and results of operations of the Company.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.75pt; padding-bottom: 24pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.75pt">/s/ Luis Andr&eacute; Carpintero Blanco</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Luis Andr&eacute; Carpintero Blanco</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt">Chief Financial Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Date: April 30, 2021</P>


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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>afyaform20f2020_001.jpg
<DESCRIPTION>GRAPHIC
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    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2020-01-01to2020-12-31_custom_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2020-01-01to2020-12-31_custom_InstitutoParaensedeEducacaoeCulturaLtdaMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2020-01-01to2020-12-31_custom_UniaoEducacionalDoValeDoAcoSAUNIVACOMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2020-01-01to2020-12-31_custom_InstitutoTocantinensePresidenteAntonioCarlosSAITPACAraguainaMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2020-01-01to2020-12-31_custom_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2020-01-01to2020-12-31_custom_InstitutoTocantinensePresidenteAntonioCarlosPortoSAItpacPortoNacionalMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2020-01-01to2020-12-31_custom_AfyaParticipacoesSAMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_InstitutoTocantinensePresidenteAntonioCarlosPortoSAItpacPortoNacionalMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_AfyaParticipacoesSAMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember" unitRef="Pure" decimals="INF">0.80</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_UniaoEducacionalDoValeDoAcoSAUNIVACOMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_InstitutoTocantinensePresidenteAntonioCarlosSAITPACAraguainaMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_CentroDeCienciasEmSaudeDeItajubaSAMember" unitRef="Pure" decimals="INF">0.60</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_InstitutoParaensedeEducacaoeCulturaLtdaMember" unitRef="Pure" id="Foot-07-0" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_InstitutoDeEnsinoSuperiorDoPiauiSAMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember" unitRef="Pure" id="Foot-06-4" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_InstitutoEducacionalSantoAgostinhoSAMember" unitRef="Pure" id="Foot-06-5" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_InstitutoEducacionalSantoAgostinhoSAMember" unitRef="Pure" id="Foot-06-6" xsi:nil="true" />
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_InstitutoDeEnsinoSuperiorDoPiauiSAMember" unitRef="Pure" id="Foot-08-0" decimals="INF">0.80</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember" unitRef="Pure" id="Foot-06-7" xsi:nil="true" />
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_CentroDeCienciasEmSaudeDeItajubaSAMember" unitRef="Pure" decimals="INF">0.60</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_InstitutoParaensedeEducacaoeCulturaLtdaMember" unitRef="Pure" id="Foot-07-1" xsi:nil="true" />
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember" unitRef="Pure" decimals="INF">0.80</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_UniaoEducacionalDoValeDoAcoSAUNIVACOMember" unitRef="Pure" decimals="INF">0.76</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_InstitutoTocantinensePresidenteAntonioCarlosSAITPACAraguainaMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_InstitutoTocantinensePresidenteAntonioCarlosPortoSAItpacPortoNacionalMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_AfyaParticipacoesSAMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2020-01-01to2020-12-31_custom_CentroUniversitarioSaoLucasLtdaUniSLMember" unitRef="Pure" id="Foot-02-15" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_CentroUniversitarioSaoLucasLtdaUniSLMember" unitRef="Pure" id="Foot-02-16" xsi:nil="true" />
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_CentroUniversitarioSaoLucasLtdaUniSLMember" unitRef="Pure" id="Foot-02-17" xsi:nil="true" />
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2020-01-01to2020-12-31_custom_PEBMEDInstituicaoDePesquisaMedicaServicosTecnologicosDaareaDaSaudeSAMember" unitRef="Pure" id="Foot-02-18" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_PEBMEDInstituicaoDePesquisaMedicaServicosTecnologicosDaareaDaSaudeSAMember" unitRef="Pure" id="Foot-02-19" xsi:nil="true" />
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_PEBMEDInstituicaoDePesquisaMedicaServicosTecnologicosDaareaDaSaudeSAMember" unitRef="Pure" id="Foot-02-20" xsi:nil="true" />
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2020-01-01to2020-12-31_custom_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember" unitRef="Pure" xsi:nil="true" />
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember" unitRef="Pure" xsi:nil="true" />
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2020-01-01to2020-12-31_custom_MedPhoneTecnologiaEmSaudeLtdaMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_MedPhoneTecnologiaEmSaudeLtdaMember" unitRef="Pure" xsi:nil="true" />
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_MedPhoneTecnologiaEmSaudeLtdaMember" unitRef="Pure" xsi:nil="true" />
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2020-01-01to2020-12-31_custom_CentroSuperiorDeCienciasDaSaudeSSLtdaFCMPBMember" unitRef="Pure" decimals="INF">1.00</ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests>
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2019-01-01to2019-12-31_custom_CentroSuperiorDeCienciasDaSaudeSSLtdaFCMPBMember" unitRef="Pure" xsi:nil="true" />
    <ifrs-full:ProportionOfOwnershipInterestsHeldByNoncontrollingInterests contextRef="From2018-01-01to2018-12-31_custom_CentroSuperiorDeCienciasDaSaudeSSLtdaFCMPBMember" unitRef="Pure" xsi:nil="true" />
    <ifrs-full:ProportionOfOwnershipInterestInAssociate contextRef="From2020-01-01to2020-12-31_custom_UniaoEducacionalDoPlanaltoCentralSAMember" unitRef="Pure" decimals="INF">0.30</ifrs-full:ProportionOfOwnershipInterestInAssociate>
    <ifrs-full:ProportionOfOwnershipInterestInAssociate contextRef="From2019-01-01to2019-12-31_custom_UniaoEducacionalDoPlanaltoCentralSAMember" unitRef="Pure" decimals="INF">0.30</ifrs-full:ProportionOfOwnershipInterestInAssociate>
    <ifrs-full:ProportionOfOwnershipInterestInAssociate contextRef="From2018-01-01to2018-12-31_custom_UniaoEducacionalDoPlanaltoCentralSAMember" unitRef="Pure" xsi:nil="true" />
    <ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment contextRef="From2020-01-01to2020-12-31_ifrs-full_BuildingsMember">P25Y</ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment>
    <ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment contextRef="From2020-01-01to2020-12-31_custom_MachineryAndEquipmentsMember">P10Y</ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment>
    <ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment contextRef="From2020-01-01to2020-12-31_ifrs-full_VehiclesMember">P4Y</ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment>
    <ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment contextRef="From2020-01-01to2020-12-31_ifrs-full_FixturesAndFittingsMember">P10Y</ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment>
    <ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment contextRef="From2020-01-01to2020-12-31_custom_ItEquipmentMember">P5Y</ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment>
    <ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment contextRef="From2020-01-01to2020-12-31_custom_LibraryBooksMember">P10Y</ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment>
    <ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment contextRef="From2020-01-01to2020-12-31_custom_LaboratoriesAndClinicsMember">P10Y</ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment>
    <ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment contextRef="From2020-01-01to2020-12-31_ifrs-full_LeaseholdImprovementsMember">P20Y</ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment>
    <ifrs-full:ApplicableTaxRate contextRef="From2020-01-01to2020-12-31" unitRef="Pure" decimals="INF">0.34</ifrs-full:ApplicableTaxRate>
    <ifrs-full:ApplicableTaxRate contextRef="From2019-01-01to2019-12-31" unitRef="Pure" decimals="INF">0.34</ifrs-full:ApplicableTaxRate>
    <ifrs-full:ApplicableTaxRate contextRef="From2018-01-01to2018-12-31" unitRef="Pure" decimals="INF">0.34</ifrs-full:ApplicableTaxRate>
    <ifrs-full:ApplicableTaxRate contextRef="From2020-01-01to2020-12-31_custom_ProgramOfSocialIntegrationMember_custom_TeachingActivitiesMember" unitRef="Pure" decimals="INF">0.0065</ifrs-full:ApplicableTaxRate>
    <ifrs-full:ApplicableTaxRate contextRef="From2020-01-01to2020-12-31_custom_ProgramOfSocialIntegrationMember_custom_NonTeachingActivitiesMember" unitRef="Pure" decimals="INF">0.0165</ifrs-full:ApplicableTaxRate>
    <ifrs-full:ApplicableTaxRate contextRef="From2020-01-01to2020-12-31_custom_ContributionForTheFinancingOfSocialSecurityMember_custom_TeachingActivitiesMember" unitRef="Pure" decimals="INF">0.0300</ifrs-full:ApplicableTaxRate>
    <ifrs-full:ApplicableTaxRate contextRef="From2020-01-01to2020-12-31_custom_ContributionForTheFinancingOfSocialSecurityMember_custom_NonTeachingActivitiesMember" unitRef="Pure" decimals="INF">0.0760</ifrs-full:ApplicableTaxRate>
    <ifrs-full:DescriptionOfAcquiree contextRef="From2019-05-08to2019-05-09_custom_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember">IPEMED is a post-secondary education institution with campuses located in the states of Bahia, Minas Gerais, Rio de Janeiro, S&#227;o Paulo and in the Distrito Federal. It focuses on medical graduate programs. The purchase price was R$ 97,542, being: i) R$ 25,000 paid in cash as advance through April 2019; ii) R$ 27,239 paid in cash on the acquisition date; iii) R$45,303 payable in five annual installments due from February 2020 to February 2024 adjusted by the Interbank Certificates of Deposit ("CDI") rate. This transaction was strategic to the Company and was accounted for under IFRS 3 &#8211; Business Combinations.</ifrs-full:DescriptionOfAcquiree>
    <ifrs-full:DescriptionOfAcquiree contextRef="From2019-04-02to2019-04-03_custom_InstitutoEducacionalSantoAgostinhoSAMember">The purchase price of R$ 201,565 is comprised by: i) R$ 102,330 paid in cash on the acquisition date; ii) R$ 39,695 payable in April 2020; iii) R$ 29,770 payable in April 2021; and iv) R$ 29,770 payable in April 2022, adjusted by the IPCA rate + 4.1% per year. This transaction was strategic to the Company and was accounted for under IFRS 3 &#8211; Business Combinations. There isare no contingent consideration associated with the acquisition of FASA.</ifrs-full:DescriptionOfAcquiree>
    <ifrs-full:DescriptionOfAcquiree contextRef="From2019-03-27to2019-03-29_custom_GuardayaMember">Afya Brazil merged (i) BR Health, a wholly-owned subsidiary of Crescera that controls Guardaya and is one of Afya Brazil's shareholders; and (ii) Guardaya which owns 100% of Medcel Editora and CBB Web, resulting in the transfer to Afya Brazil of 100% of Medcel Editora and CBB Web shares. In connection with the transaction 15% of UEPC's shares were acquired. Afya Brazil issued 378,696 common shares as a consideration for the interest in BR Health and Guardaya. The fair value of the consideration given was R$ 259,113. This transaction was strategic to the Company and was accounted for under IFRS 3 &#8211; Business Combinations.</ifrs-full:DescriptionOfAcquiree>
    <ifrs-full:DescriptionOfAcquiree contextRef="From2020-11-08to2020-11-09_custom_FCMPBMember">The total net purchase price of R$379,913 was adjusted to Rincreased by R$ 142 and income before income taxes for 2020 would have been decreased by R$ 46.$378,807 and is comprised of (i) R$189,913 paid in cash on the transaction closing date, and (ii) R$188,894 is payable in cash in four equal installments through 2024, adjusted by the CDI rate.</ifrs-full:DescriptionOfAcquiree>
    <ifrs-full:DescriptionOfAcquiree contextRef="From2020-11-01to2020-11-04_custom_MedPhoneMember">The net purchase price was R$6,373 of which 100% was paid in cash on the closing of the operation. The purchase price was adjusted to R$6,409, this price adjustment of R$ 36 was paid on February 2, 2021.</ifrs-full:DescriptionOfAcquiree>
    <ifrs-full:DescriptionOfAcquiree contextRef="From2020-11-02to2020-11-03_custom_FESARMember">The aggregate purchase price was R$260,836, including the CDI rate adjustment from the signing date and the real state of the operation, estimated at R$ 17,397, of which 100% was paid in cash on the closing of the operation. The purchase consideration was adjusted by R$1,569 and was paid on February 25, 2021.</ifrs-full:DescriptionOfAcquiree>
    <ifrs-full:DescriptionOfAcquiree contextRef="From2020-07-19to2020-07-20_custom_PEBMEDMember">The original purchase price of R$ 132,900 was adjusted by R$ 30 and was comprised by: i) R$115,339 paid in cash on the acquisition date; and ii) R$ 17,531 was paid with Afya Brazil&#8217;s shares which were afterwards contributed to the Company in exchange of issuance of 141,976 of its own shares.</ifrs-full:DescriptionOfAcquiree>
    <ifrs-full:DescriptionOfAcquiree contextRef="From2020-05-04to2020-05-05_custom_UniSLMember">The original purchase consideration of R$201,521 was adjusted by R$7,816, of which: (i) 70% is payable in cash on the transaction closing date, and (ii) 30% is payable in cash in three equal installments through 2023, adjusted by the CDI rate. The purchase consideration adjustment of R$7,816 will be deducted from the first installment due in May 2021.</ifrs-full:DescriptionOfAcquiree>
    <ifrs-full:DescriptionOfAcquiree contextRef="From2020-01-30to2020-01-31_custom_UniRedentorMember">The original purchase price of R$214,608, was adjusted by R$4,503 and was comprised by: i) R$114,607 paid in cash on the acquisition date; and ii) R$100,000 is payable in five equal installments from January 2021 to July 2024, adjusted by the CDI rate. The purchase consideration adjustment of R$4,503 will be deducted from the first installment due in January 2021</ifrs-full:DescriptionOfAcquiree>
    <ifrs-full:DescriptionOfAcquiree contextRef="From2020-10-21to2020-10-22_custom_SociedadePadraoDeEducacaoSuperiorLtdaMember">The purchase price is R$ 360,000, adjusted by the Net Debt at the closing date, of which: (i) 100% is payable in cash on the transaction closing date.</ifrs-full:DescriptionOfAcquiree>
    <ifrs-full:CashTransferred contextRef="AsOf2019-04-03_custom_InstitutoEducacionalSantoAgostinhoSAMember" unitRef="BRL" id="Foot-09-0" decimals="-3">102330000</ifrs-full:CashTransferred>
    <ifrs-full:CashTransferred contextRef="AsOf2019-03-29_custom_GuardayaEmpreendimentosAndParticipacoesSAMember" unitRef="BRL" xsi:nil="true" />
    <ifrs-full:CashTransferred contextRef="AsOf2021-04-16_custom_CliquefarmaMember_custom_EventsAfterReportingPeriodsMember" unitRef="BRL" decimals="-3">16165000</ifrs-full:CashTransferred>
    <ifrs-full:CashTransferred contextRef="AsOf2019-05-09_custom_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember1941576025" unitRef="BRL" id="Foot-10-0" decimals="-3">52239000</ifrs-full:CashTransferred>
    <ifrs-full:CashTransferred contextRef="AsOf2020-01-31_custom_SociedadeUniversitariaRedentorSAMember" unitRef="BRL" id="Foot-11-0" decimals="-3">114607000</ifrs-full:CashTransferred>
    <ifrs-full:CashTransferred contextRef="AsOf2020-05-05_custom_CentroUniversitarioSaoLucasLtdaMember" unitRef="BRL" id="Foot-12-0" decimals="-3">141065000</ifrs-full:CashTransferred>
    <ifrs-full:CashTransferred contextRef="AsOf2020-07-20_custom_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember" unitRef="BRL" decimals="-3">115339000</ifrs-full:CashTransferred>
    <ifrs-full:CashTransferred contextRef="AsOf2020-11-03_custom_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember" unitRef="BRL" decimals="-3">260836000</ifrs-full:CashTransferred>
    <ifrs-full:CashTransferred contextRef="AsOf2020-11-09_custom_FaculdadeDeCienciasMedicasDaParaibaMember" unitRef="BRL" decimals="-3">189913000</ifrs-full:CashTransferred>
    <ifrs-full:CashTransferred contextRef="AsOf2020-11-05_custom_MedPhoneTecnologiaEMSaudeLtdaMember" unitRef="BRL" decimals="-3">6373000</ifrs-full:CashTransferred>
    <ifrs-full:AcquisitiondateFairValueOfTotalConsiderationTransferred contextRef="AsOf2019-04-03_custom_InstitutoEducacionalSantoAgostinhoSAMember" unitRef="BRL" id="Foot-09-1" decimals="-3">201565000</ifrs-full:AcquisitiondateFairValueOfTotalConsiderationTransferred>
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    <ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate contextRef="AsOf2019-04-03_custom_InstitutoEducacionalSantoAgostinhoSAMember" unitRef="BRL" id="Foot-09-23" decimals="-3">158513000</ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate>
    <ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate contextRef="AsOf2019-03-29_custom_GuardayaEmpreendimentosAndParticipacoesSAMember" unitRef="BRL" decimals="-3">119819000</ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate>
    <ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate contextRef="AsOf2019-05-09_custom_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember1941576025" unitRef="BRL" id="Foot-10-23" decimals="-3">9895000</ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate>
    <ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate contextRef="AsOf2020-01-31_custom_SociedadeUniversitariaRedentorSAMember" unitRef="BRL" id="Foot-11-25" decimals="-3">132443000</ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate>
    <ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate contextRef="AsOf2020-05-05_custom_CentroUniversitarioSaoLucasLtdaMember" unitRef="BRL" id="Foot-12-25" decimals="-3">189285000</ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate>
    <ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate contextRef="AsOf2020-07-20_custom_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember" unitRef="BRL" decimals="-3">48695000</ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate>
    <ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate contextRef="AsOf2020-11-03_custom_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember" unitRef="BRL" decimals="-3">190741000</ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate>
    <ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate contextRef="AsOf2020-11-09_custom_FaculdadeDeCienciasMedicasDaParaibaMember" unitRef="BRL" decimals="-3">268324000</ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate>
    <ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate contextRef="AsOf2020-11-05_custom_MedPhoneTecnologiaEMSaudeLtdaMember" unitRef="BRL" decimals="-3">3566000</ifrs-full:IndemnificationAssetsRecognisedAsOfAcquisitionDate>
    <afya:PaidInAfyaBrazilsShares contextRef="AsOf2020-01-31_custom_SociedadeUniversitariaRedentorSAMember" unitRef="BRL" id="Foot-11-26" xsi:nil="true" />
    <afya:PaidInAfyaBrazilsShares contextRef="AsOf2020-05-05_custom_CentroUniversitarioSaoLucasLtdaMember" unitRef="BRL" id="Foot-12-26" xsi:nil="true" />
    <afya:PaidInAfyaBrazilsShares contextRef="AsOf2020-07-20_custom_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember" unitRef="BRL" decimals="-3">17531000</afya:PaidInAfyaBrazilsShares>
    <afya:PaidInAfyaBrazilsShares contextRef="AsOf2020-11-03_custom_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember" unitRef="BRL" xsi:nil="true" />
    <afya:PaidInAfyaBrazilsShares contextRef="AsOf2020-11-09_custom_FaculdadeDeCienciasMedicasDaParaibaMember" unitRef="BRL" xsi:nil="true" />
    <afya:PaidInAfyaBrazilsShares contextRef="AsOf2020-11-05_custom_MedPhoneTecnologiaEMSaudeLtdaMember" unitRef="BRL" xsi:nil="true" />
    <ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013 contextRef="From2020-05-04to2020-05-05_custom_CentroUniversitarioSaoLucasLtdaMember" unitRef="BRL" id="Foot-12-27" decimals="-3">-137820000</ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013>
    <ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013 contextRef="From2020-11-02to2020-11-03_custom_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember" unitRef="BRL" decimals="-3">-256600000</ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013>
    <ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013 contextRef="From2019-05-08to2019-05-09_custom_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember" unitRef="BRL" id="Foot-10-24" decimals="-3">-51932000</ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013>
    <ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013 contextRef="From2019-04-02to2019-04-03_custom_InstitutoEducacionalSantoAgostinhoSAMember" unitRef="BRL" id="Foot-09-24" decimals="-3">-98496000</ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013>
    <ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013 contextRef="From2020-01-30to2020-01-31_custom_SociedadeUniversitariaRedentorSAMember" unitRef="BRL" id="Foot-11-27" decimals="-3">-102811000</ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013>
    <ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013 contextRef="From2020-07-19to2020-07-20_custom_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember" unitRef="BRL" decimals="-3">-114220000</ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013>
    <ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013 contextRef="From2020-11-08to2020-11-09_custom_FaculdadeDeCienciasMedicasDaParaibaMember" unitRef="BRL" decimals="-3">-189813000</ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013>
    <ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013 contextRef="From2020-11-02to2020-11-05_custom_MedPhoneTecnologiaEmSaudeLtdaMember" unitRef="BRL" decimals="-3">-6313000</ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013>
    <ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013 contextRef="From2019-03-28to2019-03-29_custom_GuardayaEmpreendimentosAndParticipacoesSAMember2121599604" unitRef="BRL" decimals="-3">1548000</ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013>
    <afya:NetOfCashFlowOnAcquisition contextRef="AsOf2019-04-03_custom_InstitutoEducacionalSantoAgostinhoSAMember" unitRef="BRL" id="Foot-09-25" decimals="-3">-100383000</afya:NetOfCashFlowOnAcquisition>
    <afya:NetOfCashFlowOnAcquisition contextRef="AsOf2019-03-29_custom_GuardayaEmpreendimentosAndParticipacoesSAMember" unitRef="BRL" decimals="-3">1066000</afya:NetOfCashFlowOnAcquisition>
    <afya:NetOfCashFlowOnAcquisition contextRef="AsOf2019-05-09_custom_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember1941576025" unitRef="BRL" id="Foot-10-25" decimals="-3">-52112000</afya:NetOfCashFlowOnAcquisition>
    <afya:NetOfCashFlowOnAcquisition contextRef="AsOf2020-01-31_custom_SociedadeUniversitariaRedentorSAMember" unitRef="BRL" id="Foot-11-28" decimals="-3">-104191000</afya:NetOfCashFlowOnAcquisition>
    <afya:NetOfCashFlowOnAcquisition contextRef="AsOf2020-05-05_custom_CentroUniversitarioSaoLucasLtdaMember" unitRef="BRL" id="Foot-12-28" decimals="-3">-139486000</afya:NetOfCashFlowOnAcquisition>
    <afya:NetOfCashFlowOnAcquisition contextRef="AsOf2020-07-20_custom_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember" unitRef="BRL" decimals="-3">-114833000</afya:NetOfCashFlowOnAcquisition>
    <afya:NetOfCashFlowOnAcquisition contextRef="AsOf2020-11-03_custom_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember" unitRef="BRL" decimals="-3">-258647000</afya:NetOfCashFlowOnAcquisition>
    <afya:NetOfCashFlowOnAcquisition contextRef="AsOf2020-11-09_custom_FaculdadeDeCienciasMedicasDaParaibaMember" unitRef="BRL" decimals="-3">-190534000</afya:NetOfCashFlowOnAcquisition>
    <afya:NetOfCashFlowOnAcquisition contextRef="AsOf2020-11-05_custom_MedPhoneTecnologiaEMSaudeLtdaMember" unitRef="BRL" decimals="-3">-6471000</afya:NetOfCashFlowOnAcquisition>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2020-01-30to2020-01-31_custom_SociedadeUniversitariaRedentorSAMember_ifrs-full_LicencesMember">With-and-without method - The with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2020-01-30to2020-01-31_custom_SociedadeUniversitariaRedentorSAMember_ifrs-full_CustomerrelatedIntangibleAssetsMember">Multi-period excess earnings method - The method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows related to contributory assets.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2020-05-04to2020-05-05_custom_CentroUniversitarioSaoLucasLtdaMember_custom_LicensesMember">With-and-without method - The with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2020-05-04to2020-05-05_custom_CentroUniversitarioSaoLucasLtdaMember_ifrs-full_CustomerrelatedIntangibleAssetsMember">Multi-period excess earnings method - The method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows related to contributory assets.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2020-07-19to2020-07-20_custom_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember_ifrs-full_BrandNamesMember">Relief from royalty - This methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2020-07-19to2020-07-20_custom_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember_ifrs-full_CustomerrelatedIntangibleAssetsMember">Multi-period excess earnings method - The method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows related to contributory assets.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2020-07-19to2020-07-20_custom_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember_ifrs-full_TechnologybasedIntangibleAssetsMember">Replacement cost - This methodology is based on the estimated cost of replacing the referred asset with a new one (acquisition or reconstruction), adjusted to reflect the losses in value resulting from the physical deterioration and the functional and economic obsolescence of that asset.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2020-11-02to2020-11-03_custom_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember_ifrs-full_LicencesMember">With-and-without method - The with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2020-11-02to2020-11-03_custom_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember_ifrs-full_CustomerrelatedIntangibleAssetsMember">Multi-period excess earnings method - The method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows related to contributory assets.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2020-11-02to2020-11-05_custom_MedPhoneTecnologiaEMSaudeLtdMember_ifrs-full_BrandNamesMember">Relief from royalty - This methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2020-11-02to2020-11-05_custom_MedPhoneTecnologiaEMSaudeLtdMember_ifrs-full_CustomerrelatedIntangibleAssetsMember">Multi-period excess earnings method - The method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows related to contributory assets.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2020-11-02to2020-11-05_custom_MedPhoneTecnologiaEMSaudeLtdMember_ifrs-full_TechnologybasedIntangibleAssetsMember">Replacement cost - This methodology is based on the estimated cost of replacing the referred asset with a new one (acquisition or reconstruction), adjusted to reflect the losses in value resulting from the physical deterioration and the functional and economic obsolescence of that asset.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2020-11-08to2020-11-09_custom_FaculdadeDeCienciasMedicasDaParaibaMember_ifrs-full_LicencesMember">With-and-without method - The with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2020-11-08to2020-11-09_custom_FaculdadeDeCienciasMedicasDaParaibaMember_ifrs-full_CustomerrelatedIntangibleAssetsMember">Multi-period excess earnings method - The method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows related to contributory assets.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2019-03-28to2019-03-29_custom_GuardayaEmpreendimentosAndParticipacoesSAMember_ifrs-full_BrandNamesMember">Relief-from-royalty - This methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2019-03-28to2019-03-29_custom_GuardayaEmpreendimentosAndParticipacoesSAMember_ifrs-full_CustomerrelatedIntangibleAssetsMember">Multi-period excess earning method - The method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows related to contributory assets.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2019-03-28to2019-03-29_custom_GuardayaEmpreendimentosAndParticipacoesSAMember_custom_EducationalContentMember">Replacement cost - This methodology is based on the estimate of the cost of replacing the asset with a new one (acquisition or reconstruction), adjusted to reflect the losses of value resulting from the physical deterioration and the economic functional obsolescence of the asset.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2019-04-02to2019-04-03_custom_InstitutoEducacionalSantoAgostinhoSAMember_ifrs-full_LicencesMember">With-and-without method - The with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2019-04-02to2019-04-03_custom_InstitutoEducacionalSantoAgostinhoSAMember_ifrs-full_CustomerrelatedIntangibleAssetsMember">Multi-period excess earning method - The method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows related to contributory assets.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2019-05-08to2019-05-09_custom_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember_ifrs-full_BrandNamesMember">Relief-from-royalty - This methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by the savings of royalties that the owner would have to own the asset. And it is necessary to determine a royalty rate that reflects the appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue contextRef="From2019-05-08to2019-05-09_custom_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember_ifrs-full_CustomerrelatedIntangibleAssetsMember">Multi-period excess earning method - The method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows related to contributory assets.</ifrs-full:DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue>
    <afya:RestrictCashAsOfAcquisitionDate contextRef="AsOf2019-04-03_custom_InstitutoEducacionalSantoAgostinhoSAMember" unitRef="BRL" id="Foot-09-26" decimals="-3">5561000</afya:RestrictCashAsOfAcquisitionDate>
    <afya:RestrictCashAsOfAcquisitionDate contextRef="AsOf2019-03-29_custom_GuardayaEmpreendimentosAndParticipacoesSAMember" unitRef="BRL" xsi:nil="true" />
    <afya:RestrictCashAsOfAcquisitionDate contextRef="AsOf2019-05-09_custom_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember1941576025" unitRef="BRL" id="Foot-10-26" xsi:nil="true" />
    <afya:InvestmentInAssociateAsOfAcquisitionDate contextRef="AsOf2019-04-03_custom_InstitutoEducacionalSantoAgostinhoSAMember" unitRef="BRL" id="Foot-09-27" xsi:nil="true" />
    <afya:InvestmentInAssociateAsOfAcquisitionDate contextRef="AsOf2019-03-29_custom_GuardayaEmpreendimentosAndParticipacoesSAMember" unitRef="BRL" decimals="-3">24458000</afya:InvestmentInAssociateAsOfAcquisitionDate>
    <afya:InvestmentInAssociateAsOfAcquisitionDate contextRef="AsOf2019-05-09_custom_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember1941576025" unitRef="BRL" id="Foot-10-27" xsi:nil="true" />
    <ifrs-full:NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate contextRef="AsOf2019-04-03_custom_InstitutoEducacionalSantoAgostinhoSAMember" unitRef="BRL" id="Foot-09-28" decimals="-3">15851000</ifrs-full:NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate>
    <ifrs-full:NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate contextRef="AsOf2019-03-29_custom_GuardayaEmpreendimentosAndParticipacoesSAMember" unitRef="BRL" xsi:nil="true" />
    <ifrs-full:NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate contextRef="AsOf2019-05-09_custom_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember1941576025" unitRef="BRL" id="Foot-10-28" xsi:nil="true" />
    <ifrs-full:OtherTangibleOrIntangibleAssetsTransferred contextRef="AsOf2019-04-03_custom_InstitutoEducacionalSantoAgostinhoSAMember" unitRef="BRL" id="Foot-09-29" xsi:nil="true" />
    <ifrs-full:OtherTangibleOrIntangibleAssetsTransferred contextRef="AsOf2019-03-29_custom_GuardayaEmpreendimentosAndParticipacoesSAMember" unitRef="BRL" decimals="-3">259113000</ifrs-full:OtherTangibleOrIntangibleAssetsTransferred>
    <ifrs-full:OtherTangibleOrIntangibleAssetsTransferred contextRef="AsOf2019-05-09_custom_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember1941576025" unitRef="BRL" id="Foot-10-29" xsi:nil="true" />
    <ifrs-full:Cash contextRef="AsOf2020-12-31" unitRef="BRL" decimals="-3">57729000</ifrs-full:Cash>
    <ifrs-full:Cash contextRef="AsOf2019-12-31" unitRef="BRL" decimals="-3">13092000</ifrs-full:Cash>
    <ifrs-full:CashEquivalents contextRef="AsOf2020-12-31" unitRef="BRL" decimals="-3">987313000</ifrs-full:CashEquivalents>
    <ifrs-full:CashEquivalents contextRef="AsOf2019-12-31" unitRef="BRL" decimals="-3">930117000</ifrs-full:CashEquivalents>
    <ifrs-full:CashEquivalents contextRef="AsOf2020-12-31_custom_USDMember" unitRef="BRL" decimals="-3">70523000</ifrs-full:CashEquivalents>
    <ifrs-full:CashEquivalents contextRef="AsOf2019-12-31_custom_USDMember" unitRef="BRL" decimals="-3">2529000</ifrs-full:CashEquivalents>
    <afya:ReceivablesGross contextRef="AsOf2020-12-31" unitRef="BRL" decimals="-3">342924000</afya:ReceivablesGross>
    <afya:ReceivablesGross contextRef="AsOf2019-12-31" unitRef="BRL" decimals="-3">150003000</afya:ReceivablesGross>
    <afya:ReceivablesGross contextRef="AsOf2019-12-31_custom_TuitionFeesMember" unitRef="BRL" decimals="-3">80156000</afya:ReceivablesGross>
    <afya:ReceivablesGross contextRef="AsOf2019-12-31_custom_OthersMember" unitRef="BRL" decimals="-3">5005000</afya:ReceivablesGross>
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    <ifrs-full:BorrowingsInterestRateBasis contextRef="From2020-01-01to2020-12-31_ifrs-full_NotLaterThanOneYearMember_currency_EUR" id="Foot-22-3">1.01% p.y.</ifrs-full:BorrowingsInterestRateBasis>
    <ifrs-full:BorrowingsInterestRateBasis contextRef="From2020-01-01to2020-12-31_ifrs-full_NotLaterThanOneYearMember">1.22% a 1.26% p.m.</ifrs-full:BorrowingsInterestRateBasis>
    <ifrs-full:BorrowingsInterestRateBasis contextRef="From2020-01-01to2020-12-31_custom_TwentyTwentySevenMember" id="Foot-21-3">TJLP p.y.</ifrs-full:BorrowingsInterestRateBasis>
    <ifrs-full:BorrowingsInterestRateBasis contextRef="From2020-01-01to2020-12-31_custom_TwentyTwentyFourMember" id="Foot-23-2">10.03% p.y.</ifrs-full:BorrowingsInterestRateBasis>
    <ifrs-full:BorrowingsInterestRateBasis contextRef="From2020-01-01to2020-12-31_custom_TwentyTwentyOneMember" id="Foot-24-2">CDI + 1.65% p.y.</ifrs-full:BorrowingsInterestRateBasis>
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    <ifrs-full:BorrowingsMaturity contextRef="From2020-01-01to2020-12-31_custom_TwentyTwentySevenMember" id="Foot-21-4">2027</ifrs-full:BorrowingsMaturity>
    <ifrs-full:BorrowingsMaturity contextRef="From2020-01-01to2020-12-31_custom_TwentyTwentyFourMember" id="Foot-23-3">2024</ifrs-full:BorrowingsMaturity>
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    <ifrs-full:BorrowingsMaturity contextRef="From2020-01-01to2020-12-31_custom_TwentyTwentyThreeMember" id="Foot-25-3">2023</ifrs-full:BorrowingsMaturity>
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    <afya:DerivativeInterestRateSwap contextRef="From2020-01-01to2020-12-31_ifrs-full_InterestRateSwapContractMember_custom_LiabilityPositionMember">128% of CDI</afya:DerivativeInterestRateSwap>
    <afya:DerivativeInterestRateSwap contextRef="From2020-01-01to2020-12-31_ifrs-full_InterestRateSwapContractMember_custom_AssetPositionMember">Euros + 1.01% p.y.</afya:DerivativeInterestRateSwap>
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    <afya:AccountsPayableToSellingShareholdersBusinessCombinations contextRef="From2020-01-01to2020-12-31_custom_AccountsPayableToSellingShareholdersMember" unitRef="BRL" decimals="-3">343140000</afya:AccountsPayableToSellingShareholdersBusinessCombinations>
    <afya:AccountsPayableToSellingShareholdersBusinessCombinations contextRef="From2018-01-01to2018-12-31_custom_AccountsPayableToSellingShareholdersMember" unitRef="BRL" decimals="-3">176043000</afya:AccountsPayableToSellingShareholdersBusinessCombinations>
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    <afya:IndexRatePerYear contextRef="From2020-01-01to2020-12-31_ifrs-full_InterestRateRiskMember_ifrs-full_FloatingInterestRateMember_custom_RestrictedCashMember">76.10% CDI</afya:IndexRatePerYear>
    <afya:IndexRatePerYear contextRef="From2020-01-01to2020-12-31_ifrs-full_InterestRateRiskMember_ifrs-full_FloatingInterestRateMember_custom_LoansAndFinancingMember">TJLP p.y.</afya:IndexRatePerYear>
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    <afya:IndexRatePerYear contextRef="From2020-01-01to2020-12-31_ifrs-full_InterestRateRiskMember_ifrs-full_FloatingInterestRateMember_custom_LoansAndFinancingTwoMember">1.62%+CDI</afya:IndexRatePerYear>
    <afya:IndexRatePerYear contextRef="From2020-01-01to2020-12-31_ifrs-full_InterestRateRiskMember_ifrs-full_FloatingInterestRateMember_custom_AccountsPayableToSellingShareholdersSevenMember">IPCA+4.1%</afya:IndexRatePerYear>
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    <afya:BaseRate contextRef="From2020-01-01to2020-12-31_ifrs-full_InterestRateRiskMember_ifrs-full_FloatingInterestRateMember_custom_LoansAndFinancingOneMember" unitRef="BRL" decimals="-3">-3613000</afya:BaseRate>
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    <afya:BaseRate contextRef="From2020-01-01to2020-12-31_ifrs-full_InterestRateRiskMember_ifrs-full_FloatingInterestRateMember_custom_AccountsPayableToSellingShareholdersSevenMember" unitRef="BRL" decimals="-3">-2894000</afya:BaseRate>
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    <ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted contextRef="From2019-03-28to2019-03-29" unitRef="Pure" id="Foot-39-3" decimals="INF">0.0720</ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted>
    <ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted contextRef="From2020-03-01to2020-03-31" unitRef="Pure" decimals="INF">0.008</ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted>
    <ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted contextRef="From2019-09-01to2019-09-30" unitRef="Pure" decimals="INF">0.014</ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted>
    <ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted contextRef="From2020-01-01to2020-12-31_custom_ModifiedPlanMember_ifrs-full_BottomOfRangeMember" unitRef="Pure" decimals="INF">0.020</ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted>
    <ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted contextRef="From2020-01-01to2020-12-31_custom_ModifiedPlanMember_ifrs-full_TopOfRangeMember" unitRef="Pure" decimals="INF">0.049</ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted>
    <ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted contextRef="From2020-01-01to2020-12-31_custom_OriginalPlanMember_ifrs-full_BottomOfRangeMember" unitRef="Pure" id="Foot-40-3" decimals="INF">0.002</ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted>
    <ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted contextRef="From2020-01-01to2020-12-31_custom_OriginalPlanMember_ifrs-full_TopOfRangeMember" unitRef="Pure" id="Foot-40-4" decimals="INF">0.004</ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted>
    <ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted contextRef="From2020-12-01to2020-12-31" unitRef="Pure" decimals="INF">0.009</ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted>
    <ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted contextRef="From2020-08-01to2020-08-31_ifrs-full_BottomOfRangeMember" unitRef="Pure" decimals="INF">0.022</ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted>
    <ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted contextRef="From2020-08-01to2020-08-31_ifrs-full_TopOfRangeMember" unitRef="Pure" decimals="INF">0.061</ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted>
    <ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted contextRef="From2020-11-01to2020-11-30_ifrs-full_BottomOfRangeMember" unitRef="Pure" decimals="INF">0.022</ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted>
    <ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted contextRef="From2020-11-01to2020-11-30_ifrs-full_TopOfRangeMember" unitRef="Pure" decimals="INF">0.069</ifrs-full:DescriptionOfRiskFreeInterestRateShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionLifeShareOptionsGranted contextRef="From2018-05-14to2018-05-15" unitRef="N" decimals="INF">4.0</ifrs-full:DescriptionOfOptionLifeShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionLifeShareOptionsGranted contextRef="From2019-02-06to2019-02-07" unitRef="N" decimals="INF">4.0</ifrs-full:DescriptionOfOptionLifeShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionLifeShareOptionsGranted contextRef="From2019-03-28to2019-03-29" unitRef="N" id="Foot-39-4" decimals="INF">4.0</ifrs-full:DescriptionOfOptionLifeShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionLifeShareOptionsGranted contextRef="From2020-03-01to2020-03-31" unitRef="N" decimals="INF">4</ifrs-full:DescriptionOfOptionLifeShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionLifeShareOptionsGranted contextRef="From2019-09-01to2019-09-30" unitRef="N" decimals="INF">5</ifrs-full:DescriptionOfOptionLifeShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionLifeShareOptionsGranted contextRef="From2020-01-01to2020-12-31_custom_ModifiedPlanMember_ifrs-full_BottomOfRangeMember" unitRef="N" decimals="INF">1</ifrs-full:DescriptionOfOptionLifeShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionLifeShareOptionsGranted contextRef="From2020-01-01to2020-12-31_custom_ModifiedPlanMember_ifrs-full_TopOfRangeMember" unitRef="N" decimals="INF">4</ifrs-full:DescriptionOfOptionLifeShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionLifeShareOptionsGranted contextRef="From2020-01-01to2020-12-31_custom_OriginalPlanMember_ifrs-full_BottomOfRangeMember" unitRef="N" id="Foot-40-5" decimals="INF">1</ifrs-full:DescriptionOfOptionLifeShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionLifeShareOptionsGranted contextRef="From2020-01-01to2020-12-31_custom_OriginalPlanMember_ifrs-full_TopOfRangeMember" unitRef="N" id="Foot-40-6" decimals="INF">4</ifrs-full:DescriptionOfOptionLifeShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionLifeShareOptionsGranted contextRef="From2020-12-01to2020-12-31" unitRef="N" decimals="INF">1</ifrs-full:DescriptionOfOptionLifeShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionLifeShareOptionsGranted contextRef="From2020-08-01to2020-08-31_ifrs-full_BottomOfRangeMember" unitRef="N" decimals="INF">1</ifrs-full:DescriptionOfOptionLifeShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionLifeShareOptionsGranted contextRef="From2020-08-01to2020-08-31_ifrs-full_TopOfRangeMember" unitRef="N" decimals="INF">5</ifrs-full:DescriptionOfOptionLifeShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionLifeShareOptionsGranted contextRef="From2020-11-01to2020-11-30_ifrs-full_BottomOfRangeMember" unitRef="N" decimals="INF">1</ifrs-full:DescriptionOfOptionLifeShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionLifeShareOptionsGranted contextRef="From2020-11-01to2020-11-30_ifrs-full_TopOfRangeMember" unitRef="N" decimals="INF">5</ifrs-full:DescriptionOfOptionLifeShareOptionsGranted>
    <ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019 contextRef="From2018-05-14to2018-05-15" unitRef="USDPShares" decimals="INF">254.13</ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019>
    <ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019 contextRef="From2019-02-06to2019-02-07" unitRef="USDPShares" decimals="INF">368.41</ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019>
    <ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019 contextRef="From2019-03-28to2019-03-29" unitRef="USDPShares" id="Foot-39-5" decimals="INF">213.35</ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019>
    <ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019 contextRef="From2020-01-01to2020-12-31_custom_ShareBasedCompensationPlansMember" unitRef="USDPShares" decimals="INF">11.53</ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019>
    <ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019 contextRef="From2020-07-28to2020-07-29_custom_ModifiedPlanMember" unitRef="USDPShares" decimals="INF">15.94</ifrs-full:WeightedAverageSharePriceShareOptionsGranted2019>
    <ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted contextRef="From2018-05-14to2018-05-15">Monte Carlo</ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted contextRef="From2019-02-06to2019-02-07">Monte Carlo</ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted contextRef="From2019-03-28to2019-03-29" id="Foot-39-6">Black &amp; Scholes</ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted contextRef="From2020-03-01to2020-03-31">Binomial</ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted contextRef="From2019-09-01to2019-09-30">Binomial</ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted contextRef="From2020-01-01to2020-12-31_custom_ModifiedPlanMember">Binomial</ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted contextRef="From2020-01-01to2020-12-31_custom_OriginalPlanMember" id="Foot-40-7">Binomial</ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted contextRef="From2020-08-01to2020-08-31">Binomial</ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted contextRef="From2020-11-01to2020-11-30">Binomial</ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted contextRef="From2020-12-01to2020-12-31">Binomial</ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted contextRef="From2019-09-24to2019-09-25_custom_ShareBasedCompensationPlansMember">Binomial pricing model</ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted>
    <ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted contextRef="From2019-09-01to2019-09-02_custom_ShareBasedCompensationPlansMember">Binomial pricing model</ifrs-full:DescriptionOfOptionPricingModelShareOptionsGranted>
    <ifrs-full:NumberOfOutstandingShareOptions contextRef="AsOf2018-12-31" unitRef="N" id="Foot-41-0" decimals="INF">1291248</ifrs-full:NumberOfOutstandingShareOptions>
    <ifrs-full:NumberOfOutstandingShareOptions contextRef="AsOf2017-12-31" unitRef="N" id="Foot-41-1" xsi:nil="true" />
    <ifrs-full:NumberOfOutstandingShareOptions contextRef="AsOf2019-12-31_custom_StockOptionsMember" unitRef="N" decimals="INF">2364214</ifrs-full:NumberOfOutstandingShareOptions>
    <ifrs-full:NumberOfOutstandingShareOptions contextRef="AsOf2020-12-31_custom_StockOptionsMember" unitRef="N" decimals="INF">2510983</ifrs-full:NumberOfOutstandingShareOptions>
    <ifrs-full:NumberOfOutstandingShareOptions contextRef="AsOf2018-12-31_custom_StockOptionsMember" unitRef="N" xsi:nil="true" />
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2019-01-01to2019-12-31" unitRef="N" id="Foot-41-2" decimals="INF">293860</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2018-01-01to2018-12-31" unitRef="N" id="Foot-41-3" decimals="INF">1434720</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2020-01-01to2020-12-31_custom_StockOptionsMember" unitRef="N" decimals="INF">477220</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2019-01-01to2019-12-31_custom_StockOptionsMember" unitRef="N" decimals="INF">2364214</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2020-12-15to2020-12-16_custom_ShareBasedCompensationPlansMember" unitRef="N" decimals="INF">5220</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2020-11-25to2020-11-26_custom_ShareBasedCompensationPlansMember" unitRef="N" decimals="INF">115000</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2020-08-16to2020-08-17_custom_ShareBasedCompensationPlansMember" unitRef="N" decimals="INF">127000</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2020-03-18to2020-03-19_custom_ShareBasedCompensationPlansMember" unitRef="N" decimals="INF">230000</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2019-09-24to2019-09-25_custom_ShareBasedCompensationPlansMember" unitRef="N" decimals="INF">58000</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2019-09-01to2019-09-02_custom_ShareBasedCompensationPlansMember" unitRef="N" decimals="INF">2306213</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement contextRef="From2019-01-01to2019-12-31" unitRef="N" id="Foot-41-4" xsi:nil="true" />
    <ifrs-full:NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement contextRef="From2018-01-01to2018-12-31" unitRef="N" id="Foot-41-5" xsi:nil="true" />
    <ifrs-full:NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement contextRef="From2020-01-01to2020-12-31_custom_StockOptionsMember" unitRef="N" decimals="INF">274359</ifrs-full:NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement contextRef="From2019-01-01to2019-12-31_custom_StockOptionsMember" unitRef="N" xsi:nil="true" />
    <afya:NumberOfShareOptionsAdditionOfGuardayaPlanInSharebasedPaymentsArrangement contextRef="From2019-01-01to2019-12-31" unitRef="N" id="Foot-41-6" decimals="INF">257320</afya:NumberOfShareOptionsAdditionOfGuardayaPlanInSharebasedPaymentsArrangement>
    <afya:NumberOfShareOptionsAdditionOfGuardayaPlanInSharebasedPaymentsArrangement contextRef="From2018-01-01to2018-12-31" unitRef="N" id="Foot-41-7" xsi:nil="true" />
    <ifrs-full:NumberOfShareOptionsExercisedInSharebasedPaymentArrangement contextRef="From2019-01-01to2019-12-31" unitRef="N" id="Foot-41-8" decimals="INF">1842428</ifrs-full:NumberOfShareOptionsExercisedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsExercisedInSharebasedPaymentArrangement contextRef="From2018-01-01to2018-12-31" unitRef="N" id="Foot-41-9" decimals="INF">143472</ifrs-full:NumberOfShareOptionsExercisedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsExercisedInSharebasedPaymentArrangement contextRef="From2020-01-01to2020-12-31_custom_StockOptionsMember" unitRef="N" decimals="INF">56092</ifrs-full:NumberOfShareOptionsExercisedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsExercisedInSharebasedPaymentArrangement contextRef="From2019-01-01to2019-12-31_custom_StockOptionsMember" unitRef="N" xsi:nil="true" />
    <ifrs-full:NumberOfShareOptionsExpiredInSharebasedPaymentArrangement contextRef="From2019-01-01to2019-12-31" unitRef="N" id="Foot-41-10" xsi:nil="true" />
    <ifrs-full:NumberOfShareOptionsExpiredInSharebasedPaymentArrangement contextRef="From2018-01-01to2018-12-31" unitRef="N" id="Foot-41-11" xsi:nil="true" />
    <ifrs-full:NumberOfShareOptionsExpiredInSharebasedPaymentArrangement contextRef="From2020-01-01to2020-12-31_custom_StockOptionsMember" unitRef="N" xsi:nil="true" />
    <ifrs-full:NumberOfShareOptionsExpiredInSharebasedPaymentArrangement contextRef="From2019-01-01to2019-12-31_custom_StockOptionsMember" unitRef="N" xsi:nil="true" />
    <ifrs-full:WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019 contextRef="AsOf2020-12-31" unitRef="USDPShares" decimals="INF">78.22</ifrs-full:WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019>
    <ifrs-full:WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019 contextRef="AsOf2019-12-31" unitRef="USDPShares" decimals="INF">74.53</ifrs-full:WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019>
    <ifrs-full:WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019 contextRef="From2020-01-01to2020-12-31" unitRef="USDPShares" decimals="INF">94.55</ifrs-full:WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019>
    <ifrs-full:WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019 contextRef="From2020-01-01to2020-12-31" unitRef="USDPShares" decimals="INF">74.57</ifrs-full:WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019>
    <ifrs-full:WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019 contextRef="From2020-01-01to2020-12-31" unitRef="USDPShares" decimals="INF">96.20</ifrs-full:WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019>
    <afya:StrikePriceeAtMeasurementDateShareOptionsGranted contextRef="AsOf2020-12-31" unitRef="BRL" decimals="-3">97000</afya:StrikePriceeAtMeasurementDateShareOptionsGranted>
    <afya:StrikePriceeAtMeasurementDateShareOptionsGranted contextRef="AsOf2020-03-31" unitRef="BRL" decimals="-3">19000</afya:StrikePriceeAtMeasurementDateShareOptionsGranted>
    <afya:StrikePriceeAtMeasurementDateShareOptionsGranted contextRef="AsOf2019-09-30" unitRef="BRL" decimals="-3">19000</afya:StrikePriceeAtMeasurementDateShareOptionsGranted>
    <afya:StrikePriceeAtMeasurementDateShareOptionsGranted contextRef="AsOf2020-12-31_custom_ModifiedPlanMember" unitRef="BRL" decimals="-3">74000</afya:StrikePriceeAtMeasurementDateShareOptionsGranted>
    <afya:StrikePriceeAtMeasurementDateShareOptionsGranted contextRef="AsOf2020-12-31_custom_OriginalPlanMember" unitRef="BRL" id="Foot-40-8" decimals="-3">99000</afya:StrikePriceeAtMeasurementDateShareOptionsGranted>
    <afya:StrikePriceeAtMeasurementDateShareOptionsGranted contextRef="AsOf2020-08-31_ifrs-full_BottomOfRangeMember" unitRef="BRL" decimals="-3">74000</afya:StrikePriceeAtMeasurementDateShareOptionsGranted>
    <afya:StrikePriceeAtMeasurementDateShareOptionsGranted contextRef="AsOf2020-08-31_ifrs-full_TopOfRangeMember" unitRef="BRL" decimals="-3">122000</afya:StrikePriceeAtMeasurementDateShareOptionsGranted>
    <afya:StrikePriceeAtMeasurementDateShareOptionsGranted contextRef="AsOf2020-11-30" unitRef="BRL" decimals="-3">126000</afya:StrikePriceeAtMeasurementDateShareOptionsGranted>
    <afya:SharePriceFairValueAtMeasurementDateShareOptionsGranted contextRef="AsOf2020-12-31" unitRef="USDPShares" decimals="INF">119.78</afya:SharePriceFairValueAtMeasurementDateShareOptionsGranted>
    <afya:SharePriceFairValueAtMeasurementDateShareOptionsGranted contextRef="AsOf2020-03-31" unitRef="USDPShares" decimals="INF">16.30</afya:SharePriceFairValueAtMeasurementDateShareOptionsGranted>
    <afya:SharePriceFairValueAtMeasurementDateShareOptionsGranted contextRef="AsOf2019-09-30" unitRef="USDPShares" decimals="INF">21.90</afya:SharePriceFairValueAtMeasurementDateShareOptionsGranted>
    <afya:SharePriceFairValueAtMeasurementDateShareOptionsGranted contextRef="AsOf2020-12-31_custom_ModifiedPlanMember" unitRef="BRLPShares" decimals="INF">133.68</afya:SharePriceFairValueAtMeasurementDateShareOptionsGranted>
    <afya:SharePriceFairValueAtMeasurementDateShareOptionsGranted contextRef="AsOf2020-12-31_custom_OriginalPlanMember" unitRef="BRLPShares" id="Foot-40-9" decimals="INF">133.68</afya:SharePriceFairValueAtMeasurementDateShareOptionsGranted>
    <afya:SharePriceFairValueAtMeasurementDateShareOptionsGranted contextRef="AsOf2020-08-31" unitRef="USDPShares" decimals="INF">136</afya:SharePriceFairValueAtMeasurementDateShareOptionsGranted>
    <afya:SharePriceFairValueAtMeasurementDateShareOptionsGranted contextRef="AsOf2020-11-30" unitRef="USDPShares" decimals="INF">145.15</afya:SharePriceFairValueAtMeasurementDateShareOptionsGranted>
    <afya:WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne contextRef="AsOf2020-12-31" unitRef="USDPShares" decimals="INF">40.38</afya:WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne>
    <afya:WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne contextRef="AsOf2020-03-31" unitRef="USDPShares" decimals="INF">3.94</afya:WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne>
    <afya:WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne contextRef="AsOf2019-09-30" unitRef="USDPShares" decimals="INF">6.55</afya:WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne>
    <afya:WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne contextRef="AsOf2020-12-31_custom_ModifiedPlanMember" unitRef="BRLPShares" decimals="INF">69.54</afya:WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne>
    <afya:WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne contextRef="AsOf2020-12-31_custom_OriginalPlanMember" unitRef="BRLPShares" id="Foot-40-10" decimals="INF">57.12</afya:WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne>
    <afya:WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne contextRef="AsOf2020-08-31" unitRef="USDPShares" decimals="INF">67.12</afya:WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne>
    <afya:WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne contextRef="AsOf2020-11-30" unitRef="USDPShares" decimals="INF">56.43</afya:WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne>
    <afya:ShareBasedCompensationOfEmployees contextRef="From2020-01-01to2020-12-31" unitRef="BRL" decimals="-3">9514000</afya:ShareBasedCompensationOfEmployees>
    <afya:ShareBasedCompensationOfEmployees contextRef="From2019-01-01to2019-12-31" unitRef="BRL" decimals="-3">6871000</afya:ShareBasedCompensationOfEmployees>
    <afya:ShareBasedCompensationOfEmployees contextRef="From2018-01-01to2018-12-31" unitRef="BRL" decimals="-3">1945000</afya:ShareBasedCompensationOfEmployees>
    <ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement contextRef="From2019-02-01to2019-02-28_custom_ShareBasedCompensationPlansMember">Vesting periods after the grant date: 10% after 90 days, 15% after 15 months, 25% after 27 months, 25% after 39 months and 25% after 51 months.</ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement>
    <ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement contextRef="From2018-06-01to2018-06-30_custom_ShareBasedCompensationPlansMember">Vesting periods after the grant date: 10% after 90 days, 15% after 12 months, 25% after 24 months, 25% after 36 months and 25% after 48 months.</ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement>
    <ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement contextRef="From2020-01-01to2020-12-31_custom_ShareBasedCompensationPlansMember">Vest in five installments of 20% per year, starting on May 1.</ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement>
    <ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement contextRef="From2019-01-01to2019-12-31_custom_ShareBasedCompensationPlansMember_custom_GuardayaStockOptionsMember">Vesting periods: 10% after 1 year, 15% after 2 years, 25% after 3 years and 50% after 4 years.</ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement>
    <ifrs-full:ExpenseFromSharebasedPaymentTransactionsWithEmployees contextRef="From2020-01-01to2020-12-31_custom_ShareBasedCompensationPlansMember" unitRef="BRL" decimals="-3">32610000</ifrs-full:ExpenseFromSharebasedPaymentTransactionsWithEmployees>
    <ifrs-full:ExpenseFromSharebasedPaymentTransactionsWithEmployees contextRef="From2019-01-01to2019-12-31_custom_ShareBasedCompensationPlansMember" unitRef="BRL" decimals="-3">11040000</ifrs-full:ExpenseFromSharebasedPaymentTransactionsWithEmployees>
    <ifrs-full:ExpenseFromSharebasedPaymentTransactionsWithEmployees contextRef="From2019-01-01to2019-12-31_custom_ShareBasedCompensationPlansMember_custom_InitiaPublicOfferingMember" unitRef="BRL" decimals="-3">7074000</ifrs-full:ExpenseFromSharebasedPaymentTransactionsWithEmployees>
    <ifrs-full:ExpenseFromSharebasedPaymentTransactionsWithEmployees contextRef="From2018-01-01to2018-12-31_custom_ShareBasedCompensationPlansMember_custom_InitiaPublicOfferingMember" unitRef="BRL" decimals="-3">2161000</ifrs-full:ExpenseFromSharebasedPaymentTransactionsWithEmployees>
    <afya:ExercisePrice contextRef="AsOf2020-12-16_custom_ShareBasedCompensationPlansMember" unitRef="BRL" decimals="-3">97000</afya:ExercisePrice>
    <afya:ExercisePrice contextRef="AsOf2020-11-26_custom_ShareBasedCompensationPlansMember" unitRef="BRL" decimals="-3">126000</afya:ExercisePrice>
    <afya:ExercisePrice contextRef="AsOf2020-08-17_custom_ShareBasedCompensationPlansMember_ifrs-full_BottomOfRangeMember" unitRef="BRL" decimals="-3">74000</afya:ExercisePrice>
    <afya:ExercisePrice contextRef="AsOf2020-08-17_custom_ShareBasedCompensationPlansMember_ifrs-full_TopOfRangeMember" unitRef="BRL" decimals="-3">122000</afya:ExercisePrice>
    <afya:ExercisePrice contextRef="AsOf2020-03-19_custom_ShareBasedCompensationPlansMember" unitRef="BRL" decimals="-3">19000</afya:ExercisePrice>
    <afya:AnnualInstallment contextRef="AsOf2020-12-16_custom_ShareBasedCompensationPlansMember" unitRef="N" decimals="INF">1</afya:AnnualInstallment>
    <afya:AnnualInstallment contextRef="AsOf2020-11-26_custom_ShareBasedCompensationPlansMember" unitRef="N" decimals="INF">5</afya:AnnualInstallment>
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    <ifrs-full:ProfessionalFeesExpense contextRef="From2020-01-01to2020-12-31_custom_SegmentOfBusinessOneUnitMember" unitRef="BRL" decimals="-3">-997055000</ifrs-full:ProfessionalFeesExpense>
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    <ifrs-full:PaymentsToSuppliersForGoodsAndServices contextRef="From2020-01-01to2020-12-31_custom_SegmentOfBusinessTwoUnitMember" unitRef="BRL" decimals="-3">200349000</ifrs-full:PaymentsToSuppliersForGoodsAndServices>
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Uncertainty about these&#13;assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities&#13;affected in future periods. Accounting estimates and judgments are continually evaluated and are based on historical experience and other&#13;factors, including expectations of future events that are believed to be reasonable under the circumstances. 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The Company&#13;based its assumptions and estimates on parameters available when the consolidated financial statements were prepared. Existing circumstances&#13;and assumptions about future developments, however, may change due to market changes or circumstances that arise and that are beyond&#13;the Company&amp;#8217;s control. Such changes are reflected in the assumptions where they occur.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Identification&#13;and fair-value measurement of assets and liabilities acquired in a business combination&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;combinations are accounted for using the acquisition method. Such method requires recognizing and measuring the identifiable assets acquired,&#13;the liabilities assumed and any non-controlling interest in the acquiree. The Company, as the acquirer, must classify or designate the&#13;identifiable assets and liabilities assumed on the basis of its own contractual terms, economic conditions, operating and accounting&#13;policies and other relevant conditions as at the acquisition date. Such assessment requires judgments from the Company on the methods&#13;used to determine the fair value of the assets acquired and liabilities assumed, including valuation techniques that may require prospective&#13;financial information inputs.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Impairment&#13;of non-financial assets&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Impairment&#13;exists when the carrying value of an asset or cash generating unit (&amp;#8220;CGU&amp;#8221;) or group of CGUs exceeds its recoverable amount,&#13;defined as the higher of its fair value less costs of disposal and its value in use. The fair value less costs of disposal calculation&#13;is based on data available from binding sales transactions, conducted at arm&amp;#8217;s length, for similar assets or observable market&#13;prices less incremental costs of disposing of the asset. The value in use calculation is based on a discounted cash flow model (&amp;#8220;DCF&amp;#8221;&#13;model). The cash flows are derived from the budget for the next five years and do not include restructuring activities to which the Company&#13;has not yet committed or significant future investments that will enhance the performance of the assets of the CGU being tested. The&#13;recoverable amount is sensitive to the discount rate used for the DCF model as well as to expected future cash-inflows and the growth&#13;rate used for extrapolation purposes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;These&#13;estimates are most relevant to goodwill and indefinite lived intangible assets recognized by the Company. The key assumptions used to&#13;determine the recoverable amount for each CGU, including a sensitivity analysis, are disclosed and further explained in Note 11.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Share-based&#13;compensation&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Estimating&#13;fair value for share-based payment transactions requires determination of the most appropriate valuation model, which depends on the&#13;terms and conditions of the grant. This estimate also requires determination of the most appropriate inputs to the valuation model including&#13;the expected life of the share option or appreciation right, volatility and dividend yield and making assumptions about them. For the&#13;measurement of the fair value of equity-settled transactions, the Company uses the Binomial model. As disclosed in Note 15 (b) the Company&#13;had stock plans that were fully exercised on July 31, 2019, for which the Monte Carlo and Black &amp;#38; Scholes pricing model were used&#13;for the Afya Brazil and Guardaya plans, respectively. The assumptions and models used for estimating fair value for share-based payment&#13;transactions are disclosed in Note 15 (b).&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Leases&#13;- Estimating the incremental borrowing rate&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company cannot readily determine the interest rate implicit in the lease, therefore, it uses its incremental borrowing rate (IBR) to&#13;measure lease liabilities. The IBR is the rate of interest that the Company would have to pay to borrow over a similar term, and with&#13;a similar security, the funds necessary to obtain an asset of&amp;#160; a similar value to the right-of-use asset in a similar economic environment.&#13;The IBR therefore reflects what the Company &amp;#8216;would have to pay&amp;#8217;, which requires estimation when no observable rates are available&#13;(such as for subsidiaries that do not enter into financing transactions) or when they need to be adjusted to reflect the terms and conditions&#13;of the lease (for example, when leases are not in the subsidiary&amp;#8217;s functional currency).&lt;br /&gt;&#13;&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company estimates the IBR using observable inputs (such as market interest rates) when available and is required to make certain entity-specific&#13;estimates.&lt;/font&gt;&lt;/p&gt;</afya:SignificantAccountingEstimatesAndAssumptionsExplanatory>
    <ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;6&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Cash and cash equivalents&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 68%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 2%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: -5.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash&#13;    and bank deposits&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;57,729&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,092&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash&#13;    equivalents (a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;987,313&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;930,117&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,045,042&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;943,209&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash&#13;equivalents correspond mainly to financial investments in Bank Certificates of Deposit (&amp;#8220;CDB&amp;#8221;) with highly rated financial&#13;institutions and investment funds managed by highly rated financial institutions. As of December 31, 2020, the average interest on these&#13;CDB are equivalent to 90.95% of the Interbank Certificates of Deposit (&amp;#8220;CDI&amp;#8221;) (December 31, 2019: 99.2%). These funds are&#13;available for immediate use and have insignificant risk of changes in value. Cash equivalents denominated in U.S. dollars totaled R$70,523&#13;as of December 31, 2020 (December 31, 2019: R$2,529).&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory>
    <ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Trade receivables&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="width: 71%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 16%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 13%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Tuition&#13;    fees&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;195,318&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;80,156&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Educational&#13;    content (a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;62,931&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;37,154&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;FIES&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;49,425&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;17,789&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Educational&#13;    credits&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;11,248&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;9,899&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Mobile&#13;    app subscription (b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;13,526&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Others&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;10,476&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;5,005&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;342,924&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;150,003&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;(-)&#13;    Allowance for doubtful accounts&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;(32,980)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;(14,763)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;309,944&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;135,240&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;302,317&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;125,439&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Non-current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;7,627&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;9,801&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(a)&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Related&#13;to trade receivables from sales of printed books, e-books and medical courses through digital platform from Medcel.&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(b)&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Related&#13;to trade receivables from mobile applications subscriptions for digital medical content.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;of December 31, 2020 and 2019, the aging of trade receivables was as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 67%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 18%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Neither&#13;    past due nor impaired&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;145,076&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;71,095&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Past&#13;    due&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 7.1pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;1&#13;    to 30 days&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;44,365&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;15,042&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 7.1pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;31&#13;    to 90 days&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;57,198&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;27,221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 7.1pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;91&#13;    to 180 days&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;51,521&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;20,543&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 7.1pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;More&#13;    than 180 days&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;44,764&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;16,102&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;342,924&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;150,003&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;changes in the allowance for doubtful accounts for the years ended December 31, 2020, 2019 and 2018, was as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="width: 65%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Balance&#13;    at the beginning of the year&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(14,763)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(7,537)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(3,794)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Additions&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(32,081)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(15,040)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(7,714)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Write-offs&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;13,864&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;7,814&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;3,971&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance&#13;    at the end of the year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(32,980)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(14,763)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(7,537)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;</ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory>
    <ifrs-full:DisclosureOfRelatedPartyExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Related parties&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;table below summarizes the balances and transactions with related parties:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Trade&#13;    receivables (a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;174&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;557&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Related&#13;    parties (b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;421&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;595&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;557&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;174&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;557&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Non-current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;421&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Other&#13;    income&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="width: 55%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;IESVAP&#13;    (c)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 16%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 13%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 16%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;252&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;IPTAN&#13;    (c)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;882&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;UEPC&#13;    (a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;104&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;557&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234); vertical-align: bottom"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;104&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;557&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,134&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Lease&#13;    &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; 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   &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;9,655&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;UNIVA&amp;#199;O&#13;    Patrimonial Ltda.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,915&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,816&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,625&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13; 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   &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;17,673&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;15,842&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;13,554&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Refers to sales of educational content from Medcel&#13;    to UEPC recorded in trade receivables&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Amounts to be reimbursed by the shareholders to Afya&#13;    Brazil, mainly related to payments of legal cost and advisory services recorded in other assets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 9pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 9pt; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(c)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Refers to share services and corporate expenses provided&#13;    by Afya Brazil to IPTAN and IESVAP for the periods prior to their acquisition on April 26, 2018 recorded in the consolidated statements&#13;    of income.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Lease&#13;agreements with RVL Esteves Gest&amp;#227;o Imobili&amp;#225;ria S.A.&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Afya&#13;Brazil has entered into lease agreements with RVL Esteves Gest&amp;#227;o Imobili&amp;#225;ria S.A. (&amp;#8220;RVL&amp;#8221;), an entity controlled&#13;by the shareholder Nicolau Carvalho Esteves and of which Mr. Renato Esteves is an executive officer, as described below:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;June 21, 2016, RVL entered into lease agreements (as amended on April 26, 2018) with ITPAC &amp;#8211; Instituto Tocantinense Presidente&#13;Ant&amp;#244;nio Carlos S.A., or ITPAC, and Itpac Porto Nacional &amp;#8211; Instituto Tocantinense Presidente Antonio Carlos Porto S.A., or&#13;ITPAC Porto Nacional, pursuant to which RVL Esteves Gest&amp;#227;o Imobili&amp;#225;ria S.A. agreed to lease campuses to ITPAC and ITPAC Porto&#13;Nacional in the cities of Aragua&amp;#237;na and Porto Nacional, both located in the State of Tocantins. The lease agreements are adjustable&#13;in accordance with the provisions of each lease agreement. The lease agreements are for an initial term of 20 years, and are renewable&#13;for an additional 20 years subject to the provisions of each lease agreement.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;November 1, 2016, RVL entered into a lease agreement with Afya Brazil, pursuant to which RVL agreed to lease to Afya Brazil certain offices&#13;located in the city of Nova Lima, State of Minas Gerais, where Afya Brazil&amp;#8217;s principal executive offices are located. On February&#13;9, 2019 the agreement was amended to extend lease terms and adjust the lease amounts, subject to certain discount conditions set forth&#13;in the lease agreement and adjustable in accordance with the provisions of the lease agreement. The lease agreement is for an initial&#13;term of five years, and may be renewable for an additional five years subject to the provisions of the lease agreement.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;September 6, 2018, RVL entered into a lease agreement with ITPAC, a subsidiary of Afya Brazil, pursuant to which RVL agreed to lease&#13;to ITPAC the new ITPAC campus currently under construction by RVL in the city of Palmas, State of Tocantins. The lease agreement is for&#13;an amount equal to 7.5% of the monthly net revenue of ITPAC during the prior semester, which will start to become due once the new ITPAC&#13;campus becomes operational, subject to the provisions of the lease agreement. The lease agreement is for an initial term of 20 years,&#13;starting on the date the new ITPAC campus becomes operational, and is renewable for an additional 20 years subject to the provisions&#13;of the lease agreement.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;October 30, 2019, RVL entered into a lease agreement with IPTAN, pursuant to which RVL agreed to lease to IPTAN the new IPTAN medical&#13;campus, currently under construction by RVL in the city of Santa In&amp;#234;s, State of Maranh&amp;#227;o. The lease agreement is for a monthly&#13;amount equal to (i) up to June 2020, R$12 and (ii) after June 2020 and until October 2024, 6.5% of the monthly net revenue of IPTAN assessed&#13;during the prior semester, in each case adjustable in accordance with the provisions of the lease agreement. The lease agreement is for&#13;an initial term of 5 years counted from the conclusion of the construction works, and may be renewable for an additional 5 years subject&#13;to the provisions of the lease agreement.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;lease payments in connection with the lease agreements with RVL totaled R$11,288 and R$10,417 in the years ended December 31, 2020 and&#13;2019, respectively. In the year ended December 31, 2018, the lease expenses in connection with the lease agreements with RVL totaled&#13;R$9,655.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Lease&#13;agreement with UNIVA&amp;#199;O Patrimonial Ltda.&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;July 14, 2016, UNIVA&amp;#199;O Patrimonial Ltda., an entity controlled by the shareholder Nicolau Carvalho Esteves and of which Ms. Ros&amp;#226;ngela&#13;Esteves is the chief executive officer, entered into a lease agreement with UNIVA&amp;#199;O, a subsidiary of Afya Brazil, pursuant to which&#13;UNIVA&amp;#199;O Patrimonial Ltda. agreed to lease the UNIVA&amp;#199;O campus to UNIVA&amp;#199;O, located in the city of Ipatinga, State of Minas&#13;Gerais. The lease agreement is adjustable in accordance with the provisions of the lease agreement. The lease agreement is for an initial&#13;term of 20 years, and is renewable for an additional 20 years subject to the provisions of the lease agreement.The lease payments in&#13;connection with this lease agreement totaled R$2,915 and R$2,816 in the years ended December 31, 2020 and 2019, respectively. In the&#13;year ended December 31, 2018, the lease expenses in connection with this lease agreement totaled R$2,625.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Lease&#13;agreement with IESVAP Patrimonial Ltda.&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;April 25, 2018, IESVAP Patrimonial Ltda., an entity controlled by the shareholder Nicolau Carvalho Esteves and of which Mr. Renato Esteves&#13;is an executive officer, entered into a lease agreement with IESVAP, a subsidiary of Afya Brazil, pursuant to which IESVAP Patrimonial&#13;Ltda. agreed to lease the IESVAP campus to IESVAP located in the city of Parna&amp;#237;ba, State of Piau&amp;#237;. The lease agreement is for&#13;an amount equal to 7.5% of the monthly net revenue of IESVAP during 2018. The lease agreement is for an initial term of 20 years, and&#13;is renewable for an additional 20 years subject to the provisions of the lease agreement. The lease payments in connection with this&#13;lease agreement totaled R$3,470 and R$2,609 in the years ended December 31, 2020 and 2019, respectively. In the year ended December 31,&#13;2018, the lease expenses in connection with this lease agreement totaled R$1,274.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Key&#13;management personnel compensation&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Key&#13;management personnel compensation included in the Company&amp;#8217;s consolidated statement of income comprised the following:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 66%; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 11%; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 2%; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Short-term&#13;    employee benefits&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;9,629&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,947&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,681&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Share-based&#13;    compensation plans&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;23,989&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,893&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,161&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;33,618&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;18,840&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4,842&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Compensation&#13;of the Company&amp;#8217;s key management includes short-term employee benefits comprised by salaries, labor and social charges, and other&#13;ordinary short-term employee benefits. The amounts disclosed in the table are the amounts recognized as an expense in general and administrative&#13;expenses during the reporting period related to key management personnel.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;executive officers participate in share-based compensation plans described in Note 15 (b).&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfRelatedPartyExplanatory>
    <ifrs-full:DisclosureOfJointVenturesExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt/11pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;9&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Investment in associate&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;In&#13;connection with the corporate reorganization, described in Note 1 regarding the merger with BR Health, the Company acquired a 30% interest&#13;in UEPC, a medical school located in the Federal District, that offers higher education and post-graduate courses, both in person and&#13;long-distance learning. The Company&amp;#8217;s interest in UEPC is accounted for using the equity method. The following table illustrates&#13;the summarized financial information of the Company&amp;#8217;s investment in UEPC:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 69%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 15%; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;December&#13;    31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 15%; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;December&#13;    31, 2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;55,413&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;26,762&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Non-current&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;82,575&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;77,031&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(34,531)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(29,328)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Non-current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(76,132)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(66,294)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Equity&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;27,325&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 2.25pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;8,171&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Company&amp;#8217;s&#13;    share in equity &amp;#8211; 30%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;8,227&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,451&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Goodwill&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;43,183&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;43,183&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Carrying&#13;    amount of the investment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;51,410&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2.25pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;45,634&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net&#13;    revenue&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;113,965&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;85,816&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cost&#13; 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   share of income for the year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;7,698&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,362&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;December&#13;    31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;December&#13;    31, 2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Opening&#13;    balance&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;45,634&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Acquisition&#13;    of minority interest (15%) in March 2019&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;24,458&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Acquisition&#13;    of additional minority interest (15%) in June 2019&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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 &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Share&#13;    of income&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;7,698&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,362&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Closing&#13;    balance&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;51,410&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;45,634&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;Company tests at least annually the recoverability of the carrying amount of goodwill and there was no impairment for this goodwill.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfJointVenturesExplanatory>
    <ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Property and equipment&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 30%; vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Cost&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 6%; vertical-align: top; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Building&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 6%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Machinery&#13;    and equipment&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 5%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Lands&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 5%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Vehicles&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 5%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Furniture&#13;    and fixtures&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 6%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;IT&#13;    equipment&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 5%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Library&#13;    books&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Laboratories&#13;    and clinics&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Leasehold&#13;    improvements&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Construction&#13;    in progress&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of January 1, 2018 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;20,135&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; 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    <ifrs-full:DisclosureOfIntangibleAssetsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;11&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible assets and goodwill&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; 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margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(i)&#13;The amount of R$4,030 added to goodwill relates to adjustments during the measurement period of the business combination of IESP in respect&#13;to amounts to be included as part of the purchase price allocation at acquisition date mainly related to impairment of receivables.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(ii)&#13;On August 13, 2019, Afya Brazil entered into a purchase agreement with the shareholders of IPEC for the acquisition of 100% of IPEC.&#13;IPEC was a non-operational postsecondary education institution with governmental authorization to offer on-campus post-secondary undergraduate&#13;courses in medicine in the State of Par&amp;#225;, that commenced its operation in September 2019. Prior to the acquisition date, IPEC has&#13;no significant assets and liabilities. The purchase price of R$ 108,000 is comprised of: i) R$ 54,000 paid in cash on the acquisition&#13;date; ii) R$ 54,000 is payable in two equal instalments of R$ 27,000 payable annually from August 13, 2020 to August 13, 2021, and adjusted&#13;by the CDI rate. The instalment due in August 2020 was  paid in the total amount of R$28,104.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Licenses&#13;with indefinite useful life include intangible assets acquired through business combinations. The licenses for medicine and other courses&#13;granted by the Ministry of Education (&amp;#8220;MEC&amp;#8221;) to the companies acquired have no expiration date and the Company has determined&#13;that these assets have indefinite useful lives.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;impairment testing goodwill and licenses with indefinite useful lives acquired through business combinations are allocated to CGUs.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company performed its annual impairment test on December 31, 2020 and 2019.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company tests at least annually the recoverability of the carrying amount of goodwill and licenses with indefinite useful lives for each&#13;CGU. The process of estimating these values involves the use of assumptions, judgments and estimates of future cash flows that represent&#13;the Company's best estimate.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;There&#13;was no impairment for goodwill and licenses with indefinite useful lives as of December 31, 2020, 2019 and 2018.&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;carrying amounts of goodwill and licenses with indefinite useful life by CGU and their value in use and the discount rates used for the&#13;impairment assessment as of December 31, 2020 and 2019 was:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="11" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-bottom: 9pt; text-align: center; padding-left: 10.9pt; padding-right: 3.5pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Carrying&#13; 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   &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 11%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; 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padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;380,682&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Medphone&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,843&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;6,477&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;*CBBW&#13;as merged by Medcel on May 1, 2020.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;The&#13;main assumptions used by the Company to determine the value in use of the CGUs were:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Student&#13;enrollment&lt;/i&gt; &amp;#8211; refer to the number of students that are currently enrolled in each CGU.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Tuition&#13;fees&lt;/i&gt; &amp;#8211; is the monthly fee charged to students.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Occupancy&#13;rate&lt;/i&gt; &amp;#8211; the occupancy rate of the medical schools is the ratio of the number of &lt;i&gt;students effectively enrolled divided by&#13;the regulatory capacity in a given period.&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Regulatory&#13;capacity&lt;/i&gt; &amp;#8211; the regulatory capacity is defined by the number of medical schools seats available per year awarded by MEC, multiplied&#13;by the number of years of operations since the seats were awarded.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Faculty&#13;&amp;#8211; &lt;/i&gt;refer to the cost with faculty in the CGU, which means the amount paid to teachers and doctors.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Digital&#13;content platform users &lt;/i&gt;&amp;#8211; refer to mobile app subscription and online courses for digital content users.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Discount&#13;rates:&lt;/i&gt; discount rates represent the current market assessment of the risks specific to the CGU being tested. The pre-tax discount&#13;rate applied to cash flow projections is 13.00% in 2020 (12.60% in 2019).&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; text-indent: -10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Significant&#13;estimate: impact of possible changes in key assumptions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; text-indent: -10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;An&#13;increase of 13 basis points in management&amp;#8217;s estimated discount rate applied to the cash flow projections of each CGU for the year&#13;ended December 31, 2020, or a decrease of 50 basis points on estimated EBITDA would have not resulted in significant impacts on these&#13;financial statements.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; color: rgb(192,0,0); text-indent: -21.3pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Other&#13;intangible assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; color: rgb(192,0,0); text-indent: -21.3pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Intangible&#13;assets, other than goodwill and licenses with indefinite useful lives, are valued separately for each acquisition and are amortized during&#13;each useful life. The useful lives and methods of amortization of other intangibles are reviewed at each financial year end and adjusted&#13;prospectively, if appropriate.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;estimated useful lives of intangible assets are as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 80%; padding-left: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Customer relationships&#13;    &amp;#8211; medicine&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;6&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Customer relationships&#13;    &amp;#8211; other courses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4.5&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Software&#13;    license&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;5&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Education&#13;    content&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Trademarks&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;19&#13;    - 20 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Developed&#13;    technology&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;5&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;the years ended December 31, 2020, 2019 and 2018, there were no indicatives that the Company&amp;#8217;s intangible assets with finite useful&#13;lives might be impaired.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfIntangibleAssetsExplanatory>
    <ifrs-full:DisclosureOfFinancialInstrumentsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Financial assets and financial liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12.1&#13;Financial assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="width: 71%; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Financial&#13;    assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 12%; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;At&#13;    amortized cost&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Cash&#13;    and cash equivalents&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;1,045,042&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&amp;#160;943,209&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Restricted&#13;    cash&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;2,053&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;16,841&#13;    &amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Trade&#13;    receivables&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;309,944&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;135,240&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; 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 &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;1,347,359&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&amp;#160;1,083,436&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Non-current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;9,680&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; 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font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="width: 70%; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;Financial&#13;    liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; 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   &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;Trade&#13;    payables&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;35,743&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;17,628&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;Loans&#13;    and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;617,485&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 2pt"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;648&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;FINEP&#13;    (d)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Brazilian&#13;    real&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;TJLP&#13;    p.y.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;2027&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;10,864&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;6,750&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;BNDES&#13; 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   &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;471&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Banco&#13;    Votorantim (b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Brazilian&#13;    real&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;CDI&#13;    + 1.65% p.y.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;2021&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;101,785&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; 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(a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Brazilian&#13;    real&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;CDI&#13;    + 1.62% p.y.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;2023&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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 &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On October 1, 2020, Afya Brazil entered into a loan&#13;    with Banco Ita&amp;#250; Unibanco S.A. in the amount of R$ 500,000 &lt;font style="background-color: white"&gt;adjusted by the CDI rate plus&#13;    &lt;/font&gt;an interest rate of 1.62% per year and is repayable in three installments in October 2022, April 2023 and October 2023.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On July 3, 2020, Afya Brazil entered into a loan agreement&#13;    with Banco Votorantim S.A. in the amount of R$ 100,000 adjusted by the CDI rate plus an interest rate of 1.65% per year and is repayable&#13;    at maturity on July 5, 2021.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(c)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On May 5, 2020, as a result of the acquisition of UniSL,&#13;    the Company assumed loans agreements BNDES which has an interest rate of 10.03% per year and maturity in 2024.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(d)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On July 23, 2019, Medcel entered into a loan of R$&#13;    16,153 with Financiadora de Estudos e Projetos (&amp;#8220;FINEP&amp;#8221;), a governmental agency focused on financing investments on R&amp;#38;D,&#13;    which has an interest rate based on TJLP (Long term interest rate), 2019 and maturity in 2027. The first and second tranches of R$6,734&#13;    and R$4,130, respectively, were drawdown in October 2019 and December 2020, respectively, in order to develop the Medical web series&#13;    and other digital content. There is no financial covenant related to this agreement. The loan is guaranteed by bank warranty in the&#13;    amount of R$ 10,864.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(e)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On November 16, 2018, Afya Brazil entered into a euro-denominated&#13;    loan agreement with Ita&amp;#250; Unibanco S.A. in the amount of R$ 74,980 (equivalent to &amp;#8364;17,500). The loan accrues interest at&#13;    1.01% per annum and is repayable in three equal installments on November 18, 2019, May 18, 2020 and November 12, 2020. The loan agreement&#13;    contains a financial covenant requiring Afya Brazil to maintain a Net Debt to EBITDA ratio less or equal to: 2.2x at end of 2018&#13;    and 2019 and 1.8x at the end of 2020. The loan was guaranteed by financial investments, classified as restricted cash, in the amount&#13;    of R$14,788 as of December 31, 2019. This loan was repaid on November 12, 2020.&lt;br /&gt;&lt;br /&gt;On November 21, 2018, Afya Brazil entered&#13;    into cross-currency interest rate swaps in order to mitigate the foreign exchange exposure related to a loan denominated in Euros.&#13;    The swap agreements are comprised of derivative assets to swap the foreign exchange exposure (Euros to Brazilian real) and derivative&#13;    liabilities for the interest rate swap (1.01% p.y. to 128% of CDI). The swap agreements have three maturities on November 18, 2019,&#13;    May 18, 2020 and November 12, 2020.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Fair&#13;    value&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 58%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Cross-currency&#13;    interest rate swap agreements&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 17%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Principal&#13;    amount (notional)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 13%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 12%; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Asset&#13;    position: Euros + 1.01% p.y.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;49,165&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;53,045&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Liability&#13;    position: 128% of CDI&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(49,165)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(53,802)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Net&#13;    position &amp;#8211; assets (liabilities)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(757)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&#13;    assets (liabilities)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(757)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Noncurrent&#13;    assets (liabilities)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12.2.2&#13;Leases&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;Company adopted IFRS 16 using the modified retrospective method of adoption with the date of initial application of January 1, 2019.&#13;The Company has lease contracts for properties. The maturity of the lease contracts generally have lease terms between 5 and 30 years.&#13;There are no sublease and variable payments in-substance lease agreements in the period. &lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Set&#13;out below are the carrying amounts of right-of-use assets and lease liabilities and the movements during the period:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Right-of-use&#13;    assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Lease&#13;    liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;    at January 1, 2019&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;212,360&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;212,360&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Additions&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;19,100&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;19,100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;    combinations &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;61,145&lt;/font&gt;&lt;/td&gt;&#13; 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text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Closing&#13;    balance&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;518,240&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;300,237&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;177,730&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;(a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;On November 27, 2018, Afya&#13;    Brazil acquired 80% of IESP and the amounts of (i) R$8,906 was paid in February 2019, and (ii) R$106,200 is payable in three equal&#13;    installments of R$35,400, each adjusted by the CDI rate through the payment date. The first and second installments were paid in&#13;    November 2019 and 2020, respectively, and the remaining installment is due by the end of the third year from the transaction closing&#13;    date.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;(b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;On December 5, 2018, Afya&#13;    Brazil acquired 100% of FADEP and the amount of R$52,846 is payable in three equal installments of R$17,615, each adjusted by the&#13;    SELIC rate through the payment date and due semiannually from the transaction closing date. The first installment was paid in June&#13;    2019, the second installment was paid in December 2019, and the last installment was paid in June 2020.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;(c)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;On April 3, 2019, Afya Brazil&#13;    acquired 90% of FASA and R$ 39,695 was paid in April 2020, R$ 29,770 is payable in April 2021, and R$ 29,770 is payable in April&#13;    2022; each adjusted by the IPCA rate + 4.1% per year.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(d)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;On May 9, 2019, Afya Brazil&#13;    acquired 100% of IPEMED and R$ 45,303 is payable in five equal installments of R$ 9,061, adjusted by the CDI rate, and due annually&#13;    in February 2020, 2021, 2022, 2023 and 2024.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(e)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On August 13, 2019, Afya Brazil acquired 100% of IPEC&#13;    and R$54,000 was paid in cash on the transaction closing date, and (ii) R$54,000 is payable in two equal installments, adjusted by&#13;    the CDI rate, and due annually at the end of the first and the second year from the transaction closing date.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;(f)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;On January 31, 2020, Afya&#13;    Brazil acquired 100% of UniRedentor and R$ 114,607 was paid in cash on the transaction closing date, and the original amount of R$100,000&#13;    is payable in five equal installments from January 2021 through July 2024, adjusted by the CDI rate. The purchase consideration was&#13;    adjusted by R$4,503 and such amount will be deducted from the first installment due in January 2021. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;(g)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;On May 5, 2020, Afya Brazil&#13;    acquired 100% of UniSL. The purchase consideration is R$201,521, of which: R$ 141,065 was paid in cash on the transaction closing&#13;    date, and R$ 60,456 is payable in three equal installments through May 2023, adjusted by the CDI rate. &lt;/font&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    purchase consideration was adjusted by R$7,816 and such amount will be deducted from the first installment due in May 2021.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(h)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;On November 9, 2020, Afya&#13;    Brazil acquired 100% of FCMPB. The net purchase price &lt;/font&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;of&#13;    R$379,913 was adjusted to R$378,807&lt;font style="background-color: white"&gt;, of which: R$ 189,&lt;/font&gt;913 &lt;font style="background-color: white"&gt;was&#13;    paid in cash on the transaction closing date, and R$ 188,894 is payable in four installments through November 2024, adjusted by the&#13;    CDI rate.&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(i)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On November 3, 2020, Afya Brazil acquired 100% of the&#13;    share capital of FESAR. The aggregate purchase price was R$260,836, including the CDI rate adjustment from the singing and the real&#13;    state of the operation, estimated at R$ 17,397, of which 100% was paid in cash on the closing of the operation. The purchase consideration&#13;    was adjusted by R$1,569 and was paid on February 25, 2021.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(j)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On November 4, 2020, Afya Brazil acquired 100% of the&#13;    share capital of MedPhone. The net purchase price was R$6,373 of which 100% was paid in cash on the closing of the operation. The&#13;    purchase consideration was adjusted by R$36 and was paid on February 2, 2021.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12.2.4&#13;Notes payable&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;With&#13;the acquisition of UniSL, Afya Brazil assumed notes payable regarding the previous acquisition of a portion of the operations of Universidade&#13;Luterana do Brasil (ULBRA) by UniSL in auction by the end of 2018. Two of the UniSL campuses, located in the cities of Ji-Paran&amp;#225;&#13;and Porto Velho in the State of Rond&amp;#244;nia, were acquired in such transaction. As at December 31, 2020, notes payable of R$ 76,181,&#13;has a final maturity in 2023 and is adjusted by 100% of IPCA-E.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Set&#13;out below are the carrying amount of notes payable and the movements during the period:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 66%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 6%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 28%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Notes&#13;    payable&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;    at January 1, 2020&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;    combination&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;80,526&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Payments&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(5,974)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Monetary&#13;    indexation&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,629&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    at December 31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;76,181&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10,503&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Non-current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;65,678&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12.3&#13;Fair values&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;table below is a comparison of the carrying amounts and fair values of the Company&amp;#8217;s financial instruments, other than those carrying&#13;amounts that are reasonable approximation of fair values:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Carrying&#13;    amount&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Fair&#13;    value&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Carrying&#13;    amount&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Fair&#13;    value&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Financial&#13;    assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Restricted&#13;    cash&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;2,053&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;2,053&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;16,841&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;16,841&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Trade&#13;    receivables (non-current)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;7,627&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;7,627&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;9,801&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;9,801&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;9,680&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;9,680&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;26,642&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;26,642&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Financial&#13;    liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Loans&#13;    and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;617,485&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;637,723&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;60,357&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;60,443&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Lease&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;284,515&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;284,515&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Accounts&#13;    payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;518,240&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;518,240&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; 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padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Derivatives&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;fair value of interest-bearing borrowings and loans are determined by using the DCF method using discount rate that reflects the issuer&amp;#8217;s&#13;borrowing rate as at the end of the reporting period. The own non-performance risk at December 31, 2020 was assessed to be insignificant.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12.4.Financial&#13;instruments risk management objectives and policies&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;Company&amp;#8217;s principal financial liabilities, other than derivatives, comprise loans and financing, accounts payable to selling shareholders,&#13;trade payables and advances from customers. The main purpose of these financial liabilities is to finance the Company&amp;#8217;s operations.&#13;The Company&amp;#8217;s principal financial assets include trade receivables, cash and cash equivalents and financial investments classified&#13;as restricted cash that derive directly from its operations. The Company has also entered into derivative transactions to protect its&#13;exposure to foreign currency risk.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;Company is exposed to market risk, credit risk and liquidity risk. The Company monitors market, credit and operational risks in line&#13;with the objectives in capital management and counts with the support, monitoring and oversight of the Board of Directors in decisions&#13;related to capital management and its alignment with the objectives and risks. The Company&amp;#8217;s policy is that no trading of derivatives&#13;for speculative purposes may be undertaken. The Board of Directors reviews and agrees policies for managing each of these risks, which&#13;are summarized below.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12.4.1&#13;Market risk&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Market&#13;risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices.&#13;The Company&amp;#8217;s exposure to market risk is related to interest rate risk and foreign currency risk.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;sensitivity analysis in the following sections relate to the position as at December 31, 2020.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 14pt Times New Roman, Times, Serif; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 21.3pt"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;(i)&lt;/i&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Interest&#13;    rate risk&lt;/i&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Interest&#13;rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market&#13;interest rates. The Company&amp;#8217;s exposure to the risk of changes in market interest rates relates primarily to the Company&amp;#8217;s&#13;cash equivalents and financial investments classified as restricted cash with floating interest rates and accounts payable to selling&#13;shareholders.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;u&gt;Sensitivity&#13;analysis&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;The following table demonstrates the sensitivity to a reasonably possible&#13;change in the current interest rates on cash equivalents, restricted cash, loans and financing and derivatives and accounts payable to&#13;selling shareholders. With all variables held constant, the Company&amp;#8217;s income before income taxes is affected through the impact&#13;on floating interest rate, as follows:&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="4" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Increase / decrease in basis points&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 40%; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Balance as of 12/31/2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;Index &amp;#8211; % per year&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;Base rate&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 6%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;+75&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 8%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;-75&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 8%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;+150&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 8%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;-150&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Cash equivalents&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;916,790&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;90.95% CDI&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;15,843&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;6,876&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(6,876)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;13,752&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(13,752)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Restricted cash&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;2,053&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;76.10% CDI&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;30&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;15&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(15)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;31&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(31)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Loans and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(10,864)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;TJLP p.y.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(494)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(81)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;81&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(163)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;163&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Loans and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(101,785)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1.65%+100%CDI&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(3,613)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(763)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;763&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(1,527)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,527&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Loans and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(504,365)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1.62%+CDI&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(17,754)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(3,783)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;3,783&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(7,565)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;7,565&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Accounts payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(447,848)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;CDI&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(8,510)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(3,359)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;3,359&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(6,718)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;6,718&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Accounts payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(70,356)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;IPCA+4.1%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(2,894)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(528)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;528&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(1,055)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,055&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Notes payable&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(76,181)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;IPCA&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(1,028)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(571)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;571&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(1,143)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,143&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 14pt Times New Roman, Times, Serif; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 21.3pt"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;(ii)&lt;/i&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Foreign&#13;    currency risk&lt;/i&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Foreign&#13;currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange&#13;rates. The Company&amp;#8217;s exposure to the risk of changes in foreign exchange rates relates to cash and cash equivalents denominated&#13;in U.S. dollars in the amount of R$70,523 as of December 31, 2020 (December 31, 2019: R$2,529).&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;u&gt;Foreign&#13;currency sensitivity&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;following table demonstrates the sensitivity in the Company&amp;#8217;s income before income taxes of a 10% change in the U.S. dollar exchange&#13;rate (R$5.1961 to U.S. dollar 1.00) as of December 31, 2020 and 2019, with all other variables held constant. &lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="width: 60%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 16%; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Exposure&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 2%; text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 10%; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;+10%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 1%; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 11%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;-10%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of December 31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash&#13;    and cash equivalents&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;70,523&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;7,052&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(7,052)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: bold 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12.4.2&#13;Credit risk&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Credit&#13;risk is the risk that a counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial&#13;loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing activities,&#13;including cash and cash equivalents and restricted cash.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Customer&#13;credit risk is managed by the Company based on the established policy, procedures and control relating to customer credit risk management.&#13;Outstanding customer receivables are regularly monitored. See Note 7 for additional information on the Company&amp;#8217;s trade receivables.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Credit&#13;risk from balances with banks and financial institutions is management by the Company&amp;#8217;s treasury department in accordance with&#13;the Company&amp;#8217;s policy. Investments of surplus funds are made only with approved counterparties and within limits assigned to each&#13;counterparty.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company&amp;#8217;s maximum exposure to credit risk for the components of the statement of financial position at December 31, 2020 and 2019&#13;is the carrying amounts of its financial assets.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0.55pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12.4.3&#13;Liquidity risk&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0.55pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;Company&amp;#8217;s Management has responsibility for monitor liquidity risk. In order to achieve the Company&amp;#8217;s objective, Management&#13;regularly reviews the risk and maintains appropriate reserves, including bank credit facilities with first tier financial institutions.&#13;Management also continuously monitors projected and actual cash flows and the combination of the maturity profiles of the financial assets&#13;and liabilities.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;main requirements for financial resources used by the Company arise from the need to make payments for suppliers, operating expenses,&#13;labor and social obligations, loans and financing and accounts payable to selling shareholders.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;tables below summarize the maturity profile of the Company&amp;#8217;s financial liabilities based on contractual undiscounted amounts:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="width: 50%; white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of December 31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Less&#13;    than 1 year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1&#13;    to 3 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;3&#13;    to 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;More&#13;    than 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Trade&#13;    payables&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;35,743&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;35,743&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Loans&#13;    and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;125,137&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;566,157&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,010&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,094&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;698,398&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Lease&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;63,092&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;131,225&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;124,114&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;705,115&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,023,546&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Accounts&#13;    payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;191,145&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;262,340&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;81,153&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;534,638&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Notes&#13;    payable&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;11,083&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;83,803&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;94,886&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Advances&#13;    from customers&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;63,839&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;63,839&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;490,039&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,043,525&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;209,277&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;708,209&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,451,050&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="width: 50%; white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of December 31, 2019&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Less&#13;    than 1 year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1&#13;    to 3 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;3&#13;    to 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;More&#13;    than 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Trade&#13;    payables&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;17,628&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;17,628&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Loans&#13;    and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;54,507&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;3,537&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;2,517&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;1,926&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;62,487&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Lease&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;44,139&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;81,326&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;76,013&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;502,831&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;704,309&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Accounts&#13;    payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;137,608&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;182,535&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;36,860&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Derivatives&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;757&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; 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border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;74,980&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,821&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,697&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(4,936)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;81,936&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;</ifrs-full:DisclosureOfFinancialInstrumentsExplanatory>
    <afya:FairValueMeasurementExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;13&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Fair value measurement&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;The following table&#13;provides the fair value measurement hierarchy of the Company&amp;#8217;s assets and liabilities as of December 31, 2020 and 2019.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="4" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Fair value measurement&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 31%; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Quoted prices in active markets (Level 1)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Significant observable inputs (Level 2)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Significant unobservable inputs (Level 3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;December 31, 2020&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"&gt;Assets for which fair values&#13;    are disclosed&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Trade receivable (non-current)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;7,627&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;7,627&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Restricted Cash&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;2,053&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;2,053&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Liabilities for which fair values are disclosed&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Loans and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(637,723)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(637,723)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Lease liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(447,703)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(447,703)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Accounts payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(518,240)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(518,240)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Notes payable&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(76,181)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(76,181)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;- &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;December 31, 2019&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Liabilities measured at fair value:&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Derivative financial liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Cross-currency interest rate swaps&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(757)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(757)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Assets for which fair values are disclosed&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;Restricted cash&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;16,841&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;16,841&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Trade Receivable (non-current)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;9,801&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;9,801&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Liabilities for which fair values are disclosed&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Loans and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(60,443)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(60,443)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Lease liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(284,515)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(284,515)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Accounts payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(300,237)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(300,237)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;There were no&#13;transfers between Level 1 and Level 2 during 2020 and 2019.&lt;/font&gt;&lt;/p&gt;</afya:FairValueMeasurementExplanatory>
    <afya:CapitalManagementExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Capital management&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;For&#13;the purposes of the Company&amp;#8217;s capital management, capital considers total equity. The primary objective of the Company&amp;#8217;s&#13;capital management is to maximize the shareholder value.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;Company manages its capital structure and makes adjustments in light of changes in economic conditions and to maintain and adjust the&#13;capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The&#13;Company monitors capital using net debt and total equity. The Company includes within net debt, loans and financing less cash and cash&#13;equivalents and restricted cash. &lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 67%; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 16%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 2%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Loans&#13;    and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;617,485&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;60,357&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Lease&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;447,703&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;284,515&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Accounts&#13;    payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;518,240&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;300,237&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Notes&#13;    payable&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;76,181&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Less:&#13;    cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,045,042)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(943,209)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Less:&#13;    restricted cash&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(2,053)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(16,841)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Net&#13;    debt&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;612,514&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(314,941)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Total&#13;    equity&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,833,780&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,113,726&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    equity and net debt&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;3,446,294&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,798,785&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;No&#13;changes were made in the objectives, policies or processes for managing capital during the years ended December 31, 2020 and 2019.&lt;/font&gt;&lt;/p&gt;</afya:CapitalManagementExplanatory>
    <afya:LaborAndSocialObligationsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;15&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Labor and social obligations&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 21.3pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;a)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Variable compensation (bonuses)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;Company recorded bonuses related to variable compensation of employees and management in cost of services and general and administrative&#13;expenses of R$ 9,514, R$ 6,871 and R$1,945 for the years ended December 31, 2020, 2019 and 2018, respectively.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 21.3pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;b)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Share-based compensation plans&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;b.1)&#13;Share-based compensation plans exercised in 2019&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;fair value of the stock options was estimated at the grant date using the Monte Carlo pricing model for Afya Brazil and Black &amp;#38; Scholes&#13;pricing model for the Guardaya&amp;#8217;s plan, taking into account the terms and conditions on which the stock options were granted. The&#13;exercise price of the stock options granted was monetarily adjusted by the CDI rate. The Company accounted for the stock options plan&#13;as an equity-settled plan.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;stock options granted in June 2018 had the following vesting periods after the grant date: 10% after 90 days, 15% after 12 months, 25%&#13;after 24 months, 25% after 36 months and 25% after 48 months.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;stock options granted in February 2019 had the following vesting periods after the grant date: 10% after 90 days, 15% after 15 months,&#13;25% after 27 months, 25% after 39 months and 25% after 51 months.&lt;br style="clear: both" /&gt;&#13;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Guardaya&amp;#8217;s stock options had the following vesting periods: 10% after 1 year, 15% after 2 years, 25% after 3 years and 50% after&#13;4 years.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;stock options vest immediately at the following liquidity events: (i) an IPO, (ii) changes in the Company&amp;#8217;s control group; and&#13;(iii) sale of Crescera&amp;#8217;s interest on Afya Brazil. On July 18, 2019, Afya Limited completed its IPO and the stock options became&#13;vested.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;following table list the inputs to the model used to determine the fair value of the stock options:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;05/15/2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;02/07/2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;03/29/2019*&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Weighted&#13;    average fair value at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;R$&#13;    366.16&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;R$&#13;    529.12 &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;R$&#13;    684.22&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Dividend&#13;    yield (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    volatility (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;49.5%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;45.5%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;43.7%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Risk-free&#13;    interest rate (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;7.7%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;7.6%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;7.2%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    life of stock options (years)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;4.0&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;4.0&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;4.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Weighted&#13;    average share price&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;R$254.13&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;R$&#13;    368.41&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;R$&#13;    213.35&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Model&#13;    used&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Monte&#13;    Carlo&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Monte&#13;    Carlo&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Black&#13;    &amp;#38; Scholes &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="width: 48%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 16%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 16%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 20%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;*After&#13;the corporate reorganization described in Note 1, the options originally granted under the Guardaya&amp;#8217;s plan granted on August 10,&#13;2018 were remeasured at fair value and included in Afya Brazil&amp;#8217;s plan with no changes to the previous terms and conditions other&#13;than the shares subject to such options granted and, consequently, the number of stock and exercise price of the shares as per the share&#13;exchange ratio applied on the corporate reorganization.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;stock options became vested immediately as a result of the IPO mentioned in Note 1 and was fully exercised on July 31,2019 at Afya Limited.The&#13;share-based compensation expense recognized in general and administrative expenses in the statement of income for the year ended December&#13;31, 2019 related to these stock option plans was R$ 7,074 (R$ 2,161 for the year ended December 31, 2018).&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;In&#13;September, 2019, as a result of the IPO mentioned in Note 1, the Company had a capital increase through the issuance of 1,842,428 Class&#13;A common shares in the amount of R$ 17,627 related to the exercise of the stock options.&lt;br style="clear: both" /&gt;&#13;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;following table illustrates the number and movements in stock options during the periods:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="font-size: 10pt; width: 39%; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; width: 1%; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 10pt; width: 30%; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Number&#13;    of stock options (i) &amp;#8211; 2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 10pt; width: 30%; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Number&#13;    of stock options (i) &amp;#8211; 2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Outstanding&#13;    at January 1&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,291,248&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Granted&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;293,860&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,434,720&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Forfeited&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;-&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Addition&#13;    of Guardaya&amp;#8217;s plan&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;257,320&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Exercised&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,842,428)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(143,472)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expired&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 10pt; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Outstanding&#13;    at December 31&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,291,248&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 14pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 21.3pt"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(i)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;    number of common shares outstanding from Afya Brazil was retrospectively adjusted in the proportion of 1:28 due to the contribution&#13;    of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya Brazil contributed to Afya, which did&#13;    not result in changes on the arrangements of the plans.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;b.2)&#13;Afya Limited share-based compensation plan&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;stock options plan approved on August 30, 2019 as a result of the IPO will govern the issuance of equity incentive awards with respect&#13;to Company&amp;#8217;s Class A common shares. On September 2, 2019 and September 25, 2019, the Company granted 2,306,213 and 58,000 stock&#13;options, respectively. The fair value of the stock options was estimated at the grant date using the Binomial pricing model, taking into&#13;account the terms and conditions on which the stock options were granted. The Company accounts for the stock options plan as an equity-settled&#13;plan.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;stock options will vest in five installments of 20% per year, starting on May 1 of the year following the date of execution of the option&#13;agreement with each beneficiary.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;March 19, 2020, 230,000 additional stock options were granted, with an exercise price of US$19.00 each. These stock options will vest&#13;in four annual installments, representing each, respectively, 25% of the total stock options granted to such option holder.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;July 29, 2020, the board of directors approved a change in the strike price of the current share-based compensation plan. The strike&#13;price is now measured in Brazilian Reais (where the Company&amp;#8217;s operations are located and valuated) adjusted by CDI rate instead&#13;of U.S. dollar adjusted by T-Bond. Furthermore, the first tranche had its vesting period extended from May 2020 to May 2021, including&#13;one year lock-up period after the vesting period. This change was assessed as a modification by the Company and was accounted in accordance&#13;with IFRS 2.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;result, the expense related to the share-based payment of the Company reflects the cost of the original award at grant date over the&#13;vesting period plus the incremental fair value of the repriced options at modification date (R$11.53 average per option, in Brazilian&#13;Reais) over the vesting period of the options.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;August 17, 2020, 127,000 additional stock options were granted, with an exercise price of R$74 and R$122 (in Brazilian Reais). These&#13;stock options will vest in 3 to 5 annual installments.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;November 26, 2020, 115,000 additional stock options were granted, with an exercise price of R$126 (in Brazilian Reais). These stock options&#13;will vest in 5 annual installments.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;On&#13;December 16, 2020, 5,220 additional stock options were granted, with an exercise price of R$97 (in Brazilian Reais). These stock options&#13;will vest in 1 annual installment.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;share-based compensation expense, including the incremental fair value as result of the modification, recognized in general and administrative&#13;expenses in the statement of income for the year ended December 31, 2020 was R$ 32,610 (December 31, 2019: R$ 11,040).&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;following table illustrates the number and movements in stock options during the period:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td rowspan="2" style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Weighted&#13;    average exercise price (in Reais)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Number&#13;    of stock options&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: rgb(54,95,145) 1pt solid; white-space: nowrap; text-align: right; padding-left: 0.1in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="width: 40%; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Outstanding&#13;    at January 1&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 31%; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;74.53&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 16%; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,364,214&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 13%; white-space: nowrap; text-align: right; padding-left: 0.1in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Granted&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;94.55&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;477,220&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 0.1in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,364,214&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Forfeited&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;74.57&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(274,359)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 0.1in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Exercised&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;96.20&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(56,092)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 0.1in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expired&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 0.1in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Outstanding&#13;    at December 31&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;78.22&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,510,983&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 0.1in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,364,214&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;following table list the inputs to the model used to determine the original fair value of the stock options granted in March 2020 and&#13;September 2019:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 407px; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;March&#13;    2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;September&#13;    2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Strike&#13;    price at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;US$&#13;    19.00&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;US$&#13;    19.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Dividend&#13;    yield (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    volatility (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;39.7%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;38.9%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Risk-free&#13;    interest rate (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.8%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1.4%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    life of stock options (years)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4.0&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;5.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Share&#13;    price at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;US$&#13;    16.30&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;US$&#13;    21.90&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Model&#13;    used&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Binomial&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Binomial&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Weighted&#13;    average fair value at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;US$&#13;    3.94&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;US$&#13;    6.55&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;July 29, 2020 the stock options plans granted in September 2019 and March 2020 was remeasured considering the new strike price in Brazilian&#13;Reais. The strike price was previously measured at US$ 19.00 adjusted by T-Bond rates. The average incremental fair value, as result&#13;of the modification, was R$ 15.94 per option. The following table list the inputs to the model used to determine the incremental fair&#13;value of the stock options as result of the modification:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 60%; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 20%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Modified&#13;    plan&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 20%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Original&#13;    plan (*)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Strike&#13;    price at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    74.38&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    99.09&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Dividend&#13;    yield (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    volatility (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;41%&#13;    - 76%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;42%&#13;    - 76%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Risk-free&#13;    interest rate (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2.0%&#13;    - 4.9%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.2%&#13;    - 0.4%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    life of stock options (years)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1&#13;    &amp;#8211; 4&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1&#13;    &amp;#8211; 4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Share&#13;    price at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    133.68&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    133.68&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Model&#13;    used&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Binomial&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Binomial&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Weighted&#13;    average fair value at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    69.54&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    57.12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(*)&#13;The strike price of the original plan was based in U.S. dollars.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;following table list the inputs to the model used to determine the fair value of the stock options granted on August 17,2020, November&#13;26, 2020 and December 16, 2020, which has been granted in line with the modified plan on July 29, 2020:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 48%; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 20%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;August&#13;    2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 17%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;November&#13;    2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 15%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;December&#13;    2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Strike&#13;    price at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$74&#13;    &amp;#8211; R$122&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$126&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$97&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Dividend&#13;    yield (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    volatility (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;41%&#13;    - 75%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;40%&#13;    - 69%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;69%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Risk-free&#13;    interest rate (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2.2%&#13;    - 6.1%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2.2%&#13;    - 6.9%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.9%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    life of stock options (years)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1&#13;    &amp;#8211; 5&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1&#13;    &amp;#8211; 5&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Share&#13;    price at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    136&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;145.15&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    119.78&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Model&#13;    used&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Binomial&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Binomial&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Binomial&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Weighted&#13;    average fair value at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    67.12&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    56.43&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    40.38&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;</afya:LaborAndSocialObligationsExplanatory>
    <ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;16&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Equity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;a.&#13;Share capital&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="background-color: white"&gt;As of December 31, 2020, the Company&amp;#8217;s&#13;share capital was R$ 17 (R$ 17 as of December 31, 2019) comprised by 93,146,731 shares (45,112,416 class A common shares and 48,034,315&#13;class B common shares) and 89,744,275 shares as of December 31, 2019 (&lt;font style="color: #0d0e00"&gt;31,814,690 class A common shares and&#13;57,929,585 class B common shares&lt;/font&gt;).&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="background-color: white"&gt;In 2020, the Company issued 3,260,480&#13;of the Class A common shares through the public equity offering, as described in Note 1. In addition, on July 20, 2020, the Company's&#13;additional paid in capital was increased by R$17,531 in connection with issuance of 141,976 Class A common shares as described in &lt;/font&gt;Note&#13;5.1(c).&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;b.&#13;Afya Brazil&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Prior&#13;to the completion of Afya&amp;#8217;s IPO in July 2019, Afya Brazil was the predecessor of Afya. As such, the consolidated financial statements&#13;reflect the operating results of Afya Brazil prior to the reorganization. As of December 31, 2018, Afya Brazil&amp;#8217;s share capital&#13;was R$ 315,000 represented by 1,443,541 shares, comprised of 1,411,895 common shares, 26,523 Class A preferred shares and 5,123 Class&#13;B preferred shares.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Common&#13;shares were the only class of shares with voting rights.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Class&#13;A preferred shares had the following characteristics: (i) do not grant voting rights at the shareholders meetings; (ii) the right to&#13;receive an amount, as dividend, per share equal to 17.7 times the amount received per common share; and (iii) were convertible into common&#13;shares at the ratio of 1 preferred share for 17.7 common shares in the situations described in the Shareholders Agreement.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Class&#13;B preferred shares had no voting rights and had priority in capital reimbursement in case of liquidation of the Company, with no premium.&#13;Class B preferred shares were convertible into common shares at the ratio of 1 Class B preferred share for 1 common share, in certain&#13;situations.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;April 26, 2018, the shareholders approved a capital increases of (i) R$55,000 through the issuance of 124,994 common shares; and (ii)&#13;R$ 11,670 through the issuance of 26,523 Class A preferred shares.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;August 31, 2018, the Board of Directors approved a capital increase of R$1,304 through the issuance of 5,123 Class B preferred shares.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;December 4, 2018, the shareholders approved a capital increase of R$99,999 through the issuance of 137,298 common shares.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;December 31, 2018, the shareholders approved a capital increase of R$ 80,541 with earnings reserves and retained earnings without an&#13;issuance of new shares.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;March 8, 2019, the shareholders of Afya Brazil approved a renounce of dividends for the year ended December 31, 2016 of R$4,107; and&#13;an increase of capital through the issuance of 37,200 common shares, in the amount of R$ 0.01, subscribed entirely by the shareholders&#13;BR Health and certain members of the Esteves Family.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;March 12, 2019, the shareholders of Afya Brazil approved amongst other matters: (i) the change in its legal name to Afya Participa&amp;#231;&amp;#245;es&#13;S.A.; (ii) a capital increase through the issuance of 156,337 common shares, in the amount of R$ 150,000, subscribed entirely by BR Health;&#13;and (iii) the propose to repurchase 160,000 common shares issued by the Company, at the acquisition price of R$ 206.25 per share, in&#13;the total amount of R$33,001, all held by the shareholder Nicolau Carvalho Esteves. The Company's common shares object of the repurchase&#13;approved were immediately canceled by the Company, without reduction of its share capital.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;March 29, 2019, Afya Brazil issued 378,696 common shares to the shareholders of BR Health and Guardaya, and had a capital increase of&#13;R$ 122,062 and an additional paid-in capital of R$ 137,051.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In&#13;June 2019, Afya Brazil&amp;#8217;s shareholders approved an increase of capital through the issuance of 157,202 common shares in exchange&#13;of the acquisitions of FASA, IESP and Univa&amp;#231;o minority interests, in the total amount of R$ 24,310.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;June 18, 2019, the shareholders of Afya Brazil approved an increase of capital through the issuance of 27,211 common shares in exchange&#13;of the acquisition of an addition 15% interest at UEPC, in the total amount of R$ 24,458, subscribed entirely by the shareholder Bozano&#13;Educacional II Fundo de Investimento em Participa&amp;#231;&amp;#245;es Multiestrat&amp;#233;gia.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In&#13;addition to the capital increase related to the acquisition of the non-controlling interests of FASA, IESP and Univa&amp;#231;o and the interest&#13;in UEPC, the Company had an additional paid-in capital of R$ 36,358.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;c.&#13;Dividends (Afya Brazil)&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;March 8, 2019, the shareholders of Afya Brazil approved the cancellation of dividends for the year ended December 31, 2016 of R$4,107.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;On&#13;June 13, 2019, Afya Brazil approved the payment of interim dividends totaling R$ 38,000 to Afya Brazil shareholders of record on June&#13;13, 2019. The dividend amount was determined based on the Afya Brazil&amp;#8217;s net income for the five months ended May 31, 2019 and were&#13;paid on September 26, 2019. Afya and its public shareholders were not entitled to receive such dividends.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;In&#13;2020, CCSI and IESVAP approved the payment of interim dividends totaling R$12,984 of which R$8,392 and R$4,592 was distributed to IESVAP&#13;and CCSI&amp;#8217;s non-controlling shareholders, respectively. The dividends were already paid.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"&gt;&lt;b&gt;d. Buy-back program&lt;/b&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;On December 23, 2020, the Company announced that its Board of Directors&#13;has approved a share buy-back program. Under the share buyback program, Afya may repurchase up to 1,015,844 of its outstanding Class&#13;A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning&#13;on December 24, 2020 continuing until the earlier of the completion of the repurchase or December 31, 2021, depending upon market conditions.&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;The share buy-back program will take place in accordance with the conditions&#13;established by the Board of Directors. Afya intends to repurchase the shares to execute the Stock Option Program for the executives of&#13;the Company. Afya&amp;#8217;s Board of Directors will review the share buy-back program periodically and may authorize adjustments to its&#13;terms and size or suspend or discontinue the program. Afya expects to utilize its existing funds to fund the repurchase of its shares.&#13;As of the issuance date of these financial statements and during the first months of 2021, the Company had repurchased 521,117 shares&#13;at the weighted average price of R$ 124.15 (in Brazilian Reais) or US$ 22.51.&lt;/p&gt;</ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory>
    <ifrs-full:DisclosureOfEarningsPerShareExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;17&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Earnings per share (EPS)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Basic&#13;EPS is calculated by dividing net income attributable to the equity holders of the Company by the weighted average number of common and&#13;preferred shares outstanding during the year.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Diluted&#13;EPS is calculated by dividing net income attributable to the equity holders of the parent by the weighted average number of common shares&#13;outstanding during the year plus the weighted average number of shares that would be issued on conversion of all potential shares with&#13;dilutive effects.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Diluted&#13;earnings per share are computed including stock options granted to key management using the treasury shares method when the effect is&#13;dilutive. The Company has the stock option plan in the category of potentially dilutive shares.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;following table reflects the net income and share data used in the basic and diluted EPS calculations:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 55%; text-align: justify; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 18%; text-align: right; padding-left: 0.5in; padding-right: 5.4pt; text-indent: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 12%; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2018*&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="text-align: justify; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Numerator&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income attributable&#13;    to equity holders of the parent&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;292,075&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;153,916&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;86,353&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Denominator&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 8.6pt; padding-right: 5.4pt; text-indent: -8.6pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Weighted&#13;    average number of outstanding shares&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;92,683,848&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;75,969,797&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;46,936,064&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Effects of dilution from&#13;    stock options&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;951,920&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;221,846&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;840,700&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: justify; padding-left: 7.1pt; line-height: 115%; padding-right: 5.4pt; text-indent: -7.1pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Weighted&#13;    average number of outstanding shares adjusted for the effect of dilution&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;93,635,768&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;76,191,643&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;47,776,764&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Basic&#13;    earnings per share (R$)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3.15&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2.03&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1.84&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Diluted&#13;    earnings per share (R$)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3.12&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2.02&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1.81&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;*&#13;Considers the effects from the contribution of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya&#13;Brazil contributed to Afya.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfEarningsPerShareExplanatory>
    <ifrs-full:DisclosureOfRevenueExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;18&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Revenue&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;Company&amp;#8217;s net revenue is as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 61%; vertical-align: bottom; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 13%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 11%; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 30.25pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Tuition&#13;    fees(*)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;1,388,735&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;856,561&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;385,784&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 30.25pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;99,817&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;43,116&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;4,414&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 30.25pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Deductions&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 30.25pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;Granted&#13; 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As result, R$2,361 of net revenue were deferred to the first semester of 2021 and recorded in&#13;advances from customers.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;Company&amp;#8217;s revenues from contracts with customers are all in Brazil. The Company is not subject to the payment of the social integration&#13;program tax (Programa de Integra&amp;#231;&amp;#227;o Social, or PIS) and the social contribution on revenues tax (Contribui&amp;#231;&amp;#227;o para&#13;o Financiamento da Seguridade Social, or COFINS) on the sale of undergraduation degrees under the PROUNI program.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;following table presents statements of income for the Company&amp;#8217;s operating segments for the years ended December 31, 2020 and&#13;2019:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; 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 &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Timing&#13;    of revenue recognition&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,002,461&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;200,349&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(1,619)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; 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   &lt;td style="border-bottom: black 1pt solid; width: 14%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business&#13;    Unit 1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 14%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business&#13;    Unit 2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 17%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Elimination&#13;    (inter-segment transactions)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 11%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Types&#13;    of services or goods&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;653,760&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;100,750&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(3,880)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;750,630&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Tuition&#13;    fees&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;648,957&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; 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   &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;40,555&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,880)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;41,478&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Timing&#13;    of revenue recognition&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;653,760&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; 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 &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Transferred&#13;    over time&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;648,957&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; 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   &lt;td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Transferred&#13;    at a point in time&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,803&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;35,880&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,880)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;36,803&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;</ifrs-full:DisclosureOfRevenueExplanatory>
    <ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;20&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Finance result&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 57%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 5.6pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 13%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Income&#13;    from financial investments&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;24,479&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;25,965&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,680&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Changes&#13;    in fair value of derivative instruments&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 0.3pt; padding-right: 5.4pt; text-indent: -0.3pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20,739&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,219&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest&#13;    received&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 0.3pt; padding-right: 5.4pt; text-indent: -0.3pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;11,876&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;9,680&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,364&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Foreign&#13;    exchange differences&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 0.3pt; padding-right: 5.4pt; text-indent: -0.3pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,321&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;5,196&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,723&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;165&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Finance&#13;    income&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;62,290&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;51,689&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;10,428&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Change&#13;    in fair value of derivative instruments&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,780)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest&#13;    expense&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(25,543)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(24,002)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(2,404)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest&#13;    expense on lease liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(44,458)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(31,469)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;    discounts granted&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(8,081)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(923)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,063)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Bank&#13;    fees&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(6,333)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(2,876)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,219)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Foreign&#13; 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   &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Finance&#13;    result&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(35,979)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(20,676)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; 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    <ifrs-full:DisclosureOfInsuranceContractsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;22&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Insurance contracts and contingencies&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 14.2pt"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Insurance&#13;    contracts&lt;/i&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;Company and its subsidiaries have a risk management program with the purpose of delimiting the risks, seeking in the market coverage&#13;compatible with its size and operations.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 14.2pt"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Legal&#13;    proceedings and contingencies&lt;/i&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;provisions related to labor and civil proceedings whose likelihood of loss is assessed as probable are as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 43%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 12%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Labor&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Civil&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Taxes&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balances&#13;    as of December 31, 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;297&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,423&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,720&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;    combinations&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,089&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,089&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Additions&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Reversals&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(166)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(191)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(357)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balances&#13;    as of December 31, 2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,233&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,232&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;3,465&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;    combinations&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,301&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;737&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,508&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,245&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Reversals&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,770)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,043)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(4,813)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balances&#13;    as of December 31, 2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,501&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,768&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;5,269&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;    combinations&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,741&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,348&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;27,487&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;32,576&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Additions*&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;562&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10,869&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;7,853&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;19,284&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Reversals&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,285)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(2,705)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,990)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balances&#13;    as of December 31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4,519&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;13,280&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;35,340&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;53,139&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;*The total amount of R$ 9,940 are related to legal proceedings&#13;attributed to the selling shareholders administration. The same amount was recorded as indemnification assets in the balance sheet in&#13;other assets.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;There&#13;are other civil, labor, taxes and social security proceedings assessed by Management and its legal counsels as possible risk of loss,&#13;for which no provisions are recognized, as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 62%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Labor&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,318&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,570&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Civil&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;59,969&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;39,135&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Taxes&#13;    and social security&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,375&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;7,583&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;66,662&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;50,288&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;Company has judicial deposits recorded in other assets (non-current) in the amount of R$ 1,451 as of December 31, 2020 (R$ 804 as of&#13;December 31, 2019).&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Under&#13;the terms of the Share Purchase and Sale Agreements ("Agreements") between the Company and the selling shareholders of the subsidiaries&#13;acquired, the Company assesses that the selling shareholders are exclusively responsible for any provisions (including labor, tax and&#13;civil), which are or will be the subject of a claim by any third party, arising from the act or fact occurred, by action or omission,&#13;prior to or on the closing dates of the acquisitions.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Accordingly,&#13;and considering that the provisions for legal proceedings recorded by the Company that result from causes arising from events occurring&#13;prior to the closing dates of the acquisitions, any liability for the amounts to be disbursed, in case of their effective materialization&#13;in loss, belongs exclusively to the selling shareholders. In this context, the Agreements state that the Company and its subsidiaries&#13;are indemnified and therefore exempt from any liability related to said contingent liabilities and, therefore, the provision amounts&#13;related to such contingencies are presented in the non-current liabilities and the correspondent amount of R$ 53,499 as of December 31,&#13;2020 (December 31, 2019: R$ 6,690) is presented in non-current other assets.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfInsuranceContractsExplanatory>
    <afya:DisclosureNoncashTransactionsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;23&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Non-cash transactions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;During&#13;the years ended December 31, 2020, 2019 and 2018, the Company carried out non-cash transactions which are not reflected in the statements&#13;of cash flows. The main non-cash transactions were the business combinations of Guardaya in March 2019 and IPTAN and IESVAP in 2018,&#13;and issuance of shares for the acquisition of PEBMED in 2020; and additions and remeasurements of right-of-use assets and lease liabilities&#13;in 2020 and 2019.&lt;/font&gt;&lt;/p&gt;</afya:DisclosureNoncashTransactionsExplanatory>
    <afya:BusinessCombinationsAndGoodwillPolicyExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;a)&#13;Business combinations and goodwill &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration&#13;transferred, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each&#13;business combination, the Company elects whether to measure the non-controlling interests in the acquiree at fair value or at the proportionate&#13;share of the acquiree&amp;#8217;s identifiable net assets. Acquisition-related costs are expensed as incurred and included in general and&#13;administrative expenses.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;When&#13;the Company acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation&#13;in accordance with the contractual terms, economic circumstances and pertinent conditions as of the acquisition date.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Goodwill&#13;is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling&#13;interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). If the fair value of the&#13;net assets acquired is in excess of the aggregate consideration transferred, the Company re-assesses whether it has correctly identified&#13;all of the assets acquired and all of the liabilities assumed and reviews the procedures used to measure the amounts to be recognized&#13;at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration&#13;transferred, then the gain is recognized in the consolidated statement of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;After&#13;initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill&#13;acquired in a business combination is, from the acquisition date, allocated to each of the Company&amp;#8217;s cash-generating units that&#13;are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquire are assigned to those&#13;units.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Where&#13;goodwill has been allocated to a cash-generating unit (CGU) and part of the operation within that unit is disposed of, the goodwill associated&#13;with the disposed operation is included in the carrying amount of the operation when determining the gain or loss on disposal. Goodwill&#13;disposed in these circumstances is measured based on the relative values of the disposed operation and the portion of the cash-generating&#13;unit retained.&lt;/font&gt;&lt;/p&gt;</afya:BusinessCombinationsAndGoodwillPolicyExplanatory>
    <afya:CurrentVersusNoncurrentClassificationPoliciesExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;b)&#13;Current versus non-current classification&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company presents assets and liabilities in the statement of financial position based on current/non current classification. An asset&#13;is current when it is:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected to be realized or intended to be sold or consumed&#13;    in the normal operating cycle;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Held primarily for the purpose of trading;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected to be realized within twelve months after&#13;    the reporting period; or&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash or cash equivalent unless restricted from being&#13;    exchanged or used to settle a liability for at least twelve months after the reporting period.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;All&#13;other assets are classified as non-current.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;A&#13;liability is current when:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;It is expected to be settled in the normal operating&#13;    cycle;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;It is held primarily for the purpose of trading;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;It is due to be settled within twelve months after&#13;    the reporting period; or&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;There is no unconditional right to defer the settlement&#13;    of the liability for at least twelve months after the reporting period.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company classifies all other liabilities as non-current.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Deferred&#13;tax assets and liabilities are classified as non-current assets and liabilities.&lt;/font&gt;&lt;/p&gt;</afya:CurrentVersusNoncurrentClassificationPoliciesExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;c)&#13;Fair value measurement&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company measures derivative financial instruments at fair value at each balance sheet date as disclosed in Note 12.3.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Fair&#13;value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants&#13;at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the&#13;liability takes place either: (i) in the principal market for the asset or liability; or (ii) in the absence of a principal market, in&#13;the most advantageous market for the asset or liability.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;principal or the most advantageous market must be accessible by the Company.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or&#13;liability, assuming that market participants act in their economic best interest.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;A&#13;fair value measurement of a non-financial asset takes into account a market participant's ability to generate economic benefits by using&#13;the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best&#13;use.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair&#13;value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;All&#13;assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value&#13;hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Level 1 &amp;#8212; Quoted (unadjusted) market prices in&#13;    active markets for identical assets or liabilities.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Level 2 &amp;#8212; Valuation techniques for which the&#13;    lowest level input that is significant to the fair value measurement is directly or indirectly observable.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Level 3 &amp;#8212; Valuation techniques for which the&#13;    lowest level input that is significant to the fair value measurement is unobservable.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;assets and liabilities that are recognized in the financial statements at fair value on a recurring basis, the Company determines whether&#13;transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant&#13;to the fair value measurement as a whole) at the end of each reporting period.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;At&#13;each reporting date, the Company analyzes the movements in the values of assets and liabilities which are required to be remeasured or&#13;re-assessed as per the Company&amp;#8217;s accounting policies. For this analysis, the Company verifies the major inputs applied in the latest&#13;valuation by agreeing the information in the valuation computation to contracts and other relevant documents.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company also compares the change in the fair value of each asset and liability with relevant external sources to determine whether the&#13;change is reasonable.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of the nature, characteristics&#13;and risks of the asset or liability and the level of the fair value hierarchy, as explained above.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory>
    <afya:FinancialInstrumentsInitialRecognitionAndMeasurementPolicyExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;d)&#13;Financial instruments &amp;#8211; initial recognition and measurement&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;A&#13;financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument&#13;of another entity.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-left: 14.2pt; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 14.15pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;i)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Financial assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Initial&#13;recognition and measurement&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;classification of financial assets at initial recognition depends on the financial asset&amp;#8217;s contractual cash flow characteristics&#13;and the Company&amp;#8217;s business model for managing them. With the exception of trade receivables that do not contain a significant financing&#13;component or for which the Company has applied the practical expedient, the Company initially measures a financial asset at its fair&#13;value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Trade receivables that do not&#13;contain a significant financing component or for which the Company has applied the practical expedient, are measured at the transaction&#13;price determined under IFRS 15.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In&#13;order for a financial asset to be classified and measured at amortized cost or fair value through OCI (Other Comprehensive Income), it&#13;needs to give rise to cash flows that are &amp;#8220;solely payments of principal and interest (SPPI)&amp;#8221; on the principal amount outstanding.&#13;This assessment is referred to as the SPPI test and is performed at an instrument level.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company&amp;#8217;s business model for managing financial assets refers to how it manages its financial assets in order to generate cash&#13;flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets,&#13;or both.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Purchases&#13;or sales of financial assets that require delivery of assets within a time frame established by regulation or convention in the market&#13;place (regular way trades) are recognized on the trade date, i.e., the date that the Company commits to purchase or sell the asset.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Subsequent&#13;measurement&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;purposes of subsequent measurement, financial assets are classified as: financial assets at amortized cost or financial assets at fair&#13;value through profit or loss. There is no financial assets designated as fair value through OCI.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Financial&#13;assets at amortized cost&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company measures financial assets at amortized cost if both of the following conditions are met:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8226;&#13;The financial asset is held within a business model with the objective to hold financial assets in order to collect contractual cash&#13;flows, and&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8226;&#13;The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest&#13;on the principal amount outstanding.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;assets at amortized cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and&#13;losses are recognized in the statement of income when the asset is derecognized, modified or impaired.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Financial&#13;assets at fair value through profit or loss&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition&#13;at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified&#13;as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated&#13;embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial&#13;assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit&#13;or loss, irrespective of the business model.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair&#13;value recognized in the statement of income. This category includes derivative instruments.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Derecognition&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;A&#13;financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized&#13;(i.e., removed from the Company&amp;#8217;s statement of financial position) when:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8226;&#13;The rights to receive cash flows from the asset have expired; or&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8226;&#13;The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows&#13;in full without material delay to a third party under a &amp;#8216;pass-through&amp;#8217; arrangement; and either (a) the Company has transferred&#13;substantially all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks&#13;and rewards of the asset, but has transferred control of the asset.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;When&#13;the Company has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates&#13;if, and to what extent, it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially&#13;all of the risks and rewards of the asset, nor transferred control of the asset, the Company continues to recognize the transferred asset&#13;to the extent of its continuing involvement. In that case, the Company also recognizes an associated liability. The transferred asset&#13;and the associated liability are measured on a basis that reflects the rights and obligations that the Company has retained.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Continuing&#13;involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of&#13;the asset and the maximum amount of consideration that the Company could be required to repay.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Impairment&#13;of financial assets&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Further&#13;disclosures relating to impairment of financial assets are also provided in the following notes:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8226;&#13;Significant accounting estimates and assumptions &amp;#8211; Note 3&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8226;&#13;Trade receivables &amp;#8211; Note 7&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company recognizes an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss.&#13;ECLs are based on the difference between the contractual cash flows due in accordance with the contract and the cash flows the Company&#13;expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash&#13;flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;trade receivables, the Company applies a simplified approach in calculating ECLs. Therefore, the Company does not track changes in credit&#13;risk, but instead recognizes an allowance for credit losses based on lifetime ECLs at each reporting date. The Company has established&#13;a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors&#13;and the economic environment.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company considers a financial asset to be in default when internal or external information indicates that the Company is unlikely to&#13;receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Company. A financial&#13;asset is written off when there is no reasonable expectation of recovering the contractual cash flows.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-left: 14.2pt; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 14.15pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;ii)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Financial liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Initial&#13;recognition and measurement&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings,&#13;payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;All&#13;financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable&#13;transaction costs.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company&amp;#8217;s financial liabilities include trade payables, loans and financing and accounts payable to selling shareholders.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Subsequent&#13;measurement&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;measurement of financial liabilities depends on their classification, as described below:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Financial&#13;liabilities at fair value through profit or loss&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated&#13;upon initial recognition as at fair value through profit or loss.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term. This category also&#13;includes derivative financial instruments entered into by the Company that are not designated as hedging instruments in hedge relationships&#13;as defined by IFRS 9. Gains or losses on liabilities held for trading are recognized in the statement of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;liabilities designated upon initial recognition at fair value through profit or loss are designated at the initial date of recognition,&#13;and only if the criteria in IFRS 9 are satisfied.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Loans&#13;and borrowings&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;After&#13;initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains and&#13;losses are recognized in the statement of income when the liabilities are derecognized as well as through the EIR amortization process.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Amortized&#13;cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR.&#13;The EIR amortization is included as finance expenses in the statement of income.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Derecognition&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;A&#13;financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an existing financial&#13;liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially&#13;modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability.&#13;The difference in the respective carrying amounts is recognized in the statement of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Offsetting&#13;of financial instruments&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;assets and financial liabilities are offset and the net amount is reported in the statement of financial position if there is a currently&#13;enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, to realize the assets and&#13;settle the liabilities simultaneously.&lt;/font&gt;&lt;/p&gt;</afya:FinancialInstrumentsInitialRecognitionAndMeasurementPolicyExplanatory>
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    <ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;f)&#13;Cash and cash equivalents&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash&#13;and cash equivalents in the statement of financial position comprise cash at banks and on hand, and short-term financial investments&#13;with an original maturity of three months or less, which are subject to an insignificant risk of changes in value.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term financial investments, as they are&#13;considered an integral part of the Company&amp;#8217;s cash management.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents>
    <ifrs-full:DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;g)&#13;Restricted cash&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Restricted&#13;cash in the statement of financial position comprise of financial investments in investment funds that serve as collateral for loan agreements&#13;and other commitments.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;h)&#13;Inventories&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Inventories&#13;are valued at the lower of cost and net realizable value. The costs of inventories are based on the average cost method and include costs&#13;incurred in the purchase of inventories and other costs incurred in bringing them to their current location and condition. Costs of purchased&#13;inventory are determined after deducting any discounts and recoverable taxes.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories>
    <ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;i)&#13;Property and equipment&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Property&#13;and equipment is stated at cost, net of accumulated depreciation and accumulated impairment losses, if any.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Subsequent&#13;expenditures are capitalized only if it is probable that the future economic benefits associated with the expenditure will flow to the&#13;Company.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Depreciation&#13;is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="width: 62%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Building&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 38%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;25&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Machinery&#13;    and equipment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Vehicles&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Furniture&#13;    and fixtures&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;IT&#13;    equipment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;5&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Library&#13;    books&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Laboratories&#13;    and clinics&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Leasehold&#13;    improvements&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;An&#13;item of property and equipment and any significant part initially recognized is derecognized upon disposal or when no future economic&#13;benefit is expected from its use or disposal. Any gain or loss arising on the derecognition of the asset (calculated as the difference&#13;between the net disposal proceeds and the carrying amount of the asset) is included in the statement of income when the asset is derecognized.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;residual values, useful lives and methods of depreciation of property and equipment are reviewed at each financial year end and adjusted&#13;prospectively, if appropriate.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;j)&#13;Leases&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Prior&#13;to the adoption of IFRS 16, the determination of whether an arrangement is (or contains) a lease was based on the substance of the arrangement&#13;at the inception of the lease. The arrangement is, or contains, a lease if fulfilment of the arrangement is dependent on the use of a&#13;specific asset (or assets) and the arrangement conveys a right to use the asset (or assets), even if that asset is (or those assets are)&#13;not explicitly specified in an arrangement.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;A&#13;lease was classified at the inception date as a finance lease or an operating lease. A lease that transfers substantially all the risks&#13;and rewards incidental to ownership to the Company was classified as a finance lease.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;An&#13;operating lease is a lease other than a finance lease. The Company did not have leases classified as finance lease. Operating lease payments&#13;were recognized as an operating expense in the statement of income on a straight-line basis over the lease term.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;from January 1, 2019, the determination of whether an arrangement is (or contains) a lease is based on the substance of the arrangement&#13;at the inception of the contract. The arrangement is, or contains, a lease if fulfilment of the arrangement is dependent on the use of&#13;a specific asset (or assets) and the arrangement conveys a right to use the asset (or assets), even if that asset is (or those assets&#13;are) not explicitly specified in an arrangement.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Company&#13;as a lessee&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets.&#13;The Company recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying&#13;assets.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Right-of-use&#13;assets&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use).&#13;Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement&#13;of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred,&#13;and lease payments made at or before the commencement date less any lease incentives received. Unless the Company is reasonably certain&#13;to obtain ownership of the leased asset at the end of the lease term, the recognized right-of-use assets are depreciated on a straight-line&#13;basis over the shorter of its estimated useful life and the lease term. Right-of use assets are subject to impairment.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Lease&#13;liabilities&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;At&#13;the commencement date of the lease, the Company recognizes lease liabilities measured at the present value of lease payments to be made&#13;over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable,&#13;variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease&#13;payments also include the exercise price of a purchase option reasonably certain to be exercised by the Company and payments of penalties&#13;for terminating a lease, if the lease term reflects the Company exercising the option to terminate. The variable lease payments that&#13;do not depend on an index or a rate are recognized as expense in the period on which the event or condition that triggers the payment&#13;occurs.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In&#13;calculating the present value of lease payments, the Company uses the incremental borrowing rate at the lease commencement date if the&#13;interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased&#13;to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is&#13;remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the&#13;assessment to purchase the underlying asset.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Short-term&#13;leases and leases of low-value assets&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company applies the short-term lease recognition exemption to its short-term leases of properties (i.e., those leases that have a lease&#13;term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets&#13;recognition exemption to leases that are considered of low value. Lease payments on short-term leases and leases of low-value assets&#13;are recognized as expense on a straight-line basis over the lease term.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;k)&#13;Intangible assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Intangible&#13;assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination&#13;is their fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated&#13;amortization and accumulated impairment losses. Internally generated intangibles are not capitalized and the related expenditure is reflected&#13;in the statement of income in the period in which the expenditure is incurred.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;useful lives of intangible assets are assessed as finite or indefinite.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Intangible&#13;assets with finite lives are amortized over the useful economic life and assessed for impairment whenever there is an indication that&#13;the intangible asset may be impaired.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at the end of&#13;each reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied&#13;in the asset are considered to modify the amortization period or method, as appropriate, and are treated as changes in accounting estimates.&#13;The amortization expense on intangible assets with finite lives is recognized in the statement of income in the expense category that&#13;is consistent with the function of the intangible assets.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Intangible&#13;assets with indefinite useful lives are not amortized, but are tested for impairment annually, either individually or at the cash-generating&#13;unit level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable.&#13;If not, the change in useful life from indefinite to finite is made on a prospective basis.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;An&#13;intangible asset is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or&#13;loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount&#13;of the asset) is included in the statement of income.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory>
    <afya:PolicyExplanatoryInvestments contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;m)&#13;Investments&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Investments&#13;in associates are initially recognized at consideration transferred and adjusted thereafter for the equity method, being increased or&#13;reduced from its interest in the investee's income after the acquisition date. An associate is an entity over which the Company has significant&#13;influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee, but is&#13;not control or joint control over those policies.&lt;/font&gt;&lt;/p&gt;</afya:PolicyExplanatoryInvestments>
    <afya:AccountsPayableToSellingShareholdersPolicyExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;n)&#13;Accounts payable to selling shareholders&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;These&#13;amounts represent liabilities related to the acquisitions made by the Company which are not yet due. Accounts payable to selling shareholders&#13;are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognized initially&#13;at their fair value and subsequently measured at amortized cost using the effective interest method.&lt;/font&gt;&lt;/p&gt;</afya:AccountsPayableToSellingShareholdersPolicyExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;o)&#13;Provisions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Provisions&#13;are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an&#13;outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the&#13;amount of the obligation. The expense relating to a provision is presented in the statement of income, net of any reimbursement, when&#13;applicable.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory>
    <afya:DividendsPayablePolicyExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;p)&#13;Dividends payable&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company recognizes a liability to pay a dividend when the distribution is authorized and the distribution is no longer at the discretion&#13;of the Company. The distribution is authorized when it is required to pay a minimum dividend of the net income for the year in accordance&#13;with the Brazilian Corporate Law (applicable for Afya Brazil) and the Company&amp;#8217;s By-Laws or is approved by the shareholders. A corresponding&#13;amount is recognized directly in equity.&lt;/font&gt;&lt;/p&gt;</afya:DividendsPayablePolicyExplanatory>
    <afya:LaborAndSocialObligationsPolicyExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;q)&#13;Labor and social obligations&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Labor&#13;and social obligations are expensed as the related service is provided. A liability is recognized for the amount expected to be paid&#13;if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee&#13;and the obligation can be estimated reliably.&lt;/font&gt;&lt;/p&gt;</afya:LaborAndSocialObligationsPolicyExplanatory>
    <afya:SharebasedPaymentsPolicyExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;r)&#13;Share-based payments&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Certain&#13;key executives of the Company receive remuneration in the form of share-based payments, whereby the executives render services as consideration&#13;for equity instruments (equity-settled transactions).&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;expense of equity-settled transactions is determined by the fair value at the date when the grant is made using an appropriate valuation&#13;model.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;That&#13;expense is recognized in general and administrative expenses, together with a corresponding increase in equity, over the period in which&#13;the service and, where applicable, the performance conditions are fulfilled (the vesting period). The cumulative expense recognized for&#13;equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired&#13;and the Company&amp;#8217;s best estimate of the number of equity instruments that will ultimately vest. The expense or credit in the statement&#13;of income for a period represents the movement in cumulative expense recognized as at the beginning and end of that period.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Service&#13;and non-market performance conditions are not taken into account when determining the grant date fair value of awards, but the likelihood&#13;of the conditions being met is assessed as part of the Company&amp;#8217;s best estimate of the number of equity instruments that will ultimately&#13;vest. Market performance conditions are reflected within the grant date fair value. Any other conditions attached to an award, but without&#13;an associated service requirement, are considered to be non-vesting conditions. Non-vesting conditions are reflected in the fair value&#13;of an award and lead to an immediate expensing of an award unless there are also service and/or performance conditions.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;No&#13;expense is recognized for awards that do not ultimately vest because non-market performance and/or service conditions have not been met.&#13;Where awards include a market or non-vesting condition, the transactions are treated as vested irrespective of whether the market or&#13;non-vesting condition is satisfied, provided that all other performance and/or service conditions are satisfied.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;When&#13;the terms of an equity-settled award are modified, the minimum expense recognized is the grant date fair value of the unmodified award,&#13;provided the original vesting terms of the award are met. An additional expense, measured as at the date of modification, is recognized&#13;for any modification that increases the total fair value of the share-based payment transaction, or is otherwise beneficial to the employee.&#13;Where an award is cancelled by the entity or by the counterparty, any remaining element of the fair value of the award is expensed immediately&#13;through the statement of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share.&lt;/font&gt;&lt;/p&gt;</afya:SharebasedPaymentsPolicyExplanatory>
    <ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;s)&#13;Revenue from contracts with customers&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Tuition&#13;fees and other revenue&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company's revenue consists primarily of tuition fees charged for medical courses and other courses. The Company also generates revenue&#13;from tuition fees for other undergraduate courses, student fees, certain education-related activities and digital education content.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Revenues&#13;are recognized when services are rendered to the customer and the performance obligation is satisfied.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Revenue&#13;from tuitions, digital education content and mobile app subscription for digital medical content are recognized over time when services&#13;are rendered to the customer and the Company satisfies its performance obligation under the contract at an amount that reflects the consideration&#13;to which the Company expects to be entitled in exchange for those services. Revenues from tuitions are recognized net of scholarships&#13;and other discounts, refunds and taxes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&#13;revenues are recognized at a point in time when the service is rendered to the customer at an amount that reflects the consideration&#13;to which the Company expects to be entitled in exchange for the service. Other revenues are presented net of the corresponding discounts,&#13;returns and taxes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Printed&#13;books and e-books revenue are transferred at point in time&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Revenue&#13;from sale of printed books and e-books are recognized at the point in time when control of the asset or services is transferred to the&#13;customer, generally on delivery of the goods at the customer&amp;#8217;s location and permission to access the digital content. The Company&#13;considers whether there are other promises in the contract that are separate performance obligations to which a portion of the transaction&#13;price needs to be allocated. In determining the transaction price for the printed books and e-books, the Company considers the effects&#13;of variable consideration, financing component, noncash consideration, and consideration payable to the customer to be not significant.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company has concluded that it is the principal in its revenue arrangements.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company assesses collectability on a portfolio basis prior to recording revenue. Generally, students cannot re-enroll for the next academic&#13;session without satisfactory resolution of any past-due amounts. If a student withdraws from an institution, the Company's obligation&#13;to issue a refund depends on the refund policy at that institution and the timing of the student's withdrawal. Generally, the refund&#13;obligations are reduced over the course of the academic term.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Trade&#13;receivables &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Trade&#13;receivables represent the Company&amp;#8217;s right to an amount of consideration that is unconditional (i.e., only the passage of time is&#13;required before payment of the consideration is due). Refer to accounting policies of financial assets in Financial instruments &amp;#8211;&#13;initial recognition and subsequent measurement.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Advances&#13;from customers&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Advances&#13;from customers (a contract liability) are the obligation to transfer services to a customer for which the Company has received consideration&#13;(or an amount of consideration is due) from the customer, as a result of pre-paid tuition, digital education content and mobile app subscription&#13;for digital medical content received from customers and is recognized separately in current liabilities, when the payment is received.&#13;Advances from customers are recognized as revenue when the Company performs all obligations related to the contract, generally in the&#13;following month.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory>
    <afya:TaxesPolicyExplanation contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;t)&#13;Taxes&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company&amp;#8217;s subsidiaries joined the PROUNI (&lt;i&gt;Programa Universidade para Todos &amp;#8211; &lt;/i&gt;University for All Program) program,&#13;which is a federal program that exempts post-secondary institutions of some federal taxes in exchange for providing a certain number&#13;of student enrollment for low income students, and benefits from the exemption of the following federal taxes:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Income&#13;taxes and social contribution&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;PIS&#13;and COFINS&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;regulation of PROUNI defines that the revenue from traditional and technological graduation activities is exempt from PIS and COFINS.&#13;For income from other teaching activities, PIS and COFINS are charged at rates of 0.65% and 3.00%, respectively, and for non-teaching&#13;activities, PIS is charged at a rate of 1.65% and to COFINS at 7.6%.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Current&#13;income taxes&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&#13;income taxes were calculated based on the criteria established by the Normative Instruction of the Brazilian Internal Revenue Service,&#13;specifically regarding the PROUNI program, which allows exemption of these taxes from traditional and technological graduation activities.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&#13;income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax&#13;rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Management&#13;periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject&#13;to interpretation and establishes provisions where appropriate.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2.4&#13;Changes in accounting policies and disclosures&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;New&#13;standards, interpretations and amendments adopted by the Company&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Amendments&#13;to IFRS 16 Covid-19 Related Rent Concessions&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;May 28, 2020, the IASB issued Covid-19-Related Rent Concessions - amendment to IFRS 16 Leases. The amendments provide relief to lessees&#13;from applying IFRS 16 guidance on lease modification accounting for rent concessions arising as a direct consequence of the Covid-19&#13;pandemic. As a practical expedient, a lessee may elect not to assess whether a Covid-19 related rent concession from a lessor is a lease&#13;modification. A lessee that makes this election accounts for any change in lease payments resulting from the Covid-19 related rent concession&#13;the same way it would account for the change under IFRS 16, if the change were not a lease modification.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;other new amendments and interpretations were applied for the first time in 2020, but did not have a significant impact on the consolidated&#13;financial statements of the Company.&lt;/font&gt;&lt;/p&gt;</afya:TaxesPolicyExplanation>
    <afya:ScheduleOfEstimatedUsefulLives contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Depreciation&#13;is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="width: 62%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Building&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 38%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;25&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Machinery&#13;    and equipment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Vehicles&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Furniture&#13;    and fixtures&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;IT&#13;    equipment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;5&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Library&#13;    books&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Laboratories&#13;    and clinics&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Leasehold&#13;    improvements&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfEstimatedUsefulLives>
    <afya:ScheduleOfAssetsAndLiabilitiesInformationForCompanysOperatingSegmentsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;following table presents assets and liabilities information for the Company's operating segments as of December 31, 2020:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 29%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business&#13;    Unit 1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business&#13;    Unit 2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    reportable segments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Elimination&#13;    (inter-segment transactions) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of December 31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Total&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4,541,988&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;251,220&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4,793,208&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(115)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;4,793,093&#13;    &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,280,342&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;125,274&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,405,616&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(115)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,405,501&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Non-current&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,261,646&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;125,946&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,387,592&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;3,387,592&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    liabilities and equity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4,541,988&#13;    &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;251,220&#13;    &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4,793,208&#13;    &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;(115)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;4,793,093&#13;    &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;522,522&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;66,972&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;589,494&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;(115)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;589,379&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Non-current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,261,894&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;108,040&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,369,934&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;-&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,369,934&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Equity&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,757,572&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;76,208&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,833,780&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;-&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,833,780&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 31%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business&#13;    Unit 1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 11%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business&#13;    Unit 2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    reportable segments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Elimination&#13;    (inter-segment transactions)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of December 31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Other&#13;    disclosures&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Investments&#13;    in associate&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;51,410&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;51,410&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;51,410&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Capital&#13;    expenditures (*)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;82,916&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;26,565&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;109,481&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;109,481&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;(*)&#13;Capital expenditures consider the acquisitions of property and equipment and intangible assets.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;following table presents assets and liabilities information for the Company's operating segments as of December 31, 2019:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 32%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 11%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business&#13;    Unit 1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 11%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business&#13;    Unit 2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 15%; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    reportable segments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Elimination&#13;    (inter-segment transactions)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 15%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of December 31, 2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,714,161&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;199,285&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,913,446&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(993)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,912,453&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Current&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,026,857&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;85,901&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,112,758&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(993)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,111,765&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Non-current&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,687,304&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;113,384&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,800,688&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,800,688&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    liabilities and equity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,714,161&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;199,285&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;b&gt;2,913,446&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(993)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;b&gt;2,912,453&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;312,303&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;21,919&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;334,222&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(993)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;333,229&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Non-current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;360,005&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;105,493&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;465,498&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;465,498&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Equity&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,041,853&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;71,873&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,113,726&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,113,726&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 35%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unit&#13;    1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 10%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unit&#13;    2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 18%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    reportable segments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Elimination&#13;    (inter-segment transactions)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 8%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of December 31, 2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Other&#13;    disclosures&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Investments&#13;    in associate&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;45,634&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;45,634&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;45,634&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Capital&#13;    expenditures (*)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;167,427&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;8,282&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;175,709&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;175,709&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;(*)&#13;Capital expenditures consider the acquisitions of property and equipment and intangible assets, including the acquisition of IPEC licenses&#13;in the amount of R$ 108,000 (R$ 54,000 paid and included in the acquisition of intangible assets in the cash flows used in investing&#13;activities) as described in Note&amp;#160;11.&lt;/font&gt;&lt;/p&gt;</afya:ScheduleOfAssetsAndLiabilitiesInformationForCompanysOperatingSegmentsExplanatory>
    <ifrs-full:DisclosureOfOperatingSegmentsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;The following table presents statements of income for the Company's&#13;operating segments for the year ended December 31, 2020:&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 29%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Business Unit 1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Business Unit 2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Total reportable segments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Elimination (inter-segment transactions)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;External costumer&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,002,461&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;198,730&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,201,191&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;-&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,201,191 &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Inter-segment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,619&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,619&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(1,619)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Net revenue&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;1,002,461&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;200,349&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;1,202,810&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;(1,619)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;1,201,191&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Cost of services&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(381,964)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(54,309)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(436,273)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,619&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(434,654)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Gross profit&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;620,497&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;146,040&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;766,537&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;766,537&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;General and administrative expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(402,855)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Other expenses, net&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(347)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Operating profit&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;363,335&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Finance income&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;62,290&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Finance expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(98,269)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Share of income of associate&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;7,698&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Income before income taxes&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;335,054&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Income taxes expense&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(27,067)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Net income&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;307,987&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;The following table presents statements of income for the Company's operating segments&#13;for the year ended December 31, 2019:&lt;/p&gt;&#13;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 40%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unit&#13;    1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unit&#13;    2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 11%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    reportable segments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Adjustments&#13;    and eliminations *&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;External&#13;    costumer&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;653,760&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;96,870&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;750,630&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;750,630&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Inter-segment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,880&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,880&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,880)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Net&#13;    revenue&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;653,760&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;100,750&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;754,510&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(3,880)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;750,630&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cost&#13;    of services&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(279,066)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(33,667)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(312,733)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,880&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(308,853)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Gross&#13;    profit&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;374,694&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;67,083&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;441,777&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;441,777&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;General&#13;    and administrative expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(239,120)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&#13;    income, net&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,594&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Operating&#13;    profit&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;205,251&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Finance&#13;    income&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;51,689&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Finance&#13;    expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(72,365)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Share&#13;    of income of associate&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,362&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Income&#13;    before income taxes&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;186,937&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Income&#13;    taxes expense&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(14,175)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Net&#13;    income&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;172,762&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif; background-color: white"&gt;(*)&#13;These eliminations are related to sale transactions from Medcel to other entities in Business Unit 1.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfOperatingSegmentsExplanatory>
    <afya:ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilitiesAcquiredtableTextBlock contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt/10.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;preliminary fair values of the identifiable assets acquired and liabilities assumed as of each acquisition date were:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/10.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 42%; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 13%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;UniRedentor*&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 8%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;UniSL**&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 11%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;PEBMED&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 8%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;FESAR&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 8%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;FCMPB&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;MedPhone&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash&#13;    and cash and equivalents&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;11,796&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,245&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,119&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,236&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;60&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Trade&#13;    receivables &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,800&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;21,567&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;7,984&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;8,148&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Inventories&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;467&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Recoverable&#13;    taxes&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;822&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,486&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;7,251&lt;/font&gt;&lt;/td&gt;&#13; 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vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(190,534)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(6,471)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;*During&#13;the measurement period, the preliminary goodwill for the acquisition of UniRedentor was adjusted to R$77,662 (R$90,282 initial goodwill)&#13;as a result of an increase of intangible assets from R$134,281 to R$142,399 and a purchase price consideration adjustment of R$ 4,503.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;**During&#13;the measurement period, the preliminary goodwill for the acquisition of UniSL was adjusted to R$4,422 (R$53,192 previously disclosed)&#13;as a result of (i) a purchase consideration decrease of R$7,816 and (ii) adjustments increasing intangible assets of R$ 40,961 and a&#13;decrease in property and equipment of R$7.&lt;/font&gt;&lt;/p&gt;</afya:ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilitiesAcquiredtableTextBlock>
    <afya:ScheduleOfAcquisitionOfUniredentorTableTextBlock contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt; border-image: none"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Licenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;With-and-without&#13;                                            method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two&#13;    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earnings method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfAcquisitionOfUniredentorTableTextBlock>
    <afya:ScheduleOfAcquisitionOfUnislTableTextBlock contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Licenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;With-and-without&#13;                                            method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two&#13;    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earnings method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfAcquisitionOfUnislTableTextBlock>
    <afya:ScheduleOfAcquisitionOfPebmedTableTextBlock contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Trademark&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Relief&#13;                                            from royalty&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by&#13;    the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the&#13;    appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earnings method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Developed&#13;    technology intangible assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Replacement&#13;                                            cost &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;    methodology is based on the estimated cost of replacing the referred asset with a new one (acquisition or reconstruction), adjusted&#13;    to reflect the losses in value resulting from the physical deterioration and the functional and economic obsolescence of that asset.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfAcquisitionOfPebmedTableTextBlock>
    <afya:ScheduleOfAcquisitionOfFesarTableTextBlock contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Licenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;With-and-without&#13;                                            method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two&#13;    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earnings method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfAcquisitionOfFesarTableTextBlock>
    <afya:ScheduleOfAcquisitionOfMedphoneTableTextBlock contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Trademark&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Relief&#13;                                            from royalty&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by&#13;    the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the&#13;    appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earnings method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Developed&#13;    technology intangible assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Replacement&#13;                                            cost &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;    methodology is based on the estimated cost of replacing the referred asset with a new one (acquisition or reconstruction), adjusted&#13;    to reflect the losses in value resulting from the physical deterioration and the functional and economic obsolescence of that asset.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfAcquisitionOfMedphoneTableTextBlock>
    <afya:ScheduleOfAcquisitionOfFcmpbTableTextBlock contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Licenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;With-and-without&#13;                                            method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two&#13;    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earnings method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfAcquisitionOfFcmpbTableTextBlock>
    <afya:ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilities contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; width: 52%; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Guardaya&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; width: 18%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;FASA*&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;IPEMED**&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Cash&#13;    and cash and equivalents&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;1,548&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;3,834&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;307&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Restrict&#13;    cash&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;5,561&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Trade&#13;    receivables&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;44,277&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;1,832&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;8,965&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Inventories&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;2,581&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Recoverable&#13;    taxes&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;280&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Other&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;489&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;458&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;3,266&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Right-of-use&#13;    assets &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;4,556&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;47,789&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;8,800&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Property&#13;    and equipment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;1,594&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;22,946&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;3,676&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Investment&#13;    in associate&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;24,458&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Intangible&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;59,977&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;171,511&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;33,039&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; 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vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Payable&#13;    in installments&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;99,235&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;45,303&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Analysis&#13;                                            of cash flows on acquisition:&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 7.1pt; padding-right: 5.4pt; text-indent: -7.1pt"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Transaction&#13;    costs (included in cash flows from operating activities) &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(482)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(1,887)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(180)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; 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text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(51,932)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 7.1pt; padding-right: 5.4pt; text-indent: -7.1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Net&#13;    of cash flow on acquisition&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,066&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(100,383)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(52,112)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;*During&#13;the measurement period, the purchase consideration for the acquisition of FASA was adjusted by R$3,022 as a result of purchase price&#13;adjustments. Accordingly, goodwill was updated to R$58,903.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;**&#13;During the measurement period of the assets acquired and liabilities assumed at the fair value, the Company has identified R$1,320 of&#13;indemnification assets, related to the acquisition of IPEMED.&lt;/font&gt;&lt;/p&gt;</afya:ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilities>
    <afya:AcquisitionOfGuardayaExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; background-color: white; font-size-adjust: none; font-stretch: normal; border-image: none; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="border: black 1pt solid; white-space: nowrap; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; text-align: center; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Trademark&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; vertical-align: bottom; border-image: none"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Relief-from-royalty&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by&#13;    the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the&#13;    appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-bottom: 5pt; padding-top: 12pt; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; vertical-align: bottom; border-image: none"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earning method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-bottom: 5pt; padding-top: 12pt; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Educational&#13;    content&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; vertical-align: bottom; border-image: none"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Replacement&#13;                                            cost&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;    methodology is based on the estimate of the cost of replacing the asset with a new one (acquisition or reconstruction), adjusted&#13;    to reflect the losses of value resulting from the physical deterioration and the economic functional obsolescence of the asset.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:AcquisitionOfGuardayaExplanatory>
    <afya:DisclosureOfDetailedInformationAboutCashAndCashEquivalentsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&lt;tr style="vertical-align: top"&gt;&lt;td style="width: 68%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 2%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: -5.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash&#13;    and bank deposits&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;57,729&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,092&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash&#13;    equivalents (a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;987,313&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;930,117&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,045,042&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;943,209&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:DisclosureOfDetailedInformationAboutCashAndCashEquivalentsExplanatory>
    <afya:DisclosureOfTradeAndOtherReceivables1Explanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="width: 71%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 16%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 13%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Tuition&#13;    fees&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;195,318&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;80,156&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Educational&#13;    content (a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;62,931&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;37,154&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;FIES&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;49,425&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;17,789&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Educational&#13;    credits&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;11,248&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;9,899&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Mobile&#13;    app subscription (b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;13,526&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Others&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;10,476&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;5,005&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;342,924&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;150,003&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;(-)&#13;    Allowance for doubtful accounts&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;(32,980)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;(14,763)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;309,944&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;135,240&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;302,317&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;125,439&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Non-current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;7,627&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;9,801&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(a)&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Related&#13;to trade receivables from sales of printed books, e-books and medical courses through digital platform from Medcel.&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(b)&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Related&#13;to trade receivables from mobile applications subscriptions for digital medical content.&lt;/font&gt;&lt;/p&gt;</afya:DisclosureOfTradeAndOtherReceivables1Explanatory>
    <afya:DisclosureOfTradeAccountsReceivableByAgingExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;of December 31, 2020 and 2019, the aging of trade receivables was as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 67%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 18%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Neither&#13;    past due nor impaired&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;145,076&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;71,095&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Past&#13;    due&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 7.1pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;1&#13;    to 30 days&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;44,365&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;15,042&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 7.1pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;31&#13;    to 90 days&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;57,198&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;27,221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 7.1pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;91&#13;    to 180 days&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;51,521&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;20,543&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 7.1pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;More&#13;    than 180 days&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;44,764&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;16,102&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;342,924&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;150,003&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:DisclosureOfTradeAccountsReceivableByAgingExplanatory>
    <afya:AllowanceForDoubtfulAccountsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;changes in the allowance for doubtful accounts for the years ended December 31, 2020, 2019 and 2018, was as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="width: 65%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Balance&#13;    at the beginning of the year&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(14,763)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(7,537)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(3,794)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Additions&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(32,081)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(15,040)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(7,714)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Write-offs&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;13,864&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;7,814&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;3,971&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance&#13;    at the end of the year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(32,980)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(14,763)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(7,537)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:AllowanceForDoubtfulAccountsExplanatory>
    <afya:ScheduleOfRelatedPartiesExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;table below summarizes the balances and transactions with related parties:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Trade&#13;    receivables (a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;174&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;557&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Related&#13;    parties (b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;421&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;595&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;557&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;174&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;557&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Non-current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;421&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Other&#13;    income&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; 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margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 9pt; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(c)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Refers to share services and corporate expenses provided&#13;    by Afya Brazil to IPTAN and IESVAP for the periods prior to their acquisition on April 26, 2018 recorded in the consolidated statements&#13;    of income.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfRelatedPartiesExplanatory>
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padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;33,618&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;18,840&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4,842&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:SummaryOfKeyManagementPersonnelCompensationTableTextBlock>
    <afya:ScheduleOfInvestments contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The following table illustrates&#13;the summarized financial information of the Company&amp;#8217;s investment in UEPC:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 69%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 15%; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;December&#13;    31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 15%; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;December&#13;    31, 2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;55,413&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;26,762&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Non-current&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;82,575&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;77,031&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(34,531)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(29,328)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Non-current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(76,132)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(66,294)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Equity&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;27,325&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 2.25pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;8,171&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Company&amp;#8217;s&#13;    share in equity &amp;#8211; 30%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;8,227&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,451&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Goodwill&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;43,183&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;43,183&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Carrying&#13;    amount of the investment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;51,410&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2.25pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;45,634&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net&#13;    revenue&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;113,965&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;85,816&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cost&#13;    of services&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(55,926)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(39,459)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;General&#13;    and administrative expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(27,341)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(29,476)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13; 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white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Opening&#13;    balance&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;45,634&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Acquisition&#13; 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    <ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&lt;tr&gt;&lt;td style="width: 30%; vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Cost&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 6%; vertical-align: top; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Building&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 6%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Machinery&#13; 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margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(i)&#13;The amount of R$4,030 added to goodwill relates to adjustments during the measurement period of the business combination of IESP in respect&#13;to amounts to be included as part of the purchase price allocation at acquisition date mainly related to impairment of receivables.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: italic 8pt/9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: italic 8pt/9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(ii)&#13;On August 13, 2019, Afya Brazil entered into a purchase agreement with the shareholders of IPEC for the acquisition of 100% of IPEC.&#13;IPEC was a non-operational postsecondary education institution with governmental authorization to offer on-campus post-secondary undergraduate&#13;courses in medicine in the State of Par&amp;#225;, that commenced its operation in September 2019. Prior to the acquisition date, IPEC has&#13;no significant assets and liabilities. The purchase price of R$ 108,000 is comprised of: i) R$ 54,000 paid in cash on the acquisition&#13;date; ii) R$ 54,000 is payable in two equal instalments of R$ 27,000 payable annually from August 13, 2020 to August 13, 2021, and adjusted&#13;by the CDI rate. The instalment due in August 2020 was  paid in the total amount of R$28,104.&lt;/font&gt;&lt;/p&gt;</afya:SummaryOfIntangibleAssetsTableTextBlock>
    <afya:SummaryOfAssumptionsForIntangibleAssetImpairmentTestTableTextBlock contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;carrying amounts of goodwill and licenses with indefinite useful life by CGU and their value in use and the discount rates used for the&#13;impairment assessment as of December 31, 2020 and 2019 was:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="11" style="border-bottom: black 1pt solid; font-size: 9pt; padding-bottom: 9pt; text-align: center; padding-left: 10.9pt; padding-right: 3.5pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Carrying&#13;    amount&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;CGU&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Goodwill&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Licenses&#13;    with indefinite useful life&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;CGU&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 30%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;235,018&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;380,682&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Medphone&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,843&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;6,477&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;*CBBW&#13;as merged by Medcel on May 1, 2020.&lt;/font&gt;&lt;/p&gt;</afya:SummaryOfAssumptionsForIntangibleAssetImpairmentTestTableTextBlock>
    <afya:SummaryOfEstimatedUsefulLivesOfIntangibleAssetsTableTextBlock contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;estimated useful lives of intangible assets are as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 80%; padding-left: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Customer relationships&#13;    &amp;#8211; medicine&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;6&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Customer relationships&#13;    &amp;#8211; other courses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4.5&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Software&#13;    license&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;5&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Education&#13;    content&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Trademarks&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;19&#13;    - 20 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Developed&#13;    technology&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;5&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:SummaryOfEstimatedUsefulLivesOfIntangibleAssetsTableTextBlock>
    <afya:FinancialAssetsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12.1&#13;Financial assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="width: 71%; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Financial&#13;    assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 12%; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;At&#13;    amortized cost&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Cash&#13;    and cash equivalents&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;1,045,042&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&amp;#160;943,209&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Restricted&#13;    cash&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;2,053&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;16,841&#13;    &amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Trade&#13;    receivables&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;309,944&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;135,240&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;1,357,039&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;1,095,290&#13;    &amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;1,347,359&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&amp;#160;1,083,436&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Non-current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;9,680&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&amp;#160;11,854&#13;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:FinancialAssetsExplanatory>
    <afya:FinancialLiabilitiesExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12.2&#13;Financial liabilities&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="width: 70%; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;Financial&#13;    liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;At&#13;    amortized cost&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;Trade&#13;    payables&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;35,743&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;17,628&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;Loans&#13;    and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;617,485&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;60,357&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;Lease&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;447,703&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;284,515&#13;    &amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;Accounts&#13;    payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;518,240&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;300,237&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;Notes&#13;    payable&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;76,181&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Advances&#13;    from customers&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;63,839&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;36,860&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,759,191&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;699,597&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;467,643&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;262,671&#13;    &amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Non-current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,291,548&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;436,926&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;Derivatives&#13;    not designated as hedging instruments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Cross-currency&#13;    interest rate swaps&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;757&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;757&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;757&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Non-current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:FinancialLiabilitiesExplanatory>
    <afya:LoansAndFinancingExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12.2.1&#13;Loans and financing&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 14pt; width: 31%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Financial&#13;    institution&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 14pt; width: 13%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Currency&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 14pt; width: 20%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Interest&#13;    rate&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 14pt; width: 11%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; width: 2%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 14pt; width: 11%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; width: 1%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 14pt; width: 11%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Ita&amp;#250;&#13;    Unibanco S.A. (e)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Euro&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;1.01%&#13;    p.y.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;2020&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;52,959&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Ita&amp;#250;&#13;    Unibanco S.A.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Brazilian&#13;    real&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;1.22%&#13;    a 1.26% p.m.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;2020&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 2pt"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;648&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;FINEP&#13;    (d)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Brazilian&#13;    real&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;TJLP&#13;    p.y.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;2027&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;10,864&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;6,750&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;BNDES&#13;    (c)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Brazilian&#13;    real&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;10.03%&#13;    p.y.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;2024&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;471&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Banco&#13;    Votorantim (b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Brazilian&#13;    real&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;CDI&#13;    + 1.65% p.y.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;2021&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;101,785&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Ita&amp;#250;&#13;    Unibanco S.A. (a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Brazilian&#13;    real&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;CDI&#13;    + 1.62% p.y.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;2023&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;617,485&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;60,357&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;107,162&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;53,607&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; 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   &lt;td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;510,323&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;6,750&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On October 1, 2020, Afya Brazil entered into a loan&#13;    with Banco Ita&amp;#250; Unibanco S.A. in the amount of R$ 500,000 &lt;font style="background-color: white"&gt;adjusted by the CDI rate plus&#13;    &lt;/font&gt;an interest rate of 1.62% per year and is repayable in three installments in October 2022, April 2023 and October 2023.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On July 3, 2020, Afya Brazil entered into a loan agreement&#13;    with Banco Votorantim S.A. in the amount of R$ 100,000 adjusted by the CDI rate plus an interest rate of 1.65% per year and is repayable&#13;    at maturity on July 5, 2021.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(c)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On May 5, 2020, as a result of the acquisition of UniSL,&#13;    the Company assumed loans agreements BNDES which has an interest rate of 10.03% per year and maturity in 2024.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(d)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On July 23, 2019, Medcel entered into a loan of R$&#13;    16,153 with Financiadora de Estudos e Projetos (&amp;#8220;FINEP&amp;#8221;), a governmental agency focused on financing investments on R&amp;#38;D,&#13;    which has an interest rate based on TJLP (Long term interest rate), 2019 and maturity in 2027. The first and second tranches of R$6,734&#13;    and R$4,130, respectively, were drawdown in October 2019 and December 2020, respectively, in order to develop the Medical web series&#13;    and other digital content. There is no financial covenant related to this agreement. The loan is guaranteed by bank warranty in the&#13;    amount of R$ 10,864.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(e)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On November 16, 2018, Afya Brazil entered into a euro-denominated&#13;    loan agreement with Ita&amp;#250; Unibanco S.A. in the amount of R$ 74,980 (equivalent to &amp;#8364;17,500). The loan accrues interest at&#13;    1.01% per annum and is repayable in three equal installments on November 18, 2019, May 18, 2020 and November 12, 2020. The loan agreement&#13;    contains a financial covenant requiring Afya Brazil to maintain a Net Debt to EBITDA ratio less or equal to: 2.2x at end of 2018&#13;    and 2019 and 1.8x at the end of 2020. The loan was guaranteed by financial investments, classified as restricted cash, in the amount&#13;    of R$14,788 as of December 31, 2019. This loan was repaid on November 12, 2020.&lt;br /&gt;&lt;br /&gt;On November 21, 2018, Afya Brazil entered&#13;    into cross-currency interest rate swaps in order to mitigate the foreign exchange exposure related to a loan denominated in Euros.&#13;    The swap agreements are comprised of derivative assets to swap the foreign exchange exposure (Euros to Brazilian real) and derivative&#13;    liabilities for the interest rate swap (1.01% p.y. to 128% of CDI). The swap agreements have three maturities on November 18, 2019,&#13;    May 18, 2020 and November 12, 2020.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:LoansAndFinancingExplanatory>
    <afya:SummarizesNotionalAndFairValueAmountsOfSwapAgreementsAs contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Fair&#13;    value&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 58%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Cross-currency&#13;    interest rate swap agreements&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 17%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Principal&#13;    amount (notional)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 13%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 12%; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13; 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 &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Asset&#13;    position: Euros + 1.01% p.y.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;49,165&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;53,045&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Liability&#13;    position: 128% of CDI&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(49,165)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(53,802)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Net&#13;    position &amp;#8211; assets (liabilities)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(757)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&#13;    assets (liabilities)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(757)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Noncurrent&#13;    assets (liabilities)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:SummarizesNotionalAndFairValueAmountsOfSwapAgreementsAs>
    <afya:LeasesExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Set&#13;out below are the carrying amounts of right-of-use assets and lease liabilities and the movements during the period:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Right-of-use&#13;    assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Lease&#13;    liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;    at January 1, 2019&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;212,360&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;212,360&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Additions&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;19,100&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;19,100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;    combinations &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;61,145&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;61,365&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Depreciation&#13;    expense&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(18,330)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest&#13;    expense&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;31,469&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Payments&#13;    of lease liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(39,779)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;    at December 31, 2019&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;274,275&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;284,515&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Additions&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;64,743&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;64,743&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Remeasurement&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;34,161&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;34,161&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;    combinations&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;76,855&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;76,855&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Depreciation&#13;    expense&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(29,386)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest&#13;    expense&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; 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   at December 31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;419,074&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;447,703&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;61,976&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Non-current&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;419,074&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; 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    <afya:AccountsPayableToSellingShareholdersExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12.2.3&#13;Accounts payable to selling shareholders&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 66%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 17%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 17%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Acquisition&#13;    of IESP (a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;38,771&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;75,450&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Acquisition&#13;    of FADEP (b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;18,745&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Acquisition&#13;    of FASA (c)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;70,356&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;105,306&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Acquisition&#13;    of IPEMED (d)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;38,622&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;45,646&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Acquisition&#13;    of IPEC (e)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;28,307&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;55,090&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Acquisition&#13;    of UniRedentor (f)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;97,773&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Acquisition&#13;    of UniSL (g)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;53,386&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Acquisition&#13;    of FCMPB (h)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;189,420&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Acquisition&#13;    of FESAR (i)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,569&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Acquisition&#13;    of MEDPHONE (j)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;36&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;518,240&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; 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padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 16%; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 11%; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Opening&#13;    balance&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;300,237&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt; text-indent: 12.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;177,730&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash&#13;    flows&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(134,518)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(92,688)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Acquisition&#13;    of IPEC&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;54,000&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt; text-indent: 18.1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,884&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;17,977&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,687&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;    combinations&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;343,140&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;144,538&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;176,043&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Compensation&#13;    of legal proceedings disbursement&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(4,503)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,320)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Closing&#13;    balance&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;518,240&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;300,237&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;177,730&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On November 27, 2018, Afya&#13;    Brazil acquired 80% of IESP and the amounts of (i) R$8,906 was paid in February 2019, and (ii) R$106,200 is payable in three equal&#13;    installments of R$35,400, each adjusted by the CDI rate through the payment date. The first and second installments were paid in&#13;    November 2019 and 2020, respectively, and the remaining installment is due by the end of the third year from the transaction closing&#13;    date.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On December 5, 2018, Afya&#13;    Brazil acquired 100% of FADEP and the amount of R$52,846 is payable in three equal installments of R$17,615, each adjusted by the&#13;    SELIC rate through the payment date and due semiannually from the transaction closing date. The first installment was paid in June&#13;    2019, the second installment was paid in December 2019, and the last installment was paid in June 2020.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(c)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On April 3, 2019, Afya Brazil&#13;    acquired 90% of FASA and R$ 39,695 was paid in April 2020, R$ 29,770 is payable in April 2021, and R$ 29,770 is payable in April&#13;    2022; each adjusted by the IPCA rate + 4.1% per year.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(d)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On May 9, 2019, Afya Brazil&#13;    acquired 100% of IPEMED and R$ 45,303 is payable in five equal installments of R$ 9,061, adjusted by the CDI rate, and due annually&#13;    in February 2020, 2021, 2022, 2023 and 2024.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(e)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On August 13, 2019, Afya Brazil acquired 100% of IPEC&#13;    and R$54,000 was paid in cash on the transaction closing date, and (ii) R$54,000 is payable in two equal installments, adjusted by&#13;    the CDI rate, and due annually at the end of the first and the second year from the transaction closing date.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(f)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On January 31, 2020, Afya&#13;    Brazil acquired 100% of UniRedentor and R$ 114,607 was paid in cash on the transaction closing date, and the original amount of R$100,000&#13;    is payable in five equal installments from January 2021 through July 2024, adjusted by the CDI rate. The purchase consideration was&#13;    adjusted by R$4,503 and such amount will be deducted from the first installment due in January 2021. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(g)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On May 5, 2020, Afya Brazil&#13;    acquired 100% of UniSL. The purchase consideration is R$201,521, of which: R$ 141,065 was paid in cash on the transaction closing&#13;    date, and R$ 60,456 is payable in three equal installments through May 2023, adjusted by the CDI rate. &lt;/font&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    purchase consideration was adjusted by R$7,816 and such amount will be deducted from the first installment due in May 2021.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(h)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On November 9, 2020, Afya&#13;    Brazil acquired 100% of FCMPB. The net purchase price &lt;/font&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;of&#13;    R$379,913 was adjusted to R$378,807&lt;font&gt;, of which: R$ 189,&lt;/font&gt;913 &lt;font&gt;was&#13;    paid in cash on the transaction closing date, and R$ 188,894 is payable in four installments through November 2024, adjusted by the&#13;    CDI rate.&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(i)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On November 3, 2020, Afya Brazil acquired 100% of the&#13;    share capital of FESAR. The aggregate purchase price was R$260,836, including the CDI rate adjustment from the singing and the real&#13;    state of the operation, estimated at R$ 17,397, of which 100% was paid in cash on the closing of the operation. The purchase consideration&#13;    was adjusted by R$1,569 and was paid on February 25, 2021.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(j)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On November 4, 2020, Afya Brazil acquired 100% of the&#13;    share capital of MedPhone. The net purchase price was R$6,373 of which 100% was paid in cash on the closing of the operation. The&#13;    purchase consideration was adjusted by R$36 and was paid on February 2, 2021.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:AccountsPayableToSellingShareholdersExplanatory>
    <afya:ScheduleOfCarryingAmountOfNotesPayableTableTextBlock contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Set&#13;out below are the carrying amount of notes payable and the movements during the period:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 66%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 6%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 28%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Notes&#13;    payable&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;    at January 1, 2020&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;    combination&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;80,526&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Payments&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(5,974)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Monetary&#13;    indexation&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,629&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    at December 31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;76,181&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10,503&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Non-current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;65,678&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfCarryingAmountOfNotesPayableTableTextBlock>
    <afya:FairValuesExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;table below is a comparison of the carrying amounts and fair values of the Company&amp;#8217;s financial instruments, other than those carrying&#13;amounts that are reasonable approximation of fair values:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Carrying&#13;    amount&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Fair&#13;    value&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Carrying&#13;    amount&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Fair&#13;    value&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Financial&#13;    assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Restricted&#13;    cash&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;2,053&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;2,053&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;16,841&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;16,841&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Trade&#13;    receivables (non-current)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;7,627&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;7,627&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;9,801&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;9,801&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;9,680&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;9,680&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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    <afya:SummaryOfCurrenciesUsedInSensitivityAnalysisTableTextBlock contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;following table demonstrates the sensitivity in the Company&amp;#8217;s income before income taxes of a 10% change in the U.S. dollar exchange&#13;rate (R$5.1961 to U.S. dollar 1.00) as of December 31, 2020 and 2019, with all other variables held constant. &lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="width: 60%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 16%; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Exposure&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 2%; text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 10%; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;+10%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 1%; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 11%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;-10%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of December 31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash&#13;    and cash equivalents&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;70,523&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;7,052&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(7,052)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:SummaryOfCurrenciesUsedInSensitivityAnalysisTableTextBlock>
    <afya:SummaryOfContractualMaturitiesOfFinancialLiabilitiesTableTextBlock contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;tables below summarize the maturity profile of the Company&amp;#8217;s financial liabilities based on contractual undiscounted amounts:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="width: 50%; white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of December 31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Less&#13;    than 1 year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1&#13;    to 3 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;3&#13;    to 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;More&#13;    than 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Trade&#13;    payables&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;35,743&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;35,743&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Loans&#13;    and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;125,137&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;566,157&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,010&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,094&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;698,398&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Lease&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;63,092&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;131,225&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;124,114&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;705,115&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,023,546&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Accounts&#13;    payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;191,145&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;262,340&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;81,153&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;534,638&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Notes&#13;    payable&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;11,083&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;83,803&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;94,886&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Advances&#13;    from customers&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;63,839&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;63,839&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;490,039&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,043,525&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;209,277&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;708,209&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,451,050&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="width: 50%; white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of December 31, 2019&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Less&#13;    than 1 year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1&#13;    to 3 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;3&#13;    to 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;More&#13;    than 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Trade&#13;    payables&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;17,628&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;17,628&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Loans&#13;    and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;54,507&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;3,537&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;2,517&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;1,926&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;62,487&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Lease&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;44,139&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;81,326&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;76,013&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;502,831&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;704,309&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Accounts&#13;    payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;137,608&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;182,535&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;12,072&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;332,215&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Advances&#13;    from customers&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;36,860&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;36,860&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Derivatives&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;757&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;757&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;&lt;b&gt;291,499&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;&lt;b&gt;267,398&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;&lt;b&gt;90,602&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;&lt;b&gt;504,757&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"&gt;&lt;b&gt;1,154,256&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:SummaryOfContractualMaturitiesOfFinancialLiabilitiesTableTextBlock>
    <afya:ChangesInLiabilitiesArisingFromFinancingActivitiesExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12.5&#13;Changes In liabilities arising from financing activities&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="width: 25%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 8%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;January&#13;    1, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;Payments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;Addition&#13;    / Remeasurement&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 6%; text-align: center; padding-left: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;Interest&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 11%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;Foreign&#13;    exchange movement&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 11%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;Business&#13;    combination&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;Other&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;December&#13;    31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 8pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;Loans&#13;    and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;60,357&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;(155,090)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; color: black"&gt;605,041&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; 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   and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,823&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(6,492)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;74,980&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,821&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,697&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;77,829&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white; vertical-align: bottom"&gt;&#13;    &lt;td style="text-align: left; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Related&#13;    parties&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;106&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(106)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; 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 &lt;tr style="background-color: rgb(213,234,234); vertical-align: bottom"&gt;&#13;    &lt;td style="text-align: left; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Dividends&#13;    payable&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;14,888&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(5,845)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; 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    <afya:ScheduleOfCapitalManagementExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The Company includes within net debt, loans and financing less cash and cash&#13;equivalents and restricted cash. &lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 67%; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 16%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 2%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Loans&#13;    and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;617,485&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;60,357&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Lease&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;447,703&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;284,515&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Accounts&#13;    payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;518,240&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;300,237&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Notes&#13;    payable&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;76,181&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Less:&#13;    cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,045,042)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(943,209)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Less:&#13;    restricted cash&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(2,053)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(16,841)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Net&#13;    debt&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;612,514&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(314,941)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Total&#13;    equity&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,833,780&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,113,726&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    equity and net debt&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;3,446,294&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,798,785&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfCapitalManagementExplanatory>
    <afya:ScheduleOfInputsToModelUsedToDetermineFairValueOfStockOptions contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;following table list the inputs to the model used to determine the fair value of the stock options:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;05/15/2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;02/07/2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;03/29/2019*&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Weighted&#13;    average fair value at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;R$&#13;    366.16&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;R$&#13;    529.12 &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;R$&#13;    684.22&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Dividend&#13;    yield (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    volatility (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;49.5%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;45.5%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;43.7%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Risk-free&#13;    interest rate (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;7.7%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;7.6%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;7.2%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    life of stock options (years)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;4.0&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;4.0&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;4.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Weighted&#13;    average share price&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;R$254.13&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;R$&#13;    368.41&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;R$&#13;    213.35&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Model&#13;    used&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Monte&#13;    Carlo&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Monte&#13;    Carlo&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Black&#13;    &amp;#38; Scholes &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="width: 48%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 16%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 16%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 20%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;*After&#13;the corporate reorganization described in Note 1, the options originally granted under the Guardaya&amp;#8217;s plan granted on August 10,&#13;2018 were remeasured at fair value and included in Afya Brazil&amp;#8217;s plan with no changes to the previous terms and conditions other&#13;than the shares subject to such options granted and, consequently, the number of stock and exercise price of the shares as per the share&#13;exchange ratio applied on the corporate reorganization.&lt;/font&gt;&lt;/p&gt;</afya:ScheduleOfInputsToModelUsedToDetermineFairValueOfStockOptions>
    <afya:ScheduleOfIllustratesNumberAndMovementsInStockOptions contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;following table illustrates the number and movements in stock options during the periods:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="font-size: 10pt; width: 39%; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; width: 1%; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 10pt; width: 30%; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Number&#13;    of stock options (i) &amp;#8211; 2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 10pt; width: 30%; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Number&#13;    of stock options (i) &amp;#8211; 2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Outstanding&#13;    at January 1&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,291,248&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Granted&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;293,860&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,434,720&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Forfeited&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;-&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Addition&#13;    of Guardaya&amp;#8217;s plan&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;257,320&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Exercised&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,842,428)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(143,472)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expired&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 10pt; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Outstanding&#13;    at December 31&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,291,248&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 14pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 21.3pt"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(i)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;    number of common shares outstanding from Afya Brazil was retrospectively adjusted in the proportion of 1:28 due to the contribution&#13;    of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya Brazil contributed to Afya, which did&#13;    not result in changes on the arrangements of the plans.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfIllustratesNumberAndMovementsInStockOptions>
    <afya:ScheduleOfSharebasedCompensationPlan contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;following table illustrates the number and movements in stock options during the period:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td rowspan="2" style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Weighted&#13;    average exercise price (in Reais)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Number&#13;    of stock options&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: rgb(54,95,145) 1pt solid; white-space: nowrap; text-align: right; padding-left: 0.1in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="width: 40%; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Outstanding&#13;    at January 1&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 31%; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;74.53&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 16%; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,364,214&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 13%; white-space: nowrap; text-align: right; padding-left: 0.1in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Granted&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;94.55&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;477,220&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 0.1in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,364,214&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Forfeited&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;74.57&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(274,359)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 0.1in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Exercised&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;96.20&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(56,092)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 0.1in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expired&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 0.1in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Outstanding&#13;    at December 31&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;78.22&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,510,983&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 0.1in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,364,214&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfSharebasedCompensationPlan>
    <afya:ScheduleOfModelUsedToDetermineFairValueOfStockOptions contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;following table list the inputs to the model used to determine the original fair value of the stock options granted in March 2020 and&#13;September 2019:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 407px; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;March&#13;    2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;September&#13;    2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Strike&#13;    price at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;US$&#13;    19.00&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;US$&#13;    19.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Dividend&#13;    yield (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    volatility (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;39.7%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;38.9%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Risk-free&#13;    interest rate (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.8%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1.4%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    life of stock options (years)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4.0&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;5.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Share&#13;    price at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;US$&#13;    16.30&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;US$&#13;    21.90&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Model&#13;    used&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Binomial&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Binomial&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Weighted&#13;    average fair value at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;US$&#13;    3.94&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;US$&#13;    6.55&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The following table list the inputs to the model used to determine the incremental fair&#13;value of the stock options as result of the modification:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 60%; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 20%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Modified&#13;    plan&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 20%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Original&#13;    plan (*)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Strike&#13;    price at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    74.38&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    99.09&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Dividend&#13;    yield (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    volatility (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;41%&#13;    - 76%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;42%&#13;    - 76%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Risk-free&#13;    interest rate (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2.0%&#13;    - 4.9%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.2%&#13;    - 0.4%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    life of stock options (years)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1&#13;    &amp;#8211; 4&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1&#13;    &amp;#8211; 4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Share&#13;    price at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    133.68&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    133.68&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Model&#13;    used&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Binomial&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Binomial&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Weighted&#13;    average fair value at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    69.54&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    57.12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(*)&#13;The strike price of the original plan was based in U.S. dollars.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;following table list the inputs to the model used to determine the fair value of the stock options granted on August 17,2020, November&#13;26, 2020 and December 16, 2020, which has been granted in line with the modified plan on July 29, 2020:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 48%; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 20%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;August&#13;    2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 17%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;November&#13;    2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 15%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;December&#13;    2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Strike&#13;    price at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$74&#13;    &amp;#8211; R$122&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$126&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$97&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Dividend&#13;    yield (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.0%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    volatility (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;41%&#13;    - 75%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;40%&#13;    - 69%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;69%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Risk-free&#13;    interest rate (%)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2.2%&#13;    - 6.1%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2.2%&#13;    - 6.9%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.9%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected&#13;    life of stock options (years)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1&#13;    &amp;#8211; 5&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1&#13;    &amp;#8211; 5&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Share&#13;    price at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    136&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;145.15&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    119.78&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Model&#13;    used&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Binomial&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Binomial&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Binomial&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Weighted&#13;    average fair value at the measurement date&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    67.12&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    56.43&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;R$&#13;    40.38&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfModelUsedToDetermineFairValueOfStockOptions>
    <afya:DisclosureOfEarningsPerShareTableExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;following table reflects the net income and share data used in the basic and diluted EPS calculations:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 55%; text-align: justify; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 18%; text-align: right; padding-left: 0.5in; padding-right: 5.4pt; text-indent: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 12%; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2018*&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="text-align: justify; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Numerator&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income attributable&#13;    to equity holders of the parent&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;292,075&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;153,916&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;86,353&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Denominator&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 8.6pt; padding-right: 5.4pt; text-indent: -8.6pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Weighted&#13;    average number of outstanding shares&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;92,683,848&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;75,969,797&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;46,936,064&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Effects of dilution from&#13;    stock options&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;951,920&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;221,846&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;840,700&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: justify; padding-left: 7.1pt; line-height: 115%; padding-right: 5.4pt; text-indent: -7.1pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Weighted&#13;    average number of outstanding shares adjusted for the effect of dilution&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;93,635,768&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;76,191,643&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;47,776,764&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Basic&#13;    earnings per share (R$)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3.15&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2.03&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1.84&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Diluted&#13;    earnings per share (R$)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3.12&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2.02&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1.81&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;*&#13;Considers the effects from the contribution of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya&#13;Brazil contributed to Afya.&lt;/font&gt;&lt;/p&gt;</afya:DisclosureOfEarningsPerShareTableExplanatory>
    <afya:ScheduleOfNetSalesRevenueExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;Company&amp;#8217;s net revenue is as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 61%; vertical-align: bottom; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 13%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 11%; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 30.25pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Tuition&#13;    fees(*)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;1,388,735&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;856,561&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;385,784&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 30.25pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;99,817&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;43,116&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;4,414&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 30.25pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Deductions&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 30.25pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;Granted&#13;    discounts&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(89,017)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(43,767)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(11,104)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 30.25pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;Early&#13;    payment discounts&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(29,299)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(8,523)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(3,189)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 30.25pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;Returns&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(11,437)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(7,462)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(1,801)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 30.25pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;Taxes&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(49,629)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(28,157)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(24,239)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 30.25pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;PROUNI&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(107,979)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(61,138)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; 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   &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 30.25pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Tuition,&#13;    digital content and app subscription fees - Transferred over time&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;1,128,558&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;713,827&lt;/font&gt;&lt;/td&gt;&#13; 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text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;2,890&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(*)&#13;As mentioned in Note 1, the Company assessed, in connection with the social distancing requirements, whether it has satisfied all performance&#13;obligations of its contracts with customers, according to IFRS15, and concluded it was necessary to defer a portion of it&amp;#8217;s net&#13;revenues in the second semester of 2020. As result, R$2,361 of net revenue were deferred to the first semester of 2021 and recorded in&#13;advances from customers.&lt;/font&gt;&lt;/p&gt;</afya:ScheduleOfNetSalesRevenueExplanatory>
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 &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;5,406&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;93,152&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,619)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;96,939&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13; 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   &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Types&#13;    of services or goods&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;653,760&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;100,750&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(3,880)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;750,630&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Tuition&#13;    fees&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;648,957&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; 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   &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;40,555&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,880)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;41,478&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13; 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 &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Cost&#13;    of services&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(434,654)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(308,853)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(168,052)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;General&#13;    and administrative expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(402,855)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(239,120)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(70,034)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(837,509)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(547,973)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(238,086)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Payroll&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(446,473)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(324,252)&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(156,623)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Hospital&#13;    and medical agreements&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(37,988)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(16,429)&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(10,209)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Depreciation&#13;    and amortization&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(108,744)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(73,152)&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(9,078)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Rent&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(2,555)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(4,494)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(20,302)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Commercial&#13;    expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(1,488)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(1,363)&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(362)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Utilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(5,892)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(6,628)&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(2,701)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Maintenance&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(20,746)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(8,658)&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(2,373)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Share-based&#13;    compensation&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(32,610)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(18,114)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(2,161)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Tax&#13;    expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(5,326)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(2,696)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(828)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Pedagogical&#13;    services&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(24,037)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(6,271)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(4,212)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Sales&#13;    and marketing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(16,873)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(11,603)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(3,532)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Allowance&#13;    for doubtful accounts&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(32,081)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(15,040)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(7,714)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Travel&#13;    expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(4,550)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(7,054)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(1,816)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Consulting&#13;    fees&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(31,276)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(13,060)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(7,245)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(66,870)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(39,159)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(8,930)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(837,509)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(547,973)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(238,086)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:SummaryOfExpensesByNatureTableTextBlock>
    <afya:ScheduleOfFinanceResult contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&lt;tr&gt;&lt;td style="width: 57%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;/td&gt;&#13;    &lt;td style="width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 5.6pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 13%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Income&#13;    from financial investments&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;24,479&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;25,965&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,680&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Changes&#13;    in fair value of derivative instruments&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 0.3pt; padding-right: 5.4pt; text-indent: -0.3pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20,739&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,219&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest&#13;    received&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 0.3pt; padding-right: 5.4pt; text-indent: -0.3pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;11,876&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;9,680&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,364&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Foreign&#13;    exchange differences&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 0.3pt; padding-right: 5.4pt; text-indent: -0.3pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,321&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;5,196&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,723&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;165&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Finance&#13;    income&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;62,290&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;51,689&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;10,428&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Change&#13;    in fair value of derivative instruments&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,780)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest&#13;    expense&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(25,543)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(24,002)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(2,404)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest&#13;    expense on lease liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(44,458)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(31,469)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;    discounts granted&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(8,081)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(923)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,063)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Bank&#13;    fees&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(6,333)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(2,876)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,219)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Foreign&#13;    exchange differences&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(4,613)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(2,697)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;IOF&#13;    taxes (taxes on financial transactions)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,661)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(6,801)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(355)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(7,580)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(4,514)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(416)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Finance&#13;    expenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(98,269)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(72,365)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(8,154)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Finance&#13;    result&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(35,979)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(20,676)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,274&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfFinanceResult>
    <afya:ScheduleOfReconciliationOfIncomeTaxExpenseExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;following is a reconciliation of income tax expense to profit (loss) for the year, calculated by applying the combined Brazilian statutory&#13;rates at 34% for the years ended December 31, 2020, 2019 and 2018:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 61%; white-space: nowrap"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 12%; vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 12%; vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Income&#13;    before income taxes&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;335,054&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;186,937&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;98,722&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Combined&#13;    statutory income taxes rate - %&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;34%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;34%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;34%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Income&#13;    taxes at statutory rates&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(113,918)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(63,559)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(33,565)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Reconciliation&#13;    adjustments:&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Tax&#13;    effect on loss from entities not subject to taxation&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(8,474)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(1,265)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;PROUNI&#13;    - Fiscal Incentive (a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;120,851&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;73,397&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;30,564&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Unrecognized&#13;    deferred tax assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(41,319)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(19,342)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Presumed&#13;    profit income tax regime effect (b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(2,640)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;351&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Permanent&#13;    adjustments&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;2,567&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Tax&#13;    effect over pre-acquisition losses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;13,893&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;1,973&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(3,757)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(987)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Income&#13;    taxes expense &amp;#8211; current&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(27,067)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(14,175)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(3,988)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Effective&#13;    rate&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;8.08%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;7.58%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;4.04%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 9pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 9pt; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 18pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The Company adhered to PROUNI, established by Law 11,096&#13;    / 2005, which is a federal program that exempt companies of paying income taxes and social contribution.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 9pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 9pt; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 18pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Brazilian tax law establishes that companies that generate&#13;    gross revenues of up to R$ 78,000 in the prior fiscal year may calculate income taxes as a percentage of gross revenue, using the&#13;    presumed profit income tax regime. The Company adopted this tax regime and the effect of the presumed profit of subsidiaries represents&#13;    the difference between the taxation based on this method and the amount that would be due based on the statutory rate applied to&#13;    the taxable profit of the subsidiaries.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfReconciliationOfIncomeTaxExpenseExplanatory>
    <afya:ScheduleOfLegalProceedingsAndContingencies contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;provisions related to labor and civil proceedings whose likelihood of loss is assessed as probable are as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 43%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 12%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Labor&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Civil&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Taxes&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balances&#13;    as of December 31, 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;297&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,423&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,720&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;    combinations&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,089&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,089&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Additions&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Reversals&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(166)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(191)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(357)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balances&#13;    as of December 31, 2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,233&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,232&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;3,465&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;    combinations&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,301&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,071&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,372&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Additions&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;737&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,508&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,245&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Reversals&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,770)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,043)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(4,813)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balances&#13;    as of December 31, 2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,501&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,768&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;5,269&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;    combinations&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,741&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,348&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;27,487&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;32,576&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Additions*&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;562&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10,869&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;7,853&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;19,284&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Reversals&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,285)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(2,705)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,990)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balances&#13;    as of December 31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4,519&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;13,280&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;35,340&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;53,139&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;*The total amount of R$ 9,940 are related to legal proceedings&#13;attributed to the selling shareholders administration. The same amount was recorded as indemnification assets in the balance sheet in&#13;other assets.&lt;/font&gt;&lt;/p&gt;</afya:ScheduleOfLegalProceedingsAndContingencies>
    <afya:ScheduleOfSocialSecurityProceedingsAssessedByManagement contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;There&#13;are other civil, labor, taxes and social security proceedings assessed by Management and its legal counsels as possible risk of loss,&#13;for which no provisions are recognized, as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="width: 62%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 20%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 18%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Labor&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,318&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,570&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Civil&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;59,969&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;39,135&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Taxes&#13;    and social security&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,375&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;7,583&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;66,662&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;50,288&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:ScheduleOfSocialSecurityProceedingsAssessedByManagement>
    <ifrs-full:MethodOfDeterminingFairValueOfInstrumentsOrInterests contextRef="From2020-10-08to2020-10-09_custom_IClinicParticipacoesSAMember">(i) 61.5% is payable in cash, and (ii) 38.5% is payable with Afya's shares on the transaction closing date.</ifrs-full:MethodOfDeterminingFairValueOfInstrumentsOrInterests>
    <ifrs-full:MethodOfDeterminingFairValueOfInstrumentsOrInterests contextRef="From2021-03-24to2021-03-25_custom_MedicinaeMember_custom_EventsAfterReportingPeriodsMember">100% was paid in cash on the transaction closing date.</ifrs-full:MethodOfDeterminingFairValueOfInstrumentsOrInterests>
    <ifrs-full:MethodOfDeterminingFairValueOfInstrumentsOrInterests contextRef="From2021-04-07to2021-04-08_custom_MedicalHarbourMember_custom_EventsAfterReportingPeriodsMember">100% was paid in cash on the transaction closing date.</ifrs-full:MethodOfDeterminingFairValueOfInstrumentsOrInterests>
    <ifrs-full:DateOfAcquisition2013 contextRef="From2020-10-08to2020-10-09_custom_IClinicParticipacoesSAMember">2021-01-21</ifrs-full:DateOfAcquisition2013>
    <afya:BusinessCombinationsTransactionCosts contextRef="From2020-10-08to2020-10-09_custom_IClinicParticipacoesSAMember" unitRef="BRL" decimals="-3">421000</afya:BusinessCombinationsTransactionCosts>
    <afya:BusinessCombinationsTransactionCosts contextRef="From2021-03-24to2021-03-25_custom_MedicinaeMember_custom_EventsAfterReportingPeriodsMember" unitRef="BRL" decimals="-3">169000</afya:BusinessCombinationsTransactionCosts>
    <afya:BusinessCombinationsTransactionCosts contextRef="From2021-04-07to2021-04-08_custom_MedicalHarbourMember_custom_EventsAfterReportingPeriodsMember" unitRef="BRL" decimals="-3">48000</afya:BusinessCombinationsTransactionCosts>
    <afya:BusinessCombinationsTransactionCosts contextRef="From2021-04-15to2021-04-16_custom_CliquefarmaMember_custom_EventsAfterReportingPeriodsMember" unitRef="BRL" decimals="-3">22000</afya:BusinessCombinationsTransactionCosts>
    <afya:BusinessCombinationsEarnOutAmount contextRef="From2021-03-24to2021-03-25_custom_MedicinaeMember_custom_EventsAfterReportingPeriodsMember" unitRef="BRL" decimals="-3">4400000</afya:BusinessCombinationsEarnOutAmount>
    <afya:BusinessCombinationsEarnOutAmount contextRef="From2021-04-07to2021-04-08_custom_MedicalHarbourMember_custom_EventsAfterReportingPeriodsMember" unitRef="BRL" decimals="-3">9000000</afya:BusinessCombinationsEarnOutAmount>
    <afya:BusinessCombinationsEarnOutAmount contextRef="From2021-04-15to2021-04-16_custom_CliquefarmaMember_custom_EventsAfterReportingPeriodsMember" unitRef="BRL" decimals="-3">3000000</afya:BusinessCombinationsEarnOutAmount>
    <ifrs-full:EquityInterestsOfAcquirer contextRef="AsOf2021-04-16_custom_CliquefarmaMember_custom_EventsAfterReportingPeriodsMember" unitRef="BRL" decimals="-3">3000000</ifrs-full:EquityInterestsOfAcquirer>
    <afya:JudicialDeposits contextRef="AsOf2020-12-31_custom_OtherAssetsNonCurrentMember" unitRef="BRL" decimals="-3">1451000</afya:JudicialDeposits>
    <afya:JudicialDeposits contextRef="AsOf2019-12-31_custom_OtherAssetsNonCurrentMember" unitRef="BRL" decimals="-3">804000</afya:JudicialDeposits>
    <afya:ContingenciesCorrespondentAmount contextRef="AsOf2020-12-31_custom_OtherAssetsNonCurrentMember" unitRef="BRL" decimals="-3">53499000</afya:ContingenciesCorrespondentAmount>
    <afya:ContingenciesCorrespondentAmount contextRef="AsOf2019-12-31_custom_OtherAssetsNonCurrentMember" unitRef="BRL" decimals="-3">6690000</afya:ContingenciesCorrespondentAmount>
    <afya:IncreaseDecreaseInRecoverableTaxes contextRef="From2020-01-01to2020-12-31" unitRef="BRL" decimals="-3">13709000</afya:IncreaseDecreaseInRecoverableTaxes>
    <afya:IncreaseDecreaseInRecoverableTaxes contextRef="From2019-01-01to2019-12-31" unitRef="BRL" decimals="-3">3940000</afya:IncreaseDecreaseInRecoverableTaxes>
    <afya:IncreaseDecreaseInRecoverableTaxes contextRef="From2018-01-01to2018-12-31" unitRef="BRL" decimals="-3">63000</afya:IncreaseDecreaseInRecoverableTaxes>
    <ifrs-full:CurrentTaxExpenseIncome contextRef="From2020-01-01to2020-12-31" unitRef="BRL" decimals="-3">-27067000</ifrs-full:CurrentTaxExpenseIncome>
    <ifrs-full:CurrentTaxExpenseIncome contextRef="From2019-01-01to2019-12-31" unitRef="BRL" decimals="-3">-14175000</ifrs-full:CurrentTaxExpenseIncome>
    <ifrs-full:CurrentTaxExpenseIncome contextRef="From2018-01-01to2018-12-31" unitRef="BRL" decimals="-3">-3988000</ifrs-full:CurrentTaxExpenseIncome>
    <afya:PercenatgeOfAverageInterestOnFinancialInstrument contextRef="AsOf2019-12-31_custom_BankCertificatesOfDepositMember" unitRef="Pure" decimals="INF">0.9922</afya:PercenatgeOfAverageInterestOnFinancialInstrument>
    <afya:PercenatgeOfAverageInterestOnFinancialInstrument contextRef="AsOf2020-12-31_custom_InterbankCertificatesOfDepositMember" unitRef="Pure" decimals="INF">0.9095</afya:PercenatgeOfAverageInterestOnFinancialInstrument>
    <afya:CompanyShareInEquity contextRef="AsOf2019-12-31_ifrs-full_AssociatesMember" unitRef="BRL" decimals="-3">2451000</afya:CompanyShareInEquity>
    <afya:CompanyShareInEquity contextRef="AsOf2020-12-31_ifrs-full_AssociatesMember" unitRef="BRL" decimals="-3">8227000</afya:CompanyShareInEquity>
    <afya:InvestmentGrossAmount contextRef="AsOf2019-12-31_ifrs-full_AssociatesMember" unitRef="BRL" decimals="-3">45634000</afya:InvestmentGrossAmount>
    <afya:InvestmentGrossAmount contextRef="AsOf2020-12-31_ifrs-full_AssociatesMember" unitRef="BRL" decimals="-3">51410000</afya:InvestmentGrossAmount>
    <afya:CompanyShareOfProfitss contextRef="From2019-01-01to2019-12-31_ifrs-full_AssociatesMember" unitRef="BRL" decimals="-3">2362000</afya:CompanyShareOfProfitss>
    <afya:CompanyShareOfProfitss contextRef="From2020-01-01to2020-12-31_ifrs-full_AssociatesMember" unitRef="BRL" decimals="-3">7698000</afya:CompanyShareOfProfitss>
    <afya:MinorityInterestOfAcquiree contextRef="From2019-01-01to2019-12-31_ifrs-full_AssociatesMember" unitRef="BRL" decimals="-3">24458000</afya:MinorityInterestOfAcquiree>
    <afya:MinorityInterestOfAcquiree contextRef="From2020-01-01to2020-12-31_ifrs-full_AssociatesMember" unitRef="BRL" xsi:nil="true" />
    <afya:AdditionalMinorityInterestOfAcquiree contextRef="From2019-01-01to2019-12-31_ifrs-full_AssociatesMember" unitRef="BRL" decimals="-3">24457000</afya:AdditionalMinorityInterestOfAcquiree>
    <afya:AdditionalMinorityInterestOfAcquiree contextRef="From2020-01-01to2020-12-31_ifrs-full_AssociatesMember" unitRef="BRL" xsi:nil="true" />
    <ifrs-full:DividendsReceived contextRef="From2019-01-01to2019-12-31_ifrs-full_AssociatesMember" unitRef="BRL" decimals="-3">5643000</ifrs-full:DividendsReceived>
    <ifrs-full:DividendsReceived contextRef="From2020-01-01to2020-12-31_ifrs-full_AssociatesMember" unitRef="BRL" decimals="-3">1922000</ifrs-full:DividendsReceived>
    <ifrs-full:ProfitLossOfAcquiree contextRef="From2019-01-01to2019-12-31_ifrs-full_AssociatesMember" unitRef="BRL" decimals="-3">2362000</ifrs-full:ProfitLossOfAcquiree>
    <ifrs-full:ProfitLossOfAcquiree contextRef="From2020-01-01to2020-12-31_ifrs-full_AssociatesMember" unitRef="BRL" decimals="-3">7698000</ifrs-full:ProfitLossOfAcquiree>
    <afya:ImpairmentOfNonfinancialAssetsPolicyExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;l)&#13;Impairment of non-financial assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any indication exists, or&#13;when annual impairment testing for an asset is required, the Company estimates the asset&amp;#8217;s recoverable amount. An asset&amp;#8217;s&#13;recoverable amount is the higher of an asset&amp;#8217;s or CGU&amp;#8217;s fair value less costs of disposal and its value in use. The recoverable&#13;amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from&#13;other assets or groups of assets. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered&#13;impaired and is written down to its recoverable amount.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In&#13;assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects&#13;current market assessments of the time value of money and the risks specific to the asset. In determining fair value less costs of disposal,&#13;recent market transactions are taken into account. If no such transactions can be identified, an appropriate valuation model is used.&#13;These calculations are corroborated by valuation multiples, quoted share prices for publicly traded companies or other available fair&#13;value indicators.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company bases its impairment calculation on detailed budgets and forecast calculations, which are prepared separately for each of the&#13;Company&amp;#8217;s CGUs to which the individual assets are allocated. These budgets and forecast calculations generally cover a period of&#13;five years, considering the companies activities and maturation period of its graduate and undergraduate courses. A long-term growth&#13;rate is calculated and applied to project future cash flows after the last projected year.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;impairment testing, goodwill acquired through business combinations and licenses with indefinite useful lives are allocated to their&#13;respective CGUs. The Company has defined each of its operating subsidiaries as a CGU.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Whenever&#13;applicable, impairment losses of continuing operations are recognized in the statement of income in expense categories consistent with&#13;the function of the impaired asset.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;assets excluding goodwill, an assessment is made at each reporting date to determine whether there is an indication that previously recognized&#13;impairment losses no longer exist or have decreased. If such indication exists, the Company estimates the asset&amp;#8217;s or CGU&amp;#8217;s&#13;recoverable amount. A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine&#13;the asset&amp;#8217;s recoverable amount since the last impairment loss was recognized. The reversal is limited so that the carrying amount&#13;of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation,&#13;had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the statement of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Goodwill&#13;is tested for impairment annually as at December 31 and when circumstances indicate that the carrying value may be impaired.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Impairment&#13;is determined for goodwill by assessing the recoverable amount of each CGU (or group of CGUs) to which the goodwill relates. When the&#13;recoverable amount of the CGU is less than its carrying amount, an impairment loss is recognized. Impairment losses relating to goodwill&#13;cannot be reversed in future periods.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Intangible&#13;assets with indefinite useful lives are tested for impairment annually as at December 31 at the CGU level, as appropriate, and when circumstances&#13;indicate that the carrying value may be impaired.&lt;/font&gt;&lt;/p&gt;</afya:ImpairmentOfNonfinancialAssetsPolicyExplanatory>
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    <ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill contextRef="From2019-01-01to2019-12-31_custom_EducationalPlatformAndSoftwareInProgressMember_ifrs-full_AccumulatedDepreciationAndAmortisationMember" unitRef="BRL" decimals="-3">-868000</ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill>
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    <afya:IncomeLossBeforeIncomeTaxes contextRef="From2020-01-01to2020-12-31" unitRef="BRL" decimals="-3">-335054000</afya:IncomeLossBeforeIncomeTaxes>
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    <afya:IncomeLossBeforeIncomeTaxes contextRef="From2018-01-01to2018-12-31" unitRef="BRL" decimals="-3">-98722000</afya:IncomeLossBeforeIncomeTaxes>
    <ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Corporate information&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Afya&#13;Limited (&amp;#8220;Afya&amp;#8221;) and its subsidiaries (collectively, the &amp;#8220;Company&amp;#8221;) is a holding company incorporated under the&#13;laws of the Cayman Islands on March 22, 2019. Afya Limited became the holding company of Afya Participa&amp;#231;&amp;#245;es S.A. (hereafter&#13;referred to as &amp;#8220;Afya Brazil&amp;#8221;), formerly denominated NRE Participa&amp;#231;&amp;#245;es S.A., through the completion of the corporate&#13;reorganization described below.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Until&#13;the contribution of Afya Brazil shares to Afya Limited in July 2019, Afya Limited did not have commenced operations and had only nominal&#13;assets and liabilities and no material contingent liabilities or commitments. Accordingly, Afya Limited&amp;#8217;s consolidated financial&#13;information substantially reflect the operations of Afya Brazil after the corporate reorganization.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company is formed by a network of higher education and post graduate institutions focused on medicine located in 18 Brazilian states&#13;forming the largest educational group by the number of medical seats in the country and by services that comprises the development and&#13;sale of electronically distributed educational courses on medicine science, related printed and technological educational content and&#13;mobile app subscription for digital medical content.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;u&gt;Corporate&#13;reorganization&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;March 29, 2019, Afya Brazil merged (i) BR Health Participa&amp;#231;&amp;#245;es S.A. (&amp;#8220;BR Health&amp;#8221;), a wholly-owned subsidiary of&#13;Bozano Educacional II Fundo de Investimento em Participa&amp;#231;&amp;#245;es Multiestrat&amp;#233;gia (&amp;#8220;Crescera&amp;#8221;) that controlled&#13;Guardaya Empreendimentos and Participa&amp;#231;&amp;#245;es S.A. (&amp;#8220;Guardaya&amp;#8221;) and was one of Afya Brazil&amp;#8217;s shareholders; and&#13;(ii) Guardaya which owned 100% of Medcel Editora e Eventos S.A. (&amp;#8220;Medcel Editora&amp;#8221;) and CBB Web Servi&amp;#231;os e Transmiss&amp;#245;es&#13;On Line S.A. (&amp;#8220;CBB Web&amp;#8221;), focused on medical residency preparation courses located in the state of S&amp;#227;o Paulo, resulting&#13;in the transfer to Afya Brazil of 100% of Medcel Editora and CBB Web and 15% of Uni&amp;#227;o Educacional do Planalto Central S.A. (&amp;#8220;UEPC&amp;#8221;),&#13;a medical school located in the Federal District. On June 18, 2019 Afya Brazil acquired an additional 15% interest in UEPC resulting&#13;in an interest of 30%.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;On July 7, 2019, each of Afya Brazil&amp;#180;s shareholders had agreed&#13;to contribute their respective shares on Afya Brazil into Afya Limited, exchanging one common share into 28 Class A or Class B common&#13;shares of Afya Limited. The holders of the Class A common shares and Class B common shares have identical rights, except that (i) the&#13;holder of Class B common shares is entitled to 10 votes per share, whereas holders of Class A common shares are entitled to one vote&#13;per share, (ii) Class B common shares have certain conversion rights and (iii) the holders of Class B common shares are entitled to maintain&#13;their proportional ownership interest in the event that common shares and/or preferred shares are proposed to be issued. The holders&#13;of Class A common shares and Class B common shares vote together as a single class on all matters (including the election of directors)&#13;submitted to a vote of shareholders, unless otherwise required by law and subject to certain exceptions.&lt;br style="clear: both" /&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;u&gt;Initial&#13;public offering&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;July 18, 2019, Afya Limited priced its initial public offering (&amp;#8220;IPO&amp;#8221;) of 13,744,210 Class A common shares, which began trading&#13;on the Nasdaq Global Select Market (&amp;#8220;NASDAQ&amp;#8221;) on July 19, 2019 under the symbol &amp;#8220;AFYA&amp;#8221;. On July 23, 2019, the&#13;underwriters exercised the option to buy an additional 2,061,631 Class A common shares to cover over-allotments, totaling 15,805,841&#13;Class A common shares, which 13,888,887 Class A common shares were offered by Afya Limited and 1,916,954 Class A common shares were offered&#13;by the selling shareholders at the initial public offering price. The initial offering price was US$ 19.00 per Class A common share.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;July 23, 2019, the share capital of Afya Limited was increased by 13,888,887 Class A shares through the proceeds received as a result&#13;of the IPO of US$ 263,888 thousand (or R$ 992,778). The net proceeds from the IPO were US$ 242,711 thousand (or R$ 913,108), after deducting&#13;US$ 15,833 thousand (or R$ 59,566) in underwriting discounts and commissions and other offering expenses totaled US$ 5,344 thousand (or&#13;R$ 20,104). The share issuance costs totaled R$ 79,670.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Afya&#13;Limited transferred US$ 251,800 thousand (or R$ 961,438) of the net proceeds from the Cayman Islands to bank accounts in Brazil. These&#13;deposits are invested on first-line financial institutions in Brazil and are denominated in Brazilian reais.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;u&gt;Issuance&#13;of additional common shares&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;February 6, 2020, Afya completed its follow-on public offering of 3,019,928 Class A common shares offered by the Company and 9,406,812&#13;Class A common shares offered by the selling shareholders.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;offering price was US$ 27.50 per Class A common shares and gross proceeds of R$ 358,286 (US$ 83,048 thousand). The Company received net&#13;proceeds of R$ 339,648 (US$ 78,846 thousand), after deducting R$ 18,638 (US$ 4,202 thousand) in underwriting discounts, commissions and&#13;other offering expenses.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;March 10, 2020, the underwriters exercised their option to acquire additional 240,552 Class A common shares at the offering price, resulting&#13;in gross proceeds of R$ 30,884 (US$ 6,615 thousand). The net proceeds from the additional shares were R$ 29,819 (US$ 6,387 thousand),&#13;after deducting R$ 1,066 (U$ 228 thousand) in underwriting discounts and commissions.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;Afya&#13;transferred R$ 294,312 (US$ 68,060 thousand) of the net proceeds to bank accounts in Brazil with an increase in the capital of Afya Brazil.&#13;These deposits were invested in first-line financial institutions in Brazil and are denominated in Brazilian reais.&lt;br style="clear: both" /&gt;&#13;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;u&gt;Acquisitions&#13;in 2020&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(i)&#13;On January 31, 2020, Afya Brazil acquired control of Sociedade Universit&amp;#225;ria Redentor S.A. ("UniRedentor"), through the acquisition&#13;of 100% of its shares. UniRedentor is a post-secondary education institution with governmental authorization to offer on-campus, undergraduate&#13;degrees and graduate programs in medicine and health, as well as other courses, in the State of Rio de Janeiro. See Note 5.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(ii)&#13;On May 5, 2020, Afya Brazil acquired control of Centro Universit&amp;#225;rio S&amp;#227;o Lucas Ltda. (&amp;#8220;UniSL&amp;#8221;), through the acquisition&#13;of 100% of its shares. UniSL is a post-secondary education institution with governmental authorization to offer on-campus, undergraduate&#13;courses in medicine and health, as well as other courses, in the State of Rond&amp;#244;nia. See Note 5.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;(iii) On July 20, 2020, Afya Brazil acquired control of PEBMED &lt;i&gt;Institui&amp;#231;&amp;#227;o&#13;de Pesquisa M&amp;#233;dica e Servi&amp;#231;os Tecnol&amp;#243;gicos da &amp;#193;rea da Sa&amp;#250;de S.A.&lt;/i&gt; (&amp;#8220;PEBMED&amp;#8221;), through the acquisition&#13;of 100% of its shares. PEBMED offers content and clinical tools for healthcare professionals, including web portals and mobile apps. See&#13;Note 5.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;(iv) On November 3, 2020, Afya Brazil acquired 100% of the total share&#13;capital of &lt;i&gt;Faculdade de Ensino Superior da Amaz&amp;#244;nia Reunida&lt;/i&gt; (&amp;#8220;FESAR&amp;#8221;). FESAR is a post-secondary education institution&#13;with government authorization to offer on-campus, undergraduate courses in medicine and health, as well as other courses, in the State&#13;of Par&amp;#225;. See Note 5.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;(v) On November 4, 2020, Afya Brazil acquired 100% of the total share&#13;capital of MedPhone Tecnologia em Sa&amp;#250;de Ltda. (&amp;#8220;MedPhone&amp;#8221;). MedPhone is a clinical decision and leaflet consultation&#13;app in Brazil, that helps physicians, medical students and other healthcare professionals to make faster and more accurate decisions on&#13;a daily basis. See Note 5.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;(vi) On November 9, 2020, Afya Brazil acquired 100% of the total share&#13;capital of &lt;i&gt;Centro Superior de Ci&amp;#234;ncias da Sa&amp;#250;de S/S Ltda.&lt;/i&gt; (&amp;#8220;FCMPB&amp;#8221;). FCMPB is a post-secondary education&#13;institution with government authorization to offer on-campus, undergraduate courses in medicine in the State of Para&amp;#237;ba and medical&#13;course represented 99% of its net revenue in 2019. See Note 5.&lt;/p&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;u&gt;Other acquisitions&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;(i) On October 22, 2020, Afya Brazil entered into a purchase agreement&#13;for the acquisition of 100% of the total share capital of &lt;i&gt;Sociedade Padr&amp;#227;o de Educa&amp;#231;&amp;#227;o Superior Ltda.&lt;/i&gt;, which&#13;includes UNIFIPMoc and Fip Guanambi (&amp;#8220;SPES&amp;#8221;)&lt;i&gt;.&lt;/i&gt; SPES is a post-secondary education institution with government authorization&#13;to offer on-campus, undergraduate courses in medicine in the States of Minas &amp;#160;Gerais and Bahia. The transaction is subject to conditions&#13;precedent before closing, of which had not occurred up to the issuance of these &amp;#160;financial statements. The purchase price is R$360,000,&#13;adjusted by the Net Debt at the closing date, of which: (i) 100% is payable in cash on the transaction closing date.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman,serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;(ii) See Note&amp;#160;24 for for further information regarding other&#13;acquisitions&amp;#160;concluded after December 31, 2020.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;u&gt;COVID-19&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In&#13;December 2019, a novel strain of coronavirus (COVID-19) was reported to have emerged in Wuhan, China. COVID-19 has since spread to most&#13;of the countries around the globe, including every state in Brazil. On March 11, 2020, the World Health Organization declared the COVID-19&#13;outbreak a pandemic, and on March 20, 2020 the Brazilian federal government declared a national emergency with respect to COVID-19.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Since&#13;March 17, 2020, there has been some interruption of our on-campus activities due to Brazilian government authorities mandatory lockdowns.&#13;We managed to rapidly adapt our business to these unusual times, and although there has been an interruption of our on-campus activities,&#13;we are offering our non-practical educational activities to our students through our online platform (rather than on-site). Regarding&#13;the offering of practical classes, we quickly resumed our in-hospital and health care residency programs for fifth and sixth year students,&#13;which represents the largest portion of our practical curriculum. As of December 31, 2020, we have recorded deferred revenues of R$2,361&#13;in advances from customers in the statement of financial position because some of our practical educational activities (particularly&#13;for students in the first to fourth years) that we provide in our on-campus labs and clinics were suspended and thus a portion of the&#13;net revenue should be deferred to the next year, in accordance with IFRS 15.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;During&#13;2020, the States of Rio de Janeiro, Par&amp;#225;, Tocantins, Piau&amp;#237;, Rondonia, Bahia and Maranh&amp;#227;o had issued state decrees granting&#13;discounts to our students because of COVID-19. As of the date of these financial statements, these mandatory discounts have been suspended&#13;as their constitutionality has been challenged in the superior courts. As long as it has not been declared constitutional, we started&#13;to invoice our students without these discounts and, from March 2021, with the discount granted during 2020. Additionally, we are also&#13;facing individual and collective legal proceedings all across the country, which total R$ 6,545 during 2020 that are still pending on&#13;final legal decisions to be recovered.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;we continue to offer non-practical educational activities to our students through our platform and practical activities for fifth and&#13;sixth year students, through the same professors, staff and suppliers, we continue to charge our standard monthly tuitions fees. We are&#13;committed to deliver the best quality service, minimize the impacts of the COVID-19 pandemic on our students, employees and our local&#13;communities. In addition, as of the date of these financial statements, the COVID-19 pandemic has had no significant impact on the payment&#13;default rates of our students. We continue to support our students by providing special payment arrangements. Furthermore, there have&#13;been no significant impacts on our financial performance and position of assets and there have been no significant changes in our financial&#13;condition triggering impairment indicators in these financial statements.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;COVID-19 pandemic is still evolving, and Brazilian authorities may maintain a lockdown of our on-campus activities for a longer or undefined&#13;extended of period of time or impose a more severe lockdown, among other measures, all of which are outside of our control and may materially&#13;adversely affect our business and results of operations including the resumption of on-campus practical classes. We may also suffer labor&#13;shortages, particularly of our teaching faculty, which is mostly comprised of doctors that continue to have work shifts at hospitals&#13;and are consequently more exposed to COVID-19 than non-medical administrative staff. Furthermore, the COVID-19 pandemic is expect to&#13;cause a material and adverse effect on the general economic, financial, political, demographic and business conditions in Brazil, which&#13;may reduce the disposable income of our students and their families, and consequently (i) result in an adverse impact on the ability&#13;of our students (current and/or prospective) to pay our tuition fees and/or (ii) trigger an increase in our attrition rates.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;While&#13;we are aware of the uncertainties created by the COVID-19 pandemic, we remain confident in our strategy, in the financial robustness&#13;of our business and in our contribution of high quality medical professionals who we believe will help our society overcome the COVID-19&#13;pandemic and other future challenges.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory>
    <ifrs-full:DisclosureOfExpensesByNatureExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;19&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Expenses and cost by nature&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 56%; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 16%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 13%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Cost&#13;    of services&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(434,654)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(308,853)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(168,052)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;General&#13;    and administrative expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(402,855)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(239,120)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(70,034)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(837,509)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(547,973)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(238,086)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Payroll&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(446,473)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(324,252)&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(156,623)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Hospital&#13;    and medical agreements&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(37,988)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(16,429)&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(10,209)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Depreciation&#13;    and amortization&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(108,744)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(73,152)&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(9,078)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Rent&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(2,555)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(4,494)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(20,302)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Commercial&#13;    expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(1,488)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(1,363)&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(362)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Utilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(5,892)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(6,628)&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(2,701)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Maintenance&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(20,746)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(8,658)&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(2,373)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Share-based&#13;    compensation&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(32,610)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(18,114)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(2,161)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Tax&#13;    expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(5,326)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(2,696)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(828)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Pedagogical&#13;    services&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(24,037)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(6,271)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(4,212)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Sales&#13;    and marketing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(16,873)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(11,603)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(3,532)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Allowance&#13;    for doubtful accounts&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(32,081)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(15,040)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(7,714)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Travel&#13;    expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(4,550)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(7,054)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(1,816)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Consulting&#13;    fees&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(31,276)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(13,060)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(7,245)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(66,870)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(39,159)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(8,930)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(837,509)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(547,973)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(238,086)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;</ifrs-full:DisclosureOfExpensesByNatureExplanatory>
    <afya:AcquisitionOfIpemedExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; background-color: white; font-size-adjust: none; font-stretch: normal; border-image: none; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="border: black 1pt solid; white-space: nowrap; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; text-align: center; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Trademark&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; vertical-align: bottom; border-image: none"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Relief-from-royalty&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by&#13;    the savings of royalties that the owner would have to own the asset. And it is necessary to determine a royalty rate that reflects&#13;    the appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-bottom: 5pt; padding-top: 12pt; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; vertical-align: bottom; border-image: none"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earning method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:AcquisitionOfIpemedExplanatory>
    <afya:AcquisitionOfFasaExplanatory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; background-color: white; font-size-adjust: none; font-stretch: normal; border-image: none; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="border: black 1pt solid; white-space: nowrap; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; text-align: center; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Licenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; vertical-align: bottom; border-image: none"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;With-and-without&#13;                                            method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two&#13;    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-bottom: 5pt; padding-top: 12pt; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; vertical-align: bottom; border-image: none"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earning method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</afya:AcquisitionOfFasaExplanatory>
    <ifrs-full:DisclosureOfIncomeTaxExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;21&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Income taxes&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Income&#13;taxes are comprised of taxation over operations in Brazil, related to Corporate Income Tax ("IRPJ") and Social Contribution on Net Profit&#13;("CSLL"). According to Brazilian tax legislation, income taxes and social contribution are assessed and paid by legal entity and not&#13;on a consolidated basis.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Reconciliation&#13;of income taxes expense&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;following is a reconciliation of income tax expense to profit (loss) for the year, calculated by applying the combined Brazilian statutory&#13;rates at 34% for the years ended December 31, 2020, 2019 and 2018:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 61%; white-space: nowrap"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 12%; vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 12%; vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Income&#13;    before income taxes&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;335,054&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;186,937&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;98,722&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Combined&#13;    statutory income taxes rate - %&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;34%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;34%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;34%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Income&#13;    taxes at statutory rates&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(113,918)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(63,559)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(33,565)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Reconciliation&#13;    adjustments:&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Tax&#13;    effect on loss from entities not subject to taxation&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(8,474)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(1,265)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;PROUNI&#13;    - Fiscal Incentive (a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;120,851&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;73,397&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;30,564&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Unrecognized&#13;    deferred tax assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(41,319)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(19,342)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Presumed&#13;    profit income tax regime effect (b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(2,640)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;351&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Permanent&#13;    adjustments&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;2,567&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Tax&#13;    effect over pre-acquisition losses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;13,893&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;1,973&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(3,757)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;(987)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;Income&#13;    taxes expense &amp;#8211; current&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(27,067)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(14,175)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;&lt;b&gt;(3,988)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;Effective&#13;    rate&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;8.08%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;7.58%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; line-height: 115%"&gt;&lt;font style="font: 10pt/115% Times New Roman, Times, Serif"&gt;4.04%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 9pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 9pt; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 18pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(a)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The Company adhered to PROUNI, established by Law 11,096&#13;    / 2005, which is a federal program that exempt companies of paying income taxes and social contribution.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 9pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 9pt; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 18pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(b)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Brazilian tax law establishes that companies that generate&#13;    gross revenues of up to R$ 78,000 in the prior fiscal year may calculate income taxes as a percentage of gross revenue, using the&#13;    presumed profit income tax regime. The Company adopted this tax regime and the effect of the presumed profit of subsidiaries represents&#13;    the difference between the taxation based on this method and the amount that would be due based on the statutory rate applied to&#13;    the taxable profit of the subsidiaries.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Deferred&#13;income taxes&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;of December 31, 2020, the Company had unrecognized deferred income tax assets on temporary differences and tax losses in the amount of&#13;R$ 214,387 (tax basis) (R$ 96,627 (tax basis) as of December 31, 2019) which does not have any tax planning opportunities available that&#13;could support the recognition of these temporary differences as deferred tax assets. Accordingly, the Company did not recognize deferred&#13;tax assets.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfIncomeTaxExplanatory>
    <ifrs-full:DisclosureOfBusinessCombinationsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;5&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business combinations&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;5.1&#13;Acquisitions in 2020&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/10.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;The&#13;preliminary fair values of the identifiable assets acquired and liabilities assumed as of each acquisition date were:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/10.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 42%; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 13%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;UniRedentor*&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 8%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;UniSL**&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 11%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;PEBMED&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 8%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;FESAR&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 8%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;FCMPB&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; width: 10%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;MedPhone&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash&#13;    and cash and equivalents&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;52,640&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,569&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;188,894&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;36&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Paid&#13;    in Afya Brazil&amp;#8217;s shares&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;17,531&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Analysis&#13;    of cash flows on acquisition:&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Transaction&#13;    costs (included in cash flows from operating activities)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,380)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,666)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(613)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(2,047)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(721)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(158)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash&#13;    paid, net of cash acquired with the subsidiary (included in cash flows from investing activities) &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(102,811)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(137,820)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(114,220)&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(104,191)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(139,486)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(114,833)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(258,647)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(190,534)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(6,471)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;*During&#13;the measurement period, the preliminary goodwill for the acquisition of UniRedentor was adjusted to R$77,662 (R$90,282 initial goodwill)&#13;as a result of an increase of intangible assets from R$134,281 to R$142,399 and a purchase price consideration adjustment of R$ 4,503.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;**During&#13;the measurement period, the preliminary goodwill for the acquisition of UniSL was adjusted to R$4,422 (R$53,192 previously disclosed)&#13;as a result of (i) a purchase consideration decrease of R$7,816 and (ii) adjustments increasing intangible assets of R$ 40,961 and a&#13;decrease in property and equipment of R$7.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(a)&#13;Acquisition of UniRedentor&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;January 31, 2020, Afya Brazil acquired 100% of the share capital of UniRedentor. The original purchase price of R$214,608, was adjusted&#13;by R$4,503 and was comprised by: i) R$114,607 paid in cash on the acquisition date; and ii) R$100,000 is payable in five equal installments&#13;from January 2021 to July 2024, adjusted by the CDI rate. The purchase consideration adjustment of R$4,503 will be deducted from the&#13;first installment due in January 2021.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;UniRedentor&#13;is a post-secondary education institution with governmental authorization to offer on-campus, undergraduate degrees and graduate&#13;programs in medicine and health, as well as other courses, in the State of Rio de Janeiro. The acquisition will contributed with 112&#13;medical school seats, with a potential 44 additional medical school seats subject to the approval by MEC and is in line with the&#13;Company&amp;#8217;s strategy to focus on medical education, including medical school.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;acquisition of UniRedentor was accounted for under IFRS 3 &amp;#8211; Business Combinations.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Transaction&#13;costs to date amount to R$1,380 and were expensed and are included in general and administrative expenses in the consolidated statement&#13;of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;At&#13;the acquisition date, the fair value of the trade receivables acquired equals its carrying amount. Afya Brazil measured the acquired&#13;lease liabilities using the present value of the remaining lease payments at the date of acquisition. The right-of-use assets were measured&#13;at an amount equal to the lease liabilities and adjusted to reflect the unfavorable terms of the lease relative to market terms.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized. Goodwill&#13;is allocated entirely to Business Unit 1 segment. The preliminary goodwill recognized is not expected to be deductible for income taxes&#13;purposes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company has not yet finalized the valuation of all identifiable assets acquired and liabilities assumed in the business combination of&#13;UniRedentor and therefore some of these amounts are preliminary. These amounts may be adjusted when the valuations are finalized.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt; border-image: none"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Licenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;With-and-without&#13;                                            method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two&#13;    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earnings method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;From the date of acquisition, this business combination&#13;has contributed R$ 10,509 of net revenue and R$ 3,570 of income before income taxes to the Company. FCMPB was constituted through a spin-off&#13;recently in August, 2020 and there is no information before this period to be presented.&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(b)&#13;Acquisition of UniSL&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;On May 5, 2020, Afya Brazil acquired 100% of&#13;the total share capital of UniSL. UniSL is a post-secondary education institution with governmental authorization to offer on-campus,&#13;undergraduate courses in medicine and health, as well as other courses, in the State of Rond&amp;#244;nia. UniSL also offers other medical&#13;related undergraduate degrees. The original purchase consideration of R$201,521 was adjusted by R$7,816, of which: (i) 70% is payable&#13;in cash on the transaction closing date, and (ii) 30% is payable in cash in three equal installments through 2023, adjusted by the CDI&#13;rate. The purchase consideration adjustment of R$7,816 will be deducted from the first installment due in May 2021.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;The acquisition contributed with 182 medical&#13;school seats. There are 100 additional seats still pending approval which, if approved by MEC, will result in a potential additional&#13;payment of up to R$80,000, adjusted by the CDI rate. Such potential additional payment has not been recognized as the approval of additional&#13;seats have not yet occurred and is contingent.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;acquisition of UniSL was accounted for under IFRS 3 &amp;#8211; Business Combinations.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Transaction&#13;costs to date amount to R$1,666 and were expensed and are included in general and administrative expenses in the consolidated statement&#13;of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;At&#13;the acquisition date, the fair value of the trade receivables acquired equals its carrying amount. Afya Brazil measured the acquired&#13;lease liabilities using the present value of the remaining lease payments at the date of acquisition. The right-of-use assets were measured&#13;at an amount equal to the lease liabilities and adjusted to reflect the unfavorable terms of the lease relative to market terms.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized. Goodwill&#13;is allocated entirely to Business Unit 1 segment. The preliminary goodwill recognized is not expected to be deductible for income taxes&#13;purposes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company has not yet finalized the valuation of all identifiable assets acquired and liabilities assumed in the business combination of&#13;UniSL and therefore some of these amounts are preliminary. These amounts may be adjusted when the valuations are finalized.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Licenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;With-and-without&#13;                                            method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two&#13;    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earnings method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;From&#13;the date of acquisition, UniSL has contributed R$ 113,894 of net revenue and R$ 30,648 to the income before income taxes to the Company.&#13;If the acquisition had taken place at the beginning of the period, net revenue for 2020 would have been increased by R$ 57,477 and income&#13;before income taxes for 2020 would have been increased by R$ 9,455.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(c)&#13;Acquisition of PEBMED&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;July 20, 2020, Afya Brazil acquired 100% of the share capital of PEBMED. The original purchase price of R$ 132,900 was adjusted by R$&#13;30 and was comprised by: i) R$115,339 paid in cash on the acquisition date; and ii) R$ 17,531 was paid with Afya Brazil&amp;#8217;s shares&#13;which were afterwards contributed to the Company in exchange of issuance of 141,976 of its own shares.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;PEBMED&#13;offers content and clinical tools for healthcare professionals, including web portals and mobile apps With the integration of PEBMED&#13;into our platform,&amp;#160;Afya&amp;#160;will continue to expand offerings for the medical professionals now focusing in the interaction with&#13;the patient.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;acquisition of PEBMED was accounted for under IFRS 3 &amp;#8211; Business Combinations.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Transaction&#13;costs to date amount to R$ 613 and were expensed and are included in general and administrative expenses in the consolidated statement&#13;of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;At&#13;the acquisition date, the fair value of the trade receivables acquired equals its carrying amount. Afya Brazil measured the acquired&#13;lease liabilities using the present value of the remaining lease payments at the date of acquisition. The right-of-use assets were measured&#13;at an amount equal to the lease liabilities and adjusted to reflect the unfavorable terms of the lease relative to market terms.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;preliminary goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized.&#13;Goodwill is allocated entirely to Business Unit 2 segment. The preliminary goodwill recognized is not expected to be deductible for income&#13;taxes purposes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company has not yet finalized the valuation of all identifiable assets acquired and liabilities assumed in the business combination of&#13;PEBMED and therefore some of these amounts are preliminary. These amounts may be adjusted when the valuations are finalized.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Trademark&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Relief&#13;                                            from royalty&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by&#13;    the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the&#13;    appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earnings method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Developed&#13;    technology intangible assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Replacement&#13;                                            cost &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;    methodology is based on the estimated cost of replacing the referred asset with a new one (acquisition or reconstruction), adjusted&#13;    to reflect the losses in value resulting from the physical deterioration and the functional and economic obsolescence of that asset.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;From&#13;the date of acquisition, this business combination has contributed R$ 17,535 of net revenue and R$ 3,413 of income before income taxes&#13;to the Company. Should the acquisition had taken place at the beginning of the period, net revenue for 2020 would have been increased&#13;by R$ 17,452 and income before income taxes for 2020 would have been decreased by R$ 1,813.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(d)&#13;Acquisition of FESAR&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;November 3, 2020, Afya Brazil acquired 100% of the share capital of FESAR. The aggregate purchase price was R$260,836, including the&#13;CDI rate adjustment from the signing date and the real state of the operation, estimated at R$ 17,397, of which 100% was paid in cash&#13;on the closing of the operation. The purchase consideration was adjusted by R$1,569 and was paid on February 25, 2021.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;FESAR&#13;is a post-secondary education institution with government authorization to offer on-campus, undergraduate courses in medicine and health,&#13;as well as other courses, in the State of Par&amp;#225; and medical course represents 70% of its 2019&amp;#8217;s net revenue. The acquisition&#13;will contributed with 120 medical school seats.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;acquisition of FESAR was accounted for under IFRS 3 &amp;#8211; Business Combinations.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Transaction&#13;costs to date amount to R$2,047 and were expensed and are included in general and administrative expenses in the consolidated statement&#13;of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;At&#13;the acquisition date, the fair value of the trade receivables acquired equals its carrying amount.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;preliminary goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized.&#13;Goodwill is allocated entirely to Business Unit 1 segment. The preliminary goodwill recognized is not expected to be deductible for income&#13;taxes purposes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company has not yet finalized the valuation of all identifiable assets acquired and liabilities assumed in the business combination of&#13;FESAR and therefore some of these amounts are preliminary. These amounts may be adjusted when the valuations are finalized.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Licenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;With-and-without&#13;                                            method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two&#13;    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earnings method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;From&#13;the date of acquisition, this business combination has contributed R$ 6,280 of net revenue and R$ 3,751 of income before income taxes&#13;to the Company. Should the acquisition had taken place at the beginning of the period, net revenue for 2020 would have been increased&#13;by R$ 29,113 and income before income taxes for 2020 would have been increased by R$ 14,918.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(e)&#13;Acquisition of MedPhone&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;November 4, 2020, Afya Brazil acquired 100% of the share capital of MedPhone. The net purchase price was R$6,373 of which 100% was paid&#13;in cash on the closing of the operation. The purchase price was adjusted to R$6,409, this price adjustment of R$ 36 was paid on February&#13;2, 2021.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;MedPhone&#13;is a clinical decision and leaflet consultation app in Brazil, that helps physicians, medical students and other healthcare professionals&#13;to make faster and more accurate decisions on a daily basis.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;acquisition of MedPhone was accounted for under IFRS 3 &amp;#8211; Business Combinations.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Transaction&#13;costs to date amount to R$158 and were expensed and are included in general and administrative expenses in the consolidated statement&#13;of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;There&#13;are no trade receivables, right of use assets or lease liabilities associated with the acquisition of MedPhone.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;preliminary goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized.&#13;Goodwill is allocated entirely to Business Unit 2 segment. The preliminary goodwill recognized is not expected to be deductible for income&#13;taxes purposes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company has not yet finalized the valuation of all identifiable assets acquired and liabilities assumed in the business combination of&#13;MedPhone and therefore some of these amounts are preliminary. These amounts may be adjusted when the valuations are finalized.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Trademark&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Relief&#13;                                            from royalty&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by&#13;    the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the&#13;    appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earnings method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Developed&#13;    technology intangible assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Replacement&#13;                                            cost &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;    methodology is based on the estimated cost of replacing the referred asset with a new one (acquisition or reconstruction), adjusted&#13;    to reflect the losses in value resulting from the physical deterioration and the functional and economic obsolescence of that asset.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;From&#13;the date of acquisition, this business combination has contributed R$ 49 of net revenue and R$ 57 of loss before income taxes to the&#13;Company. Should the acquisition had taken place at the beginning of the period, net revenue for 2020 would have been increased by R$&#13;142 and income before income taxes for 2020 would have been decreased by R$ 46.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(f)&#13;Acquisition of FCMPB&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;November 9, 2020, Afya Brazil acquired 100% of the share capital of FCMPB. The total net purchase price of R$379,913 was adjusted to&#13;Rincreased by R$ 142 and income before income taxes for 2020 would have been decreased by R$ 46.$378,807 and is comprised of (i) R$189,913&#13;paid in cash on the transaction closing date, and (ii) R$188,894 is payable in cash in four equal installments through 2024, adjusted&#13;by the CDI rate.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;FCMPB&#13;is a post-secondary education institution with government authorization to offer on-campus, undergraduate courses in medicine in the&#13;State of Para&amp;#237;ba and medical course represents 99% of its 2019&amp;#8217;s net revenue.The acquisition will contributed with 157 medical&#13;school seats&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;acquisition of FCMPB was accounted for under IFRS 3 &amp;#8211; Business Combinations.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Transaction&#13;costs to date amount to R$721 and were expensed and are included in general and administrative expenses in the consolidated statement&#13;of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;At&#13;the acquisition date, the fair value of the trade receivables acquired equals its carrying amount. Afya Brazil measured the acquired&#13;lease liabilities using the present value of the remaining lease payments at the date of acquisition. The right-of-use assets were measured&#13;at an amount equal to the lease liabilities and adjusted to reflect the unfavorable terms of the lease relative to market terms.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;preliminary goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized.&#13;Goodwill is allocated entirely to Business Unit 1 segment. The preliminary goodwill recognized is not expected to be deductible for income&#13;taxes purposes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company has not yet finalized the valuation of all identifiable assets acquired and liabilities assumed in the business combination of&#13;FCMPB and therefore some of these amounts are preliminary. These amounts may be adjusted when the valuations are finalized.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt/11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"&gt;&lt;font style="font: 10pt/83% Times New Roman, Times, Serif"&gt;&lt;b&gt;Licenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;With-and-without&#13;                                            method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two&#13;    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.&lt;/font&gt;&lt;/p&gt;&#13; 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   &lt;p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;From&#13;the date of acquisition, this business combination has contributed R$ 10.509 of net revenue and R$ 3.570 of income before income taxes&#13;to the Company. FCMPB was constituted through a spin-off recently in August, 2020 and there is no information before this period to be&#13;presented.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;5.2&#13;Acquisitions in 2019&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="font-size: 14pt; width: 52%; vertical-align: top; font-weight: bold; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 14pt; width: 15%; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Guardaya&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 14pt; width: 18%; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;FASA*&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 14pt; width: 15%; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;IPEMED**&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Cash&#13;    and cash and equivalents&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;1,548&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;3,834&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;307&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Restrict&#13;    cash&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;5,561&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Trade&#13;    receivables&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;44,277&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;1,832&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;8,965&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Inventories&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; 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text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Other&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;489&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;458&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;3,266&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; 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 &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Goodwill arising on acquisition&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;139,294&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;58,903&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; 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 &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;p style="font: bold 9pt/10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Analysis&#13;                                            of cash flows on acquisition:&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: bold 9pt/10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 7.1pt; line-height: 10pt; padding-right: 5.4pt; text-indent: -7.1pt"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Transaction&#13;    costs (included in cash flows from operating activities) &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(482)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(1,887)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(180)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 7.1pt; line-height: 10pt; padding-right: 5.4pt; text-indent: -7.1pt"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;Cash&#13;    paid net of cash acquired with the subsidiary (included in cash flows from investing activities)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;1,548&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(98,496)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;(51,932)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 7.1pt; line-height: 10pt; padding-right: 5.4pt; text-indent: -7.1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Net&#13;    of cash flow on acquisition&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1,066&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(100,383)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(52,112)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;*During&#13;the measurement period, the purchase consideration for the acquisition of FASA was adjusted by R$3,022 as a result of purchase price&#13;adjustments. Accordingly, goodwill was updated to R$58,903.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;**&#13;During the measurement period of the assets acquired and liabilities assumed at the fair value, the Company has identified R$1,320 of&#13;indemnification assets, related to the acquisition of IPEMED.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(a)&#13;Acquisition of Guardaya&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In&#13;connection with the corporate reorganization, on March 29, 2019, Afya Brazil merged (i) BR Health, a wholly-owned subsidiary of Crescera&#13;that controls Guardaya and is one of Afya Brazil's shareholders; and (ii) Guardaya which owns 100% of Medcel Editora and CBB Web, resulting&#13;in the transfer to Afya Brazil of 100% of Medcel Editora and CBB Web shares. In connection with the transaction 15% of UEPC's shares&#13;were acquired. Afya Brazil issued 378,696 common shares as a consideration for the interest in BR Health and Guardaya. The fair value&#13;of the consideration given was R$ 259,113. This transaction was strategic to the Company and was accounted for under IFRS 3 &amp;#8211; Business&#13;Combinations.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Transaction&#13;costs to date amount to R$ 482 and were expensed and are included in general and administrative expenses in the consolidated statement&#13;of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;goodwill recognized is primarily attributed to the expected synergies and other benefits arising from the transaction. The goodwill is&#13;not expected to be deductible for income tax purposes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;At&#13;the acquisition date, the fair value of the trade receivables acquired equals its carrying amount. Afya Brazil measured the acquired&#13;lease liabilities using the present value of the remaining lease payments at the date of acquisition. The right-of-use assets were measured&#13;at an amount equal to the lease liabilities and adjusted to reflect the unfavorable terms of the lease relative to market terms.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; background-color: white; font-size-adjust: none; font-stretch: normal; border-image: none; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="border: black 1pt solid; white-space: nowrap; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; text-align: center; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Trademark&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; vertical-align: bottom; border-image: none"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Relief-from-royalty&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by&#13;    the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the&#13;    appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-bottom: 5pt; padding-top: 12pt; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; vertical-align: bottom; border-image: none"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earning method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-bottom: 5pt; padding-top: 12pt; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Educational&#13;    content&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; vertical-align: bottom; border-image: none"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Replacement&#13;                                            cost&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;    methodology is based on the estimate of the cost of replacing the asset with a new one (acquisition or reconstruction), adjusted&#13;    to reflect the losses of value resulting from the physical deterioration and the economic functional obsolescence of the asset.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;This&#13;business combination contributed R$ 40,554 of net revenue and R$ 5,786 of income before income taxes to the Company in 2019. If the acquisition&#13;had taken place at the beginning of the period, net revenue for 2019 would have been R$ 75,238 and income before income taxes for 2019&#13;would have been R$ 21,924.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(b)&#13;Acquisition of FASA&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;April&amp;#160;3, 2019, Afya Brazil acquired control of FASA, through the acquisition of 90% of its shares. The purchase price of R$ 201,565&#13;is comprised by: i) R$ 102,330 paid in cash on the acquisition date; ii)&amp;#160;R$ 39,695 payable in April 2020; iii)&amp;#160;R$&amp;#160;29,770&#13;payable in April 2021; and iv)&amp;#160;R$&amp;#160;29,770 payable in April 2022, adjusted by the IPCA rate&amp;#160;+&amp;#160;4.1% per year. This transaction&#13;was strategic to the Company and was accounted for under IFRS 3 &amp;#8211; Business Combinations. There is no contingent consideration&#13;associated with the acquisition of FASA.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Transaction&#13;costs to date amount to R$ 1,887 and were expensed and are included in general and administrative expenses in the consolidated statement&#13;of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;At&#13;the acquisition date, the fair value of the trade receivables acquired equals its carrying amount. The Company measured the acquired&#13;lease liabilities using the present value of the remaining lease payments at the date of acquisition. The right-of-use assets were measured&#13;at an amount equal to the lease liabilities and adjusted to reflect the unfavorable terms of the lease relative to market terms.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized. None of&#13;the goodwill recognized is expected to be deductible for income taxes purposes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; background-color: white; font-size-adjust: none; font-stretch: normal; border-image: none; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="border: black 1pt solid; white-space: nowrap; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; text-align: center; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Licenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; vertical-align: bottom; border-image: none"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;With-and-without&#13;                                            method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two&#13;    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-bottom: 5pt; padding-top: 12pt; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; vertical-align: bottom; border-image: none"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earning method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;FASA&#13;contributed R$ 69,996 of net revenue and R$ 16,501 of income before income taxes to the Company in 2019. If the acquisition had taken&#13;place at the beginning of the period, net revenue for 2019 would have been R$ 90,063 and income before income taxes for 2019 would have&#13;been R$ 16,872.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(c)&#13;Acquisition of IPEMED&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;May&amp;#160;9, 2019, Afya Brazil acquired control of IPEMED, through the acquisition of 100% of its shares. IPEMED is a post-secondary education&#13;institution with campuses located in the states of Bahia, Minas Gerais, Rio de Janeiro, S&amp;#227;o Paulo and in the Distrito Federal. It&#13;focuses on medical graduate programs. The purchase price was R$ 97,542, being: i)&amp;#160;R$ 25,000 paid in cash as advance through April&#13;2019; ii)&amp;#160;R$ 27,239 paid in cash on the acquisition date; iii)&amp;#160;R$45,303 payable in five annual installments due from February&#13;2020 to February 2024 adjusted by the Interbank Certificates of Deposit ("CDI") rate. This transaction was strategic to the Company and&#13;was accounted for under IFRS 3 &amp;#8211; Business Combinations. There are no contingent consideration associated with the acquisition of&#13;IPEMED.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Transaction&#13;costs to date amount to R$ 180 and were expensed and are included in general and administrative expenses in the consolidated statement&#13;of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;acquisition was completed recently and the valuation of property and equipment will be finalized at a later date, and the final allocation&#13;of the purchase price is dependent on a number of factors, including the final evaluation of the fair values of tangible and intangible&#13;assets acquired and liabilities assumed as of the closing date of the transaction.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;At&#13;the acquisition date, the fair value of the trade receivables acquired equals its carrying amount. The Company measured the acquired&#13;lease liabilities using the present value of the remaining lease payments at the date of acquisition. The right-of- use assets were measured&#13;at an amount equal to the lease liabilities and adjusted to reflect the unfavorable terms of the lease relative to market terms.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized. None of&#13;the goodwill recognized is expected to be deductible for income taxes purposes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; background-color: white; font-size-adjust: none; font-stretch: normal; border-image: none; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="border: black 1pt solid; white-space: nowrap; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Intangible&#13;    assets acquired&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; text-align: center; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation&#13;    technique&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Trademark&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; vertical-align: bottom; border-image: none"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Relief-from-royalty&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by&#13;    the savings of royalties that the owner would have to own the asset. And it is necessary to determine a royalty rate that reflects&#13;    the appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-bottom: 5pt; padding-top: 12pt; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Customer&#13;    relationships&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border: black 1pt solid; vertical-align: bottom; border-image: none"&gt;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Multi-period&#13;                                            excess earning method&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;    method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows&#13;    related to contributory assets.&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;IPEMED&#13;contributed R$ 43,244 of net revenue and R$ 10,735 of income before income taxes to the Company in 2019. If the acquisition had taken&#13;place at the beginning of the period, net revenue for 2019 would have been R$ 67,594 and income before income taxes for 2019 would have&#13;been R$ 6,808.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfBusinessCombinationsExplanatory>
    <ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Significant accounting policies&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2.1&#13;Basis for preparation of the consolidated financial statements&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company&amp;#8217;s consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS)&#13;as issued by the International Accounting Standards Board (IASB).&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;consolidated financial statements have been prepared on a historical cost basis, except for derivative financial instruments that have&#13;been measured at fair value.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;corporate reorganization described in Note 1, occurred on July 7, 2019, was accounted for as a reorganization of entities under common&#13;control whereby Afya Limited was created as a holding company of Afya Brazil. As a result, the assets and liabilities of Afya Brazil&#13;is carried at historical cost and there was no step-up in basis or goodwill, or other intangible assets recorded as a result of the corporate&#13;reorganization.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;a result, the consolidated financial statements prepared by the Company subsequent to the completion of the reorganization are presented&#13;&amp;#8220;as if&amp;#8221; Afya Brazil is the predecessor of the Company. Accordingly, these consolidated financial statements reflect: (i)&#13;the historical operating results of Afya Brazil prior to the reorganization; (ii) the consolidated results of the Company and Afya Brazil&#13;following the reorganization; (iii) the assets and liabilities of Afya Brazil at their historical cost; and (iv) the Company&amp;#8217;s&#13;equity and earnings per share for all periods presented.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Afya&#13;Limited is a holding company, as such the primary source of revenue derives from its interest on the operational companies in Brazil.&#13;As result, the Brazilian Real has been assessed as the Company`s functional currency.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;consolidated financial statements are presented in Brazilian reais (&amp;#8220;BRL&amp;#8221; or &amp;#8220;R$&amp;#8221;), which is the Company&amp;#8217;s&#13;functional and presentation currency. All amounts are rounded to the nearest thousand.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;These&#13;consolidated financial statements as of and for the year ended December 31, 2020 were authorized for issue by the Board of Directors&#13;on April 30, 2021.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2.2&#13;Basis of consolidation&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;The table below&#13;list the Company&amp;#8217;s subsidiaries and associate:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Direct and indirect interest&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; vertical-align: top; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; width: 30%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Name&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; width: 18%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Principal activities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; width: 11%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Location&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; width: 11%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Investment type&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;December 31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;December 31, 2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;December 31, 2018&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Afya Participa&amp;#231;&amp;#245;es S.A. (Afya Brazil)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Holding&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Nova Lima - MG&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Subsidiary&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;100%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; 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padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;100%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Instituto Tocantinense Presidente Ant&amp;#244;nio Carlos S.A. &amp;#8211; (&amp;#8220;ITPAC Araguaina&amp;#8221;)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Undergraduate and graduate degree programs &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Aragua&amp;#237;na - TO&lt;/font&gt;&lt;/td&gt;&#13; 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text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;100%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;100%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;76%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;IPTAN - Instituto de Ensino Superior Presidente Tancredo de Almeida Neves S.A. (&amp;#8220;IPTAN&amp;#8221;)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Undergraduate and graduate degree programs&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;S&amp;#227;o Jo&amp;#227;o Del Rei - MG&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Subsidiary&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;100%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;100%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;100%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Instituto de Educa&amp;#231;&amp;#227;o Superior do Vale do Parna&amp;#237;ba S.A. 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(&amp;#8220;ESMC&amp;#8221;) and transferred the two FASA campuses&#13;located in the State of Minas Gerais, which do not offer medicine courses, to ESMC. This spin-off did not have an impact on the consolidated&#13;financial statements.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;**&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;See&#13;Note 5.1 for further details on the business combinations during 2020.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;***&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;CBBW&#13;was merged by Medcel on May 1, 2020.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;****&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;RD&#13;Administra&amp;#231;&amp;#227;o e Participa&amp;#231;&amp;#245;es Ltda was merged by Afya Brazil on December 15, 2020.&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 8pt/8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;The&#13;financial information of the acquired subsidiaries is included in the Company&amp;#8217;s consolidated financial statements beginning on&#13;the respective acquisition dates. &lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company consolidates the financial information for all entities it controls. Control is achieved when the Company is exposed to, or has&#13;rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over&#13;the investee. Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and it ceases when the Company&#13;loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are&#13;included in the consolidated financial statements from the date the Company gains control until the date the Company ceases to control&#13;the subsidiary.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;When&#13;necessary, adjustments are made to the financial statements of subsidiaries in order to bring their accounting policies in line with&#13;the Company&amp;#8217;s accounting policies. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to&#13;transactions are eliminated in full on consolidation.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;A&#13;change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction. If the Company&#13;loses control over a subsidiary, it derecognizes the related assets (including goodwill), liabilities, non-controlling interest and other&#13;components of equity, while any resulting gain or loss is recognized in the statement of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Non-controlling&#13;interests in the results and equity of subsidiaries are shown separately in the consolidated statements of financial position, consolidated&#13;statements of income and comprehensive income and consolidated statements of changes in equity.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2.3&#13;Summary of significant accounting policies&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;This&#13;note provides a description of the significant accounting policies adopted in the preparation of these consolidated financial statements&#13;in addition to other policies that have been disclosed in other notes to these consolidated financial statements. These policies have&#13;been consistently applied to all periods presented, except for the adoption of IFRS 16 as of January 1, 2019.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;accounting policies have been consistently applied to all consolidated companies.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;a)&#13;Business combinations and goodwill &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Business&#13;combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration&#13;transferred, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each&#13;business combination, the Company elects whether to measure the non-controlling interests in the acquiree at fair value or at the proportionate&#13;share of the acquiree&amp;#8217;s identifiable net assets. Acquisition-related costs are expensed as incurred and included in general and&#13;administrative expenses.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;When&#13;the Company acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation&#13;in accordance with the contractual terms, economic circumstances and pertinent conditions as of the acquisition date.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Goodwill&#13;is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling&#13;interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). If the fair value of the&#13;net assets acquired is in excess of the aggregate consideration transferred, the Company re-assesses whether it has correctly identified&#13;all of the assets acquired and all of the liabilities assumed and reviews the procedures used to measure the amounts to be recognized&#13;at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration&#13;transferred, then the gain is recognized in the consolidated statement of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;After&#13;initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill&#13;acquired in a business combination is, from the acquisition date, allocated to each of the Company&amp;#8217;s cash-generating units that&#13;are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquire are assigned to those&#13;units.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Where&#13;goodwill has been allocated to a cash-generating unit (CGU) and part of the operation within that unit is disposed of, the goodwill associated&#13;with the disposed operation is included in the carrying amount of the operation when determining the gain or loss on disposal. Goodwill&#13;disposed in these circumstances is measured based on the relative values of the disposed operation and the portion of the cash-generating&#13;unit retained.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;b)&#13;Current versus non-current classification&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company presents assets and liabilities in the statement of financial position based on current/non current classification. An asset&#13;is current when it is:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected to be realized or intended to be sold or consumed&#13;    in the normal operating cycle;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Held primarily for the purpose of trading;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expected to be realized within twelve months after&#13;    the reporting period; or&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash or cash equivalent unless restricted from being&#13;    exchanged or used to settle a liability for at least twelve months after the reporting period.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13; 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margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;It is expected to be settled in the normal operating&#13;    cycle;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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 &lt;/table&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;There is no unconditional right to defer the settlement&#13;    of the liability for at least twelve months after the reporting period.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company classifies all other liabilities as non-current.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Deferred&#13;tax assets and liabilities are classified as non-current assets and liabilities.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;c)&#13;Fair value measurement&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company measures derivative financial instruments at fair value at each balance sheet date as disclosed in Note 12.3.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Fair&#13;value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants&#13;at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the&#13;liability takes place either: (i) in the principal market for the asset or liability; or (ii) in the absence of a principal market, in&#13;the most advantageous market for the asset or liability.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;principal or the most advantageous market must be accessible by the Company.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or&#13;liability, assuming that market participants act in their economic best interest.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;A&#13;fair value measurement of a non-financial asset takes into account a market participant's ability to generate economic benefits by using&#13;the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best&#13;use.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair&#13;value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;All&#13;assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value&#13;hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Level 1 &amp;#8212; Quoted (unadjusted) market prices in&#13;    active markets for identical assets or liabilities.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Level 2 &amp;#8212; Valuation techniques for which the&#13;    lowest level input that is significant to the fair value measurement is directly or indirectly observable.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Level 3 &amp;#8212; Valuation techniques for which the&#13;    lowest level input that is significant to the fair value measurement is unobservable.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;assets and liabilities that are recognized in the financial statements at fair value on a recurring basis, the Company determines whether&#13;transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant&#13;to the fair value measurement as a whole) at the end of each reporting period.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;At&#13;each reporting date, the Company analyzes the movements in the values of assets and liabilities which are required to be remeasured or&#13;re-assessed as per the Company&amp;#8217;s accounting policies. For this analysis, the Company verifies the major inputs applied in the latest&#13;valuation by agreeing the information in the valuation computation to contracts and other relevant documents.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company also compares the change in the fair value of each asset and liability with relevant external sources to determine whether the&#13;change is reasonable.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of the nature, characteristics&#13;and risks of the asset or liability and the level of the fair value hierarchy, as explained above.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;d)&#13;Financial instruments &amp;#8211; initial recognition and measurement&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;A&#13;financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument&#13;of another entity.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-left: 14.2pt; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 14.15pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;i)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Financial assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Initial&#13;recognition and measurement&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;classification of financial assets at initial recognition depends on the financial asset&amp;#8217;s contractual cash flow characteristics&#13;and the Company&amp;#8217;s business model for managing them. With the exception of trade receivables that do not contain a significant financing&#13;component or for which the Company has applied the practical expedient, the Company initially measures a financial asset at its fair&#13;value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Trade receivables that do not&#13;contain a significant financing component or for which the Company has applied the practical expedient, are measured at the transaction&#13;price determined under IFRS 15.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In&#13;order for a financial asset to be classified and measured at amortized cost or fair value through OCI (Other Comprehensive Income), it&#13;needs to give rise to cash flows that are &amp;#8220;solely payments of principal and interest (SPPI)&amp;#8221; on the principal amount outstanding.&#13;This assessment is referred to as the SPPI test and is performed at an instrument level.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company&amp;#8217;s business model for managing financial assets refers to how it manages its financial assets in order to generate cash&#13;flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets,&#13;or both.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Purchases&#13;or sales of financial assets that require delivery of assets within a time frame established by regulation or convention in the market&#13;place (regular way trades) are recognized on the trade date, i.e., the date that the Company commits to purchase or sell the asset.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Subsequent&#13;measurement&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;purposes of subsequent measurement, financial assets are classified as: financial assets at amortized cost or financial assets at fair&#13;value through profit or loss. There is no financial assets designated as fair value through OCI.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Financial&#13;assets at amortized cost&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company measures financial assets at amortized cost if both of the following conditions are met:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8226;&#13;The financial asset is held within a business model with the objective to hold financial assets in order to collect contractual cash&#13;flows, and&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8226;&#13;The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest&#13;on the principal amount outstanding.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;assets at amortized cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and&#13;losses are recognized in the statement of income when the asset is derecognized, modified or impaired.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Financial&#13;assets at fair value through profit or loss&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition&#13;at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified&#13;as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated&#13;embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial&#13;assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit&#13;or loss, irrespective of the business model.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair&#13;value recognized in the statement of income. This category includes derivative instruments.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Derecognition&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;A&#13;financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized&#13;(i.e., removed from the Company&amp;#8217;s statement of financial position) when:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8226;&#13;The rights to receive cash flows from the asset have expired; or&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8226;&#13;The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows&#13;in full without material delay to a third party under a &amp;#8216;pass-through&amp;#8217; arrangement; and either (a) the Company has transferred&#13;substantially all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks&#13;and rewards of the asset, but has transferred control of the asset.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;When&#13;the Company has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates&#13;if, and to what extent, it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially&#13;all of the risks and rewards of the asset, nor transferred control of the asset, the Company continues to recognize the transferred asset&#13;to the extent of its continuing involvement. In that case, the Company also recognizes an associated liability. The transferred asset&#13;and the associated liability are measured on a basis that reflects the rights and obligations that the Company has retained.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Continuing&#13;involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of&#13;the asset and the maximum amount of consideration that the Company could be required to repay.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Impairment&#13;of financial assets&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Further&#13;disclosures relating to impairment of financial assets are also provided in the following notes:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8226;&#13;Significant accounting estimates and assumptions &amp;#8211; Note 3&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8226;&#13;Trade receivables &amp;#8211; Note 7&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company recognizes an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss.&#13;ECLs are based on the difference between the contractual cash flows due in accordance with the contract and the cash flows the Company&#13;expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash&#13;flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;trade receivables, the Company applies a simplified approach in calculating ECLs. Therefore, the Company does not track changes in credit&#13;risk, but instead recognizes an allowance for credit losses based on lifetime ECLs at each reporting date. The Company has established&#13;a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors&#13;and the economic environment.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company considers a financial asset to be in default when internal or external information indicates that the Company is unlikely to&#13;receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Company. A financial&#13;asset is written off when there is no reasonable expectation of recovering the contractual cash flows.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-left: 14.2pt; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 14.15pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;ii)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Financial liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Initial&#13;recognition and measurement&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings,&#13;payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;All&#13;financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable&#13;transaction costs.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company&amp;#8217;s financial liabilities include trade payables, loans and financing and accounts payable to selling shareholders.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; 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margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term. This category also&#13;includes derivative financial instruments entered into by the Company that are not designated as hedging instruments in hedge relationships&#13;as defined by IFRS 9. Gains or losses on liabilities held for trading are recognized in the statement of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;liabilities designated upon initial recognition at fair value through profit or loss are designated at the initial date of recognition,&#13;and only if the criteria in IFRS 9 are satisfied.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Loans&#13;and borrowings&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;After&#13;initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains and&#13;losses are recognized in the statement of income when the liabilities are derecognized as well as through the EIR amortization process.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Amortized&#13;cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR.&#13;The EIR amortization is included as finance expenses in the statement of income.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Derecognition&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;A&#13;financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an existing financial&#13;liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially&#13;modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability.&#13;The difference in the respective carrying amounts is recognized in the statement of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Offsetting&#13;of financial instruments&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financial&#13;assets and financial liabilities are offset and the net amount is reported in the statement of financial position if there is a currently&#13;enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, to realize the assets and&#13;settle the liabilities simultaneously.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;e)&#13;Derivative financial instruments&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company has derivative financial instruments related to cross-currency interest rate swaps in connection with a loan denominated in Euros.&#13;Such derivative financial instruments are initially recognized at fair value on the date on which a derivative contract is entered into&#13;and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair value is positive and as financial&#13;liabilities when the fair value is negative.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Any&#13;gains or losses arising from changes in the fair value of derivatives are recorded directly to finance result in the statement of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;f)&#13;Cash and cash equivalents&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash&#13;and cash equivalents in the statement of financial position comprise cash at banks and on hand, and short-term financial investments&#13;with an original maturity of three months or less, which are subject to an insignificant risk of changes in value.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term financial investments, as they are&#13;considered an integral part of the Company&amp;#8217;s cash management.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;g)&#13;Restricted cash&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Restricted&#13;cash in the statement of financial position comprise of financial investments in investment funds that serve as collateral for loan agreements&#13;and other commitments.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;h)&#13;Inventories&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Inventories&#13;are valued at the lower of cost and net realizable value. The costs of inventories are based on the average cost method and include costs&#13;incurred in the purchase of inventories and other costs incurred in bringing them to their current location and condition. Costs of purchased&#13;inventory are determined after deducting any discounts and recoverable taxes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;i)&#13;Property and equipment&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Property&#13;and equipment is stated at cost, net of accumulated depreciation and accumulated impairment losses, if any.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Subsequent&#13;expenditures are capitalized only if it is probable that the future economic benefits associated with the expenditure will flow to the&#13;Company.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Depreciation&#13;is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="width: 62%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Building&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 38%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;25&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Machinery&#13;    and equipment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Vehicles&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Furniture&#13;    and fixtures&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;IT&#13;    equipment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;5&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Library&#13;    books&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Laboratories&#13;    and clinics&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Leasehold&#13;    improvements&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20&#13;    years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;An&#13;item of property and equipment and any significant part initially recognized is derecognized upon disposal or when no future economic&#13;benefit is expected from its use or disposal. Any gain or loss arising on the derecognition of the asset (calculated as the difference&#13;between the net disposal proceeds and the carrying amount of the asset) is included in the statement of income when the asset is derecognized.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;residual values, useful lives and methods of depreciation of property and equipment are reviewed at each financial year end and adjusted&#13;prospectively, if appropriate.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;j)&#13;Leases&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Prior&#13;to the adoption of IFRS 16, the determination of whether an arrangement is (or contains) a lease was based on the substance of the arrangement&#13;at the inception of the lease. The arrangement is, or contains, a lease if fulfilment of the arrangement is dependent on the use of a&#13;specific asset (or assets) and the arrangement conveys a right to use the asset (or assets), even if that asset is (or those assets are)&#13;not explicitly specified in an arrangement.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;A&#13;lease was classified at the inception date as a finance lease or an operating lease. A lease that transfers substantially all the risks&#13;and rewards incidental to ownership to the Company was classified as a finance lease.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;An&#13;operating lease is a lease other than a finance lease. The Company did not have leases classified as finance lease. Operating lease payments&#13;were recognized as an operating expense in the statement of income on a straight-line basis over the lease term.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;from January 1, 2019, the determination of whether an arrangement is (or contains) a lease is based on the substance of the arrangement&#13;at the inception of the contract. The arrangement is, or contains, a lease if fulfilment of the arrangement is dependent on the use of&#13;a specific asset (or assets) and the arrangement conveys a right to use the asset (or assets), even if that asset is (or those assets&#13;are) not explicitly specified in an arrangement.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Company&#13;as a lessee&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets.&#13;The Company recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying&#13;assets.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Right-of-use&#13;assets&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use).&#13;Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement&#13;of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred,&#13;and lease payments made at or before the commencement date less any lease incentives received. Unless the Company is reasonably certain&#13;to obtain ownership of the leased asset at the end of the lease term, the recognized right-of-use assets are depreciated on a straight-line&#13;basis over the shorter of its estimated useful life and the lease term. Right-of use assets are subject to impairment.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Lease&#13;liabilities&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;At&#13;the commencement date of the lease, the Company recognizes lease liabilities measured at the present value of lease payments to be made&#13;over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable,&#13;variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease&#13;payments also include the exercise price of a purchase option reasonably certain to be exercised by the Company and payments of penalties&#13;for terminating a lease, if the lease term reflects the Company exercising the option to terminate. The variable lease payments that&#13;do not depend on an index or a rate are recognized as expense in the period on which the event or condition that triggers the payment&#13;occurs.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In&#13;calculating the present value of lease payments, the Company uses the incremental borrowing rate at the lease commencement date if the&#13;interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased&#13;to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is&#13;remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the&#13;assessment to purchase the underlying asset.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Short-term&#13;leases and leases of low-value assets&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company applies the short-term lease recognition exemption to its short-term leases of properties (i.e., those leases that have a lease&#13;term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets&#13;recognition exemption to leases that are considered of low value. Lease payments on short-term leases and leases of low-value assets&#13;are recognized as expense on a straight-line basis over the lease term.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;k)&#13;Intangible assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Intangible&#13;assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination&#13;is their fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated&#13;amortization and accumulated impairment losses. Internally generated intangibles are not capitalized and the related expenditure is reflected&#13;in the statement of income in the period in which the expenditure is incurred.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;useful lives of intangible assets are assessed as finite or indefinite.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Intangible&#13;assets with finite lives are amortized over the useful economic life and assessed for impairment whenever there is an indication that&#13;the intangible asset may be impaired.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at the end of&#13;each reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied&#13;in the asset are considered to modify the amortization period or method, as appropriate, and are treated as changes in accounting estimates.&#13;The amortization expense on intangible assets with finite lives is recognized in the statement of income in the expense category that&#13;is consistent with the function of the intangible assets.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Intangible&#13;assets with indefinite useful lives are not amortized, but are tested for impairment annually, either individually or at the cash-generating&#13;unit level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable.&#13;If not, the change in useful life from indefinite to finite is made on a prospective basis.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;An&#13;intangible asset is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or&#13;loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount&#13;of the asset) is included in the statement of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;l)&#13;Impairment of non-financial assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any indication exists, or&#13;when annual impairment testing for an asset is required, the Company estimates the asset&amp;#8217;s recoverable amount. An asset&amp;#8217;s&#13;recoverable amount is the higher of an asset&amp;#8217;s or CGU&amp;#8217;s fair value less costs of disposal and its value in use. The recoverable&#13;amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from&#13;other assets or groups of assets. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered&#13;impaired and is written down to its recoverable amount.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In&#13;assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects&#13;current market assessments of the time value of money and the risks specific to the asset. In determining fair value less costs of disposal,&#13;recent market transactions are taken into account. If no such transactions can be identified, an appropriate valuation model is used.&#13;These calculations are corroborated by valuation multiples, quoted share prices for publicly traded companies or other available fair&#13;value indicators.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company bases its impairment calculation on detailed budgets and forecast calculations, which are prepared separately for each of the&#13;Company&amp;#8217;s CGUs to which the individual assets are allocated. These budgets and forecast calculations generally cover a period of&#13;five years, considering the companies activities and maturation period of its graduate and undergraduate courses. A long-term growth&#13;rate is calculated and applied to project future cash flows after the last projected year.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;impairment testing, goodwill acquired through business combinations and licenses with indefinite useful lives are allocated to their&#13;respective CGUs. The Company has defined each of its operating subsidiaries as a CGU.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Whenever&#13;applicable, impairment losses of continuing operations are recognized in the statement of income in expense categories consistent with&#13;the function of the impaired asset.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For&#13;assets excluding goodwill, an assessment is made at each reporting date to determine whether there is an indication that previously recognized&#13;impairment losses no longer exist or have decreased. If such indication exists, the Company estimates the asset&amp;#8217;s or CGU&amp;#8217;s&#13;recoverable amount. A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine&#13;the asset&amp;#8217;s recoverable amount since the last impairment loss was recognized. The reversal is limited so that the carrying amount&#13;of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation,&#13;had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the statement of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Goodwill&#13;is tested for impairment annually as at December 31 and when circumstances indicate that the carrying value may be impaired.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Impairment&#13;is determined for goodwill by assessing the recoverable amount of each CGU (or group of CGUs) to which the goodwill relates. When the&#13;recoverable amount of the CGU is less than its carrying amount, an impairment loss is recognized. Impairment losses relating to goodwill&#13;cannot be reversed in future periods.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Intangible&#13;assets with indefinite useful lives are tested for impairment annually as at December 31 at the CGU level, as appropriate, and when circumstances&#13;indicate that the carrying value may be impaired.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;m)&#13;Investments&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Investments&#13;in associates are initially recognized at consideration transferred and adjusted thereafter for the equity method, being increased or&#13;reduced from its interest in the investee's income after the acquisition date. An associate is an entity over which the Company has significant&#13;influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee, but is&#13;not control or joint control over those policies.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;n)&#13;Accounts payable to selling shareholders&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;These&#13;amounts represent liabilities related to the acquisitions made by the Company which are not yet due. Accounts payable to selling shareholders&#13;are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognized initially&#13;at their fair value and subsequently measured at amortized cost using the effective interest method.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;o)&#13;Provisions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Provisions&#13;are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an&#13;outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the&#13;amount of the obligation. The expense relating to a provision is presented in the statement of income, net of any reimbursement, when&#13;applicable.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;p)&#13;Dividends payable&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company recognizes a liability to pay a dividend when the distribution is authorized and the distribution is no longer at the discretion&#13;of the Company. The distribution is authorized when it is required to pay a minimum dividend of the net income for the year in accordance&#13;with the Brazilian Corporate Law (applicable for Afya Brazil) and the Company&amp;#8217;s By-Laws or is approved by the shareholders. A corresponding&#13;amount is recognized directly in equity.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;q)&#13;Labor and social obligations&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Labor&#13;and social obligations are expensed as the related service is provided. A liability is recognized for the amount expected to be paid&#13;if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee&#13;and the obligation can be estimated reliably.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;r)&#13;Share-based payments&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Certain&#13;key executives of the Company receive remuneration in the form of share-based payments, whereby the executives render services as consideration&#13;for equity instruments (equity-settled transactions).&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;expense of equity-settled transactions is determined by the fair value at the date when the grant is made using an appropriate valuation&#13;model.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;That&#13;expense is recognized in general and administrative expenses, together with a corresponding increase in equity, over the period in which&#13;the service and, where applicable, the performance conditions are fulfilled (the vesting period). The cumulative expense recognized for&#13;equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired&#13;and the Company&amp;#8217;s best estimate of the number of equity instruments that will ultimately vest. The expense or credit in the statement&#13;of income for a period represents the movement in cumulative expense recognized as at the beginning and end of that period.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Service&#13;and non-market performance conditions are not taken into account when determining the grant date fair value of awards, but the likelihood&#13;of the conditions being met is assessed as part of the Company&amp;#8217;s best estimate of the number of equity instruments that will ultimately&#13;vest. Market performance conditions are reflected within the grant date fair value. Any other conditions attached to an award, but without&#13;an associated service requirement, are considered to be non-vesting conditions. Non-vesting conditions are reflected in the fair value&#13;of an award and lead to an immediate expensing of an award unless there are also service and/or performance conditions.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;No&#13;expense is recognized for awards that do not ultimately vest because non-market performance and/or service conditions have not been met.&#13;Where awards include a market or non-vesting condition, the transactions are treated as vested irrespective of whether the market or&#13;non-vesting condition is satisfied, provided that all other performance and/or service conditions are satisfied.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;When&#13;the terms of an equity-settled award are modified, the minimum expense recognized is the grant date fair value of the unmodified award,&#13;provided the original vesting terms of the award are met. An additional expense, measured as at the date of modification, is recognized&#13;for any modification that increases the total fair value of the share-based payment transaction, or is otherwise beneficial to the employee.&#13;Where an award is cancelled by the entity or by the counterparty, any remaining element of the fair value of the award is expensed immediately&#13;through the statement of income.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;s)&#13;Revenue from contracts with customers&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Tuition&#13;fees and other revenue&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company's revenue consists primarily of tuition fees charged for medical courses and other courses. The Company also generates revenue&#13;from tuition fees for other undergraduate courses, student fees, certain education-related activities and digital education content.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Revenues&#13;are recognized when services are rendered to the customer and the performance obligation is satisfied.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Revenue&#13;from tuitions, digital education content and mobile app subscription for digital medical content are recognized over time when services&#13;are rendered to the customer and the Company satisfies its performance obligation under the contract at an amount that reflects the consideration&#13;to which the Company expects to be entitled in exchange for those services. Revenues from tuitions are recognized net of scholarships&#13;and other discounts, refunds and taxes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&#13;revenues are recognized at a point in time when the service is rendered to the customer at an amount that reflects the consideration&#13;to which the Company expects to be entitled in exchange for the service. Other revenues are presented net of the corresponding discounts,&#13;returns and taxes.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Printed&#13;books and e-books revenue are transferred at point in time&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Revenue&#13;from sale of printed books and e-books are recognized at the point in time when control of the asset or services is transferred to the&#13;customer, generally on delivery of the goods at the customer&amp;#8217;s location and permission to access the digital content. The Company&#13;considers whether there are other promises in the contract that are separate performance obligations to which a portion of the transaction&#13;price needs to be allocated. In determining the transaction price for the printed books and e-books, the Company considers the effects&#13;of variable consideration, financing component, noncash consideration, and consideration payable to the customer to be not significant.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company has concluded that it is the principal in its revenue arrangements.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company assesses collectability on a portfolio basis prior to recording revenue. Generally, students cannot re-enroll for the next academic&#13;session without satisfactory resolution of any past-due amounts. If a student withdraws from an institution, the Company's obligation&#13;to issue a refund depends on the refund policy at that institution and the timing of the student's withdrawal. Generally, the refund&#13;obligations are reduced over the course of the academic term.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Trade&#13;receivables &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Trade&#13;receivables represent the Company&amp;#8217;s right to an amount of consideration that is unconditional (i.e., only the passage of time is&#13;required before payment of the consideration is due). Refer to accounting policies of financial assets in Financial instruments &amp;#8211;&#13;initial recognition and subsequent measurement.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Advances&#13;from customers&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Advances&#13;from customers (a contract liability) are the obligation to transfer services to a customer for which the Company has received consideration&#13;(or an amount of consideration is due) from the customer, as a result of pre-paid tuition, digital education content and mobile app subscription&#13;for digital medical content received from customers and is recognized separately in current liabilities, when the payment is received.&#13;Advances from customers are recognized as revenue when the Company performs all obligations related to the contract, generally in the&#13;following month.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;t)&#13;Taxes&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;The&#13;Company&amp;#8217;s subsidiaries joined the PROUNI (&lt;i&gt;Programa Universidade para Todos &amp;#8211; &lt;/i&gt;University for All Program) program,&#13;which is a federal program that exempts post-secondary institutions of some federal taxes in exchange for providing a certain number&#13;of student enrollment for low income students, and benefits from the exemption of the following federal taxes:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; 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margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;The&#13;regulation of PROUNI defines that the revenue from traditional and technological graduation activities is exempt from PIS and COFINS.&#13;For income from other teaching activities, PIS and COFINS are charged at rates of 0.65% and 3.00%, respectively, and for non-teaching&#13;activities, PIS is charged at a rate of 1.65% and to COFINS at 7.6%.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"&gt;&lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Current&#13;income taxes&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; 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The tax&#13;rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Management&#13;periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject&#13;to interpretation and establishes provisions where appropriate.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2.4&#13;Changes in accounting policies and disclosures&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;New&#13;standards, interpretations and amendments adopted by the Company&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Amendments&#13;to IFRS 16 Covid-19 Related Rent Concessions&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;May 28, 2020, the IASB issued Covid-19-Related Rent Concessions - amendment to IFRS 16 Leases. 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(&amp;#8220;UniSL&amp;#8221;) **&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Undergraduate and graduate degree programs &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Porto Velho - RO&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Subsidiary&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;100%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;PEBMED Institui&amp;#231;&amp;#227;o de Pesquisa M&amp;#233;dica e Servi&amp;#231;os Tecnol&amp;#243;gicos da &amp;#193;rea da Sa&amp;#250;de S.A. (&amp;#8220;PEBMED&amp;#8221;)**&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Content and clinical tools and online platform&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Rio de Janeiro &amp;#8211; RJ&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Subsidiary&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;100%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Centro Superior de Ci&amp;#234;ncias da Sa&amp;#250;de S/S Ltda. ("FCMPB")&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Undergraduate and graduate degree programs &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Jo&amp;#227;o Pessoa &amp;#8211; PB&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Subsidiary&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;100%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Faculdade de Ensino Superior da Amaz&amp;#244;nia Reunida &amp;#8211; (&amp;#8220;FESAR&amp;#8221;)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Undergraduate and graduate degree programs&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Reden&amp;#231;&amp;#227;o &amp;#8211; PA&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Subsidiary&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;100%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;MedPhone Tecnologia em Sa&amp;#250;de Ltda. (&amp;#8220;MedPhone&amp;#8221;)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Content and clinical tools and online platform&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Recife &amp;#8211; PE&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Subsidiary&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;100%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Uni&amp;#227;o Educacional do Planalto Central S.A. (&amp;#8220;UEPC&amp;#8221;) &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Undergraduate and graduate degree programs &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Bras&amp;#237;lia - DF&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;Associate&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;30%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;30%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 7pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: #212121"&gt;&lt;font style="background-color: white"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 8pt/8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;*&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;On&#13;January 1, 2020, Afya Brazil incorporated ESMC Educa&amp;#231;&amp;#227;o Superior Ltda. (&amp;#8220;ESMC&amp;#8221;) and transferred the two FASA campuses&#13;located in the State of Minas Gerais, which do not offer medicine courses, to ESMC. This spin-off did not have an impact on the consolidated&#13;financial statements.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;**&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;See&#13;Note 5.1 for further details on the business combinations during 2020.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;***&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;CBBW&#13;was merged by Medcel on May 1, 2020.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;****&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;RD&#13;Administra&amp;#231;&amp;#227;o e Participa&amp;#231;&amp;#245;es Ltda was merged by Afya Brazil on December 15, 2020.&lt;/font&gt;&lt;/p&gt;</afya:SummaryOfSubsidiariesJointVenturesAndJointOperationsTableTextBlock>
    <afya:SummaryOfSensitivityAnalysisEffectsOnIncomeStatementTableTextBlock contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;With all variables held constant, the Company&amp;#8217;s income before&#13;income taxes is affected through the impact on floating interest rate, as follows:&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="4" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Increase / decrease in basis points&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 40%; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Balance as of 12/31/2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;Index &amp;#8211; % per year&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;Base rate&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 6%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;+75&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 8%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;-75&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 8%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;+150&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 8%; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&lt;b&gt;-150&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Cash equivalents&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;916,790&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;90.95% CDI&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;15,843&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;6,876&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(6,876)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;13,752&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(13,752)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Restricted cash&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;2,053&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;76.10% CDI&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;30&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;15&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(15)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;31&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(31)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Loans and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(10,864)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;TJLP p.y.&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(494)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(81)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;81&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(163)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;163&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Loans and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(101,785)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1.65%+100%CDI&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(3,613)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(763)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;763&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(1,527)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,527&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Loans and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(504,365)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1.62%+CDI&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(17,754)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(3,783)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;3,783&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(7,565)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;7,565&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Accounts payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(447,848)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;CDI&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(8,510)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(3,359)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;3,359&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(6,718)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;6,718&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Accounts payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(70,356)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;IPCA+4.1%&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(2,894)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(528)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;528&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(1,055)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,055&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Notes payable&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(76,181)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;IPCA&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(1,028)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(571)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;571&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(1,143)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,143&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;</afya:SummaryOfSensitivityAnalysisEffectsOnIncomeStatementTableTextBlock>
    <afya:ScheduleOfFairValueMeasurementExplanaory contextRef="From2020-01-01to2020-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;The following table&#13;provides the fair value measurement hierarchy of the Company&amp;#8217;s assets and liabilities as of December 31, 2020 and 2019.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="4" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Fair value measurement&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 31%; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Quoted prices in active markets (Level 1)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Significant observable inputs (Level 2)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Significant unobservable inputs (Level 3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;December 31, 2020&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"&gt;Assets for which fair values&#13;    are disclosed&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Trade receivable (non-current)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;7,627&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;7,627&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Restricted Cash&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;2,053&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;2,053&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Liabilities for which fair values are disclosed&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Loans and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(637,723)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(637,723)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Lease liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(447,703)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(447,703)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Accounts payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(518,240)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(518,240)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Notes payable&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(76,181)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt/115% Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&lt;font style="font: 9pt/115% Arial, Helvetica, Sans-Serif"&gt;(76,181)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;- &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;December 31, 2019&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Liabilities measured at fair value:&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Derivative financial liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Cross-currency interest rate swaps&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(757)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(757)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Assets for which fair values are disclosed&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;Restricted cash&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;16,841&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;16,841&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Trade Receivable (non-current)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;9,801&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;9,801&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;-&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: 9pt Arial, Helvetica, Sans-Serif"&gt;Liabilities for which fair values are disclosed&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Loans and financing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(60,443)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(60,443)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Lease liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(284,515)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(284,515)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;Accounts payable to selling shareholders&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(300,237)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;(300,237)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"&gt;&lt;font style="font: normal 9pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"&gt;&lt;font style="font-weight: normal"&gt;&lt;/font&gt;&lt;/p&gt;</afya:ScheduleOfFairValueMeasurementExplanaory>
    <ifrs-full:WeightedAverageSharePrice2019 contextRef="From2021-01-30to2021-01-31_custom_ClassAOrdinarySharesMember_custom_EventsAfterReportingPeriodsMember_currency_USD" unitRef="BRLPShares" decimals="INF">22.51</ifrs-full:WeightedAverageSharePrice2019>
    <ifrs-full:WeightedAverageSharePrice2019 contextRef="From2021-01-30to2021-01-31_custom_ClassAOrdinarySharesMember_custom_EventsAfterReportingPeriodsMember" unitRef="BRLPShares" decimals="INF">124.15</ifrs-full:WeightedAverageSharePrice2019>
    <ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0px; color: #c00000; margin-top: 0px; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"&gt;&lt;font style="font: 11pt Arial, Helvetica, Sans-Serif"&gt;24&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Arial, Helvetica, Sans-Serif"&gt;Subsequent events&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"&gt;&lt;b&gt;a) Acquisition of&#13;iClinic&lt;/b&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;On October 9, 2020, Afya Brazil entered into an agreement for the acquisition&#13;of 100% of the share capital of iClinic (comprised by iClinic Participa&amp;#231;&amp;#245;es S.A., iClinic Desenvolvimento de Software Ltda. and&#13;Black River Brazil Participa&amp;#231;&amp;#245;es S.A.). iClinic is a SaaS model physician focused technology company and the leading medical&#13;practice management software in Brazil. iClinic empower doctors to be more independent and have more control over their careers by digitalizing&#13;their daily routine, so they can increase their productivity and deliver better healthcare services. With the acquisition of iClinic to&#13;our platform Afya will make another step to become the one stop shop for physicians in Brazil.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;The acquisition was concluded on January 21, 2021. The aggregate net&#13;purchase price is R$182,656: (i) 61.5% is payable in cash, and (ii) 38.5% is payable with Afya's shares on the transaction closing date.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;The acquisition date fair value of each major class of consideration,&#13;including the allocation of the purchase price has not been completed by the Company as of the issuance date of these financial statements.&#13;The impact on revenue and profit or loss of the combined entity for the current reporting period as if the acquisition date had been as&#13;of the beginning of the annual reporting period is not available as the Company did not conclude this acquisition by December 31, 2020.&#13;Therefore, these financial statements do not include this information. All the precedent conditions were satisfied and this acquisition&#13;was closed on January 21, 2021. The transaction costs to date amounted to R$ 421. Any goodwill generated in the transaction is not expected&#13;to be deductible for tax purposes.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"&gt;&lt;b&gt;b) Acquisition of&#13;Medicinae&lt;/b&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;On March 25, 2021, Afya Brazil concluded the acquisition of 100% of&#13;the total share capital of Medicinae Solutions S.A., a leading Brazilian healthcare technology company that specializes in healthcare&#13;payments and financial services.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;The acquisition will expand Afya&amp;#8217;s digital health services, as&#13;it offers a unique financial platform that allows healthcare professionals all over Brazil to manage receivables in an efficient and scalable&#13;way using FIDC (Receivables Investment Fund). Medicinae relieves a number of challenges in the healthcare payments industry, as reduces&#13;long payment cycles for professionals and consolidates financial information, improving the consumer financial experience.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"&gt;The aggregate purchase price is&amp;#160;R$ 5,600&#13;of which 100% was paid in cash on the transaction closing date. An earn-out of R$ 4,400 is payable in connection with product development&#13;goals for 2021 and revenue achievements for 2022.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;The acquisition date fair value of each major class of consideration,&#13;including the allocation of the purchase price has not been completed by the Company as of the issuance date of these financial statements.&#13;The impact on revenue and profit or loss of the combined entity for the current reporting period as if the acquisition date had been as&#13;of the beginning of the annual reporting period is not available as the Company did not conclude this acquisition by December 31, 2020.&#13;Therefore, these financial statements do not include this information. The transaction costs to date amounted to R$ 169. Any goodwill&#13;generated in the transaction is not expected to be deductible for tax purposes.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"&gt;&lt;b&gt;c) Acquisition of&#13;Medical Harbour &lt;/b&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;On April 8, 2021, Afya Brazil acquired 100% of the total share capital&#13;of Medical Harbour Aparelhos M&amp;#233;dico Hospitalares e Servi&amp;#231;os em Tecnologia Ltda. through its wholly-owned subsidiary Afya Brazil.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"&gt;Medical Harbour offers educational health and&#13;medical imaging solutions through an interactive platform for anatomical study, 3D virtual dissection and analysis of medical images,&#13;which allow the exploration, and knowledge of human anatomy with digital resources.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"&gt;The aggregate purchase price is&amp;#160;R$ 5,000&#13;of which 100% was paid in cash on the transaction closing date. An earn-out of R$ 9,000 is payable in connection with product development&#13;goals for 2021 and 2022 and revenue achievements for 2023.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"&gt;The acquisition date fair value of each major&#13;class of consideration, including the allocation of the purchase price has not been completed by the Company as of the issuance date of&#13;these financial statements. The impact on revenue and profit or loss of the combined entity for the current reporting period as if the&#13;acquisition date had been as of the beginning of the annual reporting period is not available as the Company did not conclude this acquisition&#13;by December 31, 2020. Therefore, these financial statements do not include this information. The transaction costs to date amounted to&#13;R$ 48. Any goodwill generated in the transaction is not expected to be deductible for tax purposes.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"&gt;&lt;b&gt;d) Acquisition of&#13;Cliquefarma&lt;/b&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;On April 16, 2021, Afya Brazil acquired 100% of the total share capital&#13;of Cliquefarma Drogarias Online Ltda., a healthtech company operating a free-to-use website that tracks prescription drugs, cosmetics&#13;and personal hygiene product prices in Brazil.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"&gt;Users of Cliquefarma can easily search for&#13;medications or healthcare products and compare prices from over 5,000 pharmacies in Brazi. The traffic generated is monetized through&#13;a cost-per-click model, where drugstores pay for each click on their advertisements.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"&gt;The aggregate purchase price is&amp;#160;R$ 19,165&#13;of which R$16,165 was paid in cash on the transaction closing date and R$3,000 was paid in Afya&amp;#8217;s stocks. An earn-out of R$ 3,000&#13;is payable in connection with product developments for 2021.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"&gt;The acquisition date fair value of each major&#13;class of consideration, including the allocation of the purchase price has not been completed by the Company as of the issuance date&#13;of these financial statements. The impact on revenue and profit or loss of the combined entity for the current reporting period as if&#13;the acquisition date had been as of the beginning of the annual reporting period is not available as the Company did not conclude this&#13;acquisition by December 31, 2020. Therefore, these financial statements do not include this information. The transaction costs to date&#13;amounted to R$ 22. Any goodwill generated in the transaction is not expected to be deductible for tax purposes.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"&gt;&lt;b&gt;e) Investment&#13;from the SoftBank Latin America Fund&lt;/b&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;On April 26, 2021, SoftBank Latin America Fund&amp;#160;(&amp;#8220;SoftBank&amp;#8221;)&#13;agreed to purchase&amp;#160;approximately R$822,000, equivalent to&amp;#160;US$150,000,&amp;#160;of Afya&amp;#8217;s Series A perpetual convertible preferred&#13;shares, subject to customary closing conditions.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;The key terms of the perpetual convertible preferred shares are: (i)&#13;6.5% per annum cumulative dividend payable quarterly and in Brazilian reais (payable in U.S. Dollar in Brazilian reais equivalent); (ii)&#13;SoftBank shall have the right at any time, to convert its Series A Preference Shares into 5,917,888 common shares, established at US$25.35;&#13;(iii) SoftBank shall have the right to redeem any time after the 5th year anniversary at 105% premium; and (iv) Afya will have the right&#13;to force conversion after the 3rd year anniversary if forced conversion trigger conditions are satisfied.&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;SoftBank and its affiliates&#13;will beneficially own approximately 8.4% of the total shares of the company (on an as-converted basis for the Series A perpetual convertible&#13;preferred shares).&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"&gt;&lt;b&gt;f) Share-based compensation &lt;/b&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial,sans-serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;In January 2021, 545,000 additional stock options were granted, with an exercise price&#13;of R$115 (in Brazilian Reais). These stock options will vest in five annual installments.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial,sans-serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;In March 2021, 65,000 additional stock options were granted, with an exercise price&#13;of R$105 (in Brazilian Reais). These stock options will vest in five annual installments.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial,sans-serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;In April 2021, 139,000 additional stock options were granted, with an exercise price&#13;of R$105 (in Brazilian Reais). These stock options will vest in five annual installments.&lt;/p&gt;</ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory>
    <afya:DescritionOfKeyTermsOfPerpetualConvertiblePreferredShares contextRef="From2021-04-26to2021-04-27_custom_EventsAfterReportingPeriodsMember_custom_SoftBankLatinAmericaFundMember_custom_SeriesAPerpetualConvertiblePreferredSharesMember"> - Entitled to receive 6.5% per annum cumulative dividend payable quarterly and in BRL (payable in USD in BRL equivalent);      - Softbank shall have the right at any time, to convert its Series A Preference Shares into 5,917,888 common shares, established at US$25.35 (20% premium in VWAP &#8211; US$21.12);      - Softbank shall have the right to redeem any time after the 5th year anniversary at 105% premium;      - Afya will have the right to force conversion after the 3rd year anniversary if forced conversion trigger conditions are satisfied.</afya:DescritionOfKeyTermsOfPerpetualConvertiblePreferredShares>
    <ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory contextRef="From2020-01-01to2020-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 0.5in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Segment information&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;a result of the corporate reorganization described in Note&amp;#160;1 which occurred on March&amp;#160;29, 2019, the Company has two reportable&#13;segments, as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; background-color: white; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 18pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Education Services Segment (Business Unit 1), which&#13;    provides educational services through undergraduate and graduate courses related to medicine, other health sciences and other undergraduate&#13;    programs; and&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; background-color: white; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%"&gt;&#13;  &lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 18pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#149;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Digital Content, Residency Preparatory and Specialization&#13;    Programs Segment (Business Unit 2), which provides digital and printed medical content services, including online courses for residency&#13;    preparatory, medical and other than medical post-graduate specialization programs and mobile app subscription for digital medical&#13;    content.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;No&#13;operating segments have been aggregated to form the above reportable operating segments. There is only one geographic region and the&#13;results are monitored and evaluated as a single business.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Segment&#13;information is presented consistently with the internal reports provided to the Company's Chief Executive Officer (CEO), which is the&#13;Chief Operating Decision Maker (CODM) and is responsible for allocating resources, assessing the performance of the Company's operating&#13;segments, and making the Company's strategic decisions.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;following table presents assets and liabilities information for the Company's operating segments as of December 31, 2020:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 29%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business&#13;    Unit 1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business&#13;    Unit 2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    reportable segments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Elimination&#13;    (inter-segment transactions) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of December 31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Total&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4,541,988&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;251,220&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4,793,208&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(115)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;4,793,093&#13;    &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Current&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,280,342&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;125,274&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,405,616&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(115)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,405,501&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Non-current&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,261,646&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;125,946&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,387,592&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;3,387,592&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    liabilities and equity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4,541,988&#13;    &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;251,220&#13;    &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4,793,208&#13;    &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;(115)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;4,793,093&#13;    &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;522,522&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;66,972&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;589,494&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;(115)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;589,379&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Non-current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,261,894&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;108,040&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,369,934&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;-&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,369,934&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Equity&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,757,572&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;76,208&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,833,780&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;-&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,833,780&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 31%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business&#13;    Unit 1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 11%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business&#13;    Unit 2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    reportable segments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Elimination&#13;    (inter-segment transactions)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of December 31, 2020&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Other&#13;    disclosures&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Investments&#13;    in associate&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;51,410&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;51,410&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;51,410&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Capital&#13;    expenditures (*)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;82,916&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;26,565&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;109,481&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;109,481&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;(*)&#13;Capital expenditures consider the acquisitions of property and equipment and intangible assets.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;The following table presents statements of income for the Company's&#13;operating segments for the year ended December 31, 2020:&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; width: 29%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Business Unit 1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Business Unit 2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Total reportable segments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Elimination (inter-segment transactions)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;External costumer&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,002,461&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;198,730&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,201,191&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;-&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,201,191 &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Inter-segment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,619&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,619&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(1,619)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Net revenue&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;1,002,461&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;200,349&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;1,202,810&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;(1,619)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;1,201,191&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Cost of services&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(381,964)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(54,309)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(436,273)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;1,619&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(434,654)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Gross profit&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;620,497&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;146,040&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;766,537&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;766,537&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;General and administrative expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(402,855)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Other expenses, net&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(347)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Operating profit&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;363,335&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Finance income&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;62,290&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Finance expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(98,269)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Share of income of associate&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;7,698&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Income before income taxes&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;335,054&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;Income taxes expense&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;(27,067)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;Net income&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 8pt Arial, Helvetica, Sans-Serif"&gt;&lt;b&gt;307,987&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;The following table presents assets and liabilities information for the Company's operating&#13;segments as of December 31, 2019:&lt;/p&gt;&#13;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 32%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 11%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business&#13;    Unit 1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 11%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Business&#13;    Unit 2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 15%; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    reportable segments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Elimination&#13;    (inter-segment transactions)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 15%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of December 31, 2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,714,161&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;199,285&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,913,446&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(993)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,912,453&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Current&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,026,857&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;85,901&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,112,758&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(993)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,111,765&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Non-current&#13;    assets&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,687,304&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;113,384&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,800,688&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,800,688&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    liabilities and equity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2,714,161&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;199,285&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;b&gt;2,913,446&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(993)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;b&gt;2,912,453&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;312,303&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;21,919&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;334,222&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(993)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;333,229&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Non-current&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;360,005&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;105,493&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;465,498&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;465,498&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Equity&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,041,853&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;71,873&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,113,726&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,113,726&#13;    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&#13;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 35%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unit&#13;    1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 10%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unit&#13;    2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 18%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    reportable segments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Elimination&#13;    (inter-segment transactions)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 8%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;As&#13;    of December 31, 2019&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Other&#13;    disclosures&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Investments&#13;    in associate&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;45,634&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;45,634&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;45,634&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Capital&#13;    expenditures (*)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;167,427&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;8,282&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;175,709&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;175,709&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;/table&gt;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif; background-color: white"&gt;(*)&#13;Capital expenditures consider the acquisitions of property and equipment and intangible assets, including the acquisition of IPEC licenses&#13;in the amount of R$ 108,000 (R$ 54,000 paid and included in the acquisition of intangible assets in the cash flows used in investing&#13;activities) as described in Note&amp;#160;11.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;following table presents statements of income for the Company's operating segments for the year ended December 31, 2019:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"&gt;&#13;  &lt;tr&gt;&#13;    &lt;td style="width: 40%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 10%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unit&#13;    1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unit&#13;    2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 11%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&#13;    reportable segments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Adjustments&#13;    and eliminations *&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;External&#13;    costumer&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;653,760&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;96,870&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;750,630&#13;    &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;750,630&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Inter-segment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,880&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,880&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,880)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Net&#13;    revenue&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;653,760&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;100,750&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;754,510&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(3,880)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;750,630&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cost&#13;    of services&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(279,066)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(33,667)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(312,733)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,880&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(308,853)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Gross&#13;    profit&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;374,694&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;67,083&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;441,777&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;441,777&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;General&#13;    and administrative expenses&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(239,120)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: rgb(213,234,234)"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&#13;    income, net&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,594&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;  &lt;tr style="background-color: white"&gt;&#13;    &lt;td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Operating&#13;    profit&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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      <link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="Foot-45_loc" xlink:to="Footnote-47" order="1" />
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-01" xml:lang="en-US">See Note 5.1 for further details on the business combinations during 2020.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-02" xml:lang="en-US">On January 1, 2020, Afya Brazil incorporated ESMC Educacao Superior Ltda. ("ESMC") and transferred the two FASA campuses located in the State of Minas Gerais, which do not offer medicine courses, to ESMC. This spin-off did not have an impact on the consolidated financial statements.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-03" xml:lang="en-US">CBBW was merged by Medcel on May 1, 2020.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-04" xml:lang="en-US">Capital expenditures consider the acquisitions of property and equipment and intangible assets.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-05" xml:lang="en-US">During the measurement period, the preliminary goodwill for the acquisition of UniRedentor was adjusted to R$77,662 (R$90,282 initial goodwill) as a result of an increase of intangible assets from R$134,281 to R$142,399 and a purchase price consideration adjustment of R$ 4,503.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-06" xml:lang="en-US">During the measurement period, the preliminary goodwill for the acquisition of UniSL was adjusted to R$4,422 (R$53,192 previously disclosed) as a result of (i) a purchase consideration decrease of R$7,816 and (ii) adjustments increasing intangible assets of R$ 40,961 and a decrease in property and equipment of R$7.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-07" xml:lang="en-US">During the measurement period, the purchase consideration for the acquisition of FASA was adjusted by R$3,022 as a result of purchase price adjustments. Accordingly, goodwill was updated to R$58,903.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-08" xml:lang="en-US">During the measurement period of the assets acquired and liabilities assumed at the fair value, the Company has identified R$1,320 of indemnification assets, related to the acquisition of IPEMED.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-09" xml:lang="en-US">Related to trade receivables from sales of printed books, e-books and medical courses through digital platform from Medcel.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-10" xml:lang="en-US">Related to trade receivables from mobile applications subscriptions for digital medical content.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-11" xml:lang="en-US">Refers to sales of educational content from Medcel to UEPC recorded in trade receivables</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-12" xml:lang="en-US">Amounts to be reimbursed by the shareholders to Afya Brazil, mainly related to payments of legal cost and advisory services recorded in other assets.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-13" xml:lang="en-US">On November 16, 2018, Afya Brazil entered into a euro-denominated loan agreement with Itau Unibanco S.A. in the amount of R$ 74,980 (equivalent to 17,500). The loan accrues interest at 1.01% per annum and is repayable in three equal installments on November 18, 2019, May 18, 2020 and November 12, 2020. The loan agreement contains a financial covenant requiring Afya Brazil to maintain a Net Debt to EBITDA ratio less or equal to: 2.2x at end of 2018 and 2019 and 1.8x at the end of 2020. The loan was guaranteed by financial investments, classified as restricted cash, in the amount of R$14,788 as of December 31, 2019. This loan was repaid on November 12, 2020.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-14" xml:lang="en-US">On July 23, 2019, Medcel entered into a loan of R$ 16,153 with Financiadora de Estudos e Projetos (FINEP), a governmental agency focused on financing investments on R&amp;D, which has an interest rate based on TJLP (Long term interest rate), 2019 and maturity in 2027. The first and second tranches of R$6,734 and R$4,130, respectively, were drawdown in October 2019 and December 2020, respectively, in order to develop the Medical web series and other digital content. There is no financial covenant related to this agreement. The loan is guaranteed by bank warranty in the amount of R$ 10,864.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-15" xml:lang="en-US">On May 5, 2020, as a result of the acquisition of UniSL, the Company assumed loans agreements BNDES which has an interest rate of 10.03% per year and maturity in 2024.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-16" xml:lang="en-US">On July 3, 2020, Afya Brazil entered into a loan agreement with Banco Votorantim S.A. in the amount of R$ 100,000 adjusted by the CDI rate plus an interest rate of 1.65% per year and is repayable at maturity on July 5, 2021.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-17" xml:lang="en-US">On October 1, 2020, Afya Brazil entered into a loan with Banco Itau Unibanco S.A. in the amount of R$ 500,000 adjusted by the CDI rate plus an interest rate of 1.62% per year and is repayable in three installments in October 2022, April 2023 and October 2023.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-18" xml:lang="en-US">On August 13, 2019, Afya Brazil acquired 100% of IPEC and R$54,000 was paid in cash on the transaction closing date, and (ii) R$54,000 is payable in two equal installments, adjusted by the CDI rate, and due annually at the end of the first and the second year from the transaction closing date.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-19" xml:lang="en-US">On May 30, 2018, Afya Brazil acquired 60% of CCSI and the amount payable is adjusted by the IGP-M inflation rate and was settled in December 2019.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-20" xml:lang="en-US">On November 27, 2018, Afya Brazil acquired 80% of IESP and the amounts of (i) R$8,906 is payable in February 2019, and (ii) R$106,200 is payable in three equal installments of R$35,400, each adjusted by the CDI rate through the payment date. The first installment was paid in November 2019 and the remaining two installments are due by the end of the second and third year from the transaction closing date.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-21" xml:lang="en-US">On December 5, 2018, Afya Brazil acquired 100% of FADEP and the amount of R$52,846 is payable in three equal installments of R$17,615, each adjusted by the SELIC rate through the payment date and due semiannually from the transaction closing date. The first installment was paid in June 2019, the second installment was paid in December 2019, and the last installment is due in June 2020.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-22" xml:lang="en-US">On April 3, 2019, Afya Brazil acquired 90% of FASA and R$ 39,695 is payable in April 2020; R$ 29,770 is payable in April 2021; and R$ 29,770 is payable in April 2022, adjusted by the IPCA rate + 4.1% per year.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-23" xml:lang="en-US">On May 9, 2019, Afya Brazil acquired 100% of IPEMED and R$ 45,303 is payable in five equal installments of R$ 9,061, adjusted by the CDI rate, and due annually in February 2020, 2021, 2022, 2023 and 2024.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-24" xml:lang="en-US">On April 3, 2019, Afya Brazil acquired 90% of FASA and R$ 39,695 was paid in April 2020, R$ 29,770 is payable in April 2021, and R$ 29,770 is payable in April 2022; each adjusted by the IPCA rate + 4.1% per year.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-25" xml:lang="en-US">On January 31, 2020, Afya Brazil acquired 100% of UniRedentor and R$ 114,607 was paid in cash on the transaction closing date, and the original amount of R$100,000 is payable in five equal installments from January 2021 through July 2024, adjusted by the CDI rate. The purchase consideration was adjusted by R$4,503 and such amount will be deducted from the first installment due in January 2021.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-26" xml:lang="en-US">On November 27, 2018, Afya Brazil acquired 80% of IESP and the amounts of (i) R$8,906 was paid in February 2019, and (ii) R$106,200 is payable in three equal installments of R$35,400, each adjusted by the CDI rate through the payment date. The first and second installments were paid in November 2019 and 2020, respectively, and the remaining installment is due by the end of the third year from the transaction closing date.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-27" xml:lang="en-US">On May 5, 2020, Afya Brazil acquired 100% of UniSL. The purchase consideration is R$201,521, of which: R$ 141,065 was paid in cash on the transaction closing date, and R$ 60,456 is payable in three equal installments through May 2023, adjusted by the CDI rate. The purchase consideration was adjusted by R$7,816 and such amount will be deducted from the first installment due in May 2021.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-28" xml:lang="en-US">On November 9, 2020, Afya Brazil acquired 100% of FCMPB. The net purchase price of R$379,913 was adjusted to R$378,807, of which: R$ 189,913 was paid in cash on the transaction closing date, and R$ 188,894 is payable in four installments through November 2024, adjusted by the CDI rate.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-29" xml:lang="en-US">On November 3, 2020, Afya Brazil acquired 100% of the share capital of FESAR. The aggregate purchase price was R$260,836, including the CDI rate adjustment from the singing and the real state of the operation, estimated at R$ 17,397, of which 100% was paid in cash on the closing of the operation. The purchase consideration was adjusted by R$1,569 and was paid on February 25, 2021.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-30" xml:lang="en-US">On November 4, 2020, Afya Brazil acquired 100% of the share capital of MedPhone. The net purchase price was R$6,373 of which 100% was paid in cash on the closing of the operation. The purchase consideration was adjusted by R$36 and was paid on February 2, 2021.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-31" xml:lang="en-US">See Note 12 for further details on the acquisition of assets related to licenses with indefinite useful life in 2019.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-32" xml:lang="en-US">See Note 5 for further details on the business combinations during 2019.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-33" xml:lang="en-US">See Note 17 for further details on the acquisition of minority interest during 2019.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-34" xml:lang="en-US">The number of common shares outstanding from Afya Brazil was retrospectively adjusted in the proportion of 1:28 due to the contribution of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya Brazil contributed to Afya, which did not result in changes on the arrangements of the plans.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-35" xml:lang="en-US">The strike price of the original plan was based in U.S. dollars.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-36" xml:lang="en-US">Considers the effects from the contribution of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya Brazil contributed to Afya.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-37" xml:lang="en-US">The Company adhered to PROUNI, established by Law 11,096 / 2005, which is a federal program that exempt companies of paying income taxes and social contribution.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-38" xml:lang="en-US">Brazilian tax law establishes that companies that generate gross revenues of up to R$ 78,000 in the prior fiscal year may calculate income taxes as a percentage of gross revenue, using the presumed profit income tax regime. The Company adopted this tax regime and the effect of the presumed profit of subsidiaries represents the difference between the taxation based on this method and the amount that would be due based on the statutory rate applied to the taxable profit of the subsidiaries.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-39" xml:lang="en-US">RD Administracao e Participacoes Ltda was merged by Afya Brazil on December 15, 2020.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-40" xml:lang="en-US">Refers to share services and corporate expenses provided by Afya Brazil to IPTAN and IESVAP for the periods prior to their acquisition on April 26, 2018 recorded in the consolidated statements of income.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-41" xml:lang="en-US">After the corporate reorganization described in Note 1, the options originally granted under the Guardayas plan granted on August 10, 2018 were remeasured at fair value and included in Afya Brazils plan with no changes to the previous terms and conditions other than the shares subject to such options granted and, consequently, the number of stock and exercise price of the shares as per the share exchange ratio applied on the corporate reorganization</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-42" xml:lang="en-US">These eliminations are related to sale transactions from Medcel to other entities in Business Unit 1.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-43" xml:lang="en-US">Capital expenditures consider the acquisitions of property and equipment and intangible assets, including the acquisition of IPEC licenses in the amount of R$ 108,000 (R$ 54,000 paid and included in the acquisition of intangible assets in the cash flows used in investing activities) as described in Note 11.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-44" xml:lang="en-US">The amount of R$4,030 added to goodwill relates to adjustments during the measurement period of the business combination of IESP in respect to amounts to be included as part of the purchase price allocation at acquisition date mainly related to impairment of receivables.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-45" xml:lang="en-US">On August 13, 2019, Afya Brazil entered into a purchase agreement with the shareholders of IPEC for the acquisition of 100% of IPEC. IPEC was a non-operational postsecondary education institution with governmental authorization to offer on-campus post-secondary undergraduate courses in medicine in the State of Para, that commenced its operation in September 2019. Prior to the acquisition date, IPEC has no significant assets and liabilities. The purchase price of R$ 108,000 is comprised of: i) R$ 54,000 paid in cash on the acquisition date ii) R$ 54,000 is payable in two equal instalments of R$ 27,000 payable annually from August 13, 2020 to August 13, 2021, and adjusted by the CDI rate. The instalment due in August 2020 was paid in the total amount of R$28,104.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-46" xml:lang="en-US">As mentioned in Note 1, the Company assessed, in connection with the social distancing requirements, whether it has satisfied all performance obligations of its contracts with customers, according to IFRS15, and concluded it was necessary to defer a portion of it's net revenues in the second semester of 2020. As result, R$2,361 of net revenue were deferred to the first semester of 2021 and recorded in advances from customers.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-47" xml:lang="en-US">The total amount of R$ 9,940 are related to legal proceedings attributed to the selling shareholders administration. The same amount was recorded as indemnification assets in the balance sheet in other assets.</link:footnote>
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	  <link:definition>00000059 - Disclosure - 5 Business combinations (Details 2)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/BusinessCombinationsDetails3" id="BusinessCombinationsDetails3">
	  <link:definition>00000060 - Disclosure - 5 Business combinations (Details 3)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/BusinessCombinationsDetails4" id="BusinessCombinationsDetails4">
	  <link:definition>00000061 - Disclosure - 5 Business combinations (Details 4)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/BusinessCombinationsDetails5" id="BusinessCombinationsDetails5">
	  <link:definition>00000062 - Disclosure - 5 Business combinations (Details 5)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/BusinessCombinationsDetails6" id="BusinessCombinationsDetails6">
	  <link:definition>00000063 - Disclosure - 5 Business combinations (Details 6)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/BusinessCombinationsDetails7" id="BusinessCombinationsDetails7">
	  <link:definition>00000064 - Disclosure - 5 Business combinations (Details 7)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/BusinessCombinationsDetails8" id="BusinessCombinationsDetails8">
	  <link:definition>00000065 - Disclosure - 5 Business combinations (Details 8)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/BusinessCombinationsDetails9" id="BusinessCombinationsDetails9">
	  <link:definition>00000066 - Disclosure - 5 Business combinations (Details 9)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/BusinessCombinationsDetails10" id="BusinessCombinationsDetails10">
	  <link:definition>00000067 - Disclosure - 5 Business combinations (Details 10)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/BusinessCombinationsDetailsNarrative" id="BusinessCombinationsDetailsNarrative">
	  <link:definition>00000068 - Disclosure - 5 Business combinations (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/CashAndCashEquivalentsDetails" id="CashAndCashEquivalentsDetails">
	  <link:definition>00000069 - Disclosure - 6 Cash and cash equivalents (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/CashAndCashEquivalentsDetailsNarrative" id="CashAndCashEquivalentsDetailsNarrative">
	  <link:definition>00000070 - Disclosure - 6 Cash and cash equivalents (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/TradeReceivablesDetails" id="TradeReceivablesDetails">
	  <link:definition>00000071 - Disclosure - 7 Trade receivables (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/TradeReceivablesDetails1" id="TradeReceivablesDetails1">
	  <link:definition>00000072 - Disclosure - 7 Trade receivables (Details 1)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/TradeReceivablesDetails2" id="TradeReceivablesDetails2">
	  <link:definition>00000073 - Disclosure - 7 Trade receivables (Details 2)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/RelatedPartiesDetails" id="RelatedPartiesDetails">
	  <link:definition>00000074 - Disclosure - 8 Related parties (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/RelatedPartiesDetails1" id="RelatedPartiesDetails1">
	  <link:definition>00000075 - Disclosure - 8 Related parties (Details 1)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/RelatedPartiesDetailsNarrative" id="RelatedPartiesDetailsNarrative">
	  <link:definition>00000076 - Disclosure - 8 Related parties (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/InvestmentInAssociateDetails" id="InvestmentInAssociateDetails">
	  <link:definition>00000077 - Disclosure - 9 Investment in associate (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/PropertyAndEquipmentDetails" id="PropertyAndEquipmentDetails">
	  <link:definition>00000078 - Disclosure - 10 Property and equipment (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/IntangibleAssetsAndGoodwillDetails" id="IntangibleAssetsAndGoodwillDetails">
	  <link:definition>00000079 - Disclosure - 11 Intangible assets and goodwill (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/IntangibleAssetsAndGoodwillDetails1" id="IntangibleAssetsAndGoodwillDetails1">
	  <link:definition>00000080 - Disclosure - 11 Intangible assets and goodwill (Details 1)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/IntangibleAssetsAndGoodwillDetails2" id="IntangibleAssetsAndGoodwillDetails2">
	  <link:definition>00000081 - Disclosure - 11 Intangible assets and goodwill (Details 2)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/IntangibleAssetsAndGoodwillDetailsNarrative" id="IntangibleAssetsAndGoodwillDetailsNarrative">
	  <link:definition>00000082 - Disclosure - 11 Intangible assets and goodwill (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FinancialAssetsAndFinancialLiabilitiesDetails" id="FinancialAssetsAndFinancialLiabilitiesDetails">
	  <link:definition>00000083 - Disclosure - 12 Financial assets and financial liabilities (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FinancialAssetsAndFinancialLiabilitiesDetails1" id="FinancialAssetsAndFinancialLiabilitiesDetails1">
	  <link:definition>00000084 - Disclosure - 12 Financial assets and financial liabilities (Details 1)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FinancialAssetsAndFinancialLiabilitiesDetails2" id="FinancialAssetsAndFinancialLiabilitiesDetails2">
	  <link:definition>00000085 - Disclosure - 12 Financial assets and financial liabilities (Details 2)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FinancialAssetsAndFinancialLiabilitiesDetails3" id="FinancialAssetsAndFinancialLiabilitiesDetails3">
	  <link:definition>00000086 - Disclosure - 12 Financial assets and financial liabilities (Details 3)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FinancialAssetsAndFinancialLiabilitiesDetails4" id="FinancialAssetsAndFinancialLiabilitiesDetails4">
	  <link:definition>00000087 - Disclosure - 12 Financial assets and financial liabilities (Details 4)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FinancialAssetsAndFinancialLiabilitiesDetails5" id="FinancialAssetsAndFinancialLiabilitiesDetails5">
	  <link:definition>00000088 - Disclosure - 12 Financial assets and financial liabilities (Details 5)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FinancialAssetsAndFinancialLiabilitiesDetails6" id="FinancialAssetsAndFinancialLiabilitiesDetails6">
	  <link:definition>00000089 - Disclosure - 12 Financial assets and financial liabilities (Details 6)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FinancialAssetsAndFinancialLiabilitiesDetails7" id="FinancialAssetsAndFinancialLiabilitiesDetails7">
	  <link:definition>00000090 - Disclosure - 12 Financial assets and financial liabilities (Details 7)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FinancialAssetsAndFinancialLiabilitiesDetails8" id="FinancialAssetsAndFinancialLiabilitiesDetails8">
	  <link:definition>00000091 - Disclosure - 12 Financial assets and financial liabilities (Details 8)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FinancialAssetsAndFinancialLiabilitiesDetails9" id="FinancialAssetsAndFinancialLiabilitiesDetails9">
	  <link:definition>00000092 - Disclosure - 12 Financial assets and financial liabilities (Details 9)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FinancialAssetsAndFinancialLiabilitiesDetails10" id="FinancialAssetsAndFinancialLiabilitiesDetails10">
	  <link:definition>00000093 - Disclosure - 12 Financial assets and financial liabilities (Details 10)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FinancialAssetsAndFinancialLiabilitiesDetails11" id="FinancialAssetsAndFinancialLiabilitiesDetails11">
	  <link:definition>00000094 - Disclosure - 12 Financial assets and financial liabilities (Details 11)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FinancialAssetsAndFinancialLiabilitiesDetails12" id="FinancialAssetsAndFinancialLiabilitiesDetails12">
	  <link:definition>00000095 - Disclosure - 12 Financial assets and financial liabilities (Details 12)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FinancialAssetsAndFinancialLiabilitiesDetailsNarrative" id="FinancialAssetsAndFinancialLiabilitiesDetailsNarrative">
	  <link:definition>00000096 - Disclosure - 12 Financial assets and financial liabilities (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://afya.com.br/role/FairValueMeasurementDetails" id="FairValueMeasurementDetails">
	  <link:definition>00000097 - Disclosure - 13 Fair value measurement (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/CapitalManagementDetails" id="CapitalManagementDetails">
	  <link:definition>00000098 - Disclosure - 14 Capital management (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/LaborAndSocialObligationsDetails" id="LaborAndSocialObligationsDetails">
	  <link:definition>00000099 - Disclosure - 15 Labor and social obligations (Details)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	  <link:definition>00000100 - Disclosure - 15 Labor and social obligations (Details 1)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/LaborAndSocialObligationsDetails2" id="LaborAndSocialObligationsDetails2">
	  <link:definition>00000101 - Disclosure - 15 Labor and social obligations (Details 2)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/LaborAndSocialObligationsDetails3" id="LaborAndSocialObligationsDetails3">
	  <link:definition>00000102 - Disclosure - 15 Labor and social obligations (Details 3)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/LaborAndSocialObligationsDetails4" id="LaborAndSocialObligationsDetails4">
	  <link:definition>00000103 - Disclosure - 15 Labor and social obligations (Details 4)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/LaborAndSocialObligationsDetails5" id="LaborAndSocialObligationsDetails5">
	  <link:definition>00000104 - Disclosure - 15 Labor and social obligations (Details 5)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/LaborAndSocialObligationsDetailsNarrative" id="LaborAndSocialObligationsDetailsNarrative">
	  <link:definition>00000105 - Disclosure - 15 Labor and social obligations (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	  <link:definition>00000108 - Disclosure - 18 Revenue (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
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	  <link:definition>00000111 - Disclosure - 20 Finance result (Details)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/IncomeTaxesDetailsNarrative" id="IncomeTaxesDetailsNarrative">
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	  <link:usedOn>link:calculationLink</link:usedOn>
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	<link:roleType roleURI="http://afya.com.br/role/InsuranceContractsAndContingenciesDetails" id="InsuranceContractsAndContingenciesDetails">
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
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      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_UniaoEducacionalDoPlanaltoCentralSAMember" xlink:label="afya_UniaoEducacionalDoPlanaltoCentralSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UniaoEducacionalDoPlanaltoCentralSAMember" xlink:to="afya_UniaoEducacionalDoPlanaltoCentralSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_UniaoEducacionalDoPlanaltoCentralSAMember_lbl" xml:lang="en-US">Uniao educacional do planalto central s.a. ("UEPC") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_GuardayaEmpreendimentosAndParticipacoesSAMember" xlink:label="afya_GuardayaEmpreendimentosAndParticipacoesSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_GuardayaEmpreendimentosAndParticipacoesSAMember" xlink:to="afya_GuardayaEmpreendimentosAndParticipacoesSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_GuardayaEmpreendimentosAndParticipacoesSAMember_lbl" xml:lang="en-US">Guardaya empreendimentos and participacoes s.a. ("guardaya") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_MedcelEditoraAndCBBWebMember" xlink:label="afya_MedcelEditoraAndCBBWebMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedcelEditoraAndCBBWebMember" xlink:to="afya_MedcelEditoraAndCBBWebMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_MedcelEditoraAndCBBWebMember_lbl" xml:lang="en-US">Medcel editora and CBB web [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_OverAllotmentsMember" xlink:label="afya_OverAllotmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OverAllotmentsMember" xlink:to="afya_OverAllotmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_OverAllotmentsMember_lbl" xml:lang="en-US">Over allotments [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OrdinarySharesMember" xlink:label="ifrs-full_OrdinarySharesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OrdinarySharesMember" xlink:to="ifrs-full_OrdinarySharesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OrdinarySharesMember_lbl" xml:lang="en-US">Common shares [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_UniaoEducacionalDoPlanaltoCentralSAUEPCMember" xlink:label="afya_UniaoEducacionalDoPlanaltoCentralSAUEPCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UniaoEducacionalDoPlanaltoCentralSAUEPCMember" xlink:to="afya_UniaoEducacionalDoPlanaltoCentralSAUEPCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_UniaoEducacionalDoPlanaltoCentralSAUEPCMember_lbl" xml:lang="en-US">Uniao educacional do planalto central s.a. ("UEPC") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InstitutoEducacionalSantoAgostinhoSAMember" xlink:label="afya_InstitutoEducacionalSantoAgostinhoSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoEducacionalSantoAgostinhoSAMember" xlink:to="afya_InstitutoEducacionalSantoAgostinhoSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InstitutoEducacionalSantoAgostinhoSAMember_lbl" xml:lang="en-US">Instituto educacional santo agostinho s.a. ("FASA") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BusinessCombinationsAxis" xlink:label="ifrs-full_BusinessCombinationsAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BusinessCombinationsAxis" xlink:to="ifrs-full_BusinessCombinationsAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BusinessCombinationsAxis_lbl" xml:lang="en-US">Business combinations [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SociedadeUniversitariaRedentorSAUniRedentorMember" xlink:label="afya_SociedadeUniversitariaRedentorSAUniRedentorMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SociedadeUniversitariaRedentorSAUniRedentorMember" xlink:to="afya_SociedadeUniversitariaRedentorSAUniRedentorMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SociedadeUniversitariaRedentorSAUniRedentorMember_lbl" xml:lang="en-US">Sociedade universitaria redentor s.a. (uniredentor) [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CentroUniversitarioSaoLucasLtdaMember" xlink:label="afya_CentroUniversitarioSaoLucasLtdaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CentroUniversitarioSaoLucasLtdaMember" xlink:to="afya_CentroUniversitarioSaoLucasLtdaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CentroUniversitarioSaoLucasLtdaMember_lbl" xml:lang="en-US">Centro Universitario Sao Lucas Ltda ("UniSL") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InstituicaoDePesquisaMedicaServicosTecnologicosDaAreaDaSaudeSAMember" xlink:label="afya_InstituicaoDePesquisaMedicaServicosTecnologicosDaAreaDaSaudeSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstituicaoDePesquisaMedicaServicosTecnologicosDaAreaDaSaudeSAMember" xlink:to="afya_InstituicaoDePesquisaMedicaServicosTecnologicosDaAreaDaSaudeSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InstituicaoDePesquisaMedicaServicosTecnologicosDaAreaDaSaudeSAMember_lbl" xml:lang="en-US">Instituicao de pesquisa medica e servicos tecnologicos da area da saude s.a. ("PEBMED") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember" xlink:label="afya_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember" xlink:to="afya_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember_lbl" xml:lang="en-US">Faculdade de Ensino Superior da Amazonia Reunida ("FESAR") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FaculdadeDeCienciasMedicasDaParaibaMember" xlink:label="afya_FaculdadeDeCienciasMedicasDaParaibaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FaculdadeDeCienciasMedicasDaParaibaMember" xlink:to="afya_FaculdadeDeCienciasMedicasDaParaibaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_FaculdadeDeCienciasMedicasDaParaibaMember_lbl" xml:lang="en-US">Faculdade de Ciencias Medicas da Paraiba ("FCMPB") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="ifrs-full_ComponentsOfEquityAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfEquityAxis" xlink:to="ifrs-full_ComponentsOfEquityAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfEquityAxis_lbl" xml:lang="en-US">Components of equity [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapitalMember" xlink:label="ifrs-full_IssuedCapitalMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapitalMember" xlink:to="ifrs-full_IssuedCapitalMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssuedCapitalMember_lbl" xml:lang="en-US">Share capital [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionalPaidinCapitalMember" xlink:label="ifrs-full_AdditionalPaidinCapitalMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionalPaidinCapitalMember" xlink:to="ifrs-full_AdditionalPaidinCapitalMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionalPaidinCapitalMember_lbl" xml:lang="en-US">Additional paid-in capital [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfSharebasedPaymentsMember" xlink:label="ifrs-full_ReserveOfSharebasedPaymentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfSharebasedPaymentsMember" xlink:to="ifrs-full_ReserveOfSharebasedPaymentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfSharebasedPaymentsMember_lbl" xml:lang="en-US">Share-based compensation reserve [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherReservesMember" xlink:label="ifrs-full_OtherReservesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReservesMember" xlink:to="ifrs-full_OtherReservesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherReservesMember_lbl" xml:lang="en-US">Legal reserve [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RetainedEarningsReserveMember" xlink:label="afya_RetainedEarningsReserveMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RetainedEarningsReserveMember" xlink:to="afya_RetainedEarningsReserveMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RetainedEarningsReserveMember_lbl" xml:lang="en-US">Retained earnings reserve [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RetainedEarningsMember" xlink:label="ifrs-full_RetainedEarningsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarningsMember" xlink:to="ifrs-full_RetainedEarningsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarningsMember_lbl" xml:lang="en-US">Retained earnings [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:to="ifrs-full_EquityAttributableToOwnersOfParentMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember_lbl" xml:lang="en-US">Total [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterestsMember" xlink:label="ifrs-full_NoncontrollingInterestsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterestsMember" xlink:to="ifrs-full_NoncontrollingInterestsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncontrollingInterestsMember_lbl" xml:lang="en-US">Non-controlling interests [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SociedadeUniversitariaRedentorSAUniRedentorMember" xlink:to="afya_SociedadeUniversitariaRedentorSAUniRedentorMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_SociedadeUniversitariaRedentorSAUniRedentorMember_2_lbl" xml:lang="en-US">Sociedade universitaria redentor s.a. ("uniredentor") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ESMCEducacaoSuperiorLtdaMember" xlink:label="afya_ESMCEducacaoSuperiorLtdaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ESMCEducacaoSuperiorLtdaMember" xlink:to="afya_ESMCEducacaoSuperiorLtdaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ESMCEducacaoSuperiorLtdaMember_lbl" xml:lang="en-US">ESMC educacao superior ltda [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_MedcelEditoraEEventosSAMember" xlink:label="afya_MedcelEditoraEEventosSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedcelEditoraEEventosSAMember" xlink:to="afya_MedcelEditoraEEventosSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_MedcelEditoraEEventosSAMember_lbl" xml:lang="en-US">Medcel editora e eventos s.a. ("MEDCEL") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CBBWebServicosETransmissoesOnlineSAMember" xlink:label="afya_CBBWebServicosETransmissoesOnlineSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CBBWebServicosETransmissoesOnlineSAMember" xlink:to="afya_CBBWebServicosETransmissoesOnlineSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CBBWebServicosETransmissoesOnlineSAMember_lbl" xml:lang="en-US">CBB web servicos e transmissoes online s.a. ("CBBW") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RDAdministracaoEParticipacoesLtdaMember" xlink:label="afya_RDAdministracaoEParticipacoesLtdaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RDAdministracaoEParticipacoesLtdaMember" xlink:to="afya_RDAdministracaoEParticipacoesLtdaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RDAdministracaoEParticipacoesLtdaMember_lbl" xml:lang="en-US">RD administracao e participacoes ltda. [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CentroDeCienciasEmSaudeDeItajubaSAMember" xlink:label="afya_CentroDeCienciasEmSaudeDeItajubaSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CentroDeCienciasEmSaudeDeItajubaSAMember" xlink:to="afya_CentroDeCienciasEmSaudeDeItajubaSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CentroDeCienciasEmSaudeDeItajubaSAMember_lbl" xml:lang="en-US">Centro de ciencias em saude de itajuba s.a. ("CCSI") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember" xlink:label="afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember" xlink:to="afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember_lbl" xml:lang="en-US">Instituto de ensino superior do piaui s.a. ("IESP") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember" xlink:label="afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember" xlink:to="afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember_lbl" xml:lang="en-US">FADEP - faculdade educacional de pato branco ltda. ("FADEP") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember" xlink:label="afya_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember" xlink:to="afya_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember_lbl" xml:lang="en-US">Instituto de educacao superior do vale do parnaiba s.a. ("IESVAP") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember" xlink:label="afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember" xlink:to="afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember_lbl" xml:lang="en-US">Instituto de pesquisa e ensino medico do estado de minas gerais ltda. ("IPEMED") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InstitutoParaensedeEducacaoeCulturaLtdaMember" xlink:label="afya_InstitutoParaensedeEducacaoeCulturaLtdaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoParaensedeEducacaoeCulturaLtdaMember" xlink:to="afya_InstitutoParaensedeEducacaoeCulturaLtdaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InstitutoParaensedeEducacaoeCulturaLtdaMember_lbl" xml:lang="en-US">Instituto paraense de educacao e cultura ltda. (IPEC) [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:to="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl" xml:lang="en-US">Associates [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_UniaoEducacionalDoValeDoAcoSAUNIVACOMember" xlink:label="afya_UniaoEducacionalDoValeDoAcoSAUNIVACOMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UniaoEducacionalDoValeDoAcoSAUNIVACOMember" xlink:to="afya_UniaoEducacionalDoValeDoAcoSAUNIVACOMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_UniaoEducacionalDoValeDoAcoSAUNIVACOMember_lbl" xml:lang="en-US">Uniao educacional do vale do aco s.a. - UNIVACO [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InstitutoTocantinensePresidenteAntonioCarlosSAITPACAraguainaMember" xlink:label="afya_InstitutoTocantinensePresidenteAntonioCarlosSAITPACAraguainaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoTocantinensePresidenteAntonioCarlosSAITPACAraguainaMember" xlink:to="afya_InstitutoTocantinensePresidenteAntonioCarlosSAITPACAraguainaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InstitutoTocantinensePresidenteAntonioCarlosSAITPACAraguainaMember_lbl" xml:lang="en-US">Instituto tocantinense presidente antonio carlos s.a. - ITPAC araguaina [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember" xlink:label="afya_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember" xlink:to="afya_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember_lbl" xml:lang="en-US">IPTAN - instituto de ensino superior presidente trancredo de almeida neves s.a. ("IPTAN") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InstitutoTocantinensePresidenteAntonioCarlosPortoSAItpacPortoNacionalMember" xlink:label="afya_InstitutoTocantinensePresidenteAntonioCarlosPortoSAItpacPortoNacionalMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoTocantinensePresidenteAntonioCarlosPortoSAItpacPortoNacionalMember" xlink:to="afya_InstitutoTocantinensePresidenteAntonioCarlosPortoSAItpacPortoNacionalMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InstitutoTocantinensePresidenteAntonioCarlosPortoSAItpacPortoNacionalMember_lbl" xml:lang="en-US">Instituto tocantinense presidente antonio carlos porto s.a. - itpac porto nacional [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AfyaParticipacoesSAMember" xlink:label="afya_AfyaParticipacoesSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AfyaParticipacoesSAMember" xlink:to="afya_AfyaParticipacoesSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AfyaParticipacoesSAMember_lbl" xml:lang="en-US">Afya participacoes s.a (afya brazil) [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CentroUniversitarioSaoLucasLtdaUniSLMember" xlink:label="afya_CentroUniversitarioSaoLucasLtdaUniSLMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CentroUniversitarioSaoLucasLtdaUniSLMember" xlink:to="afya_CentroUniversitarioSaoLucasLtdaUniSLMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CentroUniversitarioSaoLucasLtdaUniSLMember_lbl" xml:lang="en-US">Centro universitario Sao lucas ltda. ("unisl") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_PEBMEDInstituicaoDePesquisaMedicaServicosTecnologicosDaareaDaSaudeSAMember" xlink:label="afya_PEBMEDInstituicaoDePesquisaMedicaServicosTecnologicosDaareaDaSaudeSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PEBMEDInstituicaoDePesquisaMedicaServicosTecnologicosDaareaDaSaudeSAMember" xlink:to="afya_PEBMEDInstituicaoDePesquisaMedicaServicosTecnologicosDaareaDaSaudeSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_PEBMEDInstituicaoDePesquisaMedicaServicosTecnologicosDaareaDaSaudeSAMember_lbl" xml:lang="en-US">PEBMED instituicao de pesquisa medica e servicos tecnologicos da area da saude s.a. ("PEBMED") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_MedPhoneTecnologiaEmSaudeLtdaMember" xlink:label="afya_MedPhoneTecnologiaEmSaudeLtdaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedPhoneTecnologiaEmSaudeLtdaMember" xlink:to="afya_MedPhoneTecnologiaEmSaudeLtdaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_MedPhoneTecnologiaEmSaudeLtdaMember_lbl" xml:lang="en-US">MedPhone Tecnologia em Saude Ltda ("MedPhone") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_lbl" xml:lang="en-US">Classes of property, plant and equipment [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BuildingsMember" xlink:label="ifrs-full_BuildingsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BuildingsMember" xlink:to="ifrs-full_BuildingsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BuildingsMember_lbl" xml:lang="en-US">Building [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_MachineryAndEquipmentsMember" xlink:label="afya_MachineryAndEquipmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MachineryAndEquipmentsMember" xlink:to="afya_MachineryAndEquipmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_MachineryAndEquipmentsMember_lbl" xml:lang="en-US">Machinery and equipment [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_VehiclesMember" xlink:label="ifrs-full_VehiclesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_VehiclesMember" xlink:to="ifrs-full_VehiclesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_VehiclesMember_lbl" xml:lang="en-US">Vehicles [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FixturesAndFittingsMember" xlink:label="ifrs-full_FixturesAndFittingsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FixturesAndFittingsMember" xlink:to="ifrs-full_FixturesAndFittingsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FixturesAndFittingsMember_lbl" xml:lang="en-US">Furniture and fixtures [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ItEquipmentMember" xlink:label="afya_ItEquipmentMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ItEquipmentMember" xlink:to="afya_ItEquipmentMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ItEquipmentMember_lbl" xml:lang="en-US">IT equipment [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LibraryBooksMember" xlink:label="afya_LibraryBooksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LibraryBooksMember" xlink:to="afya_LibraryBooksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LibraryBooksMember_lbl" xml:lang="en-US">Library books [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LaboratoriesAndClinicsMember" xlink:label="afya_LaboratoriesAndClinicsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaboratoriesAndClinicsMember" xlink:to="afya_LaboratoriesAndClinicsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LaboratoriesAndClinicsMember_lbl" xml:lang="en-US">Laboratories and clinics [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LeaseholdImprovementsMember" xlink:label="ifrs-full_LeaseholdImprovementsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseholdImprovementsMember" xlink:to="ifrs-full_LeaseholdImprovementsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LeaseholdImprovementsMember_lbl" xml:lang="en-US">Leasehold improvements [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TaxAuthorityAxis" xlink:label="afya_TaxAuthorityAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxAuthorityAxis" xlink:to="afya_TaxAuthorityAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TaxAuthorityAxis_lbl" xml:lang="en-US">Tax Authority [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ProgramOfSocialIntegrationMember" xlink:label="afya_ProgramOfSocialIntegrationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ProgramOfSocialIntegrationMember" xlink:to="afya_ProgramOfSocialIntegrationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ProgramOfSocialIntegrationMember_lbl" xml:lang="en-US">Program of social integration ("pis") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProductsAndServicesAxis" xlink:label="ifrs-full_ProductsAndServicesAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProductsAndServicesAxis" xlink:to="ifrs-full_ProductsAndServicesAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProductsAndServicesAxis_lbl" xml:lang="en-US">Products and services [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TeachingActivitiesMember" xlink:label="afya_TeachingActivitiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TeachingActivitiesMember" xlink:to="afya_TeachingActivitiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TeachingActivitiesMember_lbl" xml:lang="en-US">Teaching activities [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NonTeachingActivitiesMember" xlink:label="afya_NonTeachingActivitiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NonTeachingActivitiesMember" xlink:to="afya_NonTeachingActivitiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NonTeachingActivitiesMember_lbl" xml:lang="en-US">Non-teaching activities [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ContributionForTheFinancingOfSocialSecurityMember" xlink:label="afya_ContributionForTheFinancingOfSocialSecurityMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ContributionForTheFinancingOfSocialSecurityMember" xlink:to="afya_ContributionForTheFinancingOfSocialSecurityMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ContributionForTheFinancingOfSocialSecurityMember_lbl" xml:lang="en-US">Contribution for the financing of social security ("COFINS") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IClinicParticipacoesSAMember" xlink:label="afya_IClinicParticipacoesSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IClinicParticipacoesSAMember" xlink:to="afya_IClinicParticipacoesSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IClinicParticipacoesSAMember_lbl" xml:lang="en-US">iClinic participacoes s.a [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_MedicinaeMember" xlink:label="afya_MedicinaeMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedicinaeMember" xlink:to="afya_MedicinaeMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_MedicinaeMember_lbl" xml:lang="en-US">Medicinae solutions s.a [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl" xml:lang="en-US">Non adjusting Events After Reporting Period [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_EventsAfterReportingPeriodsMember" xlink:label="afya_EventsAfterReportingPeriodsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EventsAfterReportingPeriodsMember" xlink:to="afya_EventsAfterReportingPeriodsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_EventsAfterReportingPeriodsMember_lbl" xml:lang="en-US">Events After Reporting Periods [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_MedicalHarbourMember" xlink:label="afya_MedicalHarbourMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedicalHarbourMember" xlink:to="afya_MedicalHarbourMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_MedicalHarbourMember_lbl" xml:lang="en-US">Medical harbour aparelhos medico hospitalares e servicos em tecnologia ltda [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CliquefarmaMember" xlink:label="afya_CliquefarmaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CliquefarmaMember" xlink:to="afya_CliquefarmaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CliquefarmaMember_lbl" xml:lang="en-US">Cliquefarma drogarias online ltda [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_GuardayaMember" xlink:label="afya_GuardayaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_GuardayaMember" xlink:to="afya_GuardayaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_GuardayaMember_lbl" xml:lang="en-US">Guardaya [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FCMPBMember" xlink:label="afya_FCMPBMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FCMPBMember" xlink:to="afya_FCMPBMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_FCMPBMember_lbl" xml:lang="en-US">FCMPB [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_MedPhoneMember" xlink:label="afya_MedPhoneMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedPhoneMember" xlink:to="afya_MedPhoneMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_MedPhoneMember_lbl" xml:lang="en-US">MEDPHONE [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FESARMember" xlink:label="afya_FESARMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FESARMember" xlink:to="afya_FESARMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_FESARMember_lbl" xml:lang="en-US">FESAR [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_PEBMEDMember" xlink:label="afya_PEBMEDMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PEBMEDMember" xlink:to="afya_PEBMEDMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_PEBMEDMember_lbl" xml:lang="en-US">PEBMED [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_UniSLMember" xlink:label="afya_UniSLMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UniSLMember" xlink:to="afya_UniSLMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_UniSLMember_lbl" xml:lang="en-US">UniSL [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_UniRedentorMember" xlink:label="afya_UniRedentorMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UniRedentorMember" xlink:to="afya_UniRedentorMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_UniRedentorMember_lbl" xml:lang="en-US">UniRedentor [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SegmentConsolidationItemsAxis" xlink:label="ifrs-full_SegmentConsolidationItemsAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentConsolidationItemsAxis" xlink:to="ifrs-full_SegmentConsolidationItemsAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentConsolidationItemsAxis_lbl" xml:lang="en-US">Segment consolidation items [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OperatingSegmentsMember" xlink:label="ifrs-full_OperatingSegmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OperatingSegmentsMember" xlink:to="ifrs-full_OperatingSegmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OperatingSegmentsMember_lbl" xml:lang="en-US">Operating segments [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SegmentsAxis" xlink:label="ifrs-full_SegmentsAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsAxis" xlink:to="ifrs-full_SegmentsAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentsAxis_lbl" xml:lang="en-US">Segments [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AllOtherSegmentsMember" xlink:label="ifrs-full_AllOtherSegmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AllOtherSegmentsMember" xlink:to="ifrs-full_AllOtherSegmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AllOtherSegmentsMember_lbl" xml:lang="en-US">Business unit one [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AllOtherSegmentsOneMember" xlink:label="afya_AllOtherSegmentsOneMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AllOtherSegmentsOneMember" xlink:to="afya_AllOtherSegmentsOneMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AllOtherSegmentsOneMember_lbl" xml:lang="en-US">Business unit two [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReportableSegmentsMember" xlink:label="ifrs-full_ReportableSegmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReportableSegmentsMember" xlink:to="ifrs-full_ReportableSegmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReportableSegmentsMember_lbl" xml:lang="en-US">Total reportable segments [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:to="ifrs-full_EliminationOfIntersegmentAmountsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember_lbl" xml:lang="en-US">Elimination inter-segment transactions [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AdjustmentsAndEliminationOFInterSegmentAmountMember" xlink:label="afya_AdjustmentsAndEliminationOFInterSegmentAmountMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AdjustmentsAndEliminationOFInterSegmentAmountMember" xlink:to="afya_AdjustmentsAndEliminationOFInterSegmentAmountMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AdjustmentsAndEliminationOFInterSegmentAmountMember_lbl" xml:lang="en-US">Adjustments and eliminations [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IPECLicensesMember" xlink:label="afya_IPECLicensesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IPECLicensesMember" xlink:to="afya_IPECLicensesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IPECLicensesMember_lbl" xml:lang="en-US">IPEC Licenses [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SociedadeUniversitariaRedentorSAMember" xlink:label="afya_SociedadeUniversitariaRedentorSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SociedadeUniversitariaRedentorSAMember" xlink:to="afya_SociedadeUniversitariaRedentorSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SociedadeUniversitariaRedentorSAMember_lbl" xml:lang="en-US">Sociedade Universitaria Redentor S.A. ("UniRedentor") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember" xlink:label="afya_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember" xlink:to="afya_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember_lbl" xml:lang="en-US">Instituicao de Pesquisa Medica e Servicos Tecnologicos da Area da Saude S.A. ("PEBMED") [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:to="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_lbl" xml:lang="en-US">Classes Of Intangible Assets Other Than Goodwill [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LicencesMember" xlink:label="ifrs-full_LicencesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LicencesMember" xlink:to="ifrs-full_LicencesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LicencesMember_lbl" xml:lang="en-US">Licenses [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:to="ifrs-full_CustomerrelatedIntangibleAssetsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsMember_lbl" xml:lang="en-US">Customer relationships [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LicensesMember" xlink:label="afya_LicensesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LicensesMember" xlink:to="afya_LicensesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_LicensesMember_lbl" xml:lang="en-US">Licenses [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BrandNamesMember" xlink:label="ifrs-full_BrandNamesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BrandNamesMember" xlink:to="ifrs-full_BrandNamesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BrandNamesMember_lbl" xml:lang="en-US">Trademarks [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TechnologybasedIntangibleAssetsMember" xlink:label="ifrs-full_TechnologybasedIntangibleAssetsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TechnologybasedIntangibleAssetsMember" xlink:to="ifrs-full_TechnologybasedIntangibleAssetsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TechnologybasedIntangibleAssetsMember_lbl" xml:lang="en-US">Developed technology [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_MedPhoneTecnologiaEMSaudeLtdMember" xlink:label="afya_MedPhoneTecnologiaEMSaudeLtdMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedPhoneTecnologiaEMSaudeLtdMember" xlink:to="afya_MedPhoneTecnologiaEMSaudeLtdMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_MedPhoneTecnologiaEMSaudeLtdMember_lbl" xml:lang="en-US">MedPhone Tecnologia em Saude Ltda ("MedPhone") [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_GuardayaEmpreendimentosAndParticipacoesSAMember" xlink:to="afya_GuardayaEmpreendimentosAndParticipacoesSAMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_GuardayaEmpreendimentosAndParticipacoesSAMember_2_lbl" xml:lang="en-US">Guardaya Empreendimentos and Participacoes S.A. ("Guardaya") [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_EducationalContentMember" xlink:label="afya_EducationalContentMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EducationalContentMember" xlink:to="afya_EducationalContentMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_EducationalContentMember_lbl" xml:lang="en-US">Educational content [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoEducacionalSantoAgostinhoSAMember" xlink:to="afya_InstitutoEducacionalSantoAgostinhoSAMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_InstitutoEducacionalSantoAgostinhoSAMember_2_lbl" xml:lang="en-US">Instituto Educacional Santo Agostinho S.A. ("FASA") [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LicencesMember" xlink:to="ifrs-full_LicencesMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LicencesMember_2_lbl" xml:lang="en-US">Licences [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember" xlink:to="afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember_2_lbl" xml:lang="en-US">Instituto De Pesquisa E Ensino Medico Do Estado De Minas Gerais Ltda. ("IPEMED") [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfFinancialAssetsAxis" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialAssetsAxis" xlink:to="ifrs-full_ClassesOfFinancialAssetsAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis_lbl" xml:lang="en-US">Classes of financial assets [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_BankCertificatesOfDepositMember" xlink:label="afya_BankCertificatesOfDepositMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BankCertificatesOfDepositMember" xlink:to="afya_BankCertificatesOfDepositMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_BankCertificatesOfDepositMember_lbl" xml:lang="en-US">Bank Certificates of Deposit [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InterbankCertificatesOfDepositMember" xlink:label="afya_InterbankCertificatesOfDepositMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InterbankCertificatesOfDepositMember" xlink:to="afya_InterbankCertificatesOfDepositMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InterbankCertificatesOfDepositMember_lbl" xml:lang="en-US">Interbank Certificates Of Deposit [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_USDMember" xlink:label="afya_USDMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_USDMember" xlink:to="afya_USDMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_USDMember_lbl" xml:lang="en-US">U.S. dollars</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TuitionFeesMember" xlink:label="afya_TuitionFeesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TuitionFeesMember" xlink:to="afya_TuitionFeesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TuitionFeesMember_lbl" xml:lang="en-US">Tuition Fees [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_OthersMember" xlink:label="afya_OthersMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OthersMember" xlink:to="afya_OthersMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_OthersMember_lbl" xml:lang="en-US">Others [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FIESMember" xlink:label="afya_FIESMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FIESMember" xlink:to="afya_FIESMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_FIESMember_lbl" xml:lang="en-US">FIES [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EducationalContentMember" xlink:to="afya_EducationalContentMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_EducationalContentMember_2_lbl" xml:lang="en-US">Educational Content [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCostMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:to="ifrs-full_FinancialAssetsAtAmortisedCostMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCostMember_lbl" xml:lang="en-US">Financial Assets At Amortised Cost [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_EducationalCreditsMember" xlink:label="afya_EducationalCreditsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EducationalCreditsMember" xlink:to="afya_EducationalCreditsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_EducationalCreditsMember_lbl" xml:lang="en-US">Educational credits [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_MobileAppSubscriptionMember" xlink:label="afya_MobileAppSubscriptionMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MobileAppSubscriptionMember" xlink:to="afya_MobileAppSubscriptionMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_MobileAppSubscriptionMember_lbl" xml:lang="en-US">Mobile app subscription [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:label="ifrs-full_ImpairmentOfFinancialAssetsAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:to="ifrs-full_ImpairmentOfFinancialAssetsAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentOfFinancialAssetsAxis_lbl" xml:lang="en-US">Impairment of financial assets [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xlink:label="ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xlink:to="ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember_lbl" xml:lang="en-US">Neither Past Due Nor Impaired [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PastDueStatusAxis" xlink:label="ifrs-full_PastDueStatusAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PastDueStatusAxis" xlink:to="ifrs-full_PastDueStatusAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PastDueStatusAxis_lbl" xml:lang="en-US">Past due status [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentMember" xlink:label="ifrs-full_CurrentMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentMember" xlink:to="ifrs-full_CurrentMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentMember_lbl" xml:lang="en-US">1 To 30 Days [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LaterThanOneEightyMember" xlink:label="afya_LaterThanOneEightyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaterThanOneEightyMember" xlink:to="afya_LaterThanOneEightyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LaterThanOneEightyMember_lbl" xml:lang="en-US">More Than 180 Days [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LaterThanOneMonthsAndNotLaterThanThreeMonthsMember" xlink:label="afya_LaterThanOneMonthsAndNotLaterThanThreeMonthsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaterThanOneMonthsAndNotLaterThanThreeMonthsMember" xlink:to="afya_LaterThanOneMonthsAndNotLaterThanThreeMonthsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LaterThanOneMonthsAndNotLaterThanThreeMonthsMember_lbl" xml:lang="en-US">31 To 90 Days [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:label="ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:to="ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_lbl" xml:lang="en-US">91 To 180 Days [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IPTANMember" xlink:label="afya_IPTANMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IPTANMember" xlink:to="afya_IPTANMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IPTANMember_lbl" xml:lang="en-US">IPTAN [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IESVAPPatrimonialLtdaMember" xlink:label="afya_IESVAPPatrimonialLtdaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IESVAPPatrimonialLtdaMember" xlink:to="afya_IESVAPPatrimonialLtdaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IESVAPPatrimonialLtdaMember_lbl" xml:lang="en-US">IESVAP Patrimonial Ltda. [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_UEPCMember" xlink:label="afya_UEPCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UEPCMember" xlink:to="afya_UEPCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_UEPCMember_lbl" xml:lang="en-US">UEPC [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IESVAPMember" xlink:label="afya_IESVAPMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IESVAPMember" xlink:to="afya_IESVAPMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IESVAPMember_lbl" xml:lang="en-US">IESVAP [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RVLEstevesGestaoImobiliariaSAMember" xlink:label="afya_RVLEstevesGestaoImobiliariaSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RVLEstevesGestaoImobiliariaSAMember" xlink:to="afya_RVLEstevesGestaoImobiliariaSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RVLEstevesGestaoImobiliariaSAMember_lbl" xml:lang="en-US">RVL Esteves Gestao Imobiliaria S.A. [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_UNIVACOPatrimonialLtdaMember" xlink:label="afya_UNIVACOPatrimonialLtdaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UNIVACOPatrimonialLtdaMember" xlink:to="afya_UNIVACOPatrimonialLtdaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_UNIVACOPatrimonialLtdaMember_lbl" xml:lang="en-US">UNIVACO Patrimonial Ltda. [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TypeOfArrangement1Axis" xlink:label="afya_TypeOfArrangement1Axis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TypeOfArrangement1Axis" xlink:to="afya_TypeOfArrangement1Axis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TypeOfArrangement1Axis_lbl" xml:lang="en-US">Collaborative Arrangement and Arrangement Other than Collaborative [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LeaseAgreements1Member" xlink:label="afya_LeaseAgreements1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LeaseAgreements1Member" xlink:to="afya_LeaseAgreements1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LeaseAgreements1Member_lbl" xml:lang="en-US">Lease Agreements [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US">Legal Entity [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InstitutodeEnsinoSuperiorPresidenteTrancredodeAlmeidaNevesSAMember" xlink:label="afya_InstitutodeEnsinoSuperiorPresidenteTrancredodeAlmeidaNevesSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutodeEnsinoSuperiorPresidenteTrancredodeAlmeidaNevesSAMember" xlink:to="afya_InstitutodeEnsinoSuperiorPresidenteTrancredodeAlmeidaNevesSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InstitutodeEnsinoSuperiorPresidenteTrancredodeAlmeidaNevesSAMember_lbl" xml:lang="en-US">Instituto De Ensino Superior Presidente Trancredo De Almeida Neves S.A. (IPTAN) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InstitutoTocantinensePresidenteAntonioCarlosSAMember" xlink:label="afya_InstitutoTocantinensePresidenteAntonioCarlosSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoTocantinensePresidenteAntonioCarlosSAMember" xlink:to="afya_InstitutoTocantinensePresidenteAntonioCarlosSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InstitutoTocantinensePresidenteAntonioCarlosSAMember_lbl" xml:lang="en-US">Instituto Tocantinense Presidente Antonio Carlos S.A. (ITPAC ) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AssociatesMember" xlink:label="ifrs-full_AssociatesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssociatesMember" xlink:to="ifrs-full_AssociatesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssociatesMember_lbl" xml:lang="en-US">Associates [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GrossCarryingAmountMember" xlink:label="ifrs-full_GrossCarryingAmountMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossCarryingAmountMember" xlink:to="ifrs-full_GrossCarryingAmountMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossCarryingAmountMember_lbl" xml:lang="en-US">Cost [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BuildingsMember" xlink:to="ifrs-full_BuildingsMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BuildingsMember_2_lbl" xml:lang="en-US">Buildings [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LandMember" xlink:label="ifrs-full_LandMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LandMember" xlink:to="ifrs-full_LandMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LandMember_lbl" xml:lang="en-US">Land [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ItEquipmentMember" xlink:to="afya_ItEquipmentMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_ItEquipmentMember_2_lbl" xml:lang="en-US">It equipment [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ConstructionInProgressMember" xlink:label="ifrs-full_ConstructionInProgressMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConstructionInProgressMember" xlink:to="ifrs-full_ConstructionInProgressMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ConstructionInProgressMember_lbl" xml:lang="en-US">Construction in progress [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:to="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl" xml:lang="en-US">Depriciation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:label="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:to="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis_lbl" xml:lang="en-US">Classes of intangible assets and goodwill [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_EducationContentMember" xlink:label="afya_EducationContentMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EducationContentMember" xlink:to="afya_EducationContentMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_EducationContentMember_lbl" xml:lang="en-US">Education Content [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_EducationalPlatformAndSoftwareInProgressMember" xlink:label="afya_EducationalPlatformAndSoftwareInProgressMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EducationalPlatformAndSoftwareInProgressMember" xlink:to="afya_EducationalPlatformAndSoftwareInProgressMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_EducationalPlatformAndSoftwareInProgressMember_lbl" xml:lang="en-US">Educational Platform And Software In Progress [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GoodwillMember" xlink:label="ifrs-full_GoodwillMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GoodwillMember" xlink:to="ifrs-full_GoodwillMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GoodwillMember_lbl" xml:lang="en-US">Goodwill [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DevelopedTechnologyIntangibleAssetsMember" xlink:label="afya_DevelopedTechnologyIntangibleAssetsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DevelopedTechnologyIntangibleAssetsMember" xlink:to="afya_DevelopedTechnologyIntangibleAssetsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_DevelopedTechnologyIntangibleAssetsMember_lbl" xml:lang="en-US">Developed technology [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CarryingAmountsMember" xlink:label="afya_CarryingAmountsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CarryingAmountsMember" xlink:to="afya_CarryingAmountsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CarryingAmountsMember_lbl" xml:lang="en-US">Carrying amount [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember" xlink:to="afya_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember_2_lbl" xml:lang="en-US">IPTAN - Instituto De Ensino Superior Presidente Trancredo De Almeida Neves S.A. ("IPTAN") [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember" xlink:to="afya_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember_2_lbl" xml:lang="en-US">Instituto De Educacao Superior Do Vale Do Parnaiba S.A. ("IESVAP") [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CentroDeCienciasEmSaudeDeItajubaSAMember" xlink:to="afya_CentroDeCienciasEmSaudeDeItajubaSAMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_CentroDeCienciasEmSaudeDeItajubaSAMember_2_lbl" xml:lang="en-US">Centro De Ciencias Em Saude De Itajuba S.A. ("CCSI") [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedcelEditoraAndCBBWebMember" xlink:to="afya_MedcelEditoraAndCBBWebMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_MedcelEditoraAndCBBWebMember_2_lbl" xml:lang="en-US">Medcel Editora and CBB Web [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember" xlink:to="afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember_2_lbl" xml:lang="en-US">Instituto De Ensino Superior Do Piaui S.A. ("IESP") [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember" xlink:to="afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember_2_lbl" xml:lang="en-US">FADEP - Faculdade Educacional De Pato Branco Ltda. ("FADEP") [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoParaensedeEducacaoeCulturaLtdaMember" xlink:to="afya_InstitutoParaensedeEducacaoeCulturaLtdaMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_InstitutoParaensedeEducacaoeCulturaLtdaMember_2_lbl" xml:lang="en-US">Instituto Paraense De Educacao E Cultura Ltda. (IPEC) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IPEMEDMember" xlink:label="afya_IPEMEDMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IPEMEDMember" xlink:to="afya_IPEMEDMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IPEMEDMember_lbl" xml:lang="en-US">IPEMED [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ESMCMember" xlink:label="afya_ESMCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ESMCMember" xlink:to="afya_ESMCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ESMCMember_lbl" xml:lang="en-US">ESMC [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FESARMember" xlink:to="afya_FESARMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_FESARMember_2_lbl" xml:lang="en-US">Faculdade de Ensino Superior da Amazonia Reunida - (FESAR) [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_MedcelAndCBBWMember" xlink:label="afya_MedcelAndCBBWMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedcelAndCBBWMember" xlink:to="afya_MedcelAndCBBWMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_MedcelAndCBBWMember_lbl" xml:lang="en-US">Medcel and CBBW [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CustomerRelationshipsMedicineMember" xlink:label="afya_CustomerRelationshipsMedicineMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CustomerRelationshipsMedicineMember" xlink:to="afya_CustomerRelationshipsMedicineMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CustomerRelationshipsMedicineMember_lbl" xml:lang="en-US">Customer relationships - medicine [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CustomerRelationshipsOtherCoursesMember" xlink:label="afya_CustomerRelationshipsOtherCoursesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CustomerRelationshipsOtherCoursesMember" xlink:to="afya_CustomerRelationshipsOtherCoursesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CustomerRelationshipsOtherCoursesMember_lbl" xml:lang="en-US">Customer relationships - other courses [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RangeAxis" xlink:label="ifrs-full_RangeAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangeAxis" xlink:to="ifrs-full_RangeAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RangeAxis_lbl" xml:lang="en-US">Statistical Measurement [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BottomOfRangeMember" xlink:label="ifrs-full_BottomOfRangeMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BottomOfRangeMember" xlink:to="ifrs-full_BottomOfRangeMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BottomOfRangeMember_lbl" xml:lang="en-US">Bottom of Range [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TopOfRangeMember" xlink:label="ifrs-full_TopOfRangeMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TopOfRangeMember" xlink:to="ifrs-full_TopOfRangeMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TopOfRangeMember_lbl" xml:lang="en-US">Top of Range [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfFinancialLiabilitiesAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesAxis_lbl" xml:lang="en-US">Classes of financial liabilities [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCostMember" xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCostMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtAmortisedCostMember" xlink:to="ifrs-full_FinancialLiabilitiesAtAmortisedCostMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCostMember_lbl" xml:lang="en-US">Financial Liabilities At amortized Cost [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DerivativesLiabilitiesMember" xlink:label="afya_DerivativesLiabilitiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativesLiabilitiesMember" xlink:to="afya_DerivativesLiabilitiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DerivativesLiabilitiesMember_lbl" xml:lang="en-US">Derivatives Liabilities [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MaturityAxis" xlink:label="ifrs-full_MaturityAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaturityAxis" xlink:to="ifrs-full_MaturityAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaturityAxis_lbl" xml:lang="en-US">Maturity [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TwentyTwentySevenMember" xlink:label="afya_TwentyTwentySevenMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TwentyTwentySevenMember" xlink:to="afya_TwentyTwentySevenMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TwentyTwentySevenMember_lbl" xml:lang="en-US">2027 [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NotLaterThanOneYearMember" xlink:label="ifrs-full_NotLaterThanOneYearMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotLaterThanOneYearMember" xlink:to="ifrs-full_NotLaterThanOneYearMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en-US">2020 [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2020/currency-2020-01-31.xsd#currency_EUR" xlink:label="currency_EUR" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_EUR" xlink:to="currency_EUR_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_EUR_lbl" xml:lang="en-US">Euro</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TwentyTwentyFourMember" xlink:label="afya_TwentyTwentyFourMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TwentyTwentyFourMember" xlink:to="afya_TwentyTwentyFourMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TwentyTwentyFourMember_lbl" xml:lang="en-US">2024 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TwentyTwentyOneMember" xlink:label="afya_TwentyTwentyOneMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TwentyTwentyOneMember" xlink:to="afya_TwentyTwentyOneMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TwentyTwentyOneMember_lbl" xml:lang="en-US">2021 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TwentyTwentyThreeMember" xlink:label="afya_TwentyTwentyThreeMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TwentyTwentyThreeMember" xlink:to="afya_TwentyTwentyThreeMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TwentyTwentyThreeMember_lbl" xml:lang="en-US">2023 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestRateSwapContractMember" xlink:label="ifrs-full_InterestRateSwapContractMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateSwapContractMember" xlink:to="ifrs-full_InterestRateSwapContractMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestRateSwapContractMember_lbl" xml:lang="en-US">Cross-Currency Interest Rate Swap Agreements [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfHedgesAxis" xlink:label="ifrs-full_TypesOfHedgesAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfHedgesAxis" xlink:to="ifrs-full_TypesOfHedgesAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfHedgesAxis_lbl" xml:lang="en-US">Types of hedges [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LiabilityPositionMember" xlink:label="afya_LiabilityPositionMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LiabilityPositionMember" xlink:to="afya_LiabilityPositionMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LiabilityPositionMember_lbl" xml:lang="en-US">Liability Position [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AssetPositionMember" xlink:label="afya_AssetPositionMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AssetPositionMember" xlink:to="afya_AssetPositionMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AssetPositionMember_lbl" xml:lang="en-US">Asset Position [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholdersMember" xlink:label="afya_AccountsPayableToSellingShareholdersMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersMember" xlink:to="afya_AccountsPayableToSellingShareholdersMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AccountsPayableToSellingShareholdersMember_lbl" xml:lang="en-US">Accounts Payable To Selling Shareholders [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DerivativesMember" xlink:label="ifrs-full_DerivativesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativesMember" xlink:to="ifrs-full_DerivativesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DerivativesMember_lbl" xml:lang="en-US">Derivatives Not Designated As Hedging Instruments [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LeaseLiabilitiesMember" xlink:label="ifrs-full_LeaseLiabilitiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseLiabilitiesMember" xlink:to="ifrs-full_LeaseLiabilitiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LeaseLiabilitiesMember_lbl" xml:lang="en-US">Lease liabilities [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RestrictedCashMember" xlink:label="afya_RestrictedCashMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RestrictedCashMember" xlink:to="afya_RestrictedCashMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RestrictedCashMember_lbl" xml:lang="en-US">Restricted Cash [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeReceivablesMember" xlink:label="ifrs-full_TradeReceivablesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeReceivablesMember" xlink:to="ifrs-full_TradeReceivablesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeReceivablesMember_lbl" xml:lang="en-US">Trade receivables [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LoansAndFinancingMember" xlink:label="afya_LoansAndFinancingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingMember" xlink:to="afya_LoansAndFinancingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LoansAndFinancingMember_lbl" xml:lang="en-US">Loans And Financing [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NotesPayableMember" xlink:label="afya_NotesPayableMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotesPayableMember" xlink:to="afya_NotesPayableMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NotesPayableMember_lbl" xml:lang="en-US">Notes Payable[Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfRisksAxis" xlink:label="ifrs-full_TypesOfRisksAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfRisksAxis" xlink:to="ifrs-full_TypesOfRisksAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfRisksAxis_lbl" xml:lang="en-US">Types of risks [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestRateRiskMember" xlink:label="ifrs-full_InterestRateRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateRiskMember" xlink:to="ifrs-full_InterestRateRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestRateRiskMember_lbl" xml:lang="en-US">Interest Rate Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfInterestRatesAxis" xlink:label="ifrs-full_TypesOfInterestRatesAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfInterestRatesAxis" xlink:to="ifrs-full_TypesOfInterestRatesAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfInterestRatesAxis_lbl" xml:lang="en-US">Types of interest rates [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FloatingInterestRateMember" xlink:label="ifrs-full_FloatingInterestRateMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FloatingInterestRateMember" xlink:to="ifrs-full_FloatingInterestRateMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FloatingInterestRateMember_lbl" xml:lang="en-US">Floating interest rate [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CashEquivalents1Member" xlink:label="afya_CashEquivalents1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CashEquivalents1Member" xlink:to="afya_CashEquivalents1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CashEquivalents1Member_lbl" xml:lang="en-US">Cash Equivalents [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholdersOneMember" xlink:label="afya_AccountsPayableToSellingShareholdersOneMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersOneMember" xlink:to="afya_AccountsPayableToSellingShareholdersOneMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AccountsPayableToSellingShareholdersOneMember_lbl" xml:lang="en-US">AccountsPayableToSellingShareholdersOneMember</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProbabilityOfDefaultAxis" xlink:label="ifrs-full_ProbabilityOfDefaultAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProbabilityOfDefaultAxis" xlink:to="ifrs-full_ProbabilityOfDefaultAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProbabilityOfDefaultAxis_lbl" xml:lang="en-US">Probability of default [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IncreaseBasisPointsMember" xlink:label="afya_IncreaseBasisPointsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseBasisPointsMember" xlink:to="afya_IncreaseBasisPointsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IncreaseBasisPointsMember_lbl" xml:lang="en-US">Increase in basis points +75 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IncreaseBasisPointsOneMember" xlink:label="afya_IncreaseBasisPointsOneMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseBasisPointsOneMember" xlink:to="afya_IncreaseBasisPointsOneMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IncreaseBasisPointsOneMember_lbl" xml:lang="en-US">Increase in basis points +150 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DecreaseBasisPointsMember" xlink:label="afya_DecreaseBasisPointsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DecreaseBasisPointsMember" xlink:to="afya_DecreaseBasisPointsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DecreaseBasisPointsMember_lbl" xml:lang="en-US">Decrease in basis points -75 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DecreaseBasisPointsOneMember" xlink:label="afya_DecreaseBasisPointsOneMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DecreaseBasisPointsOneMember" xlink:to="afya_DecreaseBasisPointsOneMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DecreaseBasisPointsOneMember_lbl" xml:lang="en-US">Decrease in basis points -150 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LoansAndFinancingOneMember" xlink:label="afya_LoansAndFinancingOneMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingOneMember" xlink:to="afya_LoansAndFinancingOneMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_LoansAndFinancingOneMember_lbl" xml:lang="en-US">Loans And Financing [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LoansAndFinancingTwoMember" xlink:label="afya_LoansAndFinancingTwoMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingTwoMember" xlink:to="afya_LoansAndFinancingTwoMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_LoansAndFinancingTwoMember_lbl" xml:lang="en-US">Loans And Financing [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholdersSevenMember" xlink:label="afya_AccountsPayableToSellingShareholdersSevenMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersSevenMember" xlink:to="afya_AccountsPayableToSellingShareholdersSevenMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AccountsPayableToSellingShareholdersSevenMember_lbl" xml:lang="en-US">Accounts payable to selling shareholders [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotesPayableMember" xlink:to="afya_NotesPayableMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_NotesPayableMember_2_lbl" xml:lang="en-US">Notes payable [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrencyRiskMember" xlink:label="ifrs-full_CurrencyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrencyRiskMember" xlink:to="ifrs-full_CurrencyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrencyRiskMember_lbl" xml:lang="en-US">Foreign Currency Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RiskExposuresAxis" xlink:label="ifrs-full_RiskExposuresAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RiskExposuresAxis" xlink:to="ifrs-full_RiskExposuresAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RiskExposuresAxis_lbl" xml:lang="en-US">Risk exposures [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IncreaseForeignCurrencyMember" xlink:label="afya_IncreaseForeignCurrencyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseForeignCurrencyMember" xlink:to="afya_IncreaseForeignCurrencyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IncreaseForeignCurrencyMember_lbl" xml:lang="en-US">Increase in Foreign Currency Sensitivity +10% [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DecreaseForeignCurrencyMember" xlink:label="afya_DecreaseForeignCurrencyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DecreaseForeignCurrencyMember" xlink:to="afya_DecreaseForeignCurrencyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DecreaseForeignCurrencyMember_lbl" xml:lang="en-US">Decrease in Foreign Currency Sensitivity -10% [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ForeignCurrencyExposuresMember" xlink:label="afya_ForeignCurrencyExposuresMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ForeignCurrencyExposuresMember" xlink:to="afya_ForeignCurrencyExposuresMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ForeignCurrencyExposuresMember_lbl" xml:lang="en-US">Exposure [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiquidityRiskMember" xlink:label="ifrs-full_LiquidityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiquidityRiskMember" xlink:to="ifrs-full_LiquidityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiquidityRiskMember_lbl" xml:lang="en-US">Liquidity Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanOneYearMember" xlink:label="ifrs-full_LaterThanOneYearMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearMember" xlink:to="ifrs-full_LaterThanOneYearMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearMember_lbl" xml:lang="en-US">Less Than 1 Year [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US">1 to 3 Years [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US">3 To 5 Years [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanFiveYearsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanFiveYearsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanFiveYearsMember_lbl" xml:lang="en-US">More Than 5 Years [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:to="ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis_lbl" xml:lang="en-US">Liabilities arising from financing activities [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DividendsPayableMember" xlink:label="afya_DividendsPayableMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DividendsPayableMember" xlink:to="afya_DividendsPayableMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DividendsPayableMember_lbl" xml:lang="en-US">Dividends Payable [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_PayableToRelatedPartiesMember" xlink:label="afya_PayableToRelatedPartiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PayableToRelatedPartiesMember" xlink:to="afya_PayableToRelatedPartiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_PayableToRelatedPartiesMember_lbl" xml:lang="en-US">Related Parties [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CashEquivalentMember" xlink:label="afya_CashEquivalentMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CashEquivalentMember" xlink:to="afya_CashEquivalentMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CashEquivalentMember_lbl" xml:lang="en-US">CashEquivalentMember</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MeasurementAxis" xlink:label="ifrs-full_MeasurementAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MeasurementAxis" xlink:to="ifrs-full_MeasurementAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MeasurementAxis_lbl" xml:lang="en-US">Measurement [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AtFairValueMember" xlink:label="ifrs-full_AtFairValueMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AtFairValueMember" xlink:to="ifrs-full_AtFairValueMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AtFairValueMember_lbl" xml:lang="en-US">At Fair Value [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="ifrs-full_LevelsOfFairValueHierarchyAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis_lbl" xml:lang="en-US">Levels of fair value hierarchy [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Level1OfFairValueHierarchyMember" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="ifrs-full_Level1OfFairValueHierarchyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level 1 Of Fair Value Hierarchy [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Level2OfFairValueHierarchyMember" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="ifrs-full_Level2OfFairValueHierarchyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level 2 Of Fair Value Hierarchy [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Level3OfFairValueHierarchyMember" xlink:label="ifrs-full_Level3OfFairValueHierarchyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="ifrs-full_Level3OfFairValueHierarchyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Level3OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level 3 Of Fair Value Hierarchy [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" xlink:label="ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" xlink:to="ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember_lbl" xml:lang="en-US">For Which Fair Value Is Disclosed [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis" xlink:label="ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis" xlink:to="ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis_lbl" xml:lang="en-US">Continuing involvement in derecognised financial assets by type of instrument [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_StockOptionsMember" xlink:label="afya_StockOptionsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_StockOptionsMember" xlink:to="afya_StockOptionsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_StockOptionsMember_lbl" xml:lang="en-US">Stock option [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DefinedBenefitPlansAxis" xlink:label="ifrs-full_DefinedBenefitPlansAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DefinedBenefitPlansAxis" xlink:to="ifrs-full_DefinedBenefitPlansAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DefinedBenefitPlansAxis_lbl" xml:lang="en-US">Defined benefit plans [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ModifiedPlanMember" xlink:label="afya_ModifiedPlanMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ModifiedPlanMember" xlink:to="afya_ModifiedPlanMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ModifiedPlanMember_lbl" xml:lang="en-US">Modified plan [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_OriginalPlanMember" xlink:label="afya_OriginalPlanMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OriginalPlanMember" xlink:to="afya_OriginalPlanMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_OriginalPlanMember_lbl" xml:lang="en-US">Original plan [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BottomOfRangeMember" xlink:to="ifrs-full_BottomOfRangeMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BottomOfRangeMember_2_lbl" xml:lang="en-US">Bottom of range [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TopOfRangeMember" xlink:to="ifrs-full_TopOfRangeMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TopOfRangeMember_2_lbl" xml:lang="en-US">Top of range [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ShareBasedCompensationPlansMember" xlink:label="afya_ShareBasedCompensationPlansMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ShareBasedCompensationPlansMember" xlink:to="afya_ShareBasedCompensationPlansMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ShareBasedCompensationPlansMember_lbl" xml:lang="en-US">Share based compensation plans [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:to="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_lbl" xml:lang="en-US">Types of share-based payment arrangements [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_GuardayaStockOptionsMember" xlink:label="afya_GuardayaStockOptionsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_GuardayaStockOptionsMember" xlink:to="afya_GuardayaStockOptionsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_GuardayaStockOptionsMember_lbl" xml:lang="en-US">Guardaya Stock Options [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SubsidiarySaleOfStocksAxis" xlink:label="afya_SubsidiarySaleOfStocksAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SubsidiarySaleOfStocksAxis" xlink:to="afya_SubsidiarySaleOfStocksAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SubsidiarySaleOfStocksAxis_lbl" xml:lang="en-US">Subsidiary Sale Of Stocks [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InitiaPublicOfferingMember" xlink:label="afya_InitiaPublicOfferingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InitiaPublicOfferingMember" xlink:to="afya_InitiaPublicOfferingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InitiaPublicOfferingMember_lbl" xml:lang="en-US">IPO [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OrdinarySharesMember" xlink:to="ifrs-full_OrdinarySharesMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OrdinarySharesMember_2_lbl" xml:lang="en-US">Ordinary Shares [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_BRHealthParticipacoesSABRHealthAndGuardayaEmpreendimentosAndParticipacoesSAGuardayaMember" xlink:label="afya_BRHealthParticipacoesSABRHealthAndGuardayaEmpreendimentosAndParticipacoesSAGuardayaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BRHealthParticipacoesSABRHealthAndGuardayaEmpreendimentosAndParticipacoesSAGuardayaMember" xlink:to="afya_BRHealthParticipacoesSABRHealthAndGuardayaEmpreendimentosAndParticipacoesSAGuardayaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_BRHealthParticipacoesSABRHealthAndGuardayaEmpreendimentosAndParticipacoesSAGuardayaMember_lbl" xml:lang="en-US">BR Health Participacoes S.A. ("BR Health") And Guardaya Empreendimentos and Participacoes S.A. ("Guardaya") [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_BRHealthParticipacoesSABRHealthMember" xlink:label="afya_BRHealthParticipacoesSABRHealthMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BRHealthParticipacoesSABRHealthMember" xlink:to="afya_BRHealthParticipacoesSABRHealthMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_BRHealthParticipacoesSABRHealthMember_lbl" xml:lang="en-US">BR Health Participacoes S.A. ("BR Health") [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NicolauCarvalhoEstevesMember" xlink:label="afya_NicolauCarvalhoEstevesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NicolauCarvalhoEstevesMember" xlink:to="afya_NicolauCarvalhoEstevesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NicolauCarvalhoEstevesMember_lbl" xml:lang="en-US">Nicolau Carvalho Esteves [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ClassBPreferenceSharesMember" xlink:label="afya_ClassBPreferenceSharesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ClassBPreferenceSharesMember" xlink:to="afya_ClassBPreferenceSharesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ClassBPreferenceSharesMember_lbl" xml:lang="en-US">Class B Preferred Shares [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ClassAPreferenceSharesMember" xlink:label="afya_ClassAPreferenceSharesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ClassAPreferenceSharesMember" xlink:to="afya_ClassAPreferenceSharesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ClassAPreferenceSharesMember_lbl" xml:lang="en-US">Class A Preferred Shares [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FASAIESPAndUnivacoMember" xlink:label="afya_FASAIESPAndUnivacoMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FASAIESPAndUnivacoMember" xlink:to="afya_FASAIESPAndUnivacoMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_FASAIESPAndUnivacoMember_lbl" xml:lang="en-US">FASA, IESP And Univaco [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ClassBOrdinarySharesMember" xlink:label="afya_ClassBOrdinarySharesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ClassBOrdinarySharesMember" xlink:to="afya_ClassBOrdinarySharesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ClassBOrdinarySharesMember_lbl" xml:lang="en-US">Class B Ordinary Shares [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ClassAOrdinarySharesMember" xlink:label="afya_ClassAOrdinarySharesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ClassAOrdinarySharesMember" xlink:to="afya_ClassAOrdinarySharesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ClassAOrdinarySharesMember_lbl" xml:lang="en-US">Class A Ordinary Shares [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SegmentOfBusinessOneUnitMember" xlink:label="afya_SegmentOfBusinessOneUnitMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SegmentOfBusinessOneUnitMember" xlink:to="afya_SegmentOfBusinessOneUnitMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SegmentOfBusinessOneUnitMember_lbl" xml:lang="en-US">Business Unit 1 [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SegmentOfBusinessTwoUnitMember" xlink:label="afya_SegmentOfBusinessTwoUnitMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SegmentOfBusinessTwoUnitMember" xlink:to="afya_SegmentOfBusinessTwoUnitMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SegmentOfBusinessTwoUnitMember_lbl" xml:lang="en-US">Business Unit 2 [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:to="ifrs-full_EliminationOfIntersegmentAmountsMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember_2_lbl" xml:lang="en-US">Elimination Inter-Segment Transactions [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:label="ifrs-full_ClassesOfContingentLiabilitiesAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfContingentLiabilitiesAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfContingentLiabilitiesAxis_lbl" xml:lang="en-US">Classes of contingent liabilities [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:label="ifrs-full_LegalProceedingsContingentLiabilityMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:to="ifrs-full_LegalProceedingsContingentLiabilityMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LegalProceedingsContingentLiabilityMember_lbl" xml:lang="en-US">Legal proceedings and contingencies [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfProvisionsAxis" xlink:label="ifrs-full_ClassesOfProvisionsAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfProvisionsAxis" xlink:to="ifrs-full_ClassesOfProvisionsAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfProvisionsAxis_lbl" xml:lang="en-US">Classes of other provisions [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LabourMember" xlink:label="afya_LabourMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LabourMember" xlink:to="afya_LabourMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LabourMember_lbl" xml:lang="en-US">Labour [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CivilMember" xlink:label="afya_CivilMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CivilMember" xlink:to="afya_CivilMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CivilMember_lbl" xml:lang="en-US">Civil [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TaxesMember" xlink:label="afya_TaxesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxesMember" xlink:to="afya_TaxesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TaxesMember_lbl" xml:lang="en-US">Taxes [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TypesOfRiskMember" xlink:label="afya_TypesOfRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TypesOfRiskMember" xlink:to="afya_TypesOfRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TypesOfRiskMember_lbl" xml:lang="en-US">Risk [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TaxesAndSocialSecurityMember" xlink:label="afya_TaxesAndSocialSecurityMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxesAndSocialSecurityMember" xlink:to="afya_TaxesAndSocialSecurityMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TaxesAndSocialSecurityMember_lbl" xml:lang="en-US">Taxes and Social Security [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfAssetsAxis" xlink:label="ifrs-full_ClassesOfAssetsAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAssetsAxis" xlink:to="ifrs-full_ClassesOfAssetsAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfAssetsAxis_lbl" xml:lang="en-US">Classes of assets [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_OtherAssetsNonCurrentMember" xlink:label="afya_OtherAssetsNonCurrentMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OtherAssetsNonCurrentMember" xlink:to="afya_OtherAssetsNonCurrentMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_OtherAssetsNonCurrentMember_lbl" xml:lang="en-US">Other assets (non-current) [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComputerSoftwareMember" xlink:label="ifrs-full_ComputerSoftwareMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComputerSoftwareMember" xlink:to="ifrs-full_ComputerSoftwareMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComputerSoftwareMember_lbl" xml:lang="en-US">Software [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComputerSoftwareMember" xlink:to="ifrs-full_ComputerSoftwareMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ComputerSoftwareMember_2_lbl" xml:lang="en-US">Computer Software [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SociedadePadraoDeEducacaoSuperiorLtdaMember" xlink:label="afya_SociedadePadraoDeEducacaoSuperiorLtdaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SociedadePadraoDeEducacaoSuperiorLtdaMember" xlink:to="afya_SociedadePadraoDeEducacaoSuperiorLtdaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SociedadePadraoDeEducacaoSuperiorLtdaMember_lbl" xml:lang="en-US">Sociedade padrao de educacao Superior ltda [member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LoansAndFinancingThreeMember" xlink:label="afya_LoansAndFinancingThreeMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingThreeMember" xlink:to="afya_LoansAndFinancingThreeMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_LoansAndFinancingThreeMember_lbl" xml:lang="en-US">Loans And Financing [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_USD" xlink:to="currency_USD_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="currency_USD_2_lbl" xml:lang="en-US">USD</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SoftBankLatinAmericaFundMember" xlink:label="afya_SoftBankLatinAmericaFundMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Entity Ex Transition Period</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US">Document Shell Company Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_IcfrAuditorAttestationFlag" xlink:label="dei_IcfrAuditorAttestationFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_IcfrAuditorAttestationFlag" xlink:to="dei_IcfrAuditorAttestationFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_IcfrAuditorAttestationFlag_lbl" xml:lang="en-US">Auditor Attestation Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
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      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxAssets_lbl" xml:lang="en-US">Recoverable taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentAssets" xlink:label="ifrs-full_OtherCurrentAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherCurrentAssets" xlink:to="ifrs-full_OtherCurrentAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherCurrentAssets_lbl" xml:lang="en-US">Other assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAssets" xlink:label="ifrs-full_CurrentAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssets" xlink:to="ifrs-full_CurrentAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentAssets_lbl" xml:lang="en-US">Total current assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssetsAbstract" xlink:label="ifrs-full_NoncurrentAssetsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssetsAbstract" xlink:to="ifrs-full_NoncurrentAssetsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentAssetsAbstract_lbl" xml:lang="en-US">Non-current assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentRestrictedCashAndCashEquivalents" xlink:label="ifrs-full_NoncurrentRestrictedCashAndCashEquivalents" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentRestrictedCashAndCashEquivalents" xlink:to="ifrs-full_NoncurrentRestrictedCashAndCashEquivalents_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncurrentRestrictedCashAndCashEquivalents_lbl" xml:lang="en-US">Restricted cash</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentTradeReceivables" xlink:label="ifrs-full_NoncurrentTradeReceivables" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentTradeReceivables" xlink:to="ifrs-full_NoncurrentTradeReceivables_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncurrentTradeReceivables_lbl" xml:lang="en-US">Trade receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentAssets" xlink:label="ifrs-full_OtherNoncurrentAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentAssets" xlink:to="ifrs-full_OtherNoncurrentAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherNoncurrentAssets_lbl" xml:lang="en-US">Other assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="ifrs-full_PropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US">Property and equipment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:label="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_lbl" xml:lang="en-US">Investment in associate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RightofuseAssets" xlink:label="ifrs-full_RightofuseAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RightofuseAssets" xlink:to="ifrs-full_RightofuseAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RightofuseAssets_lbl" xml:lang="en-US">Right-of-use assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Intangible assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssets" xlink:label="ifrs-full_NoncurrentAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_NoncurrentAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NoncurrentAssets_lbl" xml:lang="en-US">Total non-current assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Assets" xlink:label="ifrs-full_Assets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Assets" xlink:to="ifrs-full_Assets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">Total assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesAbstract" xlink:label="ifrs-full_LiabilitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesAbstract" xlink:to="ifrs-full_LiabilitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesAbstract_lbl" xml:lang="en-US">Liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilitiesAbstract" xlink:label="ifrs-full_CurrentLiabilitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilitiesAbstract" xlink:to="ifrs-full_CurrentLiabilitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentLiabilitiesAbstract_lbl" xml:lang="en-US">Current liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherCurrentPayables" xlink:label="ifrs-full_TradeAndOtherCurrentPayables" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherCurrentPayables" xlink:to="ifrs-full_TradeAndOtherCurrentPayables_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherCurrentPayables_lbl" xml:lang="en-US">Trade payables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShorttermBorrowings" xlink:label="ifrs-full_ShorttermBorrowings" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShorttermBorrowings" xlink:to="ifrs-full_ShorttermBorrowings_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShorttermBorrowings_lbl" xml:lang="en-US">Loans and financing</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:label="ifrs-full_CurrentDerivativeFinancialLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:to="ifrs-full_CurrentDerivativeFinancialLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentDerivativeFinancialLiabilities_lbl" xml:lang="en-US">Derivatives</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLeaseLiabilities" xlink:label="ifrs-full_CurrentLeaseLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLeaseLiabilities" xlink:to="ifrs-full_CurrentLeaseLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentLeaseLiabilities_lbl" xml:lang="en-US">Lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:label="ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:to="ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties_lbl" xml:lang="en-US">Accounts payable to selling shareholders</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NotePayableCurrent" xlink:label="afya_NotePayableCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotePayableCurrent" xlink:to="afya_NotePayableCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NotePayableCurrent_lbl" xml:lang="en-US">Notes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentDepositsFromCustomers" xlink:label="ifrs-full_CurrentDepositsFromCustomers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentDepositsFromCustomers" xlink:to="ifrs-full_CurrentDepositsFromCustomers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentDepositsFromCustomers_lbl" xml:lang="en-US">Advances from customers</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:label="ifrs-full_CurrentRecognisedLiabilitiesDefinedBenefitPlan" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:to="ifrs-full_CurrentRecognisedLiabilitiesDefinedBenefitPlan_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentRecognisedLiabilitiesDefinedBenefitPlan_lbl" xml:lang="en-US">Labor and social obligations</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CurrentTaxesPayable" xlink:label="afya_CurrentTaxesPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CurrentTaxesPayable" xlink:to="afya_CurrentTaxesPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CurrentTaxesPayable_lbl" xml:lang="en-US">Taxes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:to="ifrs-full_CurrentTaxLiabilitiesCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent_lbl" xml:lang="en-US">Income taxes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentLiabilities" xlink:label="ifrs-full_OtherCurrentLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherCurrentLiabilities" xlink:to="ifrs-full_OtherCurrentLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherCurrentLiabilities_lbl" xml:lang="en-US">Other liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilities" xlink:label="ifrs-full_CurrentLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentLiabilities_lbl" xml:lang="en-US">Total current liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentLiabilitiesAbstract" xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilitiesAbstract" xlink:to="ifrs-full_NoncurrentLiabilitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract_lbl" xml:lang="en-US">Non-current liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LongtermBorrowings" xlink:label="ifrs-full_LongtermBorrowings" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LongtermBorrowings" xlink:to="ifrs-full_LongtermBorrowings_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LongtermBorrowings_lbl" xml:lang="en-US">Loans and financing</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentLeaseLiabilities" xlink:label="ifrs-full_NoncurrentLeaseLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLeaseLiabilities" xlink:to="ifrs-full_NoncurrentLeaseLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncurrentLeaseLiabilities_lbl" xml:lang="en-US">Lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentPayablesToRelatedParties" xlink:label="ifrs-full_NoncurrentPayablesToRelatedParties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentPayablesToRelatedParties" xlink:to="ifrs-full_NoncurrentPayablesToRelatedParties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncurrentPayablesToRelatedParties_lbl" xml:lang="en-US">Accounts payable to selling shareholders</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NotesPayableNonCurrentLiabiites" xlink:label="afya_NotesPayableNonCurrentLiabiites" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotesPayableNonCurrentLiabiites" xlink:to="afya_NotesPayableNonCurrentLiabiites_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_NotesPayableNonCurrentLiabiites_lbl" xml:lang="en-US">Notes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NoncurrentTaxesPayable" xlink:label="afya_NoncurrentTaxesPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NoncurrentTaxesPayable" xlink:to="afya_NoncurrentTaxesPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_NoncurrentTaxesPayable_lbl" xml:lang="en-US">Taxes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LongtermLegalProceedingsProvision" xlink:label="ifrs-full_LongtermLegalProceedingsProvision" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LongtermLegalProceedingsProvision" xlink:to="ifrs-full_LongtermLegalProceedingsProvision_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LongtermLegalProceedingsProvision_lbl" xml:lang="en-US">Provision for legal proceedings</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentLiabilities" xlink:label="ifrs-full_OtherNoncurrentLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentLiabilities" xlink:to="ifrs-full_OtherNoncurrentLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherNoncurrentLiabilities_lbl" xml:lang="en-US">Other liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="ifrs-full_NoncurrentLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilities" xlink:to="ifrs-full_NoncurrentLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NoncurrentLiabilities_lbl" xml:lang="en-US">Total non-current liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Liabilities" xlink:label="ifrs-full_Liabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Liabilities" xlink:to="ifrs-full_Liabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US">Total liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAbstract" xlink:label="ifrs-full_EquityAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAbstract" xlink:to="ifrs-full_EquityAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAbstract_lbl" xml:lang="en-US">Equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapital" xlink:label="ifrs-full_IssuedCapital" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapital" xlink:to="ifrs-full_IssuedCapital_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssuedCapital_lbl" xml:lang="en-US">Share capital</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionalPaidinCapital" xlink:label="ifrs-full_AdditionalPaidinCapital" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionalPaidinCapital" xlink:to="ifrs-full_AdditionalPaidinCapital_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionalPaidinCapital_lbl" xml:lang="en-US">Additional paid-in capital</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfSharebasedPayments" xlink:label="ifrs-full_ReserveOfSharebasedPayments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfSharebasedPayments" xlink:to="ifrs-full_ReserveOfSharebasedPayments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfSharebasedPayments_lbl" xml:lang="en-US">Share-based compensation reserve</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RetainedEarnings" xlink:label="ifrs-full_RetainedEarnings" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarnings" xlink:to="ifrs-full_RetainedEarnings_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en-US">Retained earnings</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xml:lang="en-US">Equity attributable to equity holders of the parent</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterests" xlink:label="ifrs-full_NoncontrollingInterests" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterests" xlink:to="ifrs-full_NoncontrollingInterests_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncontrollingInterests_lbl" xml:lang="en-US">Non-controlling interests</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Equity" xlink:label="ifrs-full_Equity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US">Total equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities" xlink:label="ifrs-full_EquityAndLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAndLiabilities" xlink:to="ifrs-full_EquityAndLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xml:lang="en-US">Total liabilities and equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="ifrs-full_IncomeStatementAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeStatementAbstract" xlink:to="ifrs-full_IncomeStatementAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeStatementAbstract_lbl" xml:lang="en-US">Profit or loss [abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Revenue" xlink:label="ifrs-full_Revenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Revenue" xlink:to="ifrs-full_Revenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Revenue_lbl" xml:lang="en-US">Net revenue</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CostOfSales" xlink:label="ifrs-full_CostOfSales" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CostOfSales" xlink:to="ifrs-full_CostOfSales_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CostOfSales_lbl" xml:lang="en-US">Cost of services</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GrossProfit" xlink:label="ifrs-full_GrossProfit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossProfit" xlink:to="ifrs-full_GrossProfit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_GrossProfit_lbl" xml:lang="en-US">Gross profit</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GeneralAndAdministrativeExpense" xlink:label="ifrs-full_GeneralAndAdministrativeExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeneralAndAdministrativeExpense" xlink:to="ifrs-full_GeneralAndAdministrativeExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US">General and administrative expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherIncome" xlink:label="ifrs-full_OtherIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherIncome" xlink:to="ifrs-full_OtherIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherIncome_lbl" xml:lang="en-US">Other (expenses) income, net</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="ifrs-full_ProfitLossFromOperatingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromOperatingActivities" xlink:to="ifrs-full_ProfitLossFromOperatingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossFromOperatingActivities_lbl" xml:lang="en-US">Operating income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceIncome" xlink:label="ifrs-full_FinanceIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceIncome" xlink:to="ifrs-full_FinanceIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinanceIncome_lbl" xml:lang="en-US">Finance income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceCosts" xlink:label="ifrs-full_FinanceCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceCosts" xlink:to="ifrs-full_FinanceCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_FinanceCosts_lbl" xml:lang="en-US">Finance expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceIncomeCost" xlink:label="ifrs-full_FinanceIncomeCost" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceIncomeCost" xlink:to="ifrs-full_FinanceIncomeCost_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_FinanceIncomeCost_lbl" xml:lang="en-US">Finance result</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Share of income of associate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ifrs-full_ProfitLossBeforeTax" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossBeforeTax" xlink:to="ifrs-full_ProfitLossBeforeTax_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US">Income before income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US">Income taxes expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss" xlink:label="ifrs-full_ProfitLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLoss" xlink:to="ifrs-full_ProfitLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">Net income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="ifrs-full_OtherComprehensiveIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncome" xlink:to="ifrs-full_OtherComprehensiveIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US">Other comprehensive income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncome" xlink:label="ifrs-full_ComprehensiveIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncome" xlink:to="ifrs-full_ComprehensiveIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US">Total comprehensive income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToAbstract" xlink:label="ifrs-full_ProfitLossAttributableToAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToAbstract" xlink:to="ifrs-full_ProfitLossAttributableToAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToAbstract_lbl" xml:lang="en-US">Net income attributable to</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US">Equity holders of the parent</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Non-controlling interests</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BasicEarningsPerShareAbstract" xlink:label="ifrs-full_BasicEarningsPerShareAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicEarningsPerShareAbstract" xlink:to="ifrs-full_BasicEarningsPerShareAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BasicEarningsPerShareAbstract_lbl" xml:lang="en-US">Basic earnings per share</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BasicEarningsLossPerShare" xlink:label="ifrs-full_BasicEarningsLossPerShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicEarningsLossPerShare" xlink:to="ifrs-full_BasicEarningsLossPerShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xml:lang="en-US">Per common share (in dollars per R$)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DilutedEarningsPerShareAbstract" xlink:label="ifrs-full_DilutedEarningsPerShareAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DilutedEarningsPerShareAbstract" xlink:to="ifrs-full_DilutedEarningsPerShareAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DilutedEarningsPerShareAbstract_lbl" xml:lang="en-US">Diluted earnings per share</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DilutedEarningsLossPerShare" xlink:label="ifrs-full_DilutedEarningsLossPerShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DilutedEarningsLossPerShare" xlink:to="ifrs-full_DilutedEarningsLossPerShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DilutedEarningsLossPerShare_lbl" xml:lang="en-US">Per common share (in dollars per R$)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfChangesInEquityTable" xlink:label="ifrs-full_StatementOfChangesInEquityTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfChangesInEquityTable" xlink:to="ifrs-full_StatementOfChangesInEquityTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfChangesInEquityTable_lbl" xml:lang="en-US">Statement of changes in equity [table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfChangesInEquityLineItems" xlink:label="ifrs-full_StatementOfChangesInEquityLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfChangesInEquityLineItems" xlink:to="ifrs-full_StatementOfChangesInEquityLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfChangesInEquityLineItems_lbl" xml:lang="en-US">Statement of changes in equity [line items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ChangesInEquityAbstract" xlink:label="ifrs-full_ChangesInEquityAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInEquityAbstract" xlink:to="ifrs-full_ChangesInEquityAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInEquityAbstract_lbl" xml:lang="en-US">Changes in equity [Roll forward]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Equity_2_lbl" xml:lang="en-US">Balances at beginning</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLoss" xlink:to="ifrs-full_ProfitLoss_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLoss_2_lbl" xml:lang="en-US">Net income</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncome" xlink:to="ifrs-full_ComprehensiveIncome_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncome_2_lbl" xml:lang="en-US">Total comprehensive income</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CapitalIncreaseWithCash" xlink:label="afya_CapitalIncreaseWithCash" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CapitalIncreaseWithCash" xlink:to="afya_CapitalIncreaseWithCash_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CapitalIncreaseWithCash_lbl" xml:lang="en-US">Capital increase with cash</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughOtherContributionsByOwners" xlink:label="ifrs-full_IncreaseDecreaseThroughOtherContributionsByOwners" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughOtherContributionsByOwners" xlink:to="ifrs-full_IncreaseDecreaseThroughOtherContributionsByOwners_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughOtherContributionsByOwners_lbl" xml:lang="en-US">Capital increase from shares contribution of shareholders</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CapitalIncreaseWithReserves" xlink:label="afya_CapitalIncreaseWithReserves" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CapitalIncreaseWithReserves" xlink:to="afya_CapitalIncreaseWithReserves_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CapitalIncreaseWithReserves_lbl" xml:lang="en-US">Capital increase with reserve</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CapitalIncreaseFromCorporateReorganization" xlink:label="afya_CapitalIncreaseFromCorporateReorganization" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CapitalIncreaseFromCorporateReorganization" xlink:to="afya_CapitalIncreaseFromCorporateReorganization_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CapitalIncreaseFromCorporateReorganization_lbl" xml:lang="en-US">Capital increase from the corporate reorganization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_lbl" xml:lang="en-US">Capital increase with contribution of IPTAN and IESVAP</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaid" xlink:label="ifrs-full_DividendsPaid" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaid" xlink:to="ifrs-full_DividendsPaid_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsPaid_lbl" xml:lang="en-US">Dividends declared</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:label="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:to="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_lbl" xml:lang="en-US">Share-based compensation</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AllocationToAdditionalPaidinCapital" xlink:label="afya_AllocationToAdditionalPaidinCapital" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AllocationToAdditionalPaidinCapital" xlink:to="afya_AllocationToAdditionalPaidinCapital_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AllocationToAdditionalPaidinCapital_lbl" xml:lang="en-US">Allocation to additional paid-in capital</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DividendsCancelled" xlink:label="afya_DividendsCancelled" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DividendsCancelled" xlink:to="afya_DividendsCancelled_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DividendsCancelled_lbl" xml:lang="en-US">Dividends cancelled</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CorporateReorganization" xlink:label="afya_CorporateReorganization" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CorporateReorganization" xlink:to="afya_CorporateReorganization_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CorporateReorganization_lbl" xml:lang="en-US">Corporate reorganization</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LegalReserve" xlink:label="afya_LegalReserve" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LegalReserve" xlink:to="afya_LegalReserve_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LegalReserve_lbl" xml:lang="en-US">Legal reserve</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssueOfEquity" xlink:label="ifrs-full_IssueOfEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssueOfEquity" xlink:to="ifrs-full_IssueOfEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssueOfEquity_lbl" xml:lang="en-US">Issuance of common shares in follow-on public offering</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DividendsDeclaredToNoncontrollingInterests" xlink:label="afya_DividendsDeclaredToNoncontrollingInterests" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DividendsDeclaredToNoncontrollingInterests" xlink:to="afya_DividendsDeclaredToNoncontrollingInterests_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DividendsDeclaredToNoncontrollingInterests_lbl" xml:lang="en-US">Dividends declared to non-controlling interests</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareIssueRelatedCost" xlink:label="ifrs-full_ShareIssueRelatedCost" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareIssueRelatedCost" xlink:to="ifrs-full_ShareIssueRelatedCost_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ShareIssueRelatedCost_lbl" xml:lang="en-US">Share issuance cost</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NonControlingInterestsArisingOnBusinessCombination" xlink:label="afya_NonControlingInterestsArisingOnBusinessCombination" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NonControlingInterestsArisingOnBusinessCombination" xlink:to="afya_NonControlingInterestsArisingOnBusinessCombination_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NonControlingInterestsArisingOnBusinessCombination_lbl" xml:lang="en-US">Non controling interest arising on business combination</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_EarningsRetention" xlink:label="afya_EarningsRetention" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EarningsRetention" xlink:to="afya_EarningsRetention_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_EarningsRetention_lbl" xml:lang="en-US">Earning retention</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_Equity_3_lbl" xml:lang="en-US">Balances at ending</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfCashFlowsAbstract" xlink:label="ifrs-full_StatementOfCashFlowsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfCashFlowsAbstract" xlink:to="ifrs-full_StatementOfCashFlowsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US">Statement of cash flows [abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Operating activities</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IncomeLossBeforeIncomeTaxes" xlink:label="afya_IncomeLossBeforeIncomeTaxes" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncomeLossBeforeIncomeTaxes" xlink:to="afya_IncomeLossBeforeIncomeTaxes_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="afya_IncomeLossBeforeIncomeTaxes_lbl" xml:lang="en-US">Income before income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" xml:lang="en-US">Adjustments to reconcile income before income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:label="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:to="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_lbl" xml:lang="en-US">Depreciation and amortization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:to="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Disposals of property and equipment</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AllowanceForDoubtfulAccountsOfOpeartingActivities" xlink:label="afya_AllowanceForDoubtfulAccountsOfOpeartingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AllowanceForDoubtfulAccountsOfOpeartingActivities" xlink:to="afya_AllowanceForDoubtfulAccountsOfOpeartingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AllowanceForDoubtfulAccountsOfOpeartingActivities_lbl" xml:lang="en-US">Allowance for doubtful accounts</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForSharebasedPayments" xlink:label="ifrs-full_AdjustmentsForSharebasedPayments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForSharebasedPayments" xlink:to="ifrs-full_AdjustmentsForSharebasedPayments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForSharebasedPayments_lbl" xml:lang="en-US">Share-based compensation expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:label="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:to="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains_lbl" xml:lang="en-US">Net foreign exchange differences</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForFinanceCosts" xlink:label="ifrs-full_AdjustmentsForFinanceCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForFinanceCosts" xlink:to="ifrs-full_AdjustmentsForFinanceCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForFinanceCosts_lbl" xml:lang="en-US">Net loss (gain) on derivatives</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccruedInterestOfOpeartingActivities" xlink:label="afya_AccruedInterestOfOpeartingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccruedInterestOfOpeartingActivities" xlink:to="afya_AccruedInterestOfOpeartingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AccruedInterestOfOpeartingActivities_lbl" xml:lang="en-US">Accrued interest</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:label="ifrs-full_InterestExpenseOnLeaseLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:to="ifrs-full_InterestExpenseOnLeaseLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseOnLeaseLiabilities_lbl" xml:lang="en-US">Accrued lease interest</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ShareOfIncomeOfAssociateOfOpeartingActivities" xlink:label="afya_ShareOfIncomeOfAssociateOfOpeartingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ShareOfIncomeOfAssociateOfOpeartingActivities" xlink:to="afya_ShareOfIncomeOfAssociateOfOpeartingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="afya_ShareOfIncomeOfAssociateOfOpeartingActivities_lbl" xml:lang="en-US">Share of income of associate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForProvisions" xlink:label="ifrs-full_AdjustmentsForProvisions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForProvisions" xlink:to="ifrs-full_AdjustmentsForProvisions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForProvisions_lbl" xml:lang="en-US">Provision for legal proceedings</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherAdjustmentsToReconcileProfitLoss" xlink:label="ifrs-full_OtherAdjustmentsToReconcileProfitLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAdjustmentsToReconcileProfitLoss" xlink:to="ifrs-full_OtherAdjustmentsToReconcileProfitLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherAdjustmentsToReconcileProfitLoss_lbl" xml:lang="en-US">Others</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IncreaseDecreaseInOperatingLiabilities1Abstract" xlink:label="afya_IncreaseDecreaseInOperatingLiabilities1Abstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseDecreaseInOperatingLiabilities1Abstract" xlink:to="afya_IncreaseDecreaseInOperatingLiabilities1Abstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IncreaseDecreaseInOperatingLiabilities1Abstract_lbl" xml:lang="en-US">Changes in assets and liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_lbl" xml:lang="en-US">Trade receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories_lbl" xml:lang="en-US">Inventories</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IncreaseDecreaseInRecoverableTaxes" xlink:label="afya_IncreaseDecreaseInRecoverableTaxes" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseDecreaseInRecoverableTaxes" xlink:to="afya_IncreaseDecreaseInRecoverableTaxes_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="afya_IncreaseDecreaseInRecoverableTaxes_lbl" xml:lang="en-US">Recoverable taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_lbl" xml:lang="en-US">Other assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_lbl" xml:lang="en-US">Trade payables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:label="ifrs-full_AdjustmentsForIncomeTaxExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:to="ifrs-full_AdjustmentsForIncomeTaxExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForIncomeTaxExpense_lbl" xml:lang="en-US">Taxes payables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers_lbl" xml:lang="en-US">Advances from customers</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherAdjustmentsForNoncashItems" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAdjustmentsForNoncashItems" xlink:to="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" xml:lang="en-US">Labor and social obligations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_lbl" xml:lang="en-US">Other liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForReconcileProfitLoss" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForReconcileProfitLoss" xlink:to="ifrs-full_AdjustmentsForReconcileProfitLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLoss_lbl" xml:lang="en-US">Total adjustments to reconcile income with net cash from operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:label="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:to="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Income taxes paid</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xml:lang="en-US">Net cash flows from operating activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">Investing activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Acquisition of property and equipment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:label="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Acquisition of intangibles assets</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RestrictedCashOfInvestingActivities" xlink:label="afya_RestrictedCashOfInvestingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RestrictedCashOfInvestingActivities" xlink:to="afya_RestrictedCashOfInvestingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_RestrictedCashOfInvestingActivities_lbl" xml:lang="en-US">Restricted cash</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_PaymentsOfNotesPayable" xlink:label="afya_PaymentsOfNotesPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PaymentsOfNotesPayable" xlink:to="afya_PaymentsOfNotesPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_PaymentsOfNotesPayable_lbl" xml:lang="en-US">Payments of notes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:label="ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Acquisition of subsidiaries, net of cash acquired</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAdvancesAndLoansFromRelatedParties" xlink:label="ifrs-full_CashAdvancesAndLoansFromRelatedParties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAdvancesAndLoansFromRelatedParties" xlink:to="ifrs-full_CashAdvancesAndLoansFromRelatedParties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAdvancesAndLoansFromRelatedParties_lbl" xml:lang="en-US">Loans to related parties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xml:lang="en-US">Net cash flows used in investing activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US">Financing activities</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IssuanceOfLoansAndFinancing" xlink:label="afya_IssuanceOfLoansAndFinancing" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IssuanceOfLoansAndFinancing" xlink:to="afya_IssuanceOfLoansAndFinancing_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IssuanceOfLoansAndFinancing_lbl" xml:lang="en-US">Issuance of loans and financing</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:label="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_lbl" xml:lang="en-US">Payments of loans and financing</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_lbl" xml:lang="en-US">Payments of lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashRepaymentsOfAdvancesAndLoansFromRelatedParties" xlink:label="ifrs-full_CashRepaymentsOfAdvancesAndLoansFromRelatedParties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashRepaymentsOfAdvancesAndLoansFromRelatedParties" xlink:to="ifrs-full_CashRepaymentsOfAdvancesAndLoansFromRelatedParties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CashRepaymentsOfAdvancesAndLoansFromRelatedParties_lbl" xml:lang="en-US">Related parties loans</link:label>
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_2_lbl" xlink:type="arc" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_CashAndCashEquivalents_3_lbl" xml:lang="en-US">Cash and cash equivalents at the end of the year</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" />
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      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SignificantAccountingPoliciesAbstract" xlink:label="afya_SignificantAccountingPoliciesAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SignificantAccountingPoliciesAbstract_lbl" xml:lang="en-US">Significant Accounting Policies [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:label="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_lbl" xml:lang="en-US">Significant accounting policies</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SignificantAccountingEstimatesAndAssumptionsAbstract" xlink:label="afya_SignificantAccountingEstimatesAndAssumptionsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SignificantAccountingEstimatesAndAssumptionsAbstract" xlink:to="afya_SignificantAccountingEstimatesAndAssumptionsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SignificantAccountingEstimatesAndAssumptionsAbstract_lbl" xml:lang="en-US">Significant Accounting Estimates And Assumptions</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SignificantAccountingEstimatesAndAssumptionsExplanatory" xlink:label="afya_SignificantAccountingEstimatesAndAssumptionsExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SignificantAccountingEstimatesAndAssumptionsExplanatory" xlink:to="afya_SignificantAccountingEstimatesAndAssumptionsExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SignificantAccountingEstimatesAndAssumptionsExplanatory_lbl" xml:lang="en-US">Significant accounting estimates and assumptions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsAbstract_lbl" xml:lang="en-US">Disclosure of operating segments [abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:label="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" />
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      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_BusinessCombinationAbstract" xlink:label="afya_BusinessCombinationAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BusinessCombinationAbstract" xlink:to="afya_BusinessCombinationAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_BusinessCombinationAbstract_lbl" xml:lang="en-US">Business Combinations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:to="ifrs-full_DisclosureOfBusinessCombinationsExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsExplanatory_lbl" xml:lang="en-US">Business combinations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalentsAbstract" xlink:label="ifrs-full_CashAndCashEquivalentsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalentsAbstract" xlink:to="ifrs-full_CashAndCashEquivalentsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalentsAbstract_lbl" xml:lang="en-US">Cash and cash equivalents [abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" xlink:label="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" xlink:to="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory_lbl" xml:lang="en-US">Cash and cash equivalents</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherReceivablesAbstract" xlink:label="ifrs-full_TradeAndOtherReceivablesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherReceivablesAbstract" xlink:to="ifrs-full_TradeAndOtherReceivablesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherReceivablesAbstract_lbl" xml:lang="en-US">Trade and other receivables [abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:label="ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RelatedPartyTransactionsAbstract" xlink:label="ifrs-full_RelatedPartyTransactionsAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RelatedPartyTransactionsAbstract_lbl" xml:lang="en-US">Related party transactions [abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:label="ifrs-full_DisclosureOfRelatedPartyExplanatory" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfRelatedPartyExplanatory_lbl" xml:lang="en-US">Related parties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesAbstract" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesAbstract" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfJointVenturesExplanatory" xlink:label="ifrs-full_DisclosureOfJointVenturesExplanatory" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DisclosureOfJointVenturesExplanatory_lbl" xml:lang="en-US">Investment in associate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:label="ifrs-full_PropertyPlantAndEquipmentAbstract" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsAndGoodwillAbstract" xlink:label="ifrs-full_IntangibleAssetsAndGoodwillAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsAndGoodwillAbstract_lbl" xml:lang="en-US">Intangible assets and goodwill [abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsExplanatory" />
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      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FinancialAssetsAndFinancialLiabilitiesAbstract" xlink:label="afya_FinancialAssetsAndFinancialLiabilitiesAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LaborAndSocialObligationsAbstract_lbl" xml:lang="en-US">Labor And Social Obligations</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_LaborAndSocialObligationsExplanatory_lbl" xml:lang="en-US">Labor and social obligations</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ChangesInEquityAbstract_2_lbl" xml:lang="en-US">Changes in equity [abstract]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EarningsPerShareAbstract_lbl" xml:lang="en-US">Earnings per share [abstract]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfRevenueExplanatory_lbl" xml:lang="en-US">Revenue</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ExpensesAndCostByNatureAbstract" xlink:label="afya_ExpensesAndCostByNatureAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ExpensesAndCostByNatureAbstract_lbl" xml:lang="en-US">Expenses And Cost By Nature</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfExpensesByNatureExplanatory_lbl" xml:lang="en-US">Expenses and cost by nature</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FinanceResultAbstract" xlink:label="afya_FinanceResultAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinanceResultAbstract" xlink:to="afya_FinanceResultAbstract_lbl" xlink:type="arc" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:label="ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" />
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      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IncomeTaxesAbstract" xlink:label="afya_IncomeTaxesAbstract" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:label="ifrs-full_DisclosureOfIncomeTaxExplanatory" />
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      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InsuranceContractsAndContingenciesAbstract" xlink:label="afya_InsuranceContractsAndContingenciesAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInsuranceContractsExplanatory_lbl" xml:lang="en-US">Insurance contracts and contingencies</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NoncashTransactionsAbstract" xlink:label="afya_NoncashTransactionsAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NoncashTransactionsAbstract_lbl" xml:lang="en-US">Non-cash Transactions</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DisclosureNoncashTransactionsExplanatory" xlink:label="afya_DisclosureNoncashTransactionsExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DisclosureNoncashTransactionsExplanatory" xlink:to="afya_DisclosureNoncashTransactionsExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DisclosureNoncashTransactionsExplanatory_lbl" xml:lang="en-US">Non-cash transactions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" />
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      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_BusinessCombinationsAndGoodwillPolicyExplanatory" xlink:label="afya_BusinessCombinationsAndGoodwillPolicyExplanatory" />
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      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CurrentVersusNoncurrentClassificationPoliciesExplanatory" xlink:label="afya_CurrentVersusNoncurrentClassificationPoliciesExplanatory" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_lbl" xml:lang="en-US">Fair value measurement</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FinancialInstrumentsInitialRecognitionAndMeasurementPolicyExplanatory" xlink:label="afya_FinancialInstrumentsInitialRecognitionAndMeasurementPolicyExplanatory" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US">Property and equipment</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_lbl" xml:lang="en-US">Intangible assets</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ImpairmentOfNonfinancialAssetsPolicyExplanatory" xlink:to="afya_ImpairmentOfNonfinancialAssetsPolicyExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ImpairmentOfNonfinancialAssetsPolicyExplanatory_lbl" xml:lang="en-US">Impairment of non-financial assets</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PolicyExplanatoryInvestments" xlink:to="afya_PolicyExplanatoryInvestments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_PolicyExplanatoryInvestments_lbl" xml:lang="en-US">Investments</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholdersPolicyExplanatory" xlink:label="afya_AccountsPayableToSellingShareholdersPolicyExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersPolicyExplanatory" xlink:to="afya_AccountsPayableToSellingShareholdersPolicyExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_AccountsPayableToSellingShareholdersPolicyExplanatory_lbl" xml:lang="en-US">Accounts payable to selling shareholders</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_lbl" xml:lang="en-US">Provisions</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DividendsPayablePolicyExplanatory" xlink:label="afya_DividendsPayablePolicyExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DividendsPayablePolicyExplanatory" xlink:to="afya_DividendsPayablePolicyExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DividendsPayablePolicyExplanatory_lbl" xml:lang="en-US">Dividends payable</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LaborAndSocialObligationsPolicyExplanatory" xlink:label="afya_LaborAndSocialObligationsPolicyExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaborAndSocialObligationsPolicyExplanatory" xlink:to="afya_LaborAndSocialObligationsPolicyExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_LaborAndSocialObligationsPolicyExplanatory_lbl" xml:lang="en-US">Labor and social obligations</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SharebasedPaymentsPolicyExplanatory" xlink:label="afya_SharebasedPaymentsPolicyExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SharebasedPaymentsPolicyExplanatory" xlink:to="afya_SharebasedPaymentsPolicyExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SharebasedPaymentsPolicyExplanatory_lbl" xml:lang="en-US">Share-based payments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:label="ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory_lbl" xml:lang="en-US">Revenue from contracts with customers</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TaxesPolicyExplanation" xlink:label="afya_TaxesPolicyExplanation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxesPolicyExplanation" xlink:to="afya_TaxesPolicyExplanation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TaxesPolicyExplanation_lbl" xml:lang="en-US">Taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SummaryOfSubsidiariesJointVenturesAndJointOperationsTableTextBlock" xlink:label="afya_SummaryOfSubsidiariesJointVenturesAndJointOperationsTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfSubsidiariesJointVenturesAndJointOperationsTableTextBlock" xlink:to="afya_SummaryOfSubsidiariesJointVenturesAndJointOperationsTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SummaryOfSubsidiariesJointVenturesAndJointOperationsTableTextBlock_lbl" xml:lang="en-US">Schedule of subsidiaries, joint ventures and joint operations</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfEstimatedUsefulLives" xlink:label="afya_ScheduleOfEstimatedUsefulLives" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfEstimatedUsefulLives" xlink:to="afya_ScheduleOfEstimatedUsefulLives_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfEstimatedUsefulLives_lbl" xml:lang="en-US">Schedule of estimated useful lives</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfAssetsAndLiabilitiesInformationForCompanysOperatingSegmentsExplanatory" xlink:label="afya_ScheduleOfAssetsAndLiabilitiesInformationForCompanysOperatingSegmentsExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfAssetsAndLiabilitiesInformationForCompanysOperatingSegmentsExplanatory" xlink:to="afya_ScheduleOfAssetsAndLiabilitiesInformationForCompanysOperatingSegmentsExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfAssetsAndLiabilitiesInformationForCompanysOperatingSegmentsExplanatory_lbl" xml:lang="en-US">Schedule of assets and liabilities information for the company's operating segments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory_lbl" xml:lang="en-US">Schedule of operating income for each operating segment</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilitiesAcquiredtableTextBlock" xlink:label="afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilitiesAcquiredtableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilitiesAcquiredtableTextBlock" xlink:to="afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilitiesAcquiredtableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilitiesAcquiredtableTextBlock_lbl" xml:lang="en-US">Schedule of preliminary fair values of the identifiable assets acquired and liabilities acquired</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfAcquisitionOfUniredentorTableTextBlock" xlink:label="afya_ScheduleOfAcquisitionOfUniredentorTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfAcquisitionOfUniredentorTableTextBlock" xlink:to="afya_ScheduleOfAcquisitionOfUniredentorTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfAcquisitionOfUniredentorTableTextBlock_lbl" xml:lang="en-US">Schedule of acquisition of UniRedentor</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfAcquisitionOfUnislTableTextBlock" xlink:label="afya_ScheduleOfAcquisitionOfUnislTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfAcquisitionOfUnislTableTextBlock" xlink:to="afya_ScheduleOfAcquisitionOfUnislTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfAcquisitionOfUnislTableTextBlock_lbl" xml:lang="en-US">Schedule of acquisition of UniSL</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfAcquisitionOfPebmedTableTextBlock" xlink:label="afya_ScheduleOfAcquisitionOfPebmedTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfAcquisitionOfPebmedTableTextBlock" xlink:to="afya_ScheduleOfAcquisitionOfPebmedTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfAcquisitionOfPebmedTableTextBlock_lbl" xml:lang="en-US">Schedule of acquisition of PEBMED</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfAcquisitionOfFesarTableTextBlock" xlink:label="afya_ScheduleOfAcquisitionOfFesarTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfAcquisitionOfFesarTableTextBlock" xlink:to="afya_ScheduleOfAcquisitionOfFesarTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfAcquisitionOfFesarTableTextBlock_lbl" xml:lang="en-US">Schedule of acquisition of FESAR</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfAcquisitionOfMedphoneTableTextBlock" xlink:label="afya_ScheduleOfAcquisitionOfMedphoneTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfAcquisitionOfMedphoneTableTextBlock" xlink:to="afya_ScheduleOfAcquisitionOfMedphoneTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfAcquisitionOfMedphoneTableTextBlock_lbl" xml:lang="en-US">Schedule of acquisition of MedPhone</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfAcquisitionOfFcmpbTableTextBlock" xlink:label="afya_ScheduleOfAcquisitionOfFcmpbTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfAcquisitionOfFcmpbTableTextBlock" xlink:to="afya_ScheduleOfAcquisitionOfFcmpbTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfAcquisitionOfFcmpbTableTextBlock_lbl" xml:lang="en-US">Schedule of acquisition of FCMPB</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilities" xlink:label="afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilities" xlink:to="afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilities_lbl" xml:lang="en-US">Schedule of preliminary fair values of the identifiable assets acquired and liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AcquisitionOfGuardayaExplanatory" xlink:label="afya_AcquisitionOfGuardayaExplanatory" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AcquisitionOfGuardayaExplanatory_lbl" xml:lang="en-US">Schedule of acquisition of Guardaya</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AcquisitionOfFasaExplanatory" xlink:label="afya_AcquisitionOfFasaExplanatory" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AcquisitionOfFasaExplanatory_lbl" xml:lang="en-US">Schedule of acquisition of FASA</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AcquisitionOfIpemedExplanatory" xlink:label="afya_AcquisitionOfIpemedExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AcquisitionOfIpemedExplanatory" xlink:to="afya_AcquisitionOfIpemedExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AcquisitionOfIpemedExplanatory_lbl" xml:lang="en-US">Schedule of acquisition of IPEMED</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsExplanatory" xlink:label="afya_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsExplanatory" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsExplanatory_lbl" xml:lang="en-US">Schedule of cash and cash equivalents</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DisclosureOfTradeAndOtherReceivables1Explanatory" xlink:label="afya_DisclosureOfTradeAndOtherReceivables1Explanatory" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DisclosureOfTradeAndOtherReceivables1Explanatory_lbl" xml:lang="en-US">Schedule of trade accounts receivable, net and notes receivable</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DisclosureOfTradeAccountsReceivableByAgingExplanatory" xlink:label="afya_DisclosureOfTradeAccountsReceivableByAgingExplanatory" />
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      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AllowanceForDoubtfulAccountsExplanatory" xlink:label="afya_AllowanceForDoubtfulAccountsExplanatory" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AllowanceForDoubtfulAccountsExplanatory_lbl" xml:lang="en-US">Schedule of allowance for doubtful accounts</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfRelatedPartiesExplanatory" xlink:label="afya_ScheduleOfRelatedPartiesExplanatory" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfRelatedPartiesExplanatory_lbl" xml:lang="en-US">Schedule of related parties</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SummaryOfKeyManagementPersonnelCompensationTableTextBlock" xlink:label="afya_SummaryOfKeyManagementPersonnelCompensationTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfKeyManagementPersonnelCompensationTableTextBlock" xlink:to="afya_SummaryOfKeyManagementPersonnelCompensationTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SummaryOfKeyManagementPersonnelCompensationTableTextBlock_lbl" xml:lang="en-US">Schedule of key management personnel compensation</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfInvestments" xlink:label="afya_ScheduleOfInvestments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfInvestments" xlink:to="afya_ScheduleOfInvestments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfInvestments_lbl" xml:lang="en-US">Schedule of investments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US">Schedule of detailed information about property, plant and equipment</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SummaryOfIntangibleAssetsTableTextBlock" xlink:label="afya_SummaryOfIntangibleAssetsTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfIntangibleAssetsTableTextBlock" xlink:to="afya_SummaryOfIntangibleAssetsTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SummaryOfIntangibleAssetsTableTextBlock_lbl" xml:lang="en-US">Schedule of intangible assets</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SummaryOfAssumptionsForIntangibleAssetImpairmentTestTableTextBlock" xlink:label="afya_SummaryOfAssumptionsForIntangibleAssetImpairmentTestTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfAssumptionsForIntangibleAssetImpairmentTestTableTextBlock" xlink:to="afya_SummaryOfAssumptionsForIntangibleAssetImpairmentTestTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SummaryOfAssumptionsForIntangibleAssetImpairmentTestTableTextBlock_lbl" xml:lang="en-US">Schedule of assumptions for impairment test</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SummaryOfEstimatedUsefulLivesOfIntangibleAssetsTableTextBlock" xlink:label="afya_SummaryOfEstimatedUsefulLivesOfIntangibleAssetsTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfEstimatedUsefulLivesOfIntangibleAssetsTableTextBlock" xlink:to="afya_SummaryOfEstimatedUsefulLivesOfIntangibleAssetsTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_SummaryOfEstimatedUsefulLivesOfIntangibleAssetsTableTextBlock_lbl" xml:lang="en-US">Schedule of estimated useful lives</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FinancialAssetsExplanatory" xlink:label="afya_FinancialAssetsExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinancialAssetsExplanatory" xlink:to="afya_FinancialAssetsExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_FinancialAssetsExplanatory_lbl" xml:lang="en-US">Schedule of financial assets</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FinancialLiabilitiesExplanatory" xlink:label="afya_FinancialLiabilitiesExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinancialLiabilitiesExplanatory" xlink:to="afya_FinancialLiabilitiesExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_FinancialLiabilitiesExplanatory_lbl" xml:lang="en-US">Schedule of financial liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LoansAndFinancingExplanatory" xlink:label="afya_LoansAndFinancingExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingExplanatory" xlink:to="afya_LoansAndFinancingExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LoansAndFinancingExplanatory_lbl" xml:lang="en-US">Schedule of loans and financing</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SummarizesNotionalAndFairValueAmountsOfSwapAgreementsAs" xlink:label="afya_SummarizesNotionalAndFairValueAmountsOfSwapAgreementsAs" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummarizesNotionalAndFairValueAmountsOfSwapAgreementsAs" xlink:to="afya_SummarizesNotionalAndFairValueAmountsOfSwapAgreementsAs_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SummarizesNotionalAndFairValueAmountsOfSwapAgreementsAs_lbl" xml:lang="en-US">Schedule of summarizes the notional and fair value amounts of the swap agreements</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LeasesExplanatory" xlink:label="afya_LeasesExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LeasesExplanatory" xlink:to="afya_LeasesExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LeasesExplanatory_lbl" xml:lang="en-US">Schedule of right-of-use assets and lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholdersExplanatory" xlink:label="afya_AccountsPayableToSellingShareholdersExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersExplanatory" xlink:to="afya_AccountsPayableToSellingShareholdersExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AccountsPayableToSellingShareholdersExplanatory_lbl" xml:lang="en-US">Schedule of accounts payable to selling shareholders</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfCarryingAmountOfNotesPayableTableTextBlock" xlink:label="afya_ScheduleOfCarryingAmountOfNotesPayableTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfCarryingAmountOfNotesPayableTableTextBlock" xlink:to="afya_ScheduleOfCarryingAmountOfNotesPayableTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfCarryingAmountOfNotesPayableTableTextBlock_lbl" xml:lang="en-US">Schedule of carrying amount of notes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FairValuesExplanatory" xlink:label="afya_FairValuesExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FairValuesExplanatory" xlink:to="afya_FairValuesExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_FairValuesExplanatory_lbl" xml:lang="en-US">Schedule of fair values</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SummaryOfSensitivityAnalysisEffectsOnIncomeStatementTableTextBlock" xlink:label="afya_SummaryOfSensitivityAnalysisEffectsOnIncomeStatementTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfSensitivityAnalysisEffectsOnIncomeStatementTableTextBlock" xlink:to="afya_SummaryOfSensitivityAnalysisEffectsOnIncomeStatementTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SummaryOfSensitivityAnalysisEffectsOnIncomeStatementTableTextBlock_lbl" xml:lang="en-US">Schedule of sensitivity analysis effects on income statement</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SummaryOfCurrenciesUsedInSensitivityAnalysisTableTextBlock" xlink:label="afya_SummaryOfCurrenciesUsedInSensitivityAnalysisTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfCurrenciesUsedInSensitivityAnalysisTableTextBlock" xlink:to="afya_SummaryOfCurrenciesUsedInSensitivityAnalysisTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SummaryOfCurrenciesUsedInSensitivityAnalysisTableTextBlock_lbl" xml:lang="en-US">Schedule of currencies used in sensitivity analysis</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SummaryOfContractualMaturitiesOfFinancialLiabilitiesTableTextBlock" xlink:label="afya_SummaryOfContractualMaturitiesOfFinancialLiabilitiesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfContractualMaturitiesOfFinancialLiabilitiesTableTextBlock" xlink:to="afya_SummaryOfContractualMaturitiesOfFinancialLiabilitiesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SummaryOfContractualMaturitiesOfFinancialLiabilitiesTableTextBlock_lbl" xml:lang="en-US">Schedule of contractual maturities of financial liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ChangesInLiabilitiesArisingFromFinancingActivitiesExplanatory" xlink:label="afya_ChangesInLiabilitiesArisingFromFinancingActivitiesExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ChangesInLiabilitiesArisingFromFinancingActivitiesExplanatory" xlink:to="afya_ChangesInLiabilitiesArisingFromFinancingActivitiesExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ChangesInLiabilitiesArisingFromFinancingActivitiesExplanatory_lbl" xml:lang="en-US">Schedule of changes in liabilities arising from financing activities</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfFairValueMeasurementExplanaory" xlink:label="afya_ScheduleOfFairValueMeasurementExplanaory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfFairValueMeasurementExplanaory" xlink:to="afya_ScheduleOfFairValueMeasurementExplanaory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfFairValueMeasurementExplanaory_lbl" xml:lang="en-US">Schedule of fair value measurement</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfCapitalManagementExplanatory" xlink:label="afya_ScheduleOfCapitalManagementExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfCapitalManagementExplanatory" xlink:to="afya_ScheduleOfCapitalManagementExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfCapitalManagementExplanatory_lbl" xml:lang="en-US">Schedule of capital management</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfInputsToModelUsedToDetermineFairValueOfStockOptions" xlink:label="afya_ScheduleOfInputsToModelUsedToDetermineFairValueOfStockOptions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfInputsToModelUsedToDetermineFairValueOfStockOptions" xlink:to="afya_ScheduleOfInputsToModelUsedToDetermineFairValueOfStockOptions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfInputsToModelUsedToDetermineFairValueOfStockOptions_lbl" xml:lang="en-US">Schedule of inputs to the model used to determine the fair value of the stock options</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfIllustratesNumberAndMovementsInStockOptions" xlink:label="afya_ScheduleOfIllustratesNumberAndMovementsInStockOptions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfIllustratesNumberAndMovementsInStockOptions" xlink:to="afya_ScheduleOfIllustratesNumberAndMovementsInStockOptions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfIllustratesNumberAndMovementsInStockOptions_lbl" xml:lang="en-US">Schedule of illustrates the number and movements in stock options</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfSharebasedCompensationPlan" xlink:label="afya_ScheduleOfSharebasedCompensationPlan" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfSharebasedCompensationPlan" xlink:to="afya_ScheduleOfSharebasedCompensationPlan_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfSharebasedCompensationPlan_lbl" xml:lang="en-US">Schedule of share-based compensation plan</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfModelUsedToDetermineFairValueOfStockOptions" xlink:label="afya_ScheduleOfModelUsedToDetermineFairValueOfStockOptions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfModelUsedToDetermineFairValueOfStockOptions" xlink:to="afya_ScheduleOfModelUsedToDetermineFairValueOfStockOptions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfModelUsedToDetermineFairValueOfStockOptions_lbl" xml:lang="en-US">Schedule of model used to determine the fair value of the stock options</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DisclosureOfEarningsPerShareTableExplanatory" xlink:label="afya_DisclosureOfEarningsPerShareTableExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DisclosureOfEarningsPerShareTableExplanatory" xlink:to="afya_DisclosureOfEarningsPerShareTableExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DisclosureOfEarningsPerShareTableExplanatory_lbl" xml:lang="en-US">Schedule of earnings per share</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfNetSalesRevenueExplanatory" xlink:label="afya_ScheduleOfNetSalesRevenueExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfNetSalesRevenueExplanatory" xlink:to="afya_ScheduleOfNetSalesRevenueExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfNetSalesRevenueExplanatory_lbl" xml:lang="en-US">Schedule of net sales revenue</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfRevenueBySegment" xlink:label="afya_ScheduleOfRevenueBySegment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfRevenueBySegment" xlink:to="afya_ScheduleOfRevenueBySegment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfRevenueBySegment_lbl" xml:lang="en-US">Schedule of revenue by segment</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SummaryOfExpensesByNatureTableTextBlock" xlink:label="afya_SummaryOfExpensesByNatureTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfExpensesByNatureTableTextBlock" xlink:to="afya_SummaryOfExpensesByNatureTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SummaryOfExpensesByNatureTableTextBlock_lbl" xml:lang="en-US">Schedule of expenses by nature</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfFinanceResult" xlink:label="afya_ScheduleOfFinanceResult" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfFinanceResult" xlink:to="afya_ScheduleOfFinanceResult_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfFinanceResult_lbl" xml:lang="en-US">Schedule of finance result</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfReconciliationOfIncomeTaxExpenseExplanatory" xlink:label="afya_ScheduleOfReconciliationOfIncomeTaxExpenseExplanatory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfReconciliationOfIncomeTaxExpenseExplanatory" xlink:to="afya_ScheduleOfReconciliationOfIncomeTaxExpenseExplanatory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfReconciliationOfIncomeTaxExpenseExplanatory_lbl" xml:lang="en-US">Schedule of reconciliation of income tax expense</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfLegalProceedingsAndContingencies" xlink:label="afya_ScheduleOfLegalProceedingsAndContingencies" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfLegalProceedingsAndContingencies" xlink:to="afya_ScheduleOfLegalProceedingsAndContingencies_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfLegalProceedingsAndContingencies_lbl" xml:lang="en-US">Schedule of legal proceedings and contingencies</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ScheduleOfSocialSecurityProceedingsAssessedByManagement" xlink:label="afya_ScheduleOfSocialSecurityProceedingsAssessedByManagement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfSocialSecurityProceedingsAssessedByManagement" xlink:to="afya_ScheduleOfSocialSecurityProceedingsAssessedByManagement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ScheduleOfSocialSecurityProceedingsAssessedByManagement_lbl" xml:lang="en-US">Schedule of social security proceedings assessed by Management</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:to="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable_lbl" xml:lang="en-US">Disclosure of subsidiaries [table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:to="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems_lbl" xml:lang="en-US">Disclosure of subsidiaries [line items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:to="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xml:lang="en-US">Proportion of ownership interest in subsidiary</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAcquiree" xlink:label="ifrs-full_DescriptionOfAcquiree" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAcquiree" xlink:to="ifrs-full_DescriptionOfAcquiree_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAcquiree_lbl" xml:lang="en-US">Description of acquiree</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PercentageOfEntitysRevenue" xlink:label="ifrs-full_PercentageOfEntitysRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfEntitysRevenue" xlink:to="ifrs-full_PercentageOfEntitysRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PercentageOfEntitysRevenue_lbl" xml:lang="en-US">Percentage of revenue generated</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredIncome" xlink:label="ifrs-full_DeferredIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredIncome" xlink:to="ifrs-full_DeferredIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredIncome_lbl" xml:lang="en-US">Deferred revenues</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LegalProceedingsProvision" xlink:label="ifrs-full_LegalProceedingsProvision" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LegalProceedingsProvision" xlink:to="ifrs-full_LegalProceedingsProvision_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LegalProceedingsProvision_lbl" xml:lang="en-US">Amount of legal proceedings</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RightsPreferencesAndRestrictionsAttachingToClassOfShareCapital" xlink:label="ifrs-full_RightsPreferencesAndRestrictionsAttachingToClassOfShareCapital" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RightsPreferencesAndRestrictionsAttachingToClassOfShareCapital" xlink:to="ifrs-full_RightsPreferencesAndRestrictionsAttachingToClassOfShareCapital_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RightsPreferencesAndRestrictionsAttachingToClassOfShareCapital_lbl" xml:lang="en-US">Description of exchanging and rights of shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfSharesIssued" xlink:label="ifrs-full_NumberOfSharesIssued" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesIssued" xlink:to="ifrs-full_NumberOfSharesIssued_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfSharesIssued_lbl" xml:lang="en-US">Number of shares issed (shares)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ParValuePerShare" xlink:label="ifrs-full_ParValuePerShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ParValuePerShare" xlink:to="ifrs-full_ParValuePerShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ParValuePerShare_lbl" xml:lang="en-US">Par value per share</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AmountOfPurchasePrice" xlink:label="afya_AmountOfPurchasePrice" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AmountOfPurchasePrice" xlink:to="afya_AmountOfPurchasePrice_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AmountOfPurchasePrice_lbl" xml:lang="en-US">Amount of purchase price</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:label="ifrs-full_ProceedsFromIssueOfOrdinaryShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:to="ifrs-full_ProceedsFromIssueOfOrdinaryShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromIssueOfOrdinaryShares_lbl" xml:lang="en-US">Proceeds from issue of shares</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ProceedsFromIssueOfOrdinarySharesNet" xlink:label="afya_ProceedsFromIssueOfOrdinarySharesNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ProceedsFromIssueOfOrdinarySharesNet" xlink:to="afya_ProceedsFromIssueOfOrdinarySharesNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ProceedsFromIssueOfOrdinarySharesNet_lbl" xml:lang="en-US">Net proceeds from issue of shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FeeAndCommissionExpense" xlink:label="ifrs-full_FeeAndCommissionExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FeeAndCommissionExpense" xlink:to="ifrs-full_FeeAndCommissionExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FeeAndCommissionExpense_lbl" xml:lang="en-US">Fee and commission expense</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_OtherOfferingExpenses" xlink:label="afya_OtherOfferingExpenses" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OtherOfferingExpenses" xlink:to="afya_OtherOfferingExpenses_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_OtherOfferingExpenses_lbl" xml:lang="en-US">Other offering expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareIssueRelatedCost" xlink:to="ifrs-full_ShareIssueRelatedCost_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShareIssueRelatedCost_2_lbl" xml:lang="en-US">Share issuance costs</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TransferredAmountToGBankAccounts" xlink:label="afya_TransferredAmountToGBankAccounts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TransferredAmountToGBankAccounts" xlink:to="afya_TransferredAmountToGBankAccounts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TransferredAmountToGBankAccounts_lbl" xml:lang="en-US">Transferred amount to bank accounts</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:to="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl" xml:lang="en-US">Percentage of voting equity interests acquired</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NumberOfAdditionalCommonSharesIssued" xlink:label="afya_NumberOfAdditionalCommonSharesIssued" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NumberOfAdditionalCommonSharesIssued" xlink:to="afya_NumberOfAdditionalCommonSharesIssued_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NumberOfAdditionalCommonSharesIssued_lbl" xml:lang="en-US">Number of additional common shares issued</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AdditionalOfferingPrice" xlink:label="afya_AdditionalOfferingPrice" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AdditionalOfferingPrice" xlink:to="afya_AdditionalOfferingPrice_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AdditionalOfferingPrice_lbl" xml:lang="en-US">Additional offering price</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AdditionalSharesGrossProceeds" xlink:label="afya_AdditionalSharesGrossProceeds" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AdditionalSharesGrossProceeds" xlink:to="afya_AdditionalSharesGrossProceeds_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AdditionalSharesGrossProceeds_lbl" xml:lang="en-US">Additional shares gross proceeds</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NetProceedsOfAdditionalShares" xlink:label="afya_NetProceedsOfAdditionalShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NetProceedsOfAdditionalShares" xlink:to="afya_NetProceedsOfAdditionalShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NetProceedsOfAdditionalShares_lbl" xml:lang="en-US">Net proceeds of additional shares</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SignificantAccountingPoliciesTable" xlink:label="afya_SignificantAccountingPoliciesTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SignificantAccountingPoliciesTable" xlink:to="afya_SignificantAccountingPoliciesTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SignificantAccountingPoliciesTable_lbl" xml:lang="en-US">SignificantAccountingPoliciesTable [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SignificantAccountingPoliciesLineItems" xlink:label="afya_SignificantAccountingPoliciesLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SignificantAccountingPoliciesLineItems" xlink:to="afya_SignificantAccountingPoliciesLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SignificantAccountingPoliciesLineItems_lbl" xml:lang="en-US">SignificantAccountingPoliciesLineItems [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NameOfSubsidiary" xlink:label="ifrs-full_NameOfSubsidiary" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NameOfSubsidiary" xlink:to="ifrs-full_NameOfSubsidiary_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NameOfSubsidiary_lbl" xml:lang="en-US">Name of Subsidiary</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NameOfAssociate" xlink:label="ifrs-full_NameOfAssociate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NameOfAssociate" xlink:to="ifrs-full_NameOfAssociate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NameOfAssociate_lbl" xml:lang="en-US">Name of associate</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_PrincipalActivities" xlink:label="afya_PrincipalActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PrincipalActivities" xlink:to="afya_PrincipalActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_PrincipalActivities_lbl" xml:lang="en-US">Principal activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary" xlink:label="ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary" xlink:to="ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary_lbl" xml:lang="en-US">Location of subsidiary</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PrincipalPlaceOfBusinessOfAssociate" xlink:label="ifrs-full_PrincipalPlaceOfBusinessOfAssociate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PrincipalPlaceOfBusinessOfAssociate" xlink:to="ifrs-full_PrincipalPlaceOfBusinessOfAssociate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PrincipalPlaceOfBusinessOfAssociate_lbl" xml:lang="en-US">Location of associate</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InvestmentType" xlink:label="afya_InvestmentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InvestmentType" xlink:to="afya_InvestmentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InvestmentType_lbl" xml:lang="en-US">Investment type</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" xlink:label="ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" xlink:to="ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests_lbl" xml:lang="en-US">Direct and indirect interest of subsidiary</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:to="ifrs-full_ProportionOfOwnershipInterestInAssociate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate_lbl" xml:lang="en-US">Direct and indirect interest of associate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:to="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_lbl" xml:lang="en-US">Useful lives of assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ApplicableTaxRate" xlink:label="ifrs-full_ApplicableTaxRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ApplicableTaxRate" xlink:to="ifrs-full_ApplicableTaxRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ApplicableTaxRate_lbl" xml:lang="en-US">Tax rate</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ContractualLeaseTerm" xlink:label="afya_ContractualLeaseTerm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ContractualLeaseTerm" xlink:to="afya_ContractualLeaseTerm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ContractualLeaseTerm_lbl" xml:lang="en-US">Lease term</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_BudgetsAndForecastCoverPeriod" xlink:label="afya_BudgetsAndForecastCoverPeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BudgetsAndForecastCoverPeriod" xlink:to="afya_BudgetsAndForecastCoverPeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_BudgetsAndForecastCoverPeriod_lbl" xml:lang="en-US">Budgets and forecast cover period</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsTable_lbl" xml:lang="en-US">Disclosure of operating segments [table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsLineItems_lbl" xml:lang="en-US">Disclosure of operating segments [line items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssets" xlink:to="ifrs-full_CurrentAssets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentAssets_2_lbl" xml:lang="en-US">Current assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_NoncurrentAssets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncurrentAssets_2_lbl" xml:lang="en-US">Non-current assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAndLiabilities" xlink:to="ifrs-full_EquityAndLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAndLiabilities_2_lbl" xml:lang="en-US">Total liabilities and equity</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentLiabilities_2_lbl" xml:lang="en-US">Current liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilities" xlink:to="ifrs-full_NoncurrentLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncurrentLiabilities_2_lbl" xml:lang="en-US">Non-current liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Equity_4_lbl" xml:lang="en-US">Equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentsInAssociates" xlink:label="ifrs-full_InvestmentsInAssociates" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInAssociates" xlink:to="ifrs-full_InvestmentsInAssociates_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsInAssociates_lbl" xml:lang="en-US">Investments in associate</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CapitalExpenditures" xlink:label="afya_CapitalExpenditures" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CapitalExpenditures" xlink:to="afya_CapitalExpenditures_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CapitalExpenditures_lbl" xml:lang="en-US">Capital expenditures</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DepositsFromExternalCustomer" xlink:label="afya_DepositsFromExternalCustomer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DepositsFromExternalCustomer" xlink:to="afya_DepositsFromExternalCustomer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DepositsFromExternalCustomer_lbl" xml:lang="en-US">External costumer</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InterSegment" xlink:label="afya_InterSegment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InterSegment" xlink:to="afya_InterSegment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InterSegment_lbl" xml:lang="en-US">Inter-segment</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossProfit" xlink:to="ifrs-full_GrossProfit_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossProfit_2_lbl" xml:lang="en-US">Gross profit</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherGainsLosses" xlink:label="ifrs-full_OtherGainsLosses" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherGainsLosses" xlink:to="ifrs-full_OtherGainsLosses_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherGainsLosses_lbl" xml:lang="en-US">Other expenses, net</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromOperatingActivities" xlink:to="ifrs-full_ProfitLossFromOperatingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossFromOperatingActivities_2_lbl" xml:lang="en-US">Operating profit</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FinanceExpense" xlink:label="afya_FinanceExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinanceExpense" xlink:to="afya_FinanceExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_FinanceExpense_lbl" xml:lang="en-US">Finance expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_lbl" xml:lang="en-US">Share of income of associate</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossBeforeTax" xlink:to="ifrs-full_ProfitLossBeforeTax_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossBeforeTax_2_lbl" xml:lang="en-US">Income before income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NumberOfReportableSegmentNumberOfReportableSegment" xlink:label="afya_NumberOfReportableSegmentNumberOfReportableSegment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NumberOfReportableSegmentNumberOfReportableSegment" xlink:to="afya_NumberOfReportableSegmentNumberOfReportableSegment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NumberOfReportableSegmentNumberOfReportableSegment_lbl" xml:lang="en-US">Number of reportable segments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Capital expense on acquisitions of property and equipment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Capital expense on acquisitions of intangible assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:to="ifrs-full_DisclosureOfBusinessCombinationsTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsTable_lbl" xml:lang="en-US">Disclosure of detailed information about business combination [table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:to="ifrs-full_DisclosureOfBusinessCombinationsLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsLineItems_lbl" xml:lang="en-US">Disclosure of detailed information about business combination [line items]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AssetsAsOfAcquisitionDateAbstract" xlink:label="afya_AssetsAsOfAcquisitionDateAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AssetsAsOfAcquisitionDateAbstract" xlink:to="afya_AssetsAsOfAcquisitionDateAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_AssetsAsOfAcquisitionDateAbstract_lbl" xml:lang="en-US">Assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Cash and cash and equivalents</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TradeReceivablesAsOfAcquisitionDate" xlink:label="afya_TradeReceivablesAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TradeReceivablesAsOfAcquisitionDate" xlink:to="afya_TradeReceivablesAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_TradeReceivablesAsOfAcquisitionDate_lbl" xml:lang="en-US">Trade receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InventoryRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_InventoryRecognisedAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InventoryRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_InventoryRecognisedAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InventoryRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Inventories</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RecoverableTaxesAsOfAcquisitionDate" xlink:label="afya_RecoverableTaxesAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RecoverableTaxesAsOfAcquisitionDate" xlink:to="afya_RecoverableTaxesAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_RecoverableTaxesAsOfAcquisitionDate_lbl" xml:lang="en-US">Recoverable taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_OtherAssetsAsOfAcquisitionDate" xlink:label="afya_OtherAssetsAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OtherAssetsAsOfAcquisitionDate" xlink:to="afya_OtherAssetsAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_OtherAssetsAsOfAcquisitionDate_lbl" xml:lang="en-US">Other assets</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IndemnificationAssets" xlink:label="afya_IndemnificationAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IndemnificationAssets" xlink:to="afya_IndemnificationAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IndemnificationAssets_lbl" xml:lang="en-US">Indemnification assets</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RightOfUseAssetsAsOfAcquisitionDate" xlink:label="afya_RightOfUseAssetsAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightOfUseAssetsAsOfAcquisitionDate" xlink:to="afya_RightOfUseAssetsAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_RightOfUseAssetsAsOfAcquisitionDate_lbl" xml:lang="en-US">Right-of-use assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_2_lbl" xml:lang="en-US">Property and equipment</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_2_lbl" xml:lang="en-US">Intangible assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Total Assets</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LiabilitiesAsOfAcquisitionDateAbstract" xlink:label="afya_LiabilitiesAsOfAcquisitionDateAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LiabilitiesAsOfAcquisitionDateAbstract" xlink:to="afya_LiabilitiesAsOfAcquisitionDateAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_LiabilitiesAsOfAcquisitionDateAbstract_lbl" xml:lang="en-US">Liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Trade payables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Loans and financing</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LeaseLiabilitiesAsOfAcquisitionDate" xlink:label="afya_LeaseLiabilitiesAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LeaseLiabilitiesAsOfAcquisitionDate" xlink:to="afya_LeaseLiabilitiesAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_LeaseLiabilitiesAsOfAcquisitionDate_lbl" xml:lang="en-US">Lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LaborAndSocialObligationsAsOfAcquisitionDate" xlink:label="afya_LaborAndSocialObligationsAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaborAndSocialObligationsAsOfAcquisitionDate" xlink:to="afya_LaborAndSocialObligationsAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_LaborAndSocialObligationsAsOfAcquisitionDate_lbl" xml:lang="en-US">Labor and social obligations</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TaxesPayableAsOfAcquisitionDate" xlink:label="afya_TaxesPayableAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxesPayableAsOfAcquisitionDate" xlink:to="afya_TaxesPayableAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_TaxesPayableAsOfAcquisitionDate_lbl" xml:lang="en-US">Taxes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ProvisionForLegalProceedingsAsOfAcquisitionDate" xlink:label="afya_ProvisionForLegalProceedingsAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ProvisionForLegalProceedingsAsOfAcquisitionDate" xlink:to="afya_ProvisionForLegalProceedingsAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_ProvisionForLegalProceedingsAsOfAcquisitionDate_lbl" xml:lang="en-US">Provision for legal proceedings</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AdvancesFromCustomersAsOfAcquisitionDate" xlink:label="afya_AdvancesFromCustomersAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AdvancesFromCustomersAsOfAcquisitionDate" xlink:to="afya_AdvancesFromCustomersAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_AdvancesFromCustomersAsOfAcquisitionDate_lbl" xml:lang="en-US">Advances from customers</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NotesPayables" xlink:label="afya_NotesPayables" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotesPayables" xlink:to="afya_NotesPayables_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_NotesPayables_lbl" xml:lang="en-US">Notes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_OtherLiabilitiesAsOfAcquisitionDate" xlink:label="afya_OtherLiabilitiesAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OtherLiabilitiesAsOfAcquisitionDate" xlink:to="afya_OtherLiabilitiesAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_OtherLiabilitiesAsOfAcquisitionDate_lbl" xml:lang="en-US">Other liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Total Liabilites</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Total identifiable net assets at fair value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Preliminary goodwill arising on acquisition</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" xml:lang="en-US">Purchase consideration transferred</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashTransferred" xlink:label="ifrs-full_CashTransferred" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashTransferred" xlink:to="ifrs-full_CashTransferred_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashTransferred_lbl" xml:lang="en-US">Cash paid</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_PayablInInstallmentsAcquisitionDate" xlink:label="afya_PayablInInstallmentsAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PayablInInstallmentsAcquisitionDate" xlink:to="afya_PayablInInstallmentsAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_PayablInInstallmentsAcquisitionDate_lbl" xml:lang="en-US">Payable in installments</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_PaidInAfyaBrazilsShares" xlink:label="afya_PaidInAfyaBrazilsShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PaidInAfyaBrazilsShares" xlink:to="afya_PaidInAfyaBrazilsShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_PaidInAfyaBrazilsShares_lbl" xml:lang="en-US">Paid in Afya Brazil's shares</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AnalysisOfCashFlowsOnAcquisitionAbstract" xlink:label="afya_AnalysisOfCashFlowsOnAcquisitionAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AnalysisOfCashFlowsOnAcquisitionAbstract" xlink:to="afya_AnalysisOfCashFlowsOnAcquisitionAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AnalysisOfCashFlowsOnAcquisitionAbstract_lbl" xml:lang="en-US">Analysis of cash flows on acquisition:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" xlink:label="ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" xlink:to="ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination_lbl" xml:lang="en-US">Transaction costs (included in cash flows from operating activities)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:label="ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:to="ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_lbl" xml:lang="en-US">Cash paid, net of cash acquired with the subsidiary (included in cash flows from investing activities)</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NetOfCashFlowOnAcquisition" xlink:label="afya_NetOfCashFlowOnAcquisition" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NetOfCashFlowOnAcquisition" xlink:to="afya_NetOfCashFlowOnAcquisition_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NetOfCashFlowOnAcquisition_lbl" xml:lang="en-US">Net of cash flow on acquisition</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:to="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_2_lbl" xml:lang="en-US">Classes of intangible assets other than goodwill [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue" xlink:label="ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue" xlink:to="ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue_lbl" xml:lang="en-US">Valuation technique</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RestrictCashAsOfAcquisitionDate" xlink:label="afya_RestrictCashAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RestrictCashAsOfAcquisitionDate" xlink:to="afya_RestrictCashAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RestrictCashAsOfAcquisitionDate_lbl" xml:lang="en-US">Restrict cash</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InvestmentInAssociateAsOfAcquisitionDate" xlink:label="afya_InvestmentInAssociateAsOfAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InvestmentInAssociateAsOfAcquisitionDate" xlink:to="afya_InvestmentInAssociateAsOfAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_InvestmentInAssociateAsOfAcquisitionDate_lbl" xml:lang="en-US">Investment in associate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate" xlink:label="ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate" xlink:to="ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate_lbl" xml:lang="en-US">Non-controlling interest</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate_2_lbl" xml:lang="en-US">Goodwill arising on acquisition</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherTangibleOrIntangibleAssetsTransferred" xlink:label="ifrs-full_OtherTangibleOrIntangibleAssetsTransferred" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherTangibleOrIntangibleAssetsTransferred" xlink:to="ifrs-full_OtherTangibleOrIntangibleAssetsTransferred_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherTangibleOrIntangibleAssetsTransferred_lbl" xml:lang="en-US">Capital contribution</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:to="ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_2_lbl" xml:lang="en-US">Cash paid net of cash acquired with the subsidiary (included in cash flows from investing activities)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:to="ifrs-full_PercentageOfVotingEquityInterestsAcquired_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired_2_lbl" xml:lang="en-US">Proportion of ownership interest in subsidiary</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NumberOfSharesIssuedInAcquisition" xlink:label="afya_NumberOfSharesIssuedInAcquisition" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NumberOfSharesIssuedInAcquisition" xlink:to="afya_NumberOfSharesIssuedInAcquisition_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NumberOfSharesIssuedInAcquisition_lbl" xml:lang="en-US">Number of shares issued in acquisition</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfConversionOfDebtToEquity" xlink:label="ifrs-full_DescriptionOfConversionOfDebtToEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfConversionOfDebtToEquity" xlink:to="ifrs-full_DescriptionOfConversionOfDebtToEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfConversionOfDebtToEquity_lbl" xml:lang="en-US">Description of conversion of debt to equity</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate_3_lbl" xml:lang="en-US">Goodwill recognised</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueOfAcquiree" xlink:label="ifrs-full_RevenueOfAcquiree" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueOfAcquiree" xlink:to="ifrs-full_RevenueOfAcquiree_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueOfAcquiree_lbl" xml:lang="en-US">Revenue of acquiree since acquisition date</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ProfitLossBeforeIncomeTaxOfAcquiree" xlink:label="afya_ProfitLossBeforeIncomeTaxOfAcquiree" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ProfitLossBeforeIncomeTaxOfAcquiree" xlink:to="afya_ProfitLossBeforeIncomeTaxOfAcquiree_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ProfitLossBeforeIncomeTaxOfAcquiree_lbl" xml:lang="en-US">Profit (loss) of acquiree since acquisition date</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueOfCombinedEntity" xlink:label="ifrs-full_RevenueOfCombinedEntity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueOfCombinedEntity" xlink:to="ifrs-full_RevenueOfCombinedEntity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueOfCombinedEntity_lbl" xml:lang="en-US">Revenue of combined entity as if combination occurred at beginning of period</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ProfitLossBeforeIncomeTaxOfCombinedEntity" xlink:label="afya_ProfitLossBeforeIncomeTaxOfCombinedEntity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ProfitLossBeforeIncomeTaxOfCombinedEntity" xlink:to="afya_ProfitLossBeforeIncomeTaxOfCombinedEntity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ProfitLossBeforeIncomeTaxOfCombinedEntity_lbl" xml:lang="en-US">Profit (loss) of combined entity as if combination occurred at beginning of period</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" xlink:to="ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination_2_lbl" xml:lang="en-US">Transaction costs</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DescriptionOfAdjustment" xlink:label="afya_DescriptionOfAdjustment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DescriptionOfAdjustment" xlink:to="afya_DescriptionOfAdjustment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DescriptionOfAdjustment_lbl" xml:lang="en-US">Description of adjustment</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossBeforeTax" xlink:to="ifrs-full_ProfitLossBeforeTax_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossBeforeTax_3_lbl" xml:lang="en-US">Income loss before income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IncreaseInRevenue" xlink:label="afya_IncreaseInRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseInRevenue" xlink:to="afya_IncreaseInRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IncreaseInRevenue_lbl" xml:lang="en-US">Increase in revenue</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DecreasedInIncomeBeforeIncomeTaxes" xlink:label="afya_DecreasedInIncomeBeforeIncomeTaxes" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DecreasedInIncomeBeforeIncomeTaxes" xlink:to="afya_DecreasedInIncomeBeforeIncomeTaxes_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DecreasedInIncomeBeforeIncomeTaxes_lbl" xml:lang="en-US">Decreased in income before income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AdditionalPaymentMade" xlink:label="afya_AdditionalPaymentMade" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AdditionalPaymentMade" xlink:to="afya_AdditionalPaymentMade_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AdditionalPaymentMade_lbl" xml:lang="en-US">Additional payment made</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IncreaseInIncomeBeforeIncomeTaxes" xlink:label="afya_IncreaseInIncomeBeforeIncomeTaxes" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseInIncomeBeforeIncomeTaxes" xlink:to="afya_IncreaseInIncomeBeforeIncomeTaxes_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IncreaseInIncomeBeforeIncomeTaxes_lbl" xml:lang="en-US">Increase in income before income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Cash" xlink:label="ifrs-full_Cash" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Cash" xlink:to="ifrs-full_Cash_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Cash_lbl" xml:lang="en-US">Cash and bank deposits</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashEquivalents" xlink:label="ifrs-full_CashEquivalents" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashEquivalents" xlink:to="ifrs-full_CashEquivalents_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashEquivalents_lbl" xml:lang="en-US">Cash equivalents (a)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashAndCashEquivalents_4_lbl" xml:lang="en-US">Cash and cash equivalents</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CashAndCashEquivalentTable" xlink:label="afya_CashAndCashEquivalentTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CashAndCashEquivalentTable" xlink:to="afya_CashAndCashEquivalentTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CashAndCashEquivalentTable_lbl" xml:lang="en-US">CashAndCashEquivalentTable [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CashAndCashEquivalentLineItems" xlink:label="afya_CashAndCashEquivalentLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CashAndCashEquivalentLineItems" xlink:to="afya_CashAndCashEquivalentLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CashAndCashEquivalentLineItems_lbl" xml:lang="en-US">CashAndCashEquivalentLineItems [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_PercenatgeOfAverageInterestOnFinancialInstrument" xlink:label="afya_PercenatgeOfAverageInterestOnFinancialInstrument" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PercenatgeOfAverageInterestOnFinancialInstrument" xlink:to="afya_PercenatgeOfAverageInterestOnFinancialInstrument_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_PercenatgeOfAverageInterestOnFinancialInstrument_lbl" xml:lang="en-US">Percentage of average interest</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TradeAndOtherReceivablesTable" xlink:label="afya_TradeAndOtherReceivablesTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TradeAndOtherReceivablesTable" xlink:to="afya_TradeAndOtherReceivablesTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TradeAndOtherReceivablesTable_lbl" xml:lang="en-US">TradeAndOtherReceivablesTable [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TradeAndOtherReceivablesLineItems" xlink:label="afya_TradeAndOtherReceivablesLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TradeAndOtherReceivablesLineItems" xlink:to="afya_TradeAndOtherReceivablesLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TradeAndOtherReceivablesLineItems_lbl" xml:lang="en-US">TradeAndOtherReceivablesLineItems [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ProeducarMember" xlink:label="afya_ProeducarMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ProeducarMember" xlink:to="afya_ProeducarMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ProeducarMember_lbl" xml:lang="en-US">Proeducar [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ReceivablesGross" xlink:label="afya_ReceivablesGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ReceivablesGross" xlink:to="afya_ReceivablesGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ReceivablesGross_lbl" xml:lang="en-US">Trade receivables, gross</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AllowanceForDoubtfulAccountsFoReceivable" xlink:label="afya_AllowanceForDoubtfulAccountsFoReceivable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AllowanceForDoubtfulAccountsFoReceivable" xlink:to="afya_AllowanceForDoubtfulAccountsFoReceivable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="afya_AllowanceForDoubtfulAccountsFoReceivable_lbl" xml:lang="en-US">(-) Allowance for doubtful accounts</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeReceivables" xlink:label="ifrs-full_TradeReceivables" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeReceivables" xlink:to="ifrs-full_TradeReceivables_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_TradeReceivables_lbl" xml:lang="en-US">Trade receivables, net</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTradeReceivables" xlink:to="ifrs-full_CurrentTradeReceivables_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentTradeReceivables_2_lbl" xml:lang="en-US">Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentTradeReceivables" xlink:to="ifrs-full_NoncurrentTradeReceivables_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentTradeReceivables_2_lbl" xml:lang="en-US">Non-current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ReceivablesGross" xlink:to="afya_ReceivablesGross_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_ReceivablesGross_2_lbl" xml:lang="en-US">Trade receivable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US">Balance at the beginning of the year</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US">Additions</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_WriteOffFromAllowancesForDoubfulAccountsOnTradeReceivable" xlink:label="afya_WriteOffFromAllowancesForDoubfulAccountsOnTradeReceivable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_WriteOffFromAllowancesForDoubfulAccountsOnTradeReceivable" xlink:to="afya_WriteOffFromAllowancesForDoubfulAccountsOnTradeReceivable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_WriteOffFromAllowancesForDoubfulAccountsOnTradeReceivable_lbl" xml:lang="en-US">Write-offs</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_2_lbl" xml:lang="en-US">Balance at the end of the year</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable" xlink:to="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable_lbl" xml:lang="en-US">Disclosure of transactions between related parties [table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:to="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems_lbl" xml:lang="en-US">Disclosure of transactions between related parties [line items]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TradeReceivablesRelatedPartyTransactions" xlink:label="afya_TradeReceivablesRelatedPartyTransactions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TradeReceivablesRelatedPartyTransactions" xlink:to="afya_TradeReceivablesRelatedPartyTransactions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_TradeReceivablesRelatedPartyTransactions_lbl" xml:lang="en-US">Trade receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CreditsWithShareholdersRelatedPartyTransactions" xlink:label="afya_CreditsWithShareholdersRelatedPartyTransactions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CreditsWithShareholdersRelatedPartyTransactions" xlink:to="afya_CreditsWithShareholdersRelatedPartyTransactions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_CreditsWithShareholdersRelatedPartyTransactions_lbl" xml:lang="en-US">Related parties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:label="ifrs-full_AmountsReceivableRelatedPartyTransactions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:to="ifrs-full_AmountsReceivableRelatedPartyTransactions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmountsReceivableRelatedPartyTransactions_lbl" xml:lang="en-US">Total</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:to="ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties_2_lbl" xml:lang="en-US">Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentPayablesToRelatedParties" xlink:to="ifrs-full_NoncurrentPayablesToRelatedParties_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentPayablesToRelatedParties_2_lbl" xml:lang="en-US">Non-current</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_OtherIncomeRelatedPartyTransactions" xlink:label="afya_OtherIncomeRelatedPartyTransactions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OtherIncomeRelatedPartyTransactions" xlink:to="afya_OtherIncomeRelatedPartyTransactions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_OtherIncomeRelatedPartyTransactions_lbl" xml:lang="en-US">Other income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LeasesAsLesseeRelatedPartyTransactions" xlink:label="ifrs-full_LeasesAsLesseeRelatedPartyTransactions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeasesAsLesseeRelatedPartyTransactions" xlink:to="ifrs-full_LeasesAsLesseeRelatedPartyTransactions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LeasesAsLesseeRelatedPartyTransactions_lbl" xml:lang="en-US">Lease</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:label="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:to="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_lbl" xml:lang="en-US">Short-term employee benefits</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_KeyManagementPersonnelCompensation" xlink:label="ifrs-full_KeyManagementPersonnelCompensation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensation" xlink:to="ifrs-full_KeyManagementPersonnelCompensation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensation_lbl" xml:lang="en-US">Share-based compensation plans</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AmountIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntity" xlink:label="ifrs-full_AmountIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntity" xlink:to="ifrs-full_AmountIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_AmountIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntity_lbl" xml:lang="en-US">Total</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_OperatingLeaseTermOfContract" xlink:label="afya_OperatingLeaseTermOfContract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OperatingLeaseTermOfContract" xlink:to="afya_OperatingLeaseTermOfContract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_OperatingLeaseTermOfContract_lbl" xml:lang="en-US">Lease term</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LesseeFinancesLeaseRenewalTerm" xlink:label="afya_LesseeFinancesLeaseRenewalTerm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LesseeFinancesLeaseRenewalTerm" xlink:to="afya_LesseeFinancesLeaseRenewalTerm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LesseeFinancesLeaseRenewalTerm_lbl" xml:lang="en-US">Renewal term</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfEntitysRevenue" xlink:to="ifrs-full_PercentageOfEntitysRevenue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_PercentageOfEntitysRevenue_2_lbl" xml:lang="en-US">Percentage of revenue</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DescriptionOfLeaseTerm" xlink:label="afya_DescriptionOfLeaseTerm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DescriptionOfLeaseTerm" xlink:to="afya_DescriptionOfLeaseTerm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DescriptionOfLeaseTerm_lbl" xml:lang="en-US">Description of lease term</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashOutflowForLeases" xlink:label="ifrs-full_CashOutflowForLeases" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashOutflowForLeases" xlink:to="ifrs-full_CashOutflowForLeases_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashOutflowForLeases_lbl" xml:lang="en-US">Lease expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:to="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable_lbl" xml:lang="en-US">Disclosure of associates [table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:to="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems_lbl" xml:lang="en-US">Disclosure of associates [line items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentLiabilities_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CurrentLiabilities_3_lbl" xml:lang="en-US">Current liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilities" xlink:to="ifrs-full_NoncurrentLiabilities_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_NoncurrentLiabilities_3_lbl" xml:lang="en-US">Non-current liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CompanyShareInEquity" xlink:label="afya_CompanyShareInEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CompanyShareInEquity" xlink:to="afya_CompanyShareInEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CompanyShareInEquity_lbl" xml:lang="en-US">Company's share in equity - 30%</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Goodwill" xlink:label="ifrs-full_Goodwill" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Goodwill" xlink:to="ifrs-full_Goodwill_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_Goodwill_lbl" xml:lang="en-US">Goodwill</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InvestmentGrossAmount" xlink:label="afya_InvestmentGrossAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InvestmentGrossAmount" xlink:to="afya_InvestmentGrossAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="afya_InvestmentGrossAmount_lbl" xml:lang="en-US">Carrying amount of the investment</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeneralAndAdministrativeExpense" xlink:to="ifrs-full_GeneralAndAdministrativeExpense_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GeneralAndAdministrativeExpense_2_lbl" xml:lang="en-US">General and administrative expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceIncome" xlink:to="ifrs-full_FinanceIncome_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_FinanceIncome_2_lbl" xml:lang="en-US">Finance result</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="ifrs-full_IncomeTaxExpenseContinuingOperations_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_2_lbl" xml:lang="en-US">Income taxes expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLoss" xlink:to="ifrs-full_ProfitLoss_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLoss_3_lbl" xml:lang="en-US">Net income for the period (March 29 to December 31, 2019)</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CompanyShareOfProfitss" xlink:label="afya_CompanyShareOfProfitss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CompanyShareOfProfitss" xlink:to="afya_CompanyShareOfProfitss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CompanyShareOfProfitss_lbl" xml:lang="en-US">Company share of profit</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInAssociates" xlink:to="ifrs-full_InvestmentsInAssociates_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_InvestmentsInAssociates_2_lbl" xml:lang="en-US">Opening balance</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_MinorityInterestOfAcquiree" xlink:label="afya_MinorityInterestOfAcquiree" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MinorityInterestOfAcquiree" xlink:to="afya_MinorityInterestOfAcquiree_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_MinorityInterestOfAcquiree_lbl" xml:lang="en-US">Acquisition of minority interest (15%) in March 2019</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AdditionalMinorityInterestOfAcquiree" xlink:label="afya_AdditionalMinorityInterestOfAcquiree" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AdditionalMinorityInterestOfAcquiree" xlink:to="afya_AdditionalMinorityInterestOfAcquiree_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AdditionalMinorityInterestOfAcquiree_lbl" xml:lang="en-US">Acquisition of additional minority interest (15%) in June 2019</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsReceived" xlink:label="ifrs-full_DividendsReceived" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsReceived" xlink:to="ifrs-full_DividendsReceived_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DividendsReceived_lbl" xml:lang="en-US">Dividends receivable (included in Other assets)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossOfAcquiree" xlink:label="ifrs-full_ProfitLossOfAcquiree" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossOfAcquiree" xlink:to="ifrs-full_ProfitLossOfAcquiree_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossOfAcquiree_lbl" xml:lang="en-US">Share of profit from March 29 to December 31, 2019</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInAssociates" xlink:to="ifrs-full_InvestmentsInAssociates_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_InvestmentsInAssociates_3_lbl" xml:lang="en-US">Closing balance</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:to="ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_lbl" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:to="ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_lbl" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [line items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_2_lbl" xml:lang="en-US">Beginning balance</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:label="ifrs-full_DepreciationPropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:to="ifrs-full_DepreciationPropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DepreciationPropertyPlantAndEquipment_lbl" xml:lang="en-US">Depreciation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Additions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:label="ifrs-full_DisposalsPropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:to="ifrs-full_DisposalsPropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DisposalsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Disposals</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment_lbl" xml:lang="en-US">Transfers</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Business combinations</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_3_lbl" xml:lang="en-US">Ending balance</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:to="ifrs-full_DisclosureOfIntangibleAssetsTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsTable_lbl" xml:lang="en-US">Disclosure of detailed information about intangible assets [table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:to="ifrs-full_DisclosureOfIntangibleAssetsLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsLineItems_lbl" xml:lang="en-US">Disclosure of detailed information about intangible assets [line items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsAndGoodwill" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsAndGoodwill" xlink:to="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US">Intangible assets and goodwill, balance at beginnning</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Amortization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Additions</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_Disposal" xlink:label="afya_Disposal" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_Disposal" xlink:to="afya_Disposal_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_Disposal_lbl" xml:lang="en-US">Disposal</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:to="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_lbl" xml:lang="en-US">Business combinations</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsAndGoodwill" xlink:to="ifrs-full_IntangibleAssetsAndGoodwill_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_2_lbl" xml:lang="en-US">Intangible assets and goodwill, balance at end</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Goodwill" xlink:to="ifrs-full_Goodwill_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Goodwill_2_lbl" xml:lang="en-US">Goodwill</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife" xlink:label="ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife" xlink:to="ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife_lbl" xml:lang="en-US">Licenses with indefinite useful life</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CashGeneratingUnits" xlink:label="afya_CashGeneratingUnits" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CashGeneratingUnits" xlink:to="afya_CashGeneratingUnits_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CashGeneratingUnits_lbl" xml:lang="en-US">Cash generating units</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangeAxis" xlink:to="ifrs-full_RangeAxis_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RangeAxis_2_lbl" xml:lang="en-US">Range [axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Estimated useful lives of intangible assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:to="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_2_lbl" xml:lang="en-US">Adjustments during the measurement period of the business combination</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_2_lbl" xml:lang="en-US">Purchase price</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashTransferred" xlink:to="ifrs-full_CashTransferred_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashTransferred_2_lbl" xml:lang="en-US">Cash on the acquisition date</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DescriptionOfTermInstallmentPayable" xlink:label="afya_DescriptionOfTermInstallmentPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DescriptionOfTermInstallmentPayable" xlink:to="afya_DescriptionOfTermInstallmentPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DescriptionOfTermInstallmentPayable_lbl" xml:lang="en-US">Description of term installments payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:label="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:to="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections_lbl" xml:lang="en-US">Discount rate applied to cash flow projections</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections" xlink:label="ifrs-full_DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections" xlink:to="ifrs-full_DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections_lbl" xml:lang="en-US">Description of key assumptions on which management has based cash flow projections</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:label="ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:to="ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse_lbl" xml:lang="en-US">Discount rate used in current estimate of value in use</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesTable" xlink:label="ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesTable" xlink:to="ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesTable_lbl" xml:lang="en-US">Disclosure of redesignated financial assets and liabilities [table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems" xlink:label="ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems" xlink:to="ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems_lbl" xml:lang="en-US">Disclosure of redesignated financial assets and liabilities [line items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RestrictedCashAndCashEquivalents" xlink:label="ifrs-full_RestrictedCashAndCashEquivalents" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RestrictedCashAndCashEquivalents" xlink:to="ifrs-full_RestrictedCashAndCashEquivalents_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RestrictedCashAndCashEquivalents_lbl" xml:lang="en-US">Restricted cash</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeReceivables" xlink:to="ifrs-full_TradeReceivables_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TradeReceivables_2_lbl" xml:lang="en-US">Trade receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:label="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:to="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_lbl" xml:lang="en-US">Related parties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssets" xlink:label="ifrs-full_FinancialAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssets" xlink:to="ifrs-full_FinancialAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US">Total</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentFinancialAssets" xlink:label="ifrs-full_CurrentFinancialAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentFinancialAssets" xlink:to="ifrs-full_CurrentFinancialAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentFinancialAssets_lbl" xml:lang="en-US">Current</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentFinancialAssets" xlink:label="ifrs-full_NoncurrentFinancialAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentFinancialAssets" xlink:to="ifrs-full_NoncurrentFinancialAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncurrentFinancialAssets_lbl" xml:lang="en-US">Non-current</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CrossCurrencyInterestRateSwaps" xlink:label="afya_CrossCurrencyInterestRateSwaps" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CrossCurrencyInterestRateSwaps" xlink:to="afya_CrossCurrencyInterestRateSwaps_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CrossCurrencyInterestRateSwaps_lbl" xml:lang="en-US">Cross-currency interest rate swaps</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentDerivativeFinancialAssets" xlink:label="ifrs-full_CurrentDerivativeFinancialAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentDerivativeFinancialAssets" xlink:to="ifrs-full_CurrentDerivativeFinancialAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentDerivativeFinancialAssets_lbl" xml:lang="en-US">Current</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentDerivativeFinancialAssets" xlink:label="ifrs-full_NoncurrentDerivativeFinancialAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentDerivativeFinancialAssets" xlink:to="ifrs-full_NoncurrentDerivativeFinancialAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncurrentDerivativeFinancialAssets_lbl" xml:lang="en-US">Non-current</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:label="ifrs-full_TradeAndOtherPayablesToTradeSuppliers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:to="ifrs-full_TradeAndOtherPayablesToTradeSuppliers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TradeAndOtherPayablesToTradeSuppliers_lbl" xml:lang="en-US">Trade payables</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LoansAndFinancing" xlink:label="afya_LoansAndFinancing" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancing" xlink:to="afya_LoansAndFinancing_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_LoansAndFinancing_lbl" xml:lang="en-US">Loans and financing</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LeaseLiabilities" xlink:label="ifrs-full_LeaseLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseLiabilities" xlink:to="ifrs-full_LeaseLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LeaseLiabilities_lbl" xml:lang="en-US">Lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:label="ifrs-full_TradeAndOtherPayablesToRelatedParties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:to="ifrs-full_TradeAndOtherPayablesToRelatedParties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TradeAndOtherPayablesToRelatedParties_lbl" xml:lang="en-US">Accounts payable to selling shareholders</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NotePayable" xlink:label="afya_NotePayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotePayable" xlink:to="afya_NotePayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_NotePayable_lbl" xml:lang="en-US">Notes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Advances" xlink:label="ifrs-full_Advances" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Advances" xlink:to="ifrs-full_Advances_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Advances_lbl" xml:lang="en-US">Advances from customers</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilities" xlink:label="ifrs-full_FinancialLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilities" xlink:to="ifrs-full_FinancialLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialLiabilities_lbl" xml:lang="en-US">Total</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentFinancialLiabilities" xlink:label="ifrs-full_CurrentFinancialLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentFinancialLiabilities" xlink:to="ifrs-full_CurrentFinancialLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentFinancialLiabilities_lbl" xml:lang="en-US">Current</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentFinancialLiabilities" xlink:label="ifrs-full_NoncurrentFinancialLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentFinancialLiabilities" xlink:to="ifrs-full_NoncurrentFinancialLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncurrentFinancialLiabilities_lbl" xml:lang="en-US">Non-current</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DerivativeLiabilitiesCrossCurrencyInterestRateSwaps" xlink:label="afya_DerivativeLiabilitiesCrossCurrencyInterestRateSwaps" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativeLiabilitiesCrossCurrencyInterestRateSwaps" xlink:to="afya_DerivativeLiabilitiesCrossCurrencyInterestRateSwaps_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_DerivativeLiabilitiesCrossCurrencyInterestRateSwaps_lbl" xml:lang="en-US">Cross-currency interest rate swaps</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DerivativeFinancialLiabilities" xlink:label="ifrs-full_DerivativeFinancialLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialLiabilities" xlink:to="ifrs-full_DerivativeFinancialLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DerivativeFinancialLiabilities_lbl" xml:lang="en-US">Total</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:to="ifrs-full_CurrentDerivativeFinancialLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentDerivativeFinancialLiabilities_2_lbl" xml:lang="en-US">Current</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:label="ifrs-full_NoncurrentDerivativeFinancialLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:to="ifrs-full_NoncurrentDerivativeFinancialLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncurrentDerivativeFinancialLiabilities_lbl" xml:lang="en-US">Non-current</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FinancialInstitution" xlink:label="afya_FinancialInstitution" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinancialInstitution" xlink:to="afya_FinancialInstitution_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_FinancialInstitution_lbl" xml:lang="en-US">Financial institution</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BorrowingsInterestRateBasis" xlink:label="ifrs-full_BorrowingsInterestRateBasis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsInterestRateBasis" xlink:to="ifrs-full_BorrowingsInterestRateBasis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsInterestRateBasis_lbl" xml:lang="en-US">Interest rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BorrowingsMaturity" xlink:label="ifrs-full_BorrowingsMaturity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsMaturity" xlink:to="ifrs-full_BorrowingsMaturity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsMaturity_lbl" xml:lang="en-US">Maturity</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LoansAndFinancingCurrent" xlink:label="afya_LoansAndFinancingCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingCurrent" xlink:to="afya_LoansAndFinancingCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_LoansAndFinancingCurrent_lbl" xml:lang="en-US">Current</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LoansAndFinancingNonCurrent" xlink:label="afya_LoansAndFinancingNonCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingNonCurrent" xlink:to="afya_LoansAndFinancingNonCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_LoansAndFinancingNonCurrent_lbl" xml:lang="en-US">Non-current</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DerivativeInterestRateSwap" xlink:label="afya_DerivativeInterestRateSwap" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativeInterestRateSwap" xlink:to="afya_DerivativeInterestRateSwap_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DerivativeInterestRateSwap_lbl" xml:lang="en-US">Cross-currency interest rate swap</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NotionalAmount" xlink:label="ifrs-full_NotionalAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotionalAmount" xlink:to="ifrs-full_NotionalAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotionalAmount_lbl" xml:lang="en-US">Principal amount (notional)</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DerivativesNetPositionAssetsLiabilities" xlink:label="afya_DerivativesNetPositionAssetsLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativesNetPositionAssetsLiabilities" xlink:to="afya_DerivativesNetPositionAssetsLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DerivativesNetPositionAssetsLiabilities_lbl" xml:lang="en-US">Net position - assets (liabilities)</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DerivativesCurrentAssetsLiabilities" xlink:label="afya_DerivativesCurrentAssetsLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativesCurrentAssetsLiabilities" xlink:to="afya_DerivativesCurrentAssetsLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DerivativesCurrentAssetsLiabilities_lbl" xml:lang="en-US">Current assets (liabilities)</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DerivativesNoncurrentAssetsLiabilities" xlink:label="afya_DerivativesNoncurrentAssetsLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativesNoncurrentAssetsLiabilities" xlink:to="afya_DerivativesNoncurrentAssetsLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DerivativesNoncurrentAssetsLiabilities_lbl" xml:lang="en-US">Noncurrent assets (liabilities)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RightofuseAssets" xlink:to="ifrs-full_RightofuseAssets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_RightofuseAssets_2_lbl" xml:lang="en-US">Right-of-use assets, balance at beginning</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionsToRightofuseAssets" xlink:label="ifrs-full_AdditionsToRightofuseAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsToRightofuseAssets" xlink:to="ifrs-full_AdditionsToRightofuseAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionsToRightofuseAssets_lbl" xml:lang="en-US">Right-of-use assets, additions</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RightofuseAssetsRemeasurement" xlink:label="afya_RightofuseAssetsRemeasurement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightofuseAssetsRemeasurement" xlink:to="afya_RightofuseAssetsRemeasurement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RightofuseAssetsRemeasurement_lbl" xml:lang="en-US">Right-of-use assets, remeasurement</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RightofuseAssetsBusinessCombinations" xlink:label="afya_RightofuseAssetsBusinessCombinations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightofuseAssetsBusinessCombinations" xlink:to="afya_RightofuseAssetsBusinessCombinations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RightofuseAssetsBusinessCombinations_lbl" xml:lang="en-US">Right-of-use assets, business combinations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepreciationRightofuseAssets" xlink:label="ifrs-full_DepreciationRightofuseAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationRightofuseAssets" xlink:to="ifrs-full_DepreciationRightofuseAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DepreciationRightofuseAssets_lbl" xml:lang="en-US">Right-of-use assets, depreciation expense</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RightofuseAssetsInterestExpense" xlink:label="afya_RightofuseAssetsInterestExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightofuseAssetsInterestExpense" xlink:to="afya_RightofuseAssetsInterestExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RightofuseAssetsInterestExpense_lbl" xml:lang="en-US">Right-of-use assets, interest expense</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RightofuseAssetsPaymentsOfLeaseLiabilities" xlink:label="afya_RightofuseAssetsPaymentsOfLeaseLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightofuseAssetsPaymentsOfLeaseLiabilities" xlink:to="afya_RightofuseAssetsPaymentsOfLeaseLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RightofuseAssetsPaymentsOfLeaseLiabilities_lbl" xml:lang="en-US">Right-of-use assets, payments of lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RightofuseAssetsDisposals" xlink:label="afya_RightofuseAssetsDisposals" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightofuseAssetsDisposals" xlink:to="afya_RightofuseAssetsDisposals_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RightofuseAssetsDisposals_lbl" xml:lang="en-US">Right-of-use assets, disposals</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RightofuseAssets" xlink:to="ifrs-full_RightofuseAssets_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_RightofuseAssets_3_lbl" xml:lang="en-US">Right-of-use assets, balance at ending</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RightofuseAssetsCurrent" xlink:label="afya_RightofuseAssetsCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightofuseAssetsCurrent" xlink:to="afya_RightofuseAssetsCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RightofuseAssetsCurrent_lbl" xml:lang="en-US">Right-of-use assets, current</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RightofuseAssetsNonCurrent" xlink:label="afya_RightofuseAssetsNonCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightofuseAssetsNonCurrent" xlink:to="afya_RightofuseAssetsNonCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RightofuseAssetsNonCurrent_lbl" xml:lang="en-US">Right-of-use assets, non-current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseLiabilities" xlink:to="ifrs-full_LeaseLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_LeaseLiabilities_2_lbl" xml:lang="en-US">Lease liabilities, balance at beginning</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AdditionsToLeaseLiabilities" xlink:label="afya_AdditionsToLeaseLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AdditionsToLeaseLiabilities" xlink:to="afya_AdditionsToLeaseLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AdditionsToLeaseLiabilities_lbl" xml:lang="en-US">Lease liabilities, additions</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LeaseLiabilitiesRemeasurement" xlink:label="afya_LeaseLiabilitiesRemeasurement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LeaseLiabilitiesRemeasurement" xlink:to="afya_LeaseLiabilitiesRemeasurement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LeaseLiabilitiesRemeasurement_lbl" xml:lang="en-US">Lease liabilities, remeasurement</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_BusinessCombinationsLeaseLiabilities" xlink:label="afya_BusinessCombinationsLeaseLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BusinessCombinationsLeaseLiabilities" xlink:to="afya_BusinessCombinationsLeaseLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_BusinessCombinationsLeaseLiabilities_lbl" xml:lang="en-US">Lease liabilities, business combinations</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DepreciationExpenseLeaseLiabilities" xlink:label="afya_DepreciationExpenseLeaseLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DepreciationExpenseLeaseLiabilities" xlink:to="afya_DepreciationExpenseLeaseLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DepreciationExpenseLeaseLiabilities_lbl" xml:lang="en-US">Lease liabilities, depreciation expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:to="ifrs-full_InterestExpenseOnLeaseLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InterestExpenseOnLeaseLiabilities_2_lbl" xml:lang="en-US">Lease liabilities, interest expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_2_lbl" xml:lang="en-US">Lease liabilities, payments of lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LeaseLiabilitiesDisposals" xlink:label="afya_LeaseLiabilitiesDisposals" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LeaseLiabilitiesDisposals" xlink:to="afya_LeaseLiabilitiesDisposals_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LeaseLiabilitiesDisposals_lbl" xml:lang="en-US">Lease liabilities, disposals</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseLiabilities" xlink:to="ifrs-full_LeaseLiabilities_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LeaseLiabilities_3_lbl" xml:lang="en-US">Lease liabilities, balance at ending</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLeaseLiabilities" xlink:to="ifrs-full_CurrentLeaseLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentLeaseLiabilities_2_lbl" xml:lang="en-US">Lease liabilities, current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLeaseLiabilities" xlink:to="ifrs-full_NoncurrentLeaseLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentLeaseLiabilities_2_lbl" xml:lang="en-US">Lease liabilities, non-current</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholdersCurrent" xlink:label="afya_AccountsPayableToSellingShareholdersCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersCurrent" xlink:to="afya_AccountsPayableToSellingShareholdersCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_AccountsPayableToSellingShareholdersCurrent_lbl" xml:lang="en-US">Current</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholdersNonCurrent" xlink:label="afya_AccountsPayableToSellingShareholdersNonCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersNonCurrent" xlink:to="afya_AccountsPayableToSellingShareholdersNonCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_AccountsPayableToSellingShareholdersNonCurrent_lbl" xml:lang="en-US">Non-current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:to="ifrs-full_TradeAndOtherPayablesToRelatedParties_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_TradeAndOtherPayablesToRelatedParties_2_lbl" xml:lang="en-US">Opening balance</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholderCashFlows" xlink:label="afya_AccountsPayableToSellingShareholderCashFlows" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholderCashFlows" xlink:to="afya_AccountsPayableToSellingShareholderCashFlows_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AccountsPayableToSellingShareholderCashFlows_lbl" xml:lang="en-US">Cash flows</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholdersAcquisitionOfIpec" xlink:label="afya_AccountsPayableToSellingShareholdersAcquisitionOfIpec" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersAcquisitionOfIpec" xlink:to="afya_AccountsPayableToSellingShareholdersAcquisitionOfIpec_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AccountsPayableToSellingShareholdersAcquisitionOfIpec_lbl" xml:lang="en-US">Acquisition of IPEC</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestExpense" xlink:label="ifrs-full_InterestExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpense" xlink:to="ifrs-full_InterestExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en-US">Interest</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholdersBusinessCombinations" xlink:label="afya_AccountsPayableToSellingShareholdersBusinessCombinations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersBusinessCombinations" xlink:to="afya_AccountsPayableToSellingShareholdersBusinessCombinations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_AccountsPayableToSellingShareholdersBusinessCombinations_lbl" xml:lang="en-US">Business combinations</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CompensationOfLegalProceedingsDisbursement" xlink:label="afya_CompensationOfLegalProceedingsDisbursement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CompensationOfLegalProceedingsDisbursement" xlink:to="afya_CompensationOfLegalProceedingsDisbursement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CompensationOfLegalProceedingsDisbursement_lbl" xml:lang="en-US">Compensation of legal proceedings disbursement</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:to="ifrs-full_TradeAndOtherPayablesToRelatedParties_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_TradeAndOtherPayablesToRelatedParties_3_lbl" xml:lang="en-US">Closing balance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotesPayables" xlink:to="afya_NotesPayables_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="afya_NotesPayables_2_lbl" xml:lang="en-US">Notes payable beginning</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_BusinessCombination" xlink:label="afya_BusinessCombination" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BusinessCombination" xlink:to="afya_BusinessCombination_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_BusinessCombination_lbl" xml:lang="en-US">Business combination</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_Payments" xlink:label="afya_Payments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_Payments" xlink:to="afya_Payments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_Payments_lbl" xml:lang="en-US">Payments</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_MonetaryIndexation" xlink:label="afya_MonetaryIndexation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MonetaryIndexation" xlink:to="afya_MonetaryIndexation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_MonetaryIndexation_lbl" xml:lang="en-US">Monetary indexation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotesPayables" xlink:to="afya_NotesPayables_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="afya_NotesPayables_3_lbl" xml:lang="en-US">Notes payable ending</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssets" xlink:to="ifrs-full_FinancialAssets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssets_2_lbl" xml:lang="en-US">Financial assets, at carrying amount</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValue" xlink:label="ifrs-full_FinancialAssetsAtFairValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValue" xlink:to="ifrs-full_FinancialAssetsAtFairValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValue_lbl" xml:lang="en-US">Financial assets, at fair value</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilities" xlink:to="ifrs-full_FinancialLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilities_2_lbl" xml:lang="en-US">Financial liabilities, at carrying amount</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValue" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtFairValue" xlink:to="ifrs-full_FinancialLiabilitiesAtFairValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue_lbl" xml:lang="en-US">Financial liabilities, at fair value</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_InterestRateSwapLiabilityContractMember" xlink:label="afya_InterestRateSwapLiabilityContractMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InterestRateSwapLiabilityContractMember" xlink:to="afya_InterestRateSwapLiabilityContractMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_InterestRateSwapLiabilityContractMember_lbl" xml:lang="en-US">Swap - Liability Position [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholdersTwoMember" xlink:label="afya_AccountsPayableToSellingShareholdersTwoMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersTwoMember" xlink:to="afya_AccountsPayableToSellingShareholdersTwoMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AccountsPayableToSellingShareholdersTwoMember_lbl" xml:lang="en-US">AccountsPayableToSellingShareholdersTwoMember</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholdersThreeMember" xlink:label="afya_AccountsPayableToSellingShareholdersThreeMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersThreeMember" xlink:to="afya_AccountsPayableToSellingShareholdersThreeMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AccountsPayableToSellingShareholdersThreeMember_lbl" xml:lang="en-US">AccountsPayableToSellingShareholdersThreeMember</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholdersFourMember" xlink:label="afya_AccountsPayableToSellingShareholdersFourMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersFourMember" xlink:to="afya_AccountsPayableToSellingShareholdersFourMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AccountsPayableToSellingShareholdersFourMember_lbl" xml:lang="en-US">AccountsPayableToSellingShareholdersFourMember</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholdersFiveMember" xlink:label="afya_AccountsPayableToSellingShareholdersFiveMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersFiveMember" xlink:to="afya_AccountsPayableToSellingShareholdersFiveMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AccountsPayableToSellingShareholdersFiveMember_lbl" xml:lang="en-US">AccountsPayableToSellingShareholdersFiveMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssets" xlink:to="ifrs-full_FinancialAssets_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssets_3_lbl" xml:lang="en-US">Balance as of ending</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilities" xlink:to="ifrs-full_FinancialLiabilities_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilities_3_lbl" xml:lang="en-US">Balance as of ending</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IndexRatePerYear" xlink:label="afya_IndexRatePerYear" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IndexRatePerYear" xlink:to="afya_IndexRatePerYear_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IndexRatePerYear_lbl" xml:lang="en-US">Index - % per year</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_BaseRate" xlink:label="afya_BaseRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BaseRate" xlink:to="afya_BaseRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_BaseRate_lbl" xml:lang="en-US">Base rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets" xlink:to="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets_lbl" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets" xlink:to="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets_lbl" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxLiabilities" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxLiabilities" xlink:to="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxLiabilities_lbl" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxLiabilities" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxLiabilities" xlink:to="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxLiabilities_lbl" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_2_lbl" xml:lang="en-US">Cash and cash equivalents</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NotePayables" xlink:label="afya_NotePayables" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotePayables" xlink:to="afya_NotePayables_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_NotePayables_lbl" xml:lang="en-US">Notes payable</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialLiabilities" xlink:to="ifrs-full_DerivativeFinancialLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DerivativeFinancialLiabilities_2_lbl" xml:lang="en-US">Derivatives</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FinancialLiabilitiesContractualUndiscounted" xlink:label="afya_FinancialLiabilitiesContractualUndiscounted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinancialLiabilitiesContractualUndiscounted" xlink:to="afya_FinancialLiabilitiesContractualUndiscounted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="afya_FinancialLiabilitiesContractualUndiscounted_lbl" xml:lang="en-US">Financial liabilities contractual undiscounted</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:to="ifrs-full_LiabilitiesArisingFromFinancingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Liabilities arising from financing activities, beginning</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities" xlink:label="ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities" xlink:to="ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Payments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" xlink:label="ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" xlink:to="ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Addition</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities" xlink:label="afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities" xlink:to="afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Interest</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:label="ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:to="ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Foreign exchange movement</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities" xlink:label="ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities" xlink:to="ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Business combination</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:label="ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:to="ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Other</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:to="ifrs-full_LiabilitiesArisingFromFinancingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivities_2_lbl" xml:lang="en-US">Liabilities arising from financing activities, ending</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BorrowingsByNameAxis" xlink:label="ifrs-full_BorrowingsByNameAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsByNameAxis" xlink:to="ifrs-full_BorrowingsByNameAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsByNameAxis_lbl" xml:lang="en-US">Borrowings by name [axis]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ContractualLeaseTerm" xlink:to="afya_ContractualLeaseTerm_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_ContractualLeaseTerm_2_lbl" xml:lang="en-US">Contractual lease term</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed" xlink:label="ifrs-full_ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed" xlink:to="ifrs-full_ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed_lbl" xml:lang="en-US">Amount recognized lease expense from short-term leases and low-value assets</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DescriptionOfInstallmentsPayable" xlink:label="afya_DescriptionOfInstallmentsPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DescriptionOfInstallmentsPayable" xlink:to="afya_DescriptionOfInstallmentsPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DescriptionOfInstallmentsPayable_lbl" xml:lang="en-US">Description of Installments payable</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CashTransferredTransaction" xlink:label="afya_CashTransferredTransaction" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CashTransferredTransaction" xlink:to="afya_CashTransferredTransaction_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CashTransferredTransaction_lbl" xml:lang="en-US">Cash on the transaction closing date</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CreditExposure" xlink:label="ifrs-full_CreditExposure" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CreditExposure" xlink:to="ifrs-full_CreditExposure_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CreditExposure_lbl" xml:lang="en-US">Exposure risk</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SensitivityChangeInTheEuroExchangeRate" xlink:label="afya_SensitivityChangeInTheEuroExchangeRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SensitivityChangeInTheEuroExchangeRate" xlink:to="afya_SensitivityChangeInTheEuroExchangeRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SensitivityChangeInTheEuroExchangeRate_lbl" xml:lang="en-US">Percentage of sensitivity change in the Euro exchange rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClosingForeignExchangeRate" xlink:label="ifrs-full_ClosingForeignExchangeRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClosingForeignExchangeRate" xlink:to="ifrs-full_ClosingForeignExchangeRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClosingForeignExchangeRate_lbl" xml:lang="en-US">Closing foreign exchange rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:to="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable_lbl" xml:lang="en-US">Disclosure of fair value measurement of assets [table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:to="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_lbl" xml:lang="en-US">Disclosure of fair value measurement of assets [line items]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DerivativeFinancialLiabilitiesCrossCurrencyInterestRateSwaps" xlink:label="afya_DerivativeFinancialLiabilitiesCrossCurrencyInterestRateSwaps" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativeFinancialLiabilitiesCrossCurrencyInterestRateSwaps" xlink:to="afya_DerivativeFinancialLiabilitiesCrossCurrencyInterestRateSwaps_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DerivativeFinancialLiabilitiesCrossCurrencyInterestRateSwaps_lbl" xml:lang="en-US">Derivative financial liabilities, Cross-currency interest rate swaps</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DerivativeFinancialAssetsCrossCurrencyInterestRateSwaps" xlink:label="afya_DerivativeFinancialAssetsCrossCurrencyInterestRateSwaps" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativeFinancialAssetsCrossCurrencyInterestRateSwaps" xlink:to="afya_DerivativeFinancialAssetsCrossCurrencyInterestRateSwaps_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DerivativeFinancialAssetsCrossCurrencyInterestRateSwaps_lbl" xml:lang="en-US">Derivative financial assets, Cross-currency interest rate swaps</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentTradeReceivables" xlink:to="ifrs-full_NoncurrentTradeReceivables_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentTradeReceivables_3_lbl" xml:lang="en-US">Trade receivable (non-current)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RestrictedCashAndCashEquivalents" xlink:to="ifrs-full_RestrictedCashAndCashEquivalents_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RestrictedCashAndCashEquivalents_2_lbl" xml:lang="en-US">Restricted Cash</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseLiabilities" xlink:to="ifrs-full_LeaseLiabilities_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_LeaseLiabilities_4_lbl" xml:lang="en-US">Lease liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:to="ifrs-full_TradeAndOtherPayablesToRelatedParties_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TradeAndOtherPayablesToRelatedParties_4_lbl" xml:lang="en-US">Accounts payable to selling shareholders</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NotesAndDebenturesIssued" xlink:label="ifrs-full_NotesAndDebenturesIssued" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotesAndDebenturesIssued" xlink:to="ifrs-full_NotesAndDebenturesIssued_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NotesAndDebenturesIssued_lbl" xml:lang="en-US">Notes payable</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_5_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CashAndCashEquivalents_5_lbl" xml:lang="en-US">Less: cash and cash equivalents</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RestrictedCashAndCashEquivalents" xlink:to="ifrs-full_RestrictedCashAndCashEquivalents_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_RestrictedCashAndCashEquivalents_3_lbl" xml:lang="en-US">Less: restricted cash</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NetDebt" xlink:label="ifrs-full_NetDebt" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetDebt" xlink:to="ifrs-full_NetDebt_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetDebt_lbl" xml:lang="en-US">Net debt</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_EquityOne" xlink:label="afya_EquityOne" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EquityOne" xlink:to="afya_EquityOne_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_EquityOne_lbl" xml:lang="en-US">Total equity</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_EquityAndNetDebt" xlink:label="afya_EquityAndNetDebt" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EquityAndNetDebt" xlink:to="afya_EquityAndNetDebt_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="afya_EquityAndNetDebt_lbl" xml:lang="en-US">Total equity and net debt</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_WeightedAverageSharePriceShareOptionsGranted" xlink:label="afya_WeightedAverageSharePriceShareOptionsGranted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_WeightedAverageSharePriceShareOptionsGranted" xlink:to="afya_WeightedAverageSharePriceShareOptionsGranted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_WeightedAverageSharePriceShareOptionsGranted_lbl" xml:lang="en-US">Weighted average fair value at the measurement date</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted" xlink:label="ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted" xlink:to="ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted_lbl" xml:lang="en-US">Dividend yield (%)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:label="ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:to="ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted_lbl" xml:lang="en-US">Expected volatility (%)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:label="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:to="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_lbl" xml:lang="en-US">Risk-free interest rate (%)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:label="ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:to="ifrs-full_DescriptionOfOptionLifeShareOptionsGranted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfOptionLifeShareOptionsGranted_lbl" xml:lang="en-US">Expected life of stock options (years)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:label="ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:to="ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_lbl" xml:lang="en-US">Weighted average share price</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted" xlink:label="ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted" xlink:to="ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted_lbl" xml:lang="en-US">Model used</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfOutstandingShareOptions" xlink:label="ifrs-full_NumberOfOutstandingShareOptions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOutstandingShareOptions" xlink:to="ifrs-full_NumberOfOutstandingShareOptions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_lbl" xml:lang="en-US">Options outstanding at the beginning</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl" xml:lang="en-US">Granted</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_lbl" xml:lang="en-US">Forfeited</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NumberOfShareOptionsAdditionOfGuardayaPlanInSharebasedPaymentsArrangement" xlink:label="afya_NumberOfShareOptionsAdditionOfGuardayaPlanInSharebasedPaymentsArrangement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NumberOfShareOptionsAdditionOfGuardayaPlanInSharebasedPaymentsArrangement" xlink:to="afya_NumberOfShareOptionsAdditionOfGuardayaPlanInSharebasedPaymentsArrangement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NumberOfShareOptionsAdditionOfGuardayaPlanInSharebasedPaymentsArrangement_lbl" xml:lang="en-US">Addition of Guardaya's plan</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_lbl" xml:lang="en-US">Exercised</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement_lbl" xml:lang="en-US">Expired</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOutstandingShareOptions" xlink:to="ifrs-full_NumberOfOutstandingShareOptions_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_2_lbl" xml:lang="en-US">Options outstanding at the ending</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LaborAndSocialObligationsTable" xlink:label="afya_LaborAndSocialObligationsTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaborAndSocialObligationsTable" xlink:to="afya_LaborAndSocialObligationsTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LaborAndSocialObligationsTable_lbl" xml:lang="en-US">LaborAndSocialObligationsTable [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_LaborAndSocialObligationsLineItems" xlink:label="afya_LaborAndSocialObligationsLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaborAndSocialObligationsLineItems" xlink:to="afya_LaborAndSocialObligationsLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LaborAndSocialObligationsLineItems_lbl" xml:lang="en-US">LaborAndSocialObligationsLineItems [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberAndAverageNumberOfEmployeesAbstract" xlink:label="ifrs-full_NumberAndAverageNumberOfEmployeesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberAndAverageNumberOfEmployeesAbstract" xlink:to="ifrs-full_NumberAndAverageNumberOfEmployeesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberAndAverageNumberOfEmployeesAbstract_lbl" xml:lang="en-US">Number of stock options</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOutstandingShareOptions" xlink:to="ifrs-full_NumberOfOutstandingShareOptions_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_3_lbl" xml:lang="en-US">Outstanding at the beginning</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_2_lbl" xml:lang="en-US">Forfeited</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOutstandingShareOptions" xlink:to="ifrs-full_NumberOfOutstandingShareOptions_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_4_lbl" xml:lang="en-US">Outstanding at the ending</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WeightedAverageSharesAndAdjustedWeightedAverageSharesAbstract" xlink:label="ifrs-full_WeightedAverageSharesAndAdjustedWeightedAverageSharesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageSharesAndAdjustedWeightedAverageSharesAbstract" xlink:to="ifrs-full_WeightedAverageSharesAndAdjustedWeightedAverageSharesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageSharesAndAdjustedWeightedAverageSharesAbstract_lbl" xml:lang="en-US">Weighted average exercise price</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_lbl" xml:lang="en-US">Outstanding at the beginning</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_lbl" xml:lang="en-US">Granted</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_lbl" xml:lang="en-US">Forfeited</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019_lbl" xml:lang="en-US">Exercised</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019_lbl" xml:lang="en-US">Expired</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_2_lbl" xml:lang="en-US">Outstanding at the ending</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_StrikePriceeAtMeasurementDateShareOptionsGranted" xlink:label="afya_StrikePriceeAtMeasurementDateShareOptionsGranted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_StrikePriceeAtMeasurementDateShareOptionsGranted" xlink:to="afya_StrikePriceeAtMeasurementDateShareOptionsGranted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_StrikePriceeAtMeasurementDateShareOptionsGranted_lbl" xml:lang="en-US">Strike price at the measurement date</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted" xlink:label="afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted" xlink:to="afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted_lbl" xml:lang="en-US">Share price at the measurement date</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne" xlink:label="afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne" xlink:to="afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne_lbl" xml:lang="en-US">Weighted average fair value at the measurement date</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ShareBasedCompensationOfEmployees" xlink:label="afya_ShareBasedCompensationOfEmployees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ShareBasedCompensationOfEmployees" xlink:to="afya_ShareBasedCompensationOfEmployees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ShareBasedCompensationOfEmployees_lbl" xml:lang="en-US">Compensation of employees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" xlink:label="ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" xlink:to="ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement_lbl" xml:lang="en-US">Description of vesting period</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:to="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_lbl" xml:lang="en-US">Share-based compensation expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesIssued" xlink:to="ifrs-full_NumberOfSharesIssued_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NumberOfSharesIssued_2_lbl" xml:lang="en-US">Number of shares issued (in share)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromIssuingShares" xlink:label="ifrs-full_ProceedsFromIssuingShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssuingShares" xlink:to="ifrs-full_ProceedsFromIssuingShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromIssuingShares_lbl" xml:lang="en-US">Proceeds from issaunce of shares</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_2_lbl" xml:lang="en-US">Number of stock option granted</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ExercisePrice" xlink:label="afya_ExercisePrice" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ExercisePrice" xlink:to="afya_ExercisePrice_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ExercisePrice_lbl" xml:lang="en-US">Exercise price</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AnnualInstallment" xlink:label="afya_AnnualInstallment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AnnualInstallment" xlink:to="afya_AnnualInstallment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AnnualInstallment_lbl" xml:lang="en-US">Annual installments</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted" xlink:to="ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted_2_lbl" xml:lang="en-US">Stock options granted %</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:to="ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_2_lbl" xml:lang="en-US">Average per option</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_2_lbl" xml:lang="en-US">Non-adjusting events after reporting period [axis]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesIssued" xlink:to="ifrs-full_NumberOfSharesIssued_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfSharesIssued_3_lbl" xml:lang="en-US">Total number of shares</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DescriptionOfRatioOfConvertibleShares" xlink:label="afya_DescriptionOfRatioOfConvertibleShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DescriptionOfRatioOfConvertibleShares" xlink:to="afya_DescriptionOfRatioOfConvertibleShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DescriptionOfRatioOfConvertibleShares_lbl" xml:lang="en-US">Description of ratio of convertible shares</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:to="ifrs-full_ProceedsFromIssueOfOrdinaryShares_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromIssueOfOrdinaryShares_2_lbl" xml:lang="en-US">Proceeds from issue of ordinary shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:label="ifrs-full_ProceedsFromIssueOfPreferenceShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:to="ifrs-full_ProceedsFromIssueOfPreferenceShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromIssueOfPreferenceShares_lbl" xml:lang="en-US">Proceeds from issue of preference shares</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CapitalIncreaseWithEarningsReserves" xlink:label="afya_CapitalIncreaseWithEarningsReserves" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CapitalIncreaseWithEarningsReserves" xlink:to="afya_CapitalIncreaseWithEarningsReserves_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CapitalIncreaseWithEarningsReserves_lbl" xml:lang="en-US">Capital increase with earnings reserves</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears" xlink:label="ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears" xlink:to="ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears_lbl" xml:lang="en-US">Renounce of dividends for prior years</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" xlink:label="ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" xlink:to="ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates_lbl" xml:lang="en-US">Number of shares in entity held by entity or by its subsidiaries or associates</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RepurchaseOfOrdinaryShares" xlink:label="afya_RepurchaseOfOrdinaryShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RepurchaseOfOrdinaryShares" xlink:to="afya_RepurchaseOfOrdinaryShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RepurchaseOfOrdinaryShares_lbl" xml:lang="en-US">Repurchase of ordinary shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WeightedAverageSharePrice2019" xlink:label="ifrs-full_WeightedAverageSharePrice2019" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageSharePrice2019" xlink:to="ifrs-full_WeightedAverageSharePrice2019_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageSharePrice2019_lbl" xml:lang="en-US">Weighted average price</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AcquisitionPrice" xlink:label="afya_AcquisitionPrice" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AcquisitionPrice" xlink:to="afya_AcquisitionPrice_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AcquisitionPrice_lbl" xml:lang="en-US">Acquisition price</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CancellationOfDividend" xlink:label="afya_CancellationOfDividend" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CancellationOfDividend" xlink:to="afya_CancellationOfDividend_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CancellationOfDividend_lbl" xml:lang="en-US">Cancellation of dividend</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendPayables" xlink:label="ifrs-full_DividendPayables" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendPayables" xlink:to="ifrs-full_DividendPayables_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendPayables_lbl" xml:lang="en-US">Dividend payables</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AcquisitionsHeldByShareholders" xlink:label="afya_AcquisitionsHeldByShareholders" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AcquisitionsHeldByShareholders" xlink:to="afya_AcquisitionsHeldByShareholders_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_AcquisitionsHeldByShareholders_lbl" xml:lang="en-US">Acquisitions held by shareholders</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NumeratorAbstract" xlink:label="afya_NumeratorAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NumeratorAbstract" xlink:to="afya_NumeratorAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NumeratorAbstract_lbl" xml:lang="en-US">Numerator</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends" xlink:label="ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends" xlink:to="ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends_lbl" xml:lang="en-US">Net income attributable to equity holders of the parent</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DenominatorAbstract" xlink:label="afya_DenominatorAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DenominatorAbstract" xlink:to="afya_DenominatorAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DenominatorAbstract_lbl" xml:lang="en-US">Denominator</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WeightedAverageShares" xlink:label="ifrs-full_WeightedAverageShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageShares" xlink:to="ifrs-full_WeightedAverageShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageShares_lbl" xml:lang="en-US">Weighted average number of outstanding shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:label="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:to="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_lbl" xml:lang="en-US">Effects of dilution from stock options</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustedWeightedAverageShares" xlink:label="ifrs-full_AdjustedWeightedAverageShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustedWeightedAverageShares" xlink:to="ifrs-full_AdjustedWeightedAverageShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustedWeightedAverageShares_lbl" xml:lang="en-US">Weighted average number of outstanding shares adjusted for the effect of dilution</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicEarningsLossPerShare" xlink:to="ifrs-full_BasicEarningsLossPerShare_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BasicEarningsLossPerShare_2_lbl" xml:lang="en-US">Basic earnings per share (R$)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DilutedEarningsLossPerShare" xlink:to="ifrs-full_DilutedEarningsLossPerShare_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DilutedEarningsLossPerShare_2_lbl" xml:lang="en-US">Diluted earnings per share (R$)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfessionalFeesExpense" xlink:label="ifrs-full_ProfessionalFeesExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfessionalFeesExpense" xlink:to="ifrs-full_ProfessionalFeesExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ProfessionalFeesExpense_lbl" xml:lang="en-US">Tuition fees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherRevenue" xlink:label="ifrs-full_OtherRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherRevenue" xlink:to="ifrs-full_OtherRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherRevenue_lbl" xml:lang="en-US">Other</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DeductionAbstract" xlink:label="afya_DeductionAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DeductionAbstract" xlink:to="afya_DeductionAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DeductionAbstract_lbl" xml:lang="en-US">Deductions</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DeductionOfGrantedDiscounts" xlink:label="afya_DeductionOfGrantedDiscounts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DeductionOfGrantedDiscounts" xlink:to="afya_DeductionOfGrantedDiscounts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DeductionOfGrantedDiscounts_lbl" xml:lang="en-US">Granted discounts</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DeductionOfEarlyPaymentDiscounts" xlink:label="afya_DeductionOfEarlyPaymentDiscounts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DeductionOfEarlyPaymentDiscounts" xlink:to="afya_DeductionOfEarlyPaymentDiscounts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DeductionOfEarlyPaymentDiscounts_lbl" xml:lang="en-US">Early payment discounts</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DeductionOfReturnsOfNetRevenue" xlink:label="afya_DeductionOfReturnsOfNetRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DeductionOfReturnsOfNetRevenue" xlink:to="afya_DeductionOfReturnsOfNetRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DeductionOfReturnsOfNetRevenue_lbl" xml:lang="en-US">Returns</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DeductionOfTaxes" xlink:label="afya_DeductionOfTaxes" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DeductionOfTaxes" xlink:to="afya_DeductionOfTaxes_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_DeductionOfTaxes_lbl" xml:lang="en-US">Taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DeductionOfProuni" xlink:label="afya_DeductionOfProuni" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DeductionOfProuni" xlink:to="afya_DeductionOfProuni_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DeductionOfProuni_lbl" xml:lang="en-US">PROUNI</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromContractsWithCustomers" xlink:label="ifrs-full_RevenueFromContractsWithCustomers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromContractsWithCustomers" xlink:to="ifrs-full_RevenueFromContractsWithCustomers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_RevenueFromContractsWithCustomers_lbl" xml:lang="en-US">Net revenue from contracts with customers</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TimingOfRevenueRecognitionOfNetRevenueFromContractsWithCustomers" xlink:label="afya_TimingOfRevenueRecognitionOfNetRevenueFromContractsWithCustomers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TimingOfRevenueRecognitionOfNetRevenueFromContractsWithCustomers" xlink:to="afya_TimingOfRevenueRecognitionOfNetRevenueFromContractsWithCustomers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TimingOfRevenueRecognitionOfNetRevenueFromContractsWithCustomers_lbl" xml:lang="en-US">Timing of revenue recognition of net revenue from contracts with customers</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FeeAndCommissionIncome" xlink:label="ifrs-full_FeeAndCommissionIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FeeAndCommissionIncome" xlink:to="ifrs-full_FeeAndCommissionIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FeeAndCommissionIncome_lbl" xml:lang="en-US">Tuition, digital content and app subscription fees - Transferred over time</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_NetRevenueOtherTransferredPoint" xlink:label="afya_NetRevenueOtherTransferredPoint" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NetRevenueOtherTransferredPoint" xlink:to="afya_NetRevenueOtherTransferredPoint_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NetRevenueOtherTransferredPoint_lbl" xml:lang="en-US">Other - Transferred at a point in time</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RevenueTable" xlink:label="afya_RevenueTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RevenueTable" xlink:to="afya_RevenueTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RevenueTable_lbl" xml:lang="en-US">RevenueTable [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_RevenueLineItems" xlink:label="afya_RevenueLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RevenueLineItems" xlink:to="afya_RevenueLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RevenueLineItems_lbl" xml:lang="en-US">RevenueLineItems [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsToSuppliersForGoodsAndServices" xlink:label="ifrs-full_PaymentsToSuppliersForGoodsAndServices" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PaymentsToSuppliersForGoodsAndServices" xlink:to="ifrs-full_PaymentsToSuppliersForGoodsAndServices_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PaymentsToSuppliersForGoodsAndServices_lbl" xml:lang="en-US">Types of services or goods</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TimingRevenueRecognition" xlink:label="afya_TimingRevenueRecognition" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TimingRevenueRecognition" xlink:to="afya_TimingRevenueRecognition_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TimingRevenueRecognition_lbl" xml:lang="en-US">Timing of revenue recognition</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FeeAndCommissionIncome" xlink:to="ifrs-full_FeeAndCommissionIncome_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FeeAndCommissionIncome_2_lbl" xml:lang="en-US">Transferred over time</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NetRevenueOtherTransferredPoint" xlink:to="afya_NetRevenueOtherTransferredPoint_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_NetRevenueOtherTransferredPoint_2_lbl" xml:lang="en-US">Transferred at a point in time</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExpenseByNature" xlink:label="ifrs-full_ExpenseByNature" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseByNature" xlink:to="ifrs-full_ExpenseByNature_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ExpenseByNature_lbl" xml:lang="en-US">Total</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_Payroll" xlink:label="afya_Payroll" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_Payroll" xlink:to="afya_Payroll_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_Payroll_lbl" xml:lang="en-US">Payroll</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_HospitalAndMedicalAgreements" xlink:label="afya_HospitalAndMedicalAgreements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_HospitalAndMedicalAgreements" xlink:to="afya_HospitalAndMedicalAgreements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_HospitalAndMedicalAgreements_lbl" xml:lang="en-US">Hospital and medical agreements</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepreciationExpense" xlink:label="ifrs-full_DepreciationExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationExpense" xlink:to="ifrs-full_DepreciationExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DepreciationExpense_lbl" xml:lang="en-US">Depreciation and amortization</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_Rent" xlink:label="afya_Rent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_Rent" xlink:to="afya_Rent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_Rent_lbl" xml:lang="en-US">Rent</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_CommercialExpenses" xlink:label="afya_CommercialExpenses" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CommercialExpenses" xlink:to="afya_CommercialExpenses_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_CommercialExpenses_lbl" xml:lang="en-US">Commercial expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UtilitiesExpense" xlink:label="ifrs-full_UtilitiesExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UtilitiesExpense" xlink:to="ifrs-full_UtilitiesExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_UtilitiesExpense_lbl" xml:lang="en-US">Utilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RepairsAndMaintenanceExpense" xlink:label="ifrs-full_RepairsAndMaintenanceExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepairsAndMaintenanceExpense" xlink:to="ifrs-full_RepairsAndMaintenanceExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_RepairsAndMaintenanceExpense_lbl" xml:lang="en-US">Maintenance</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SharesBasedCompensation" xlink:label="afya_SharesBasedCompensation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SharesBasedCompensation" xlink:to="afya_SharesBasedCompensation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_SharesBasedCompensation_lbl" xml:lang="en-US">Share-based compensation</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TaxExpenses" xlink:label="afya_TaxExpenses" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxExpenses" xlink:to="afya_TaxExpenses_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TaxExpenses_lbl" xml:lang="en-US">Tax expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ServicesExpense" xlink:label="ifrs-full_ServicesExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ServicesExpense" xlink:to="ifrs-full_ServicesExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ServicesExpense_lbl" xml:lang="en-US">Pedagogical services</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SalesAndMarketingExpense" xlink:label="ifrs-full_SalesAndMarketingExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SalesAndMarketingExpense" xlink:to="ifrs-full_SalesAndMarketingExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_SalesAndMarketingExpense_lbl" xml:lang="en-US">Sales and marketing</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AllowanceForDoubtfulAccounts" xlink:label="afya_AllowanceForDoubtfulAccounts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AllowanceForDoubtfulAccounts" xlink:to="afya_AllowanceForDoubtfulAccounts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_AllowanceForDoubtfulAccounts_lbl" xml:lang="en-US">Allowance for doubtful accounts</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TravelExpense" xlink:label="ifrs-full_TravelExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TravelExpense" xlink:to="ifrs-full_TravelExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TravelExpense_lbl" xml:lang="en-US">Travel expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ConsultingFees" xlink:label="afya_ConsultingFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ConsultingFees" xlink:to="afya_ConsultingFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ConsultingFees_lbl" xml:lang="en-US">Consulting fees</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_Other" xlink:label="afya_Other" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_Other" xlink:to="afya_Other_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="afya_Other_lbl" xml:lang="en-US">Other</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseByNature" xlink:to="ifrs-full_ExpenseByNature_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_ExpenseByNature_2_lbl" xml:lang="en-US">Total</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentIncome" xlink:label="ifrs-full_InvestmentIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentIncome" xlink:to="ifrs-full_InvestmentIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentIncome_lbl" xml:lang="en-US">Income from financial investments</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ChangesInFairValueOfDerivativeInstruments" xlink:label="afya_ChangesInFairValueOfDerivativeInstruments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ChangesInFairValueOfDerivativeInstruments" xlink:to="afya_ChangesInFairValueOfDerivativeInstruments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ChangesInFairValueOfDerivativeInstruments_lbl" xml:lang="en-US">Changes in fair value of derivative instruments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromInterest" xlink:label="ifrs-full_RevenueFromInterest" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromInterest" xlink:to="ifrs-full_RevenueFromInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueFromInterest_lbl" xml:lang="en-US">Interest received</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NetForeignExchangeGain" xlink:label="ifrs-full_NetForeignExchangeGain" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetForeignExchangeGain" xlink:to="ifrs-full_NetForeignExchangeGain_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetForeignExchangeGain_lbl" xml:lang="en-US">Foreign exchange differences</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherFinanceIncome" xlink:label="ifrs-full_OtherFinanceIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherFinanceIncome" xlink:to="ifrs-full_OtherFinanceIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherFinanceIncome_lbl" xml:lang="en-US">Other</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceIncome" xlink:to="ifrs-full_FinanceIncome_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_FinanceIncome_3_lbl" xml:lang="en-US">Finance income</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ChangeInFairValueOfDerivativeInstruments" xlink:label="afya_ChangeInFairValueOfDerivativeInstruments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ChangeInFairValueOfDerivativeInstruments" xlink:to="afya_ChangeInFairValueOfDerivativeInstruments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="afya_ChangeInFairValueOfDerivativeInstruments_lbl" xml:lang="en-US">Change in fair value of derivative instruments</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpense" xlink:to="ifrs-full_InterestExpense_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpense_2_lbl" xml:lang="en-US">Interest expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:to="ifrs-full_InterestExpenseOnLeaseLiabilities_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpenseOnLeaseLiabilities_3_lbl" xml:lang="en-US">Interest expense on lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FinancialDiscountsGrantedExpenses" xlink:label="afya_FinancialDiscountsGrantedExpenses" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinancialDiscountsGrantedExpenses" xlink:to="afya_FinancialDiscountsGrantedExpenses_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="afya_FinancialDiscountsGrantedExpenses_lbl" xml:lang="en-US">Financial discounts granted</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BankAndSimilarCharges" xlink:label="ifrs-full_BankAndSimilarCharges" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BankAndSimilarCharges" xlink:to="ifrs-full_BankAndSimilarCharges_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_BankAndSimilarCharges_lbl" xml:lang="en-US">Bank fees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NetForeignExchangeLoss" xlink:label="ifrs-full_NetForeignExchangeLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetForeignExchangeLoss" xlink:to="ifrs-full_NetForeignExchangeLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_NetForeignExchangeLoss_lbl" xml:lang="en-US">Foreign exchange differences</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TaxOnFinancialOperations" xlink:label="afya_TaxOnFinancialOperations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxOnFinancialOperations" xlink:to="afya_TaxOnFinancialOperations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="afya_TaxOnFinancialOperations_lbl" xml:lang="en-US">IOF taxes (taxes on financial transactions)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherFinanceCost" xlink:label="ifrs-full_OtherFinanceCost" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherFinanceCost" xlink:to="ifrs-full_OtherFinanceCost_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_OtherFinanceCost_lbl" xml:lang="en-US">Other</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceCosts" xlink:to="ifrs-full_FinanceCosts_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_FinanceCosts_2_lbl" xml:lang="en-US">Finance expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FinanceResult" xlink:label="afya_FinanceResult" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinanceResult" xlink:to="afya_FinanceResult_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="afya_FinanceResult_lbl" xml:lang="en-US">Finance result</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ApplicableTaxRate" xlink:to="ifrs-full_ApplicableTaxRate_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ApplicableTaxRate_2_lbl" xml:lang="en-US">Combined statutory income taxes rate - %</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:label="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:to="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_lbl" xml:lang="en-US">Income taxes at statutory rates</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ReconciliationAdjustmentsAbstract" xlink:label="afya_ReconciliationAdjustmentsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ReconciliationAdjustmentsAbstract" xlink:to="afya_ReconciliationAdjustmentsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ReconciliationAdjustmentsAbstract_lbl" xml:lang="en-US">Reconciliation adjustments:</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TaxEffectOnIncomeFromEntitiesNotSubjectToTaxation" xlink:label="afya_TaxEffectOnIncomeFromEntitiesNotSubjectToTaxation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxEffectOnIncomeFromEntitiesNotSubjectToTaxation" xlink:to="afya_TaxEffectOnIncomeFromEntitiesNotSubjectToTaxation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TaxEffectOnIncomeFromEntitiesNotSubjectToTaxation_lbl" xml:lang="en-US">Tax effect on loss from entities not subject to taxation</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ProgramaUniversidadeParaTodosFiscalIncentive" xlink:label="afya_ProgramaUniversidadeParaTodosFiscalIncentive" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ProgramaUniversidadeParaTodosFiscalIncentive" xlink:to="afya_ProgramaUniversidadeParaTodosFiscalIncentive_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="afya_ProgramaUniversidadeParaTodosFiscalIncentive_lbl" xml:lang="en-US">PROUNI - Fiscal Incentive</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_UnrecognisedDeferredTaxAssets" xlink:label="afya_UnrecognisedDeferredTaxAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UnrecognisedDeferredTaxAssets" xlink:to="afya_UnrecognisedDeferredTaxAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_UnrecognisedDeferredTaxAssets_lbl" xml:lang="en-US">Unrecognized deferred tax assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:label="ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:to="ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss_lbl" xml:lang="en-US">Presumed profit income tax regime effect</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_PermanentAdjustments" xlink:label="afya_PermanentAdjustments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PermanentAdjustments" xlink:to="afya_PermanentAdjustments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_PermanentAdjustments_lbl" xml:lang="en-US">Permanent adjustments</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TaxEffectOverPreacquisitionLosses" xlink:label="afya_TaxEffectOverPreacquisitionLosses" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxEffectOverPreacquisitionLosses" xlink:to="afya_TaxEffectOverPreacquisitionLosses_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_TaxEffectOverPreacquisitionLosses_lbl" xml:lang="en-US">Tax effect over pre-acquisition losses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:label="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:to="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_lbl" xml:lang="en-US">Other</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxExpenseIncome" xlink:label="ifrs-full_CurrentTaxExpenseIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxExpenseIncome" xlink:to="ifrs-full_CurrentTaxExpenseIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentTaxExpenseIncome_lbl" xml:lang="en-US">Income taxes expense - current</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxRateEffectFromChangeInTaxRate" xlink:label="ifrs-full_TaxRateEffectFromChangeInTaxRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxRateEffectFromChangeInTaxRate" xlink:to="ifrs-full_TaxRateEffectFromChangeInTaxRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxRateEffectFromChangeInTaxRate_lbl" xml:lang="en-US">Effective rate</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ApplicableTaxRate" xlink:to="ifrs-full_ApplicableTaxRate_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ApplicableTaxRate_3_lbl" xml:lang="en-US">Statutory rates</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxExpenseIncome" xlink:label="ifrs-full_DeferredTaxExpenseIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxExpenseIncome" xlink:to="ifrs-full_DeferredTaxExpenseIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxExpenseIncome_lbl" xml:lang="en-US">Unrecognized deferred income tax assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfTypesOfInsuranceContractsTable" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTypesOfInsuranceContractsTable" xlink:to="ifrs-full_DisclosureOfTypesOfInsuranceContractsTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsTable_lbl" xml:lang="en-US">Disclosure of types of insurance contracts [table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems" xlink:to="ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems_lbl" xml:lang="en-US">Disclosure of types of insurance contracts [line items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Provisions" xlink:label="ifrs-full_Provisions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Provisions" xlink:to="ifrs-full_Provisions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Provisions_lbl" xml:lang="en-US">Balance as of beginning of the year</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:to="ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions_lbl" xml:lang="en-US">Business combinations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionalProvisionsOtherProvisions" xlink:label="ifrs-full_AdditionalProvisionsOtherProvisions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionalProvisionsOtherProvisions" xlink:to="ifrs-full_AdditionalProvisionsOtherProvisions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdditionalProvisionsOtherProvisions_lbl" xml:lang="en-US">Additions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UnusedProvisionReversedOtherProvisions" xlink:label="ifrs-full_UnusedProvisionReversedOtherProvisions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnusedProvisionReversedOtherProvisions" xlink:to="ifrs-full_UnusedProvisionReversedOtherProvisions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_UnusedProvisionReversedOtherProvisions_lbl" xml:lang="en-US">Reversals</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Provisions" xlink:to="ifrs-full_Provisions_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_Provisions_2_lbl" xml:lang="en-US">Balances as of end of the year</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherProvisions" xlink:label="ifrs-full_OtherProvisions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherProvisions" xlink:to="ifrs-full_OtherProvisions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherProvisions_lbl" xml:lang="en-US">Total</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_JudicialDeposits" xlink:label="afya_JudicialDeposits" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_JudicialDeposits" xlink:to="afya_JudicialDeposits_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_JudicialDeposits_lbl" xml:lang="en-US">Judicial deposits</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ContingenciesCorrespondentAmount" xlink:label="afya_ContingenciesCorrespondentAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ContingenciesCorrespondentAmount" xlink:to="afya_ContingenciesCorrespondentAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ContingenciesCorrespondentAmount_lbl" xml:lang="en-US">Contingencies correspondent amount</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:to="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable_lbl" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:to="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems_lbl" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [line items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:to="ifrs-full_PercentageOfVotingEquityInterestsAcquired_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired_3_lbl" xml:lang="en-US">Proportion of ownership interest</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_3_lbl" xml:lang="en-US">Aggregate purchase price</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DateOfAcquisition2013" xlink:label="ifrs-full_DateOfAcquisition2013" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DateOfAcquisition2013" xlink:to="ifrs-full_DateOfAcquisition2013_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DateOfAcquisition2013_lbl" xml:lang="en-US">Acquisition date</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MethodOfDeterminingFairValueOfInstrumentsOrInterests" xlink:label="ifrs-full_MethodOfDeterminingFairValueOfInstrumentsOrInterests" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MethodOfDeterminingFairValueOfInstrumentsOrInterests" xlink:to="ifrs-full_MethodOfDeterminingFairValueOfInstrumentsOrInterests_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MethodOfDeterminingFairValueOfInstrumentsOrInterests_lbl" xml:lang="en-US">Description of payement</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashTransferred" xlink:to="ifrs-full_CashTransferred_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashTransferred_3_lbl" xml:lang="en-US">Paid in cash</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityInterestsOfAcquirer" xlink:label="ifrs-full_EquityInterestsOfAcquirer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityInterestsOfAcquirer" xlink:to="ifrs-full_EquityInterestsOfAcquirer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityInterestsOfAcquirer_lbl" xml:lang="en-US">Paid in stocks</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_BusinessCombinationsTransactionCosts" xlink:label="afya_BusinessCombinationsTransactionCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BusinessCombinationsTransactionCosts" xlink:to="afya_BusinessCombinationsTransactionCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_BusinessCombinationsTransactionCosts_lbl" xml:lang="en-US">Transaction costs</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_BusinessCombinationsEarnOutAmount" xlink:label="afya_BusinessCombinationsEarnOutAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BusinessCombinationsEarnOutAmount" xlink:to="afya_BusinessCombinationsEarnOutAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_BusinessCombinationsEarnOutAmount_lbl" xml:lang="en-US">Business combinations earn out amount</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DescritionOfKeyTermsOfPerpetualConvertiblePreferredShares" xlink:label="afya_DescritionOfKeyTermsOfPerpetualConvertiblePreferredShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DescritionOfKeyTermsOfPerpetualConvertiblePreferredShares" xlink:to="afya_DescritionOfKeyTermsOfPerpetualConvertiblePreferredShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DescritionOfKeyTermsOfPerpetualConvertiblePreferredShares_lbl" xml:lang="en-US">Descrition of key terms of the perpetual convertible preferred shares</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_DescritionOfShareBasedCompensation" xlink:label="afya_DescritionOfShareBasedCompensation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DescritionOfShareBasedCompensation" xlink:to="afya_DescritionOfShareBasedCompensation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DescritionOfShareBasedCompensation_lbl" xml:lang="en-US">Descrition of Share-based compensation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholderCashFlows" xlink:to="afya_AccountsPayableToSellingShareholderCashFlows_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholderCashFlows_doc" xml:lang="en-US">The amount refers to accounts payable to selling shareholder cash flows.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersAcquisitionOfIpec" xlink:to="afya_AccountsPayableToSellingShareholdersAcquisitionOfIpec_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholdersAcquisitionOfIpec_doc" xml:lang="en-US">The amount refers to accounts payable to selling shareholders acquisition of ipec.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersBusinessCombinations" xlink:to="afya_AccountsPayableToSellingShareholdersBusinessCombinations_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholdersBusinessCombinations_doc" xml:lang="en-US">The amount refers to accounts payable to selling shareholders business combinations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersCurrent" xlink:to="afya_AccountsPayableToSellingShareholdersCurrent_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholdersCurrent_doc" xml:lang="en-US">The amount refers to accounts payable to selling shareholders current.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersExplanatory" xlink:to="afya_AccountsPayableToSellingShareholdersExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholdersExplanatory_doc" xml:lang="en-US">Disclosure of accounts payable to selling shareholders.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersFiveMember" xlink:to="afya_AccountsPayableToSellingShareholdersFiveMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholdersFiveMember_doc" xml:lang="en-US">This member stands for accounts payable to selling shareholders.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersFourMember" xlink:to="afya_AccountsPayableToSellingShareholdersFourMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholdersFourMember_doc" xml:lang="en-US">This member stands for accounts payable to selling shareholders.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersMember" xlink:to="afya_AccountsPayableToSellingShareholdersMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholdersMember_doc" xml:lang="en-US">This member stands for accounts payable to selling shareholders.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersNonCurrent" xlink:to="afya_AccountsPayableToSellingShareholdersNonCurrent_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholdersNonCurrent_doc" xml:lang="en-US">The amount refers to accounts payable to selling shareholders non current.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersOneMember" xlink:to="afya_AccountsPayableToSellingShareholdersOneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholdersOneMember_doc" xml:lang="en-US">This member stands for accounts payable to selling shareholders.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersPolicyExplanatory" xlink:to="afya_AccountsPayableToSellingShareholdersPolicyExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholdersPolicyExplanatory_doc" xml:lang="en-US">Disclosure of accounts payable to selling shareholders policy.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersSevenMember" xlink:to="afya_AccountsPayableToSellingShareholdersSevenMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholdersSevenMember_doc" xml:lang="en-US">The member stands for accounts payable to selling share holders seven.</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_AccountsPayableToSellingShareholdersSixMember" xlink:label="afya_AccountsPayableToSellingShareholdersSixMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersSixMember" xlink:to="afya_AccountsPayableToSellingShareholdersSixMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholdersSixMember_doc" xml:lang="en-US">The member stands for accounts payable to selling shareholders six.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersThreeMember" xlink:to="afya_AccountsPayableToSellingShareholdersThreeMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholdersThreeMember_doc" xml:lang="en-US">This member stands for accounts payable to selling shareholders.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccountsPayableToSellingShareholdersTwoMember" xlink:to="afya_AccountsPayableToSellingShareholdersTwoMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccountsPayableToSellingShareholdersTwoMember_doc" xml:lang="en-US">This member stands for accounts payable to selling shareholders.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AccruedInterestOfOpeartingActivities" xlink:to="afya_AccruedInterestOfOpeartingActivities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AccruedInterestOfOpeartingActivities_doc" xml:lang="en-US">The amount refers to accrued interest of opearting activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AcquisitionOfFasaExplanatory" xlink:to="afya_AcquisitionOfFasaExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AcquisitionOfFasaExplanatory_doc" xml:lang="en-US">Disclosure of acquisition of fasa.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AcquisitionOfGuardayaExplanatory" xlink:to="afya_AcquisitionOfGuardayaExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AcquisitionOfGuardayaExplanatory_doc" xml:lang="en-US">Disclosure of acquisition of guardaya.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AcquisitionOfIpemedExplanatory" xlink:to="afya_AcquisitionOfIpemedExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AcquisitionOfIpemedExplanatory_doc" xml:lang="en-US">Disclosure of acquisition of ipemed.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AcquisitionPrice" xlink:to="afya_AcquisitionPrice_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AcquisitionPrice_doc" xml:lang="en-US">It is represent the acquisition price.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AcquisitionsHeldByShareholders" xlink:to="afya_AcquisitionsHeldByShareholders_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AcquisitionsHeldByShareholders_doc" xml:lang="en-US">Amount refers to the acquisitions held by shareholders.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AdditionalMinorityInterestOfAcquiree" xlink:to="afya_AdditionalMinorityInterestOfAcquiree_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AdditionalMinorityInterestOfAcquiree_doc" xml:lang="en-US">The amount of additional acquisition of minority interest.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AdditionalOfferingPrice" xlink:to="afya_AdditionalOfferingPrice_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AdditionalOfferingPrice_doc" xml:lang="en-US">The amoutn of additional offering price.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AdditionalPaymentMade" xlink:to="afya_AdditionalPaymentMade_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AdditionalPaymentMade_doc" xml:lang="en-US">The amount of additional payment made.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AdditionalSharesGrossProceeds" xlink:to="afya_AdditionalSharesGrossProceeds_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AdditionalSharesGrossProceeds_doc" xml:lang="en-US">The amount fo additional shares gross proceeds.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AdditionsToLeaseLiabilities" xlink:to="afya_AdditionsToLeaseLiabilities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AdditionsToLeaseLiabilities_doc" xml:lang="en-US">The amount of additions to lease liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AdjustmentsAndEliminationOFInterSegmentAmountMember" xlink:to="afya_AdjustmentsAndEliminationOFInterSegmentAmountMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AdjustmentsAndEliminationOFInterSegmentAmountMember_doc" xml:lang="en-US">This member stand for the adjustments and elimination oF inter segment amount.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AdvancesFromCustomersAsOfAcquisitionDate" xlink:to="afya_AdvancesFromCustomersAsOfAcquisitionDate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AdvancesFromCustomersAsOfAcquisitionDate_doc" xml:lang="en-US">The amount recognised as of the acquisition date for advances from customers.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AfyaParticipacoesSAMember" xlink:to="afya_AfyaParticipacoesSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AfyaParticipacoesSAMember_doc" xml:lang="en-US">This member stands for entities that are controlled by another entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AllOtherSegmentsOneMember" xlink:to="afya_AllOtherSegmentsOneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AllOtherSegmentsOneMember_doc" xml:lang="en-US">This member stand for the all other segments one.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AllocationToAdditionalPaidinCapital" xlink:to="afya_AllocationToAdditionalPaidinCapital_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AllocationToAdditionalPaidinCapital_doc" xml:lang="en-US">The amount refers to allocation to additional paidin capital.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AllowanceForDoubtfulAccounts" xlink:to="afya_AllowanceForDoubtfulAccounts_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AllowanceForDoubtfulAccounts_doc" xml:lang="en-US">The amount refers to allowance for doubtful accounts.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AllowanceForDoubtfulAccountsExplanatory" xlink:to="afya_AllowanceForDoubtfulAccountsExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AllowanceForDoubtfulAccountsExplanatory_doc" xml:lang="en-US">Disclosure of allowance for doubtful accounts.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AllowanceForDoubtfulAccountsFoReceivable" xlink:to="afya_AllowanceForDoubtfulAccountsFoReceivable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AllowanceForDoubtfulAccountsFoReceivable_doc" xml:lang="en-US">The amount of allowance for doubtful accounts related to receivable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AllowanceForDoubtfulAccountsOfOpeartingActivities" xlink:to="afya_AllowanceForDoubtfulAccountsOfOpeartingActivities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AllowanceForDoubtfulAccountsOfOpeartingActivities_doc" xml:lang="en-US">The amount refers to allowance for doubtful accounts of opearting activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AnnualInstallment" xlink:to="afya_AnnualInstallment_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AnnualInstallment_doc" xml:lang="en-US">The amount of annual installment.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AssetPositionMember" xlink:to="afya_AssetPositionMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AssetPositionMember_doc" xml:lang="en-US">This member stands for asset position.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BRHealthParticipacoesSABRHealthAndGuardayaEmpreendimentosAndParticipacoesSAGuardayaMember" xlink:to="afya_BRHealthParticipacoesSABRHealthAndGuardayaEmpreendimentosAndParticipacoesSAGuardayaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_BRHealthParticipacoesSABRHealthAndGuardayaEmpreendimentosAndParticipacoesSAGuardayaMember_doc" xml:lang="en-US">This member stand for the BR health participacoes SABR health and guardaya empreendimentos and participacoes SAG uardaya.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BRHealthParticipacoesSABRHealthMember" xlink:to="afya_BRHealthParticipacoesSABRHealthMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_BRHealthParticipacoesSABRHealthMember_doc" xml:lang="en-US">This member stand for the BR health participacoes SABR health.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BankCertificatesOfDepositMember" xlink:to="afya_BankCertificatesOfDepositMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_BankCertificatesOfDepositMember_doc" xml:lang="en-US">This member stand for the bank certificates of deposit.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BaseRate" xlink:to="afya_BaseRate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_BaseRate_doc" xml:lang="en-US">The amount refers to base rate.</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_BlackRiverBrazilParticipacoesSAMember" xlink:label="afya_BlackRiverBrazilParticipacoesSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BlackRiverBrazilParticipacoesSAMember" xlink:to="afya_BlackRiverBrazilParticipacoesSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_BlackRiverBrazilParticipacoesSAMember_doc" xml:lang="en-US">The member stands for black river brazil member.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BudgetsAndForecastCoverPeriod" xlink:to="afya_BudgetsAndForecastCoverPeriod_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_BudgetsAndForecastCoverPeriod_doc" xml:lang="en-US">Information about budgets and forecast cover period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BusinessCombination" xlink:to="afya_BusinessCombination_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_BusinessCombination_doc" xml:lang="en-US">The amount of business combination.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BusinessCombinationsAndGoodwillPolicyExplanatory" xlink:to="afya_BusinessCombinationsAndGoodwillPolicyExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_BusinessCombinationsAndGoodwillPolicyExplanatory_doc" xml:lang="en-US">Disclosure of business combinations and goodwill policy.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BusinessCombinationsEarnOutAmount" xlink:to="afya_BusinessCombinationsEarnOutAmount_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_BusinessCombinationsEarnOutAmount_doc" xml:lang="en-US">The amount of business combinations earn out amount.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BusinessCombinationsLeaseLiabilities" xlink:to="afya_BusinessCombinationsLeaseLiabilities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_BusinessCombinationsLeaseLiabilities_doc" xml:lang="en-US">The amount of business combinations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_BusinessCombinationsTransactionCosts" xlink:to="afya_BusinessCombinationsTransactionCosts_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_BusinessCombinationsTransactionCosts_doc" xml:lang="en-US">The amount of business combinations transaction costs.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CBBWebServicosETransmissoesOnlineSAMember" xlink:to="afya_CBBWebServicosETransmissoesOnlineSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CBBWebServicosETransmissoesOnlineSAMember_doc" xml:lang="en-US">This member stands for entities that are controlled by another entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CancellationOfDividend" xlink:to="afya_CancellationOfDividend_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CancellationOfDividend_doc" xml:lang="en-US">The amount refers to cancellation of dividend</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CapitalExpenditures" xlink:to="afya_CapitalExpenditures_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CapitalExpenditures_doc" xml:lang="en-US">The amount related to capital expenditures.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CapitalIncreaseFromCorporateReorganization" xlink:to="afya_CapitalIncreaseFromCorporateReorganization_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CapitalIncreaseFromCorporateReorganization_doc" xml:lang="en-US">The amount refers to capital increase from corporate reorganization.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CapitalIncreaseOfFinancialActivities" xlink:to="afya_CapitalIncreaseOfFinancialActivities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CapitalIncreaseOfFinancialActivities_doc" xml:lang="en-US">The amount refers to capital increase of financial activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CapitalIncreaseWithCash" xlink:to="afya_CapitalIncreaseWithCash_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CapitalIncreaseWithCash_doc" xml:lang="en-US">The amount refers to capital increase with cash.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CapitalIncreaseWithEarningsReserves" xlink:to="afya_CapitalIncreaseWithEarningsReserves_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CapitalIncreaseWithEarningsReserves_doc" xml:lang="en-US">Amount refers to the capital increase with earning reserves.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CapitalIncreaseWithReserves" xlink:to="afya_CapitalIncreaseWithReserves_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CapitalIncreaseWithReserves_doc" xml:lang="en-US">The amount refers to capital increase with reserves.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CapitalManagementExplanatory" xlink:to="afya_CapitalManagementExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CapitalManagementExplanatory_doc" xml:lang="en-US">Disclosure of capital management.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CarryingAmountsMember" xlink:to="afya_CarryingAmountsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CarryingAmountsMember_doc" xml:lang="en-US">This member stands for carrying amounts.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CashAndCashEquivalentLineItems" xlink:to="afya_CashAndCashEquivalentLineItems_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CashAndCashEquivalentLineItems_doc" xml:lang="en-US">The line represents concepts include in a table. These concepts are used to discloure reportable information associated with domain member defined in one or more axes of the table.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CashEquivalentMember" xlink:to="afya_CashEquivalentMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CashEquivalentMember_doc" xml:lang="en-US">This member stands for the cash equivalents.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CashEquivalents1Member" xlink:to="afya_CashEquivalents1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CashEquivalents1Member_doc" xml:lang="en-US">This member stands for cash equivalents1.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CashGeneratingUnits" xlink:to="afya_CashGeneratingUnits_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CashGeneratingUnits_doc" xml:lang="en-US">The amount refers to cash generating units.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CashTransferredTransaction" xlink:to="afya_CashTransferredTransaction_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CashTransferredTransaction_doc" xml:lang="en-US">the amount of cash transferred transaction.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CentroDeCienciasEmSaudeDeItajubaSAMember" xlink:to="afya_CentroDeCienciasEmSaudeDeItajubaSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CentroDeCienciasEmSaudeDeItajubaSAMember_doc" xml:lang="en-US">This member stands for Centrode Cienciasem Saudede Itajuba SA.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CentroUniversitarioSaoLucasLtdaMember" xlink:to="afya_CentroUniversitarioSaoLucasLtdaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CentroUniversitarioSaoLucasLtdaMember_doc" xml:lang="en-US">The member stands for centro universitario sao lucas ltd.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CentroUniversitarioSaoLucasLtdaUniSLMember" xlink:to="afya_CentroUniversitarioSaoLucasLtdaUniSLMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CentroUniversitarioSaoLucasLtdaUniSLMember_doc" xml:lang="en-US">The member stands for centro university sao lucas uni SL.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ChangeInFairValueOfDerivativeInstruments" xlink:to="afya_ChangeInFairValueOfDerivativeInstruments_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ChangeInFairValueOfDerivativeInstruments_doc" xml:lang="en-US">The amount represents changes in fair value of derivative instruments expenses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ChangesInFairValueOfDerivativeInstruments" xlink:to="afya_ChangesInFairValueOfDerivativeInstruments_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ChangesInFairValueOfDerivativeInstruments_doc" xml:lang="en-US">The amount represents changes in fair value of derivative instruments income.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ChangesInLiabilitiesArisingFromFinancingActivitiesExplanatory" xlink:to="afya_ChangesInLiabilitiesArisingFromFinancingActivitiesExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ChangesInLiabilitiesArisingFromFinancingActivitiesExplanatory_doc" xml:lang="en-US">Disclosure of changes in liabilities arising from financing activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CivilMember" xlink:to="afya_CivilMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CivilMember_doc" xml:lang="en-US">This member stands for civil.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ClassACommonSharesMember" xlink:to="afya_ClassACommonSharesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ClassACommonSharesMember_doc" xml:lang="en-US">The member represent class of stock.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ClassAOrdinarySharesMember" xlink:to="afya_ClassAOrdinarySharesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ClassAOrdinarySharesMember_doc" xml:lang="en-US">This member stand for the class A ordinary shares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ClassAPreferenceSharesMember" xlink:to="afya_ClassAPreferenceSharesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ClassAPreferenceSharesMember_doc" xml:lang="en-US">This member stand for the class A preference shares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ClassBCommonSharesMember" xlink:to="afya_ClassBCommonSharesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ClassBCommonSharesMember_doc" xml:lang="en-US">The member represent class of stock.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ClassBOrdinarySharesMember" xlink:to="afya_ClassBOrdinarySharesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ClassBOrdinarySharesMember_doc" xml:lang="en-US">This member stand for the class B ordinary shares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ClassBPreferenceSharesMember" xlink:to="afya_ClassBPreferenceSharesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ClassBPreferenceSharesMember_doc" xml:lang="en-US">This member stand for the class B preference shares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CliquefarmaMember" xlink:to="afya_CliquefarmaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CliquefarmaMember_doc" xml:lang="en-US">The member stands for cliquefarma.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CommercialExpenses" xlink:to="afya_CommercialExpenses_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CommercialExpenses_doc" xml:lang="en-US">The amount refers to commercial expenses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CompanyShareInEquity" xlink:to="afya_CompanyShareInEquity_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CompanyShareInEquity_doc" xml:lang="en-US">The amount of company share in equity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CompanyShareOfProfitss" xlink:to="afya_CompanyShareOfProfitss_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CompanyShareOfProfitss_doc" xml:lang="en-US">The amount refers to company share of profitss.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CompensationOfLegalProceedingsDisbursement" xlink:to="afya_CompensationOfLegalProceedingsDisbursement_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CompensationOfLegalProceedingsDisbursement_doc" xml:lang="en-US">The amount refers to compensation of legal proceedings disbursement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ConsultingFees" xlink:to="afya_ConsultingFees_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ConsultingFees_doc" xml:lang="en-US">The amount refers to consulting fees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ContingenciesCorrespondentAmount" xlink:to="afya_ContingenciesCorrespondentAmount_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ContingenciesCorrespondentAmount_doc" xml:lang="en-US">The amount of contingencies correspondent amount.</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ContingentLiabilitieMember" xlink:label="afya_ContingentLiabilitieMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ContingentLiabilitieMember" xlink:to="afya_ContingentLiabilitieMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ContingentLiabilitieMember_doc" xml:lang="en-US">This member stands for contingent liabilitie.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ContractualLeaseTerm" xlink:to="afya_ContractualLeaseTerm_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ContractualLeaseTerm_doc" xml:lang="en-US">Information about contractual lease term.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ContributionForTheFinancingOfSocialSecurityMember" xlink:to="afya_ContributionForTheFinancingOfSocialSecurityMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ContributionForTheFinancingOfSocialSecurityMember_doc" xml:lang="en-US">The member represent tax.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CorporateReorganization" xlink:to="afya_CorporateReorganization_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CorporateReorganization_doc" xml:lang="en-US">The amount refers to corporate reorganization.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CreditsWithShareholdersRelatedPartyTransactions" xlink:to="afya_CreditsWithShareholdersRelatedPartyTransactions_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CreditsWithShareholdersRelatedPartyTransactions_doc" xml:lang="en-US">The amounts resulting from credit shareholders.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CrossCurrencyInterestRateSwaps" xlink:to="afya_CrossCurrencyInterestRateSwaps_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CrossCurrencyInterestRateSwaps_doc" xml:lang="en-US">The amount refers to cross currency interest rate swaps.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CurrentTaxesPayable" xlink:to="afya_CurrentTaxesPayable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CurrentTaxesPayable_doc" xml:lang="en-US">The amount refers to current taxes payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CurrentVersusNoncurrentClassificationPoliciesExplanatory" xlink:to="afya_CurrentVersusNoncurrentClassificationPoliciesExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CurrentVersusNoncurrentClassificationPoliciesExplanatory_doc" xml:lang="en-US">Disclosure of current versus noncurrent classification policies.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CustomerRelationshipsMedicineMember" xlink:to="afya_CustomerRelationshipsMedicineMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CustomerRelationshipsMedicineMember_doc" xml:lang="en-US">This member stand for the customer relationships medicine.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_CustomerRelationshipsOtherCoursesMember" xlink:to="afya_CustomerRelationshipsOtherCoursesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_CustomerRelationshipsOtherCoursesMember_doc" xml:lang="en-US">This member stand for the customer relationships other courses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DecreaseBasisPointsMember" xlink:to="afya_DecreaseBasisPointsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DecreaseBasisPointsMember_doc" xml:lang="en-US">This member stands for decrease basis points.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DecreaseBasisPointsOneMember" xlink:to="afya_DecreaseBasisPointsOneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DecreaseBasisPointsOneMember_doc" xml:lang="en-US">This member stands for decrease basis points one.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DecreaseForeignCurrencyMember" xlink:to="afya_DecreaseForeignCurrencyMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DecreaseForeignCurrencyMember_doc" xml:lang="en-US">The member represent decrease in foreign currency sensitivity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DecreasedInIncomeBeforeIncomeTaxes" xlink:to="afya_DecreasedInIncomeBeforeIncomeTaxes_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DecreasedInIncomeBeforeIncomeTaxes_doc" xml:lang="en-US">The amount of decreased in income before income taxes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DeductionOfEarlyPaymentDiscounts" xlink:to="afya_DeductionOfEarlyPaymentDiscounts_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DeductionOfEarlyPaymentDiscounts_doc" xml:lang="en-US">The amount refers to deduction of early payment discounts.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DeductionOfGrantedDiscounts" xlink:to="afya_DeductionOfGrantedDiscounts_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DeductionOfGrantedDiscounts_doc" xml:lang="en-US">The amount refers to deduction of granted discounts.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DeductionOfProuni" xlink:to="afya_DeductionOfProuni_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DeductionOfProuni_doc" xml:lang="en-US">The amount refers to deduction of prouni.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DeductionOfReturnsOfNetRevenue" xlink:to="afya_DeductionOfReturnsOfNetRevenue_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DeductionOfReturnsOfNetRevenue_doc" xml:lang="en-US">The amount refers to deduction of returns of net revenue.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DeductionOfTaxes" xlink:to="afya_DeductionOfTaxes_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DeductionOfTaxes_doc" xml:lang="en-US">The amount refers to deduction of taxes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DepositsFromExternalCustomer" xlink:to="afya_DepositsFromExternalCustomer_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DepositsFromExternalCustomer_doc" xml:lang="en-US">The amount of deposit from external customer.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DepreciationExpenseLeaseLiabilities" xlink:to="afya_DepreciationExpenseLeaseLiabilities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DepreciationExpenseLeaseLiabilities_doc" xml:lang="en-US">The amount of depreciation expense.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativeFinancialAssetsCrossCurrencyInterestRateSwaps" xlink:to="afya_DerivativeFinancialAssetsCrossCurrencyInterestRateSwaps_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DerivativeFinancialAssetsCrossCurrencyInterestRateSwaps_doc" xml:lang="en-US">The amount refers to Derivative financial assets, Cross-currency interest rate swaps.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativeFinancialLiabilitiesCrossCurrencyInterestRateSwaps" xlink:to="afya_DerivativeFinancialLiabilitiesCrossCurrencyInterestRateSwaps_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DerivativeFinancialLiabilitiesCrossCurrencyInterestRateSwaps_doc" xml:lang="en-US">The amount refers to Derivative financial liabilities, Cross-currency interest rate swaps.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativeInterestRateSwap" xlink:to="afya_DerivativeInterestRateSwap_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DerivativeInterestRateSwap_doc" xml:lang="en-US">Information about derivative interest rate swap.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativeLiabilitiesCrossCurrencyInterestRateSwaps" xlink:to="afya_DerivativeLiabilitiesCrossCurrencyInterestRateSwaps_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DerivativeLiabilitiesCrossCurrencyInterestRateSwaps_doc" xml:lang="en-US">The amount refers to derivative liabilities cross currency interest rate swaps.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativesCurrentAssetsLiabilities" xlink:to="afya_DerivativesCurrentAssetsLiabilities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DerivativesCurrentAssetsLiabilities_doc" xml:lang="en-US">The amount refers to derivatives current assets liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativesLiabilitiesMember" xlink:to="afya_DerivativesLiabilitiesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DerivativesLiabilitiesMember_doc" xml:lang="en-US">This member stands for derivatives liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativesNetPositionAssetsLiabilities" xlink:to="afya_DerivativesNetPositionAssetsLiabilities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DerivativesNetPositionAssetsLiabilities_doc" xml:lang="en-US">The amount refers to derivatives net position assets liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DerivativesNoncurrentAssetsLiabilities" xlink:to="afya_DerivativesNoncurrentAssetsLiabilities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DerivativesNoncurrentAssetsLiabilities_doc" xml:lang="en-US">The amount refers to derivatives noncurrent assets liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DescriptionOfAdjustment" xlink:to="afya_DescriptionOfAdjustment_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DescriptionOfAdjustment_doc" xml:lang="en-US">Description of adjustment.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DescriptionOfInstallmentsPayable" xlink:to="afya_DescriptionOfInstallmentsPayable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DescriptionOfInstallmentsPayable_doc" xml:lang="en-US">Information about installments payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DescriptionOfLeaseTerm" xlink:to="afya_DescriptionOfLeaseTerm_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DescriptionOfLeaseTerm_doc" xml:lang="en-US">Information about description of lease term.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DescriptionOfRatioOfConvertibleShares" xlink:to="afya_DescriptionOfRatioOfConvertibleShares_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DescriptionOfRatioOfConvertibleShares_doc" xml:lang="en-US">Information by description of ratio of convertible shares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DescriptionOfTermInstallmentPayable" xlink:to="afya_DescriptionOfTermInstallmentPayable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DescriptionOfTermInstallmentPayable_doc" xml:lang="en-US">Information by description of term installment payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DevelopedTechnologyIntangibleAssetsMember" xlink:to="afya_DevelopedTechnologyIntangibleAssetsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DevelopedTechnologyIntangibleAssetsMember_doc" xml:lang="en-US">The member stands for developed technology intangible assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DisclosureNoncashTransactionsExplanatory" xlink:to="afya_DisclosureNoncashTransactionsExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DisclosureNoncashTransactionsExplanatory_doc" xml:lang="en-US">Disclosure of disclosure noncash transactions.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsExplanatory" xlink:to="afya_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsExplanatory_doc" xml:lang="en-US">The disclosure of detailed information about cash and cash equivalents.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DisclosureOfEarningsPerShareTableExplanatory" xlink:to="afya_DisclosureOfEarningsPerShareTableExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DisclosureOfEarningsPerShareTableExplanatory_doc" xml:lang="en-US">Tabular disclosure of earnings per share.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DisclosureOfTradeAccountsReceivableByAgingExplanatory" xlink:to="afya_DisclosureOfTradeAccountsReceivableByAgingExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DisclosureOfTradeAccountsReceivableByAgingExplanatory_doc" xml:lang="en-US">Disclosure of trade accounts receivable by aging.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DisclosureOfTradeAndOtherReceivables1Explanatory" xlink:to="afya_DisclosureOfTradeAndOtherReceivables1Explanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DisclosureOfTradeAndOtherReceivables1Explanatory_doc" xml:lang="en-US">The disclosure of trade and other receivables.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_Disposal" xlink:to="afya_Disposal_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_Disposal_doc" xml:lang="en-US">The amount of disposal.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DividendsCancelled" xlink:to="afya_DividendsCancelled_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DividendsCancelled_doc" xml:lang="en-US">The amount refers to dividends cancelled.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DividendsDeclaredToNoncontrollingInterests" xlink:to="afya_DividendsDeclaredToNoncontrollingInterests_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DividendsDeclaredToNoncontrollingInterests_doc" xml:lang="en-US">The amount refers to dividends declared to noncontrolling interests.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DividendsPayableMember" xlink:to="afya_DividendsPayableMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DividendsPayableMember_doc" xml:lang="en-US">This member stands for the dividends payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DividendsPayablePolicyExplanatory" xlink:to="afya_DividendsPayablePolicyExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DividendsPayablePolicyExplanatory_doc" xml:lang="en-US">Disclosure of dividends payable policy.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ESMCEducacaoSuperiorLtdaMember" xlink:to="afya_ESMCEducacaoSuperiorLtdaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ESMCEducacaoSuperiorLtdaMember_doc" xml:lang="en-US">The member stands for ESMCE ducacao Superior ltd.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ESMCMember" xlink:to="afya_ESMCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ESMCMember_doc" xml:lang="en-US">The member stands for esmc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EarningsRetention" xlink:to="afya_EarningsRetention_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_EarningsRetention_doc" xml:lang="en-US">The amount refers to earnings retention.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EducationContentMember" xlink:to="afya_EducationContentMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_EducationContentMember_doc" xml:lang="en-US">This member stand for the education content.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EducationalContentMember" xlink:to="afya_EducationalContentMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_EducationalContentMember_doc" xml:lang="en-US">This member stands for educational content.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EducationalCreditsMember" xlink:to="afya_EducationalCreditsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_EducationalCreditsMember_doc" xml:lang="en-US">The member stands for educational credits.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EducationalPlatformAndSoftwareInProgressMember" xlink:to="afya_EducationalPlatformAndSoftwareInProgressMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_EducationalPlatformAndSoftwareInProgressMember_doc" xml:lang="en-US">This member stand for the educational platform and software in progress.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EquityAndNetDebt" xlink:to="afya_EquityAndNetDebt_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_EquityAndNetDebt_doc" xml:lang="en-US">The amount of total equity and net debt of the entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EquityOne" xlink:to="afya_EquityOne_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_EquityOne_doc" xml:lang="en-US">The amount of residual interest in the assets of the entity after deducting all its liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_EventsAfterReportingPeriodsMember" xlink:to="afya_EventsAfterReportingPeriodsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_EventsAfterReportingPeriodsMember_doc" xml:lang="en-US">This member stands for events after reporting periods.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ExercisePrice" xlink:to="afya_ExercisePrice_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ExercisePrice_doc" xml:lang="en-US">The amount of exercise price.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember" xlink:to="afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember_doc" xml:lang="en-US">This members stands for FADEP Faculdade Educacionalde Pato Branco Ltd.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FASAIESPAndUnivacoMember" xlink:to="afya_FASAIESPAndUnivacoMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FASAIESPAndUnivacoMember_doc" xml:lang="en-US">This member stand for the FASAIESP and univaco.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FCMPBMember" xlink:to="afya_FCMPBMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FCMPBMember_doc" xml:lang="en-US">The member stands for FCMPB.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FESARMember" xlink:to="afya_FESARMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FESARMember_doc" xml:lang="en-US">The member stands for FESAR.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FIESMember" xlink:to="afya_FIESMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FIESMember_doc" xml:lang="en-US">This member stands for FIES.</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FaculdadeCienciasMedicasDaParaibaMember" xlink:label="afya_FaculdadeCienciasMedicasDaParaibaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FaculdadeCienciasMedicasDaParaibaMember" xlink:to="afya_FaculdadeCienciasMedicasDaParaibaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FaculdadeCienciasMedicasDaParaibaMember_doc" xml:lang="en-US">The member stands for faculdade ciecias medicas dar paraiba.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FaculdadeDeCienciasMedicasDaParaibaMember" xlink:to="afya_FaculdadeDeCienciasMedicasDaParaibaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FaculdadeDeCienciasMedicasDaParaibaMember_doc" xml:lang="en-US">The member stands for faculdade de ciencias medicas da paraibas.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember" xlink:to="afya_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember_doc" xml:lang="en-US">The member stands for faculdade de ensino superior de amazon amazonia reunida.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FairValueMeasurementExplanatory" xlink:to="afya_FairValueMeasurementExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FairValueMeasurementExplanatory_doc" xml:lang="en-US">Disclosure of fair value measurement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FairValuesExplanatory" xlink:to="afya_FairValuesExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FairValuesExplanatory_doc" xml:lang="en-US">Disclosure of fair values.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinanceExpense" xlink:to="afya_FinanceExpense_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FinanceExpense_doc" xml:lang="en-US">The amount of expense associated with interest and other financing activities of the entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinanceResult" xlink:to="afya_FinanceResult_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FinanceResult_doc" xml:lang="en-US">Amount represents total value of finance result of entity.</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_FinanciadoradeEstudoseProjetosFINEPMember" xlink:label="afya_FinanciadoradeEstudoseProjetosFINEPMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinanciadoradeEstudoseProjetosFINEPMember" xlink:to="afya_FinanciadoradeEstudoseProjetosFINEPMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FinanciadoradeEstudoseProjetosFINEPMember_doc" xml:lang="en-US">The member represent financiadora de estudos e projetos ("finep").</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinancialAssetsExplanatory" xlink:to="afya_FinancialAssetsExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FinancialAssetsExplanatory_doc" xml:lang="en-US">Disclosure of financial assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinancialDiscountsGrantedExpenses" xlink:to="afya_FinancialDiscountsGrantedExpenses_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FinancialDiscountsGrantedExpenses_doc" xml:lang="en-US">The amount of financial discountd expenses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinancialInstitution" xlink:to="afya_FinancialInstitution_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FinancialInstitution_doc" xml:lang="en-US">Information about financial institution.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinancialInstrumentsInitialRecognitionAndMeasurementPolicyExplanatory" xlink:to="afya_FinancialInstrumentsInitialRecognitionAndMeasurementPolicyExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FinancialInstrumentsInitialRecognitionAndMeasurementPolicyExplanatory_doc" xml:lang="en-US">Disclosure of financial instruments initial recognition and measurement policy.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinancialLiabilitiesContractualUndiscounted" xlink:to="afya_FinancialLiabilitiesContractualUndiscounted_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FinancialLiabilitiesContractualUndiscounted_doc" xml:lang="en-US">The amount of financial liabilities contractual undiscounted.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_FinancialLiabilitiesExplanatory" xlink:to="afya_FinancialLiabilitiesExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_FinancialLiabilitiesExplanatory_doc" xml:lang="en-US">Disclosure of financial liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ForeignCurrencyExposuresMember" xlink:to="afya_ForeignCurrencyExposuresMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ForeignCurrencyExposuresMember_doc" xml:lang="en-US">The member represent foreign currency exposures.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_GuardayaEmpreendimentosAndParticipacoesSAMember" xlink:to="afya_GuardayaEmpreendimentosAndParticipacoesSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_GuardayaEmpreendimentosAndParticipacoesSAMember_doc" xml:lang="en-US">This member stands for entities that are controlled by another entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_GuardayaMember" xlink:to="afya_GuardayaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_GuardayaMember_doc" xml:lang="en-US">The member stands for gaurdaya.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_GuardayaStockOptionsMember" xlink:to="afya_GuardayaStockOptionsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_GuardayaStockOptionsMember_doc" xml:lang="en-US">This member stands for guardaya stock options.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_HospitalAndMedicalAgreements" xlink:to="afya_HospitalAndMedicalAgreements_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_HospitalAndMedicalAgreements_doc" xml:lang="en-US">The amount refers to hospital and medical agreements.</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IClinicDesenvolvimentDdeSoftwareLtdaMember" xlink:label="afya_IClinicDesenvolvimentDdeSoftwareLtdaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IClinicDesenvolvimentDdeSoftwareLtdaMember" xlink:to="afya_IClinicDesenvolvimentDdeSoftwareLtdaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IClinicDesenvolvimentDdeSoftwareLtdaMember_doc" xml:lang="en-US">The member stands for iclinix desenvolviment de software.</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IClinicMember" xlink:label="afya_IClinicMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IClinicMember" xlink:to="afya_IClinicMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IClinicMember_doc" xml:lang="en-US">The member stands for iclinic.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IClinicParticipacoesSAMember" xlink:to="afya_IClinicParticipacoesSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IClinicParticipacoesSAMember_doc" xml:lang="en-US">The member stands for iclinix participacoes s.a.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IESVAPMember" xlink:to="afya_IESVAPMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IESVAPMember_doc" xml:lang="en-US">The member stands for iesvap.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IESVAPPatrimonialLtdaMember" xlink:to="afya_IESVAPPatrimonialLtdaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IESVAPPatrimonialLtdaMember_doc" xml:lang="en-US">This member stands for IESVAP patrimonial ltda.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IPECLicensesMember" xlink:to="afya_IPECLicensesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IPECLicensesMember_doc" xml:lang="en-US">The member stands for IPTAN.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IPEMEDMember" xlink:to="afya_IPEMEDMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IPEMEDMember_doc" xml:lang="en-US">The member stands for Ipemed.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember" xlink:to="afya_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember_doc" xml:lang="en-US">This member stands for entities that are controlled by another entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IPTANMember" xlink:to="afya_IPTANMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IPTANMember_doc" xml:lang="en-US">The member stands for IPTAN.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ImpairmentOfNonfinancialAssetsPolicyExplanatory" xlink:to="afya_ImpairmentOfNonfinancialAssetsPolicyExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ImpairmentOfNonfinancialAssetsPolicyExplanatory_doc" xml:lang="en-US">Disclosure of impairment of nonfinancial assets policy.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncomeLossBeforeIncomeTaxes" xlink:to="afya_IncomeLossBeforeIncomeTaxes_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IncomeLossBeforeIncomeTaxes_doc" xml:lang="en-US">The profit (loss) before tax expense or income.</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IncomeTaxesLineItems" xlink:label="afya_IncomeTaxesLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncomeTaxesLineItems" xlink:to="afya_IncomeTaxesLineItems_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IncomeTaxesLineItems_doc" xml:lang="en-US">The line represents concepts include in a table. These concepts are used to discloure reportable information associated with domain member defined in one or more axes of the table.</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_IncomeTaxesTable" xlink:label="afya_IncomeTaxesTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncomeTaxesTable" xlink:to="afya_IncomeTaxesTable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IncomeTaxesTable_doc" xml:lang="en-US">Schedule disclosing information related to income tax.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseBasisPointsMember" xlink:to="afya_IncreaseBasisPointsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IncreaseBasisPointsMember_doc" xml:lang="en-US">This member stands for increase basis points.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseBasisPointsOneMember" xlink:to="afya_IncreaseBasisPointsOneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IncreaseBasisPointsOneMember_doc" xml:lang="en-US">This member stands for increase basis points one.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseDecreaseInRecoverableTaxes" xlink:to="afya_IncreaseDecreaseInRecoverableTaxes_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IncreaseDecreaseInRecoverableTaxes_doc" xml:lang="en-US">The amount of increase decrease in recoverable taxes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseForeignCurrencyMember" xlink:to="afya_IncreaseForeignCurrencyMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IncreaseForeignCurrencyMember_doc" xml:lang="en-US">The member represent increse in foreign currency sensitivity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseInIncomeBeforeIncomeTaxes" xlink:to="afya_IncreaseInIncomeBeforeIncomeTaxes_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IncreaseInIncomeBeforeIncomeTaxes_doc" xml:lang="en-US">Amount of increase in income before income taxes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseInRevenue" xlink:to="afya_IncreaseInRevenue_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IncreaseInRevenue_doc" xml:lang="en-US">The amount of increase in revenue.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities" xlink:to="afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities_doc" xml:lang="en-US">The amount of increase through interest on liabilities arising from financing activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IndemnificationAssets" xlink:to="afya_IndemnificationAssets_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IndemnificationAssets_doc" xml:lang="en-US">The amount of indemnification assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IndexRatePerYear" xlink:to="afya_IndexRatePerYear_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IndexRatePerYear_doc" xml:lang="en-US">Information about index rate per year.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InitiaPublicOfferingMember" xlink:to="afya_InitiaPublicOfferingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InitiaPublicOfferingMember_doc" xml:lang="en-US">This member stands for initia public offering.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InitialPublicOfferingMember" xlink:to="afya_InitialPublicOfferingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InitialPublicOfferingMember_doc" xml:lang="en-US">The member represent initial public offering.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstituicaoDePesquisaMedicaServicosTecnologicosDaAreaDaSaudeSAMember" xlink:to="afya_InstituicaoDePesquisaMedicaServicosTecnologicosDaAreaDaSaudeSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InstituicaoDePesquisaMedicaServicosTecnologicosDaAreaDaSaudeSAMember_doc" xml:lang="en-US">The member stands for instituicao de pesquisa medica servicos techologico da area da sause s.a.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember" xlink:to="afya_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember_doc" xml:lang="en-US">The member stands for instituicao de pesquisa medicae servicos tecnologicos da area da saude s.a.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember" xlink:to="afya_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember_doc" xml:lang="en-US">This member stands for Institutode Educacao Superiordo Valedo Parnaiba SA.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember" xlink:to="afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember_doc" xml:lang="en-US">This member stands for Institutode Ensino Superiordo Piaui SA.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoEducacionalSantoAgostinhoSAMember" xlink:to="afya_InstitutoEducacionalSantoAgostinhoSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InstitutoEducacionalSantoAgostinhoSAMember_doc" xml:lang="en-US">This member stands for entities that are controlled by another entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoParaensedeEducacaoeCulturaLtdaMember" xlink:to="afya_InstitutoParaensedeEducacaoeCulturaLtdaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InstitutoParaensedeEducacaoeCulturaLtdaMember_doc" xml:lang="en-US">This member stands for entities that are controlled by another entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoTocantinensePresidenteAntonioCarlosPortoSAItpacPortoNacionalMember" xlink:to="afya_InstitutoTocantinensePresidenteAntonioCarlosPortoSAItpacPortoNacionalMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InstitutoTocantinensePresidenteAntonioCarlosPortoSAItpacPortoNacionalMember_doc" xml:lang="en-US">This member stands for entities that are controlled by another entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoTocantinensePresidenteAntonioCarlosSAITPACAraguainaMember" xlink:to="afya_InstitutoTocantinensePresidenteAntonioCarlosSAITPACAraguainaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InstitutoTocantinensePresidenteAntonioCarlosSAITPACAraguainaMember_doc" xml:lang="en-US">This member stands for entities that are controlled by another entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutoTocantinensePresidenteAntonioCarlosSAMember" xlink:to="afya_InstitutoTocantinensePresidenteAntonioCarlosSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InstitutoTocantinensePresidenteAntonioCarlosSAMember_doc" xml:lang="en-US">This member stands for instituto tocantinense presidente antonio carlos s a.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutodeEnsinoSuperiorPresidenteTrancredodeAlmeidaNevesSAMember" xlink:to="afya_InstitutodeEnsinoSuperiorPresidenteTrancredodeAlmeidaNevesSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InstitutodeEnsinoSuperiorPresidenteTrancredodeAlmeidaNevesSAMember_doc" xml:lang="en-US">This member stands for Institutode Ensino Superior Presidente Trancredode Almeida Neves SA.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember" xlink:to="afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember_doc" xml:lang="en-US">This member stands for entities that are controlled by another entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InterSegment" xlink:to="afya_InterSegment_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InterSegment_doc" xml:lang="en-US">The amount of inter segment net.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InterbankCertificatesOfDepositMember" xlink:to="afya_InterbankCertificatesOfDepositMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InterbankCertificatesOfDepositMember_doc" xml:lang="en-US">This member stand for the interbank certificates of deposit.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InterestRateSwapLiabilityContractMember" xlink:to="afya_InterestRateSwapLiabilityContractMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InterestRateSwapLiabilityContractMember_doc" xml:lang="en-US">This member stands for interest rate swap liability contract.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InvestmentGrossAmount" xlink:to="afya_InvestmentGrossAmount_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InvestmentGrossAmount_doc" xml:lang="en-US">The amount of carrying amount of the investment.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InvestmentInAssociateAsOfAcquisitionDate" xlink:to="afya_InvestmentInAssociateAsOfAcquisitionDate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InvestmentInAssociateAsOfAcquisitionDate_doc" xml:lang="en-US">The amount recognised as of the acquisition date for investment in associate.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_InvestmentType" xlink:to="afya_InvestmentType_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_InvestmentType_doc" xml:lang="en-US">The investment type of a subsidiary.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IssuanceOfLoansAndFinancing" xlink:to="afya_IssuanceOfLoansAndFinancing_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_IssuanceOfLoansAndFinancing_doc" xml:lang="en-US">The amount of ssuance of loans and financing.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ItEquipmentMember" xlink:to="afya_ItEquipmentMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ItEquipmentMember_doc" xml:lang="en-US">This member stand for the it equipment.</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_ItauUnibancoSAMember" xlink:label="afya_ItauUnibancoSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ItauUnibancoSAMember" xlink:to="afya_ItauUnibancoSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ItauUnibancoSAMember_doc" xml:lang="en-US">The member represent itau unibanco s.a.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_JudicialDeposits" xlink:to="afya_JudicialDeposits_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_JudicialDeposits_doc" xml:lang="en-US">The amount of judicial deposits.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaborAndSocialObligationsAsOfAcquisitionDate" xlink:to="afya_LaborAndSocialObligationsAsOfAcquisitionDate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LaborAndSocialObligationsAsOfAcquisitionDate_doc" xml:lang="en-US">It stands for labor and social obligations as of acquisition date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaborAndSocialObligationsExplanatory" xlink:to="afya_LaborAndSocialObligationsExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LaborAndSocialObligationsExplanatory_doc" xml:lang="en-US">Disclosure of labor and social obligations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaborAndSocialObligationsLineItems" xlink:to="afya_LaborAndSocialObligationsLineItems_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LaborAndSocialObligationsLineItems_doc" xml:lang="en-US">The line represents concepts include in a table. These concepts are used to discloure reportable information associated with domain member defined in one or more axes of the table.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaborAndSocialObligationsPolicyExplanatory" xlink:to="afya_LaborAndSocialObligationsPolicyExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LaborAndSocialObligationsPolicyExplanatory_doc" xml:lang="en-US">Disclosure of labor and social obligations policy.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaborAndSocialObligationsTable" xlink:to="afya_LaborAndSocialObligationsTable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LaborAndSocialObligationsTable_doc" xml:lang="en-US">Schedule disclosing information related to labor and social obligations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaboratoriesAndClinicsMember" xlink:to="afya_LaboratoriesAndClinicsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LaboratoriesAndClinicsMember_doc" xml:lang="en-US">The member represent laboratories and clinics.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LabourMember" xlink:to="afya_LabourMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LabourMember_doc" xml:lang="en-US">This member stands for labour.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaterThanOneEightyMember" xlink:to="afya_LaterThanOneEightyMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LaterThanOneEightyMember_doc" xml:lang="en-US">This member stands for later than one eighty.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LaterThanOneMonthsAndNotLaterThanThreeMonthsMember" xlink:to="afya_LaterThanOneMonthsAndNotLaterThanThreeMonthsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LaterThanOneMonthsAndNotLaterThanThreeMonthsMember_doc" xml:lang="en-US">This member stands for later than one months and not later than three months.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LeaseAgreements1Member" xlink:to="afya_LeaseAgreements1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LeaseAgreements1Member_doc" xml:lang="en-US">Contractual agreement that stipulates the lessee pay the lessor for use of an asset.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LeaseLiabilitiesAsOfAcquisitionDate" xlink:to="afya_LeaseLiabilitiesAsOfAcquisitionDate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LeaseLiabilitiesAsOfAcquisitionDate_doc" xml:lang="en-US">The amount recognised as of the acquisition date for lease liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LeaseLiabilitiesDisposals" xlink:to="afya_LeaseLiabilitiesDisposals_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LeaseLiabilitiesDisposals_doc" xml:lang="en-US">The amount of lease liabilities disposals.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LeaseLiabilitiesRemeasurement" xlink:to="afya_LeaseLiabilitiesRemeasurement_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LeaseLiabilitiesRemeasurement_doc" xml:lang="en-US">The amount of lease liabilities re measurement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LeasesExplanatory" xlink:to="afya_LeasesExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LeasesExplanatory_doc" xml:lang="en-US">Disclosure of leases.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LegalReserve" xlink:to="afya_LegalReserve_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LegalReserve_doc" xml:lang="en-US">The amount refers to legal reserve.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LesseeFinancesLeaseRenewalTerm" xlink:to="afya_LesseeFinancesLeaseRenewalTerm_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LesseeFinancesLeaseRenewalTerm_doc" xml:lang="en-US">Information about lessee finances lease renewal term.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LiabilityPositionMember" xlink:to="afya_LiabilityPositionMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LiabilityPositionMember_doc" xml:lang="en-US">This member stands for liability position.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LibraryBooksMember" xlink:to="afya_LibraryBooksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LibraryBooksMember_doc" xml:lang="en-US">The member represent library books.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LicensesMember" xlink:to="afya_LicensesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LicensesMember_doc" xml:lang="en-US">The member stands for licenses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancing" xlink:to="afya_LoansAndFinancing_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LoansAndFinancing_doc" xml:lang="en-US">The amount refers to loans and financing.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingCurrent" xlink:to="afya_LoansAndFinancingCurrent_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LoansAndFinancingCurrent_doc" xml:lang="en-US">The amount refers to loans and financing current.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingExplanatory" xlink:to="afya_LoansAndFinancingExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LoansAndFinancingExplanatory_doc" xml:lang="en-US">Disclosure of loans and financing.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingMember" xlink:to="afya_LoansAndFinancingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LoansAndFinancingMember_doc" xml:lang="en-US">This member stands for loans and financing.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingNonCurrent" xlink:to="afya_LoansAndFinancingNonCurrent_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LoansAndFinancingNonCurrent_doc" xml:lang="en-US">The amount refers to loans and financing non current.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingOneMember" xlink:to="afya_LoansAndFinancingOneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LoansAndFinancingOneMember_doc" xml:lang="en-US">The member stands for loans and financing one.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingTwoMember" xlink:to="afya_LoansAndFinancingTwoMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LoansAndFinancingTwoMember_doc" xml:lang="en-US">The member stands for loans and financing two.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MachineryAndEquipmentsMember" xlink:to="afya_MachineryAndEquipmentsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_MachineryAndEquipmentsMember_doc" xml:lang="en-US">The member represent machinery and equipments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedPhoneMember" xlink:to="afya_MedPhoneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_MedPhoneMember_doc" xml:lang="en-US">The member stands for medphone.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedPhoneTecnologiaEMSaudeLtdMember" xlink:to="afya_MedPhoneTecnologiaEMSaudeLtdMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_MedPhoneTecnologiaEMSaudeLtdMember_doc" xml:lang="en-US">The member stands for medphone tecnologia em saude ltd.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedPhoneTecnologiaEmSaudeLtdaMember" xlink:to="afya_MedPhoneTecnologiaEmSaudeLtdaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_MedPhoneTecnologiaEmSaudeLtdaMember_doc" xml:lang="en-US">The member stands for med phone technologia em saude ltd.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedcelAndCBBWMember" xlink:to="afya_MedcelAndCBBWMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_MedcelAndCBBWMember_doc" xml:lang="en-US">The member stands for med ce land cbbw.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedcelEditoraAndCBBWebMember" xlink:to="afya_MedcelEditoraAndCBBWebMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_MedcelEditoraAndCBBWebMember_doc" xml:lang="en-US">This member stands for entities that are controlled by another entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedcelEditoraEEventosSAMember" xlink:to="afya_MedcelEditoraEEventosSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_MedcelEditoraEEventosSAMember_doc" xml:lang="en-US">This member stands for entities that are controlled by another entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedicalHarbourMember" xlink:to="afya_MedicalHarbourMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_MedicalHarbourMember_doc" xml:lang="en-US">Exercise price of option granted medica harbour.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedicinaeMember" xlink:to="afya_MedicinaeMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_MedicinaeMember_doc" xml:lang="en-US">The member stands for medicinae.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MinorityInterestOfAcquiree" xlink:to="afya_MinorityInterestOfAcquiree_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_MinorityInterestOfAcquiree_doc" xml:lang="en-US">The amount of acquisition of minority interest.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MobileAppSubscriptionMember" xlink:to="afya_MobileAppSubscriptionMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_MobileAppSubscriptionMember_doc" xml:lang="en-US">The member stands for mobile app subscription.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ModifiedPlanMember" xlink:to="afya_ModifiedPlanMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ModifiedPlanMember_doc" xml:lang="en-US">The member stands for modified plan.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MonetaryIndexation" xlink:to="afya_MonetaryIndexation_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_MonetaryIndexation_doc" xml:lang="en-US">The amount of monetary indexation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NetOfCashFlowOnAcquisition" xlink:to="afya_NetOfCashFlowOnAcquisition_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NetOfCashFlowOnAcquisition_doc" xml:lang="en-US">The amount recognised as of the acquisition date for net of cash flow on acquisition.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NetProceedsOfAdditionalShares" xlink:to="afya_NetProceedsOfAdditionalShares_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NetProceedsOfAdditionalShares_doc" xml:lang="en-US">Net proceeds of additional shares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NetRevenueOtherTransferredPoint" xlink:to="afya_NetRevenueOtherTransferredPoint_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NetRevenueOtherTransferredPoint_doc" xml:lang="en-US">The amount refers to net revenue other transferred point.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NicolauCarvalhoEstevesMember" xlink:to="afya_NicolauCarvalhoEstevesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NicolauCarvalhoEstevesMember_doc" xml:lang="en-US">This member stand for the nicolau carvalho esteves.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NonControlingInterestsArisingOnBusinessCombination" xlink:to="afya_NonControlingInterestsArisingOnBusinessCombination_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NonControlingInterestsArisingOnBusinessCombination_doc" xml:lang="en-US">The amount refers to non controling interests arising on business combination.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NonTeachingActivitiesMember" xlink:to="afya_NonTeachingActivitiesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NonTeachingActivitiesMember_doc" xml:lang="en-US">The member represent services.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NoncurrentTaxesPayable" xlink:to="afya_NoncurrentTaxesPayable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NoncurrentTaxesPayable_doc" xml:lang="en-US">The amount refers to noncurrent taxes payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotePayable" xlink:to="afya_NotePayable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NotePayable_doc" xml:lang="en-US">The amount of notes payables.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotePayableCurrent" xlink:to="afya_NotePayableCurrent_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NotePayableCurrent_doc" xml:lang="en-US">The amount of notes payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotePayables" xlink:to="afya_NotePayables_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NotePayables_doc" xml:lang="en-US">The amount of note payables.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotesPayableMember" xlink:to="afya_NotesPayableMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NotesPayableMember_doc" xml:lang="en-US">The member stands for notes payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotesPayableNonCurrentLiabiites" xlink:to="afya_NotesPayableNonCurrentLiabiites_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NotesPayableNonCurrentLiabiites_doc" xml:lang="en-US">The amount of non-current notes payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotesPayables" xlink:to="afya_NotesPayables_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NotesPayables_doc" xml:lang="en-US">The amount of notes payables.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NumberOfAdditionalCommonSharesIssued" xlink:to="afya_NumberOfAdditionalCommonSharesIssued_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NumberOfAdditionalCommonSharesIssued_doc" xml:lang="en-US">Number of additional common shares issued.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NumberOfReportableSegmentNumberOfReportableSegment" xlink:to="afya_NumberOfReportableSegmentNumberOfReportableSegment_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NumberOfReportableSegmentNumberOfReportableSegment_doc" xml:lang="en-US">Number of segments reported by entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NumberOfShareOptionsAdditionOfGuardayaPlanInSharebasedPaymentsArrangement" xlink:to="afya_NumberOfShareOptionsAdditionOfGuardayaPlanInSharebasedPaymentsArrangement_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NumberOfShareOptionsAdditionOfGuardayaPlanInSharebasedPaymentsArrangement_doc" xml:lang="en-US">The number of share options addition of guarddaya plan in a share-based payment arrangement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NumberOfSharesIssuedInAcquisition" xlink:to="afya_NumberOfSharesIssuedInAcquisition_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_NumberOfSharesIssuedInAcquisition_doc" xml:lang="en-US">Represents the number of shares issued in acquisition.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OperatingLeaseTermOfContract" xlink:to="afya_OperatingLeaseTermOfContract_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_OperatingLeaseTermOfContract_doc" xml:lang="en-US">Information about operating lease term of contract.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OriginalPlanMember" xlink:to="afya_OriginalPlanMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_OriginalPlanMember_doc" xml:lang="en-US">The member stands for original plan.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_Other" xlink:to="afya_Other_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_Other_doc" xml:lang="en-US">The amount refers to other.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OtherAssetsAsOfAcquisitionDate" xlink:to="afya_OtherAssetsAsOfAcquisitionDate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_OtherAssetsAsOfAcquisitionDate_doc" xml:lang="en-US">The amount recognised as of the acquisition date for other assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OtherAssetsNonCurrentMember" xlink:to="afya_OtherAssetsNonCurrentMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_OtherAssetsNonCurrentMember_doc" xml:lang="en-US">The member stands for other assets non current.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OtherIncomeRelatedPartyTransactions" xlink:to="afya_OtherIncomeRelatedPartyTransactions_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_OtherIncomeRelatedPartyTransactions_doc" xml:lang="en-US">The amount of other income of related party.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OtherLiabilitiesAsOfAcquisitionDate" xlink:to="afya_OtherLiabilitiesAsOfAcquisitionDate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_OtherLiabilitiesAsOfAcquisitionDate_doc" xml:lang="en-US">The amount recognised as of the acquisition date for other liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OtherOfferingExpenses" xlink:to="afya_OtherOfferingExpenses_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_OtherOfferingExpenses_doc" xml:lang="en-US">The amoun of other offering expenses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OthersMember" xlink:to="afya_OthersMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_OthersMember_doc" xml:lang="en-US">This member stands for others.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_OverAllotmentsMember" xlink:to="afya_OverAllotmentsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_OverAllotmentsMember_doc" xml:lang="en-US">The member represent over allotments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PEBMEDInstituicaoDePesquisaMedicaServicosTecnologicosDaareaDaSaudeSAMember" xlink:to="afya_PEBMEDInstituicaoDePesquisaMedicaServicosTecnologicosDaareaDaSaudeSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_PEBMEDInstituicaoDePesquisaMedicaServicosTecnologicosDaareaDaSaudeSAMember_doc" xml:lang="en-US">The member stands for PEBMED.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PEBMEDMember" xlink:to="afya_PEBMEDMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_PEBMEDMember_doc" xml:lang="en-US">The member stands for PEBMED.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PaidInAfyaBrazilsShares" xlink:to="afya_PaidInAfyaBrazilsShares_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_PaidInAfyaBrazilsShares_doc" xml:lang="en-US">The amount of paid in afya brazils shares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PayablInInstallmentsAcquisitionDate" xlink:to="afya_PayablInInstallmentsAcquisitionDate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_PayablInInstallmentsAcquisitionDate_doc" xml:lang="en-US">The amount recognised as of the acquisition date for payable in installments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PayableToRelatedPartiesMember" xlink:to="afya_PayableToRelatedPartiesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_PayableToRelatedPartiesMember_doc" xml:lang="en-US">The member represent payable to related parties.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_Payments" xlink:to="afya_Payments_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_Payments_doc" xml:lang="en-US">The amount of payments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PaymentsOfNotesPayable" xlink:to="afya_PaymentsOfNotesPayable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_PaymentsOfNotesPayable_doc" xml:lang="en-US">The amount of payments of notes payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_Payroll" xlink:to="afya_Payroll_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_Payroll_doc" xml:lang="en-US">The amount refers to payroll.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PercenatgeOfAverageInterestOnFinancialInstrument" xlink:to="afya_PercenatgeOfAverageInterestOnFinancialInstrument_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_PercenatgeOfAverageInterestOnFinancialInstrument_doc" xml:lang="en-US">The percentage of average interest on financial intrument.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PermanentAdjustments" xlink:to="afya_PermanentAdjustments_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_PermanentAdjustments_doc" xml:lang="en-US">The amount of permanent adjustments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PolicyExplanatoryInvestments" xlink:to="afya_PolicyExplanatoryInvestments_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_PolicyExplanatoryInvestments_doc" xml:lang="en-US">Disclosure of policy explanatory investments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_PrincipalActivities" xlink:to="afya_PrincipalActivities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_PrincipalActivities_doc" xml:lang="en-US">The principal activities of a subsidiary.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ProceedsFromIssueOfOrdinarySharesNet" xlink:to="afya_ProceedsFromIssueOfOrdinarySharesNet_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ProceedsFromIssueOfOrdinarySharesNet_doc" xml:lang="en-US">The cash inflow from the issuing of ordinary shares, net.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ProeducarMember" xlink:to="afya_ProeducarMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ProeducarMember_doc" xml:lang="en-US">This member stands for proeducar.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ProfitLossBeforeIncomeTaxOfAcquiree" xlink:to="afya_ProfitLossBeforeIncomeTaxOfAcquiree_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ProfitLossBeforeIncomeTaxOfAcquiree_doc" xml:lang="en-US">The profit (loss) before income tax of the acquiree, since the acquisition date, included in the consolidated statement of comprehensive income.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ProfitLossBeforeIncomeTaxOfCombinedEntity" xlink:to="afya_ProfitLossBeforeIncomeTaxOfCombinedEntity_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ProfitLossBeforeIncomeTaxOfCombinedEntity_doc" xml:lang="en-US">The profit (loss) before income tax of the combined entity as though the acquisition date for all business combinations that occurred during the year had been as of the beginning of the annual reporting period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ProgramOfSocialIntegrationMember" xlink:to="afya_ProgramOfSocialIntegrationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ProgramOfSocialIntegrationMember_doc" xml:lang="en-US">The member represent tax.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ProgramaUniversidadeParaTodosFiscalIncentive" xlink:to="afya_ProgramaUniversidadeParaTodosFiscalIncentive_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ProgramaUniversidadeParaTodosFiscalIncentive_doc" xml:lang="en-US">The amount of programa universidade para todos fiscal incentive.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ProvisionForLegalProceedingsAsOfAcquisitionDate" xlink:to="afya_ProvisionForLegalProceedingsAsOfAcquisitionDate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ProvisionForLegalProceedingsAsOfAcquisitionDate_doc" xml:lang="en-US">It represents provision for legal proceedings as of acquisition date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RDAdministracaoEParticipacoesLtdaMember" xlink:to="afya_RDAdministracaoEParticipacoesLtdaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RDAdministracaoEParticipacoesLtdaMember_doc" xml:lang="en-US">This member stands for entities that are controlled by another entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RVLEstevesGestaoImobiliariaSAMember" xlink:to="afya_RVLEstevesGestaoImobiliariaSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RVLEstevesGestaoImobiliariaSAMember_doc" xml:lang="en-US">This member stands for RVL esteves gestao imobiliaria s a.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ReceivablesGross" xlink:to="afya_ReceivablesGross_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ReceivablesGross_doc" xml:lang="en-US">The amount of receivables, before adjustments and allowances.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RecoverableTaxesAsOfAcquisitionDate" xlink:to="afya_RecoverableTaxesAsOfAcquisitionDate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RecoverableTaxesAsOfAcquisitionDate_doc" xml:lang="en-US">The amount recognised as of the acquisition date for recoverable taxes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_Rent" xlink:to="afya_Rent_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_Rent_doc" xml:lang="en-US">The amount refers to rent.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RepurchaseOfOrdinaryShares" xlink:to="afya_RepurchaseOfOrdinaryShares_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RepurchaseOfOrdinaryShares_doc" xml:lang="en-US">Information about repurchase of ordinary shares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RestrictCashAsOfAcquisitionDate" xlink:to="afya_RestrictCashAsOfAcquisitionDate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RestrictCashAsOfAcquisitionDate_doc" xml:lang="en-US">The amount recognised as of the acquisition date for restrict cash.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RestrictedCashMember" xlink:to="afya_RestrictedCashMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RestrictedCashMember_doc" xml:lang="en-US">This member stands for restricted cash.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RestrictedCashOfInvestingActivities" xlink:to="afya_RestrictedCashOfInvestingActivities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RestrictedCashOfInvestingActivities_doc" xml:lang="en-US">The amount refers to restricted cash of investing activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RetainedEarningsReserveMember" xlink:to="afya_RetainedEarningsReserveMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RetainedEarningsReserveMember_doc" xml:lang="en-US">The member stands for retained earnings reserve.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RevenueLineItems" xlink:to="afya_RevenueLineItems_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RevenueLineItems_doc" xml:lang="en-US">The line represents concepts include in a table. These concepts are used to discloure reportable information associated with domain member defined in one or more axes of the table.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RevenueTable" xlink:to="afya_RevenueTable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RevenueTable_doc" xml:lang="en-US">Schedule disclosing information related to revenue</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightOfUseAssetsAsOfAcquisitionDate" xlink:to="afya_RightOfUseAssetsAsOfAcquisitionDate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RightOfUseAssetsAsOfAcquisitionDate_doc" xml:lang="en-US">The amount recognised as of the acquisition date for right-of-use assets .</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightofuseAssetsBusinessCombinations" xlink:to="afya_RightofuseAssetsBusinessCombinations_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RightofuseAssetsBusinessCombinations_doc" xml:lang="en-US">The amount of business combinations right to use of assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightofuseAssetsCurrent" xlink:to="afya_RightofuseAssetsCurrent_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RightofuseAssetsCurrent_doc" xml:lang="en-US">The amount of current right to use of assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightofuseAssetsDisposals" xlink:to="afya_RightofuseAssetsDisposals_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RightofuseAssetsDisposals_doc" xml:lang="en-US">The amount of right of use assets disposals.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightofuseAssetsInterestExpense" xlink:to="afya_RightofuseAssetsInterestExpense_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RightofuseAssetsInterestExpense_doc" xml:lang="en-US">The amount of Interest expense right to use of assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightofuseAssetsNonCurrent" xlink:to="afya_RightofuseAssetsNonCurrent_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RightofuseAssetsNonCurrent_doc" xml:lang="en-US">The amount of non current right to use of assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightofuseAssetsPaymentsOfLeaseLiabilities" xlink:to="afya_RightofuseAssetsPaymentsOfLeaseLiabilities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RightofuseAssetsPaymentsOfLeaseLiabilities_doc" xml:lang="en-US">The amount of Payments of lease liabilities right to use of assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RightofuseAssetsRemeasurement" xlink:to="afya_RightofuseAssetsRemeasurement_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_RightofuseAssetsRemeasurement_doc" xml:lang="en-US">The amount of right of use assets re measurement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SaleOfStockAxis" xlink:to="afya_SaleOfStockAxis_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SaleOfStockAxis_doc" xml:lang="en-US">Axis represent sale of stock.</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SaleOfStockDomain" xlink:label="afya_SaleOfStockDomain" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SaleOfStockDomain" xlink:to="afya_SaleOfStockDomain_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SaleOfStockDomain_doc" xml:lang="en-US">Represenst sale of stock domain.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfAcquisitionOfFcmpbTableTextBlock" xlink:to="afya_ScheduleOfAcquisitionOfFcmpbTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfAcquisitionOfFcmpbTableTextBlock_doc" xml:lang="en-US">The tabular discloure of acquisition of FCMPB.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfAcquisitionOfFesarTableTextBlock" xlink:to="afya_ScheduleOfAcquisitionOfFesarTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfAcquisitionOfFesarTableTextBlock_doc" xml:lang="en-US">The tabular dislosure of acquisition of FESAR.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfAcquisitionOfMedphoneTableTextBlock" xlink:to="afya_ScheduleOfAcquisitionOfMedphoneTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfAcquisitionOfMedphoneTableTextBlock_doc" xml:lang="en-US">The tabular discloure of acquisition of MedPhone.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfAcquisitionOfPebmedTableTextBlock" xlink:to="afya_ScheduleOfAcquisitionOfPebmedTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfAcquisitionOfPebmedTableTextBlock_doc" xml:lang="en-US">Tabular disclosure of acquisition of PEBMED.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfAcquisitionOfUniredentorTableTextBlock" xlink:to="afya_ScheduleOfAcquisitionOfUniredentorTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfAcquisitionOfUniredentorTableTextBlock_doc" xml:lang="en-US">The tabular disclosure of acquisition of UniRedentor.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfAcquisitionOfUnislTableTextBlock" xlink:to="afya_ScheduleOfAcquisitionOfUnislTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfAcquisitionOfUnislTableTextBlock_doc" xml:lang="en-US">The tabular disclosure of of acquisition of UniSL.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfAssetsAndLiabilitiesInformationForCompanysOperatingSegmentsExplanatory" xlink:to="afya_ScheduleOfAssetsAndLiabilitiesInformationForCompanysOperatingSegmentsExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfAssetsAndLiabilitiesInformationForCompanysOperatingSegmentsExplanatory_doc" xml:lang="en-US">Disclosure of schedule of assets and liabilities information for companys operating segments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfCapitalManagementExplanatory" xlink:to="afya_ScheduleOfCapitalManagementExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfCapitalManagementExplanatory_doc" xml:lang="en-US">Disclosure of schedule of capital management.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfCarryingAmountOfNotesPayableTableTextBlock" xlink:to="afya_ScheduleOfCarryingAmountOfNotesPayableTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfCarryingAmountOfNotesPayableTableTextBlock_doc" xml:lang="en-US">Tabular discloure of carrying amount of notes payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfEstimatedUsefulLives" xlink:to="afya_ScheduleOfEstimatedUsefulLives_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfEstimatedUsefulLives_doc" xml:lang="en-US">Disclosure of schedule of estimated useful lives.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfFairValueMeasurementExplanaory" xlink:to="afya_ScheduleOfFairValueMeasurementExplanaory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfFairValueMeasurementExplanaory_doc" xml:lang="en-US">Disclosure of schedule of fair value measurement explanaory.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfFinanceResult" xlink:to="afya_ScheduleOfFinanceResult_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfFinanceResult_doc" xml:lang="en-US">Disclosure of schedule of finance result.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfIllustratesNumberAndMovementsInStockOptions" xlink:to="afya_ScheduleOfIllustratesNumberAndMovementsInStockOptions_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfIllustratesNumberAndMovementsInStockOptions_doc" xml:lang="en-US">Tabular disclosure of illustrates number and movements in stock options.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfInputsToModelUsedToDetermineFairValueOfStockOptions" xlink:to="afya_ScheduleOfInputsToModelUsedToDetermineFairValueOfStockOptions_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfInputsToModelUsedToDetermineFairValueOfStockOptions_doc" xml:lang="en-US">Tabular disclosure of inputs to model used to determine fair value of stock option.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfInvestments" xlink:to="afya_ScheduleOfInvestments_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfInvestments_doc" xml:lang="en-US">Disclosure of schedule of investments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfLegalProceedingsAndContingencies" xlink:to="afya_ScheduleOfLegalProceedingsAndContingencies_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfLegalProceedingsAndContingencies_doc" xml:lang="en-US">Disclosure of schedule of legal proceedings and contingencies.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfModelUsedToDetermineFairValueOfStockOptions" xlink:to="afya_ScheduleOfModelUsedToDetermineFairValueOfStockOptions_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfModelUsedToDetermineFairValueOfStockOptions_doc" xml:lang="en-US">Tabular disclosure of model used to determine fair value of stock options.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfNetSalesRevenueExplanatory" xlink:to="afya_ScheduleOfNetSalesRevenueExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfNetSalesRevenueExplanatory_doc" xml:lang="en-US">The disclosure of detailed information about net sales revenue.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilities" xlink:to="afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilities_doc" xml:lang="en-US">Disclosure of schedule of preliminary fair values of identifiable assets acquired and liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilitiesAcquiredtableTextBlock" xlink:to="afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilitiesAcquiredtableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilitiesAcquiredtableTextBlock_doc" xml:lang="en-US">Tabular disclosure of preliminary fair values of the identifiable assets acquired and liabilities acquired.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfReconciliationOfIncomeTaxExpenseExplanatory" xlink:to="afya_ScheduleOfReconciliationOfIncomeTaxExpenseExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfReconciliationOfIncomeTaxExpenseExplanatory_doc" xml:lang="en-US">Disclosure of schedule of reconciliation of income tax expense.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfRelatedPartiesExplanatory" xlink:to="afya_ScheduleOfRelatedPartiesExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfRelatedPartiesExplanatory_doc" xml:lang="en-US">Disclosure of schedule of related parties.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfRevenueBySegment" xlink:to="afya_ScheduleOfRevenueBySegment_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfRevenueBySegment_doc" xml:lang="en-US">Disclosure of schedule of revenue by segment.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfSharebasedCompensationPlan" xlink:to="afya_ScheduleOfSharebasedCompensationPlan_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfSharebasedCompensationPlan_doc" xml:lang="en-US">Tabular disclosure of share-based compensation plan.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ScheduleOfSocialSecurityProceedingsAssessedByManagement" xlink:to="afya_ScheduleOfSocialSecurityProceedingsAssessedByManagement_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ScheduleOfSocialSecurityProceedingsAssessedByManagement_doc" xml:lang="en-US">Disclosure of schedule of social security proceedings assessed by management.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SegmentOfBusinessOneUnitMember" xlink:to="afya_SegmentOfBusinessOneUnitMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SegmentOfBusinessOneUnitMember_doc" xml:lang="en-US">This member stands for segment of business one unit.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SegmentOfBusinessTwoUnitMember" xlink:to="afya_SegmentOfBusinessTwoUnitMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SegmentOfBusinessTwoUnitMember_doc" xml:lang="en-US">This member stands for segment of business two unit.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SensitivityChangeInTheEuroExchangeRate" xlink:to="afya_SensitivityChangeInTheEuroExchangeRate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SensitivityChangeInTheEuroExchangeRate_doc" xml:lang="en-US">Information about percentage of sensitivity change in the euro exchange rate.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ShareBasedCompensationOfEmployees" xlink:to="afya_ShareBasedCompensationOfEmployees_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ShareBasedCompensationOfEmployees_doc" xml:lang="en-US">The amount of share based compensation for employees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ShareBasedCompensationPlansMember" xlink:to="afya_ShareBasedCompensationPlansMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ShareBasedCompensationPlansMember_doc" xml:lang="en-US">This member stands for share based compensation plans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ShareOfIncomeOfAssociateOfOpeartingActivities" xlink:to="afya_ShareOfIncomeOfAssociateOfOpeartingActivities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ShareOfIncomeOfAssociateOfOpeartingActivities_doc" xml:lang="en-US">The amount refers to share of income of associate of opearting activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted" xlink:to="afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted_doc" xml:lang="en-US">Information about share price fair value at measurement date share options granted.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SharebasedPaymentsPolicyExplanatory" xlink:to="afya_SharebasedPaymentsPolicyExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SharebasedPaymentsPolicyExplanatory_doc" xml:lang="en-US">Disclosure of sharebased payments policy.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ShareholdersMember" xlink:to="afya_ShareholdersMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_ShareholdersMember_doc" xml:lang="en-US">The member stands for shareholder.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SharesBasedCompensation" xlink:to="afya_SharesBasedCompensation_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SharesBasedCompensation_doc" xml:lang="en-US">The amount refers to shares based compensation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SignificantAccountingEstimatesAndAssumptionsExplanatory" xlink:to="afya_SignificantAccountingEstimatesAndAssumptionsExplanatory_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SignificantAccountingEstimatesAndAssumptionsExplanatory_doc" xml:lang="en-US">Disclosure of significant accounting estimates and assumptions.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SignificantAccountingPoliciesLineItems" xlink:to="afya_SignificantAccountingPoliciesLineItems_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SignificantAccountingPoliciesLineItems_doc" xml:lang="en-US">Represents significant accounting policies.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SignificantAccountingPoliciesTable" xlink:to="afya_SignificantAccountingPoliciesTable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SignificantAccountingPoliciesTable_doc" xml:lang="en-US">Table of significant accounting policies.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SociedadeUniversitariaRedentorSAMember" xlink:to="afya_SociedadeUniversitariaRedentorSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SociedadeUniversitariaRedentorSAMember_doc" xml:lang="en-US">The member stands for sociedade universitaria redentor s.a.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SociedadeUniversitariaRedentorSAUniRedentorMember" xlink:to="afya_SociedadeUniversitariaRedentorSAUniRedentorMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SociedadeUniversitariaRedentorSAUniRedentorMember_doc" xml:lang="en-US">The member stands for sociedade universitor s.a unit redentor.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_StockOptionsMember" xlink:to="afya_StockOptionsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_StockOptionsMember_doc" xml:lang="en-US">The member stands for stock options.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_StrikePriceeAtMeasurementDateShareOptionsGranted" xlink:to="afya_StrikePriceeAtMeasurementDateShareOptionsGranted_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_StrikePriceeAtMeasurementDateShareOptionsGranted_doc" xml:lang="en-US">The strike price of share options granted during the period at the measurement date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SubsidiarySaleOfStocksAxis" xlink:to="afya_SubsidiarySaleOfStocksAxis_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SubsidiarySaleOfStocksAxis_doc" xml:lang="en-US">The axis of a table defines the relationship between the domain members or categories in the table and the line items or concepts that complete the table.</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_SubsidiarySaleOfStocksDomain" xlink:label="afya_SubsidiarySaleOfStocksDomain" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SubsidiarySaleOfStocksDomain" xlink:to="afya_SubsidiarySaleOfStocksDomain_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SubsidiarySaleOfStocksDomain_doc" xml:lang="en-US">It represents subsidiary sale of stock domain.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummarizesNotionalAndFairValueAmountsOfSwapAgreementsAs" xlink:to="afya_SummarizesNotionalAndFairValueAmountsOfSwapAgreementsAs_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SummarizesNotionalAndFairValueAmountsOfSwapAgreementsAs_doc" xml:lang="en-US">Disclosure of summarizes notional and fair value amounts of swap agreements as.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfAssumptionsForIntangibleAssetImpairmentTestTableTextBlock" xlink:to="afya_SummaryOfAssumptionsForIntangibleAssetImpairmentTestTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SummaryOfAssumptionsForIntangibleAssetImpairmentTestTableTextBlock_doc" xml:lang="en-US">Schedule disclosing information related to the summary of assumptions for intangible asset impairment test .</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfContractualMaturitiesOfFinancialLiabilitiesTableTextBlock" xlink:to="afya_SummaryOfContractualMaturitiesOfFinancialLiabilitiesTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SummaryOfContractualMaturitiesOfFinancialLiabilitiesTableTextBlock_doc" xml:lang="en-US">Schedule disclosing information related to the summary of contractual maturities of financial liabilities .</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfCurrenciesUsedInSensitivityAnalysisTableTextBlock" xlink:to="afya_SummaryOfCurrenciesUsedInSensitivityAnalysisTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SummaryOfCurrenciesUsedInSensitivityAnalysisTableTextBlock_doc" xml:lang="en-US">Schedule disclosing information related to the summary of currencies used in sensitivity analysis .</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfEstimatedUsefulLivesOfIntangibleAssetsTableTextBlock" xlink:to="afya_SummaryOfEstimatedUsefulLivesOfIntangibleAssetsTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SummaryOfEstimatedUsefulLivesOfIntangibleAssetsTableTextBlock_doc" xml:lang="en-US">Schedule disclosing information related to the summary of estimated useful lives of intangible assets .</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfExpensesByNatureTableTextBlock" xlink:to="afya_SummaryOfExpensesByNatureTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SummaryOfExpensesByNatureTableTextBlock_doc" xml:lang="en-US">Schedule disclosing information related to the net sales revenue .</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfIntangibleAssetsTableTextBlock" xlink:to="afya_SummaryOfIntangibleAssetsTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SummaryOfIntangibleAssetsTableTextBlock_doc" xml:lang="en-US">Schedule disclosing information related to the summary of intangible assets .</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfKeyManagementPersonnelCompensationTableTextBlock" xlink:to="afya_SummaryOfKeyManagementPersonnelCompensationTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SummaryOfKeyManagementPersonnelCompensationTableTextBlock_doc" xml:lang="en-US">Schedule disclosing information related to the summary of key management personnel compensation .</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfSensitivityAnalysisEffectsOnIncomeStatementTableTextBlock" xlink:to="afya_SummaryOfSensitivityAnalysisEffectsOnIncomeStatementTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SummaryOfSensitivityAnalysisEffectsOnIncomeStatementTableTextBlock_doc" xml:lang="en-US">Schedule disclosing information related to the summary of sensitivity analysis effects on income statement .</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SummaryOfSubsidiariesJointVenturesAndJointOperationsTableTextBlock" xlink:to="afya_SummaryOfSubsidiariesJointVenturesAndJointOperationsTableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SummaryOfSubsidiariesJointVenturesAndJointOperationsTableTextBlock_doc" xml:lang="en-US">Schedule disclosing information related to the summary of subsidiaries joint ventures and joint operations .</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxAuthorityAxis" xlink:to="afya_TaxAuthorityAxis_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TaxAuthorityAxis_doc" xml:lang="en-US">Axis represent tax authority.</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TaxAuthorityDomain" xlink:label="afya_TaxAuthorityDomain" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxAuthorityDomain" xlink:to="afya_TaxAuthorityDomain_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TaxAuthorityDomain_doc" xml:lang="en-US">Represents tax authority domain.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxEffectOnIncomeFromEntitiesNotSubjectToTaxation" xlink:to="afya_TaxEffectOnIncomeFromEntitiesNotSubjectToTaxation_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TaxEffectOnIncomeFromEntitiesNotSubjectToTaxation_doc" xml:lang="en-US">Amount represents tax effect on income from entities not subject to taxation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxEffectOverPreacquisitionLosses" xlink:to="afya_TaxEffectOverPreacquisitionLosses_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TaxEffectOverPreacquisitionLosses_doc" xml:lang="en-US">The amount of tax effect over pre acquisition losses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxExpenses" xlink:to="afya_TaxExpenses_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TaxExpenses_doc" xml:lang="en-US">The amount refers to tax expenses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxOnFinancialOperations" xlink:to="afya_TaxOnFinancialOperations_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TaxOnFinancialOperations_doc" xml:lang="en-US">The amount of taxes on financial transactions.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxesAndSocialSecurityMember" xlink:to="afya_TaxesAndSocialSecurityMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TaxesAndSocialSecurityMember_doc" xml:lang="en-US">This member stands for taxes and social security.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxesMember" xlink:to="afya_TaxesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TaxesMember_doc" xml:lang="en-US">The member stands for taxes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxesPayableAsOfAcquisitionDate" xlink:to="afya_TaxesPayableAsOfAcquisitionDate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TaxesPayableAsOfAcquisitionDate_doc" xml:lang="en-US">I represents taxes payable as of acquisition date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TaxesPolicyExplanation" xlink:to="afya_TaxesPolicyExplanation_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TaxesPolicyExplanation_doc" xml:lang="en-US">Disclosure of taxes policy explanation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TeachingActivitiesMember" xlink:to="afya_TeachingActivitiesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TeachingActivitiesMember_doc" xml:lang="en-US">The member represent services.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TimingOfRevenueRecognitionOfNetRevenueFromContractsWithCustomers" xlink:to="afya_TimingOfRevenueRecognitionOfNetRevenueFromContractsWithCustomers_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TimingOfRevenueRecognitionOfNetRevenueFromContractsWithCustomers_doc" xml:lang="en-US">Information about timing of revenue recognition of net revenue from contracts with customers.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TimingRevenueRecognition" xlink:to="afya_TimingRevenueRecognition_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TimingRevenueRecognition_doc" xml:lang="en-US">The amount refers to timing revenue recognition.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TradeAndOtherReceivablesLineItems" xlink:to="afya_TradeAndOtherReceivablesLineItems_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TradeAndOtherReceivablesLineItems_doc" xml:lang="en-US">The line represents concepts include in a table. These concepts are used to discloure reportable information associated with domain member defined in one or more axes of the table.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TradeAndOtherReceivablesTable" xlink:to="afya_TradeAndOtherReceivablesTable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TradeAndOtherReceivablesTable_doc" xml:lang="en-US">Schedule disclosing information related to trade and other receivables.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TradeReceivablesAsOfAcquisitionDate" xlink:to="afya_TradeReceivablesAsOfAcquisitionDate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TradeReceivablesAsOfAcquisitionDate_doc" xml:lang="en-US">The amount recognised as of the acquisition date for trade receivables.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TradeReceivablesRelatedPartyTransactions" xlink:to="afya_TradeReceivablesRelatedPartyTransactions_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TradeReceivablesRelatedPartyTransactions_doc" xml:lang="en-US">The amounts resulting from trade receivable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TransferredAmountToGBankAccounts" xlink:to="afya_TransferredAmountToGBankAccounts_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TransferredAmountToGBankAccounts_doc" xml:lang="en-US">The amoun of transferred amount to bank accounts.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TuitionFeesMember" xlink:to="afya_TuitionFeesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TuitionFeesMember_doc" xml:lang="en-US">This member stands for tuition fees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TwentyTwentyFourMember" xlink:to="afya_TwentyTwentyFourMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TwentyTwentyFourMember_doc" xml:lang="en-US">The member stands for twenty twenty four.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TwentyTwentyOneMember" xlink:to="afya_TwentyTwentyOneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TwentyTwentyOneMember_doc" xml:lang="en-US">The member stands for twenty twenty one.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TwentyTwentySevenMember" xlink:to="afya_TwentyTwentySevenMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TwentyTwentySevenMember_doc" xml:lang="en-US">This member stands for twenty twenty seven.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TwentyTwentyThreeMember" xlink:to="afya_TwentyTwentyThreeMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TwentyTwentyThreeMember_doc" xml:lang="en-US">The member stands for twenty twenty three.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TypeOfArrangement1Axis" xlink:to="afya_TypeOfArrangement1Axis_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TypeOfArrangement1Axis_doc" xml:lang="en-US">Information by collaborative arrangement and arrangement other than collaborative applicable to revenue-generating activity or operations.</link:label>
      <link:loc xlink:type="locator" xlink:href="afya-20201231.xsd#afya_TypeOfArrangement1Domain" xlink:label="afya_TypeOfArrangement1Domain" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TypeOfArrangement1Domain" xlink:to="afya_TypeOfArrangement1Domain_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TypeOfArrangement1Domain_doc" xml:lang="en-US">It represents type of arrangement domain.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_TypesOfRiskMember" xlink:to="afya_TypesOfRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_TypesOfRiskMember_doc" xml:lang="en-US">This member stands for types of risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UEPCMember" xlink:to="afya_UEPCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_UEPCMember_doc" xml:lang="en-US">This member stands for UPEC.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UNIVACOPatrimonialLtdaMember" xlink:to="afya_UNIVACOPatrimonialLtdaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_UNIVACOPatrimonialLtdaMember_doc" xml:lang="en-US">This member stands for UNIVACO patrimonial ltda.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_USDMember" xlink:to="afya_USDMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_USDMember_doc" xml:lang="en-US">The member stands for usd.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UnderwritersMember" xlink:to="afya_UnderwritersMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_UnderwritersMember_doc" xml:lang="en-US">The member represent underwriters.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UniRedentorMember" xlink:to="afya_UniRedentorMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_UniRedentorMember_doc" xml:lang="en-US">The member stands for uniredentor.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UniSLMember" xlink:to="afya_UniSLMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_UniSLMember_doc" xml:lang="en-US">The member stands for unisl.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UniaoEducacionalDoPlanaltoCentralSAMember" xlink:to="afya_UniaoEducacionalDoPlanaltoCentralSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_UniaoEducacionalDoPlanaltoCentralSAMember_doc" xml:lang="en-US">This member stands for entities that are controlled by another entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UniaoEducacionalDoPlanaltoCentralSAUEPCMember" xlink:to="afya_UniaoEducacionalDoPlanaltoCentralSAUEPCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_UniaoEducacionalDoPlanaltoCentralSAUEPCMember_doc" xml:lang="en-US">This member stand for the uniao educacional do planalto central SAUEPC.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UniaoEducacionalDoValeDoAcoSAUNIVACOMember" xlink:to="afya_UniaoEducacionalDoValeDoAcoSAUNIVACOMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_UniaoEducacionalDoValeDoAcoSAUNIVACOMember_doc" xml:lang="en-US">This member stands for entities that are controlled by another entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UnrecognisedDeferredTaxAssets" xlink:to="afya_UnrecognisedDeferredTaxAssets_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_UnrecognisedDeferredTaxAssets_doc" xml:lang="en-US">The amount of unrecognised deferred tax assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne" xlink:to="afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne_doc" xml:lang="en-US">Information about weighted average fair value at measurement date share options granted one.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_WeightedAverageSharePriceShareOptionsGranted" xlink:to="afya_WeightedAverageSharePriceShareOptionsGranted_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_WeightedAverageSharePriceShareOptionsGranted_doc" xml:lang="en-US">Information about weighted average share price share options granted.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_WriteOffFromAllowancesForDoubfulAccountsOnTradeReceivable" xlink:to="afya_WriteOffFromAllowancesForDoubfulAccountsOnTradeReceivable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_WriteOffFromAllowancesForDoubfulAccountsOnTradeReceivable_doc" xml:lang="en-US">Writeoff from alloawances for credit losses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SociedadePadraoDeEducacaoSuperiorLtdaMember" xlink:to="afya_SociedadePadraoDeEducacaoSuperiorLtdaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SociedadePadraoDeEducacaoSuperiorLtdaMember_doc" xml:lang="en-US">The member stands for sociedade padrao educacao superior ltd.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_AmountOfPurchasePrice" xlink:to="afya_AmountOfPurchasePrice_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_AmountOfPurchasePrice_doc" xml:lang="en-US">Amount of purchase price.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingThreeMember" xlink:to="afya_LoansAndFinancingThreeMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_LoansAndFinancingThreeMember_doc" xml:lang="en-US">The member stands for loans and financing member.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SoftBankLatinAmericaFundMember" xlink:to="afya_SoftBankLatinAmericaFundMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SoftBankLatinAmericaFundMember_doc" xml:lang="en-US">Member stands for soft bank latin america fund.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_SeriesAPerpetualConvertiblePreferredSharesMember" xlink:to="afya_SeriesAPerpetualConvertiblePreferredSharesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_SeriesAPerpetualConvertiblePreferredSharesMember_doc" xml:lang="en-US">Member stands for series a perpetual convertible preferred shares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DescritionOfKeyTermsOfPerpetualConvertiblePreferredShares" xlink:to="afya_DescritionOfKeyTermsOfPerpetualConvertiblePreferredShares_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DescritionOfKeyTermsOfPerpetualConvertiblePreferredShares_doc" xml:lang="en-US">Information pertaining to key terms of the perpetual convertible preferred shares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DescritionOfShareBasedCompensation" xlink:to="afya_DescritionOfShareBasedCompensation_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="afya_DescritionOfShareBasedCompensation_doc" xml:lang="en-US">Descrition of Share-based compensation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_UniaoEducacionalDoPlanaltoCentralSAUEPCMember" xlink:to="afya_UniaoEducacionalDoPlanaltoCentralSAUEPCMember_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_UniaoEducacionalDoPlanaltoCentralSAUEPCMember_3_lbl" xml:lang="en-US">Uniao Educacional do Planalto Central S.A. ("UEPC") [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_MedPhoneTecnologiaEMSaudeLtdMember" xlink:to="afya_MedPhoneTecnologiaEMSaudeLtdMember_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_MedPhoneTecnologiaEMSaudeLtdMember_3_lbl" xml:lang="en-US">Description of lease term [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_DevelopedTechnologyIntangibleAssetsMember" xlink:to="afya_DevelopedTechnologyIntangibleAssetsMember_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_DevelopedTechnologyIntangibleAssetsMember_3_lbl" xml:lang="en-US">Schedule of reconciliation of income tax expense [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingOneMember" xlink:to="afya_LoansAndFinancingOneMember_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LoansAndFinancingOneMember_3_lbl" xml:lang="en-US">Instituto De Ensino Superior Presidente Trancredo De Almeida Neves S.A. (IPTAN) [Member] [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingTwoMember" xlink:to="afya_LoansAndFinancingTwoMember_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LoansAndFinancingTwoMember_3_lbl" xml:lang="en-US">Instituto Tocantinense Presidente Antonio Carlos S.A. (ITPAC ) [Member] [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_LoansAndFinancingThreeMember" xlink:to="afya_LoansAndFinancingThreeMember_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_LoansAndFinancingThreeMember_3_lbl" xml:lang="en-US">LoansAndFinancingThreeMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssets" xlink:to="ifrs-full_CurrentAssets_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentAssets_3_lbl" xml:lang="en-US">Current assets [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentRestrictedCashAndCashEquivalents" xlink:to="ifrs-full_NoncurrentRestrictedCashAndCashEquivalents_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentRestrictedCashAndCashEquivalents_2_lbl" xml:lang="en-US">Non-current restricted cash and cash equivalents</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentAssets" xlink:to="ifrs-full_OtherNoncurrentAssets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherNoncurrentAssets_2_lbl" xml:lang="en-US">Other non-current assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_NoncurrentAssets_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentAssets_3_lbl" xml:lang="en-US">Non-current assets [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentLiabilities_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentLiabilities_4_lbl" xml:lang="en-US">Current liabilities [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LongtermBorrowings" xlink:to="ifrs-full_LongtermBorrowings_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LongtermBorrowings_2_lbl" xml:lang="en-US">Non-current portion of non-current borrowings</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentPayablesToRelatedParties" xlink:to="ifrs-full_NoncurrentPayablesToRelatedParties_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentPayablesToRelatedParties_3_lbl" xml:lang="en-US">Non-current payables to related parties</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NotesPayableNonCurrentLiabiites" xlink:to="afya_NotesPayableNonCurrentLiabiites_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NotesPayableNonCurrentLiabiites_3_lbl" xml:lang="en-US">2027 [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_NoncurrentTaxesPayable" xlink:to="afya_NoncurrentTaxesPayable_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_NoncurrentTaxesPayable_3_lbl" xml:lang="en-US">NoncurrentTaxesPayable</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentLiabilities" xlink:to="ifrs-full_OtherNoncurrentLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherNoncurrentLiabilities_2_lbl" xml:lang="en-US">Other non-current liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilities" xlink:to="ifrs-full_NoncurrentLiabilities_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentLiabilities_4_lbl" xml:lang="en-US">Non-current liabilities [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Liabilities" xlink:to="ifrs-full_Liabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Liabilities_2_lbl" xml:lang="en-US">Liabilities [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="ifrs-full_EquityAttributableToOwnersOfParent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_2_lbl" xml:lang="en-US">Equity attributable to owners of parent</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity_5_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Equity_5_lbl" xml:lang="en-US">Equity [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CostOfSales" xlink:to="ifrs-full_CostOfSales_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CostOfSales_2_lbl" xml:lang="en-US">Cost of sales</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceCosts" xlink:to="ifrs-full_FinanceCosts_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinanceCosts_3_lbl" xml:lang="en-US">Finance costs</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceIncomeCost" xlink:to="ifrs-full_FinanceIncomeCost_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinanceIncomeCost_2_lbl" xml:lang="en-US">Finance income (cost)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_2_lbl" xml:lang="en-US">Profit (loss), attributable to non-controlling interests</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncomeLossBeforeIncomeTaxes" xlink:to="afya_IncomeLossBeforeIncomeTaxes_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IncomeLossBeforeIncomeTaxes_3_lbl" xml:lang="en-US">IncomeLossBeforeIncomeTaxes</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:to="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_2_lbl" xml:lang="en-US">Adjustments for gain (loss) on disposals, property, plant and equipment</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_ShareOfIncomeOfAssociateOfOpeartingActivities" xlink:to="afya_ShareOfIncomeOfAssociateOfOpeartingActivities_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_ShareOfIncomeOfAssociateOfOpeartingActivities_3_lbl" xml:lang="en-US">ShareOfIncomeOfAssociateOfOpeartingActivities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForProvisions" xlink:to="ifrs-full_AdjustmentsForProvisions_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForProvisions_2_lbl" xml:lang="en-US">Adjustments for provisions</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_2_lbl" xml:lang="en-US">Adjustments for decrease (increase) in trade accounts receivable</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories_2_lbl" xml:lang="en-US">Adjustments for decrease (increase) in inventories</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_IncreaseDecreaseInRecoverableTaxes" xlink:to="afya_IncreaseDecreaseInRecoverableTaxes_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_IncreaseDecreaseInRecoverableTaxes_3_lbl" xml:lang="en-US">Finance expenses [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_2_lbl" xml:lang="en-US">Adjustments for decrease (increase) in other assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_2_lbl" xml:lang="en-US">Adjustments for increase (decrease) in trade accounts payable</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers_2_lbl" xml:lang="en-US">Adjustments for decrease (increase) in loans and advances to customers</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAdjustmentsForNoncashItems" xlink:to="ifrs-full_OtherAdjustmentsForNoncashItems_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems_2_lbl" xml:lang="en-US">Other adjustments for non-cash items</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_2_lbl" xml:lang="en-US">Adjustments for increase (decrease) in other liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForReconcileProfitLoss" xlink:to="ifrs-full_AdjustmentsForReconcileProfitLoss_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLoss_2_lbl" xml:lang="en-US">Adjustments to reconcile profit (loss)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:to="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_2_lbl" xml:lang="en-US">Income taxes paid (refund), classified as operating activities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_2_lbl" xml:lang="en-US">Cash flows from (used in) operating activities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_2_lbl" xml:lang="en-US">Purchase of property, plant and equipment, classified as investing activities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_2_lbl" xml:lang="en-US">Purchase of intangible assets, classified as investing activities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="afya_RestrictedCashOfInvestingActivities" xlink:to="afya_RestrictedCashOfInvestingActivities_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="afya_RestrictedCashOfInvestingActivities_3_lbl" xml:lang="en-US">RestrictedCashOfInvestingActivities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities_2_lbl" xml:lang="en-US">Purchase of other long-term assets, classified as investing activities</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_2_lbl" xml:lang="en-US">Cash flows from (used in) investing activities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_2_lbl" xml:lang="en-US">Repayments of borrowings, classified as financing activities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_3_lbl" xlink:type="arc" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashRepaymentsOfAdvancesAndLoansFromRelatedParties" xlink:to="ifrs-full_CashRepaymentsOfAdvancesAndLoansFromRelatedParties_2_lbl" xlink:type="arc" />
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<DOCUMENT>
<TYPE>EX-101.PRE
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<FILENAME>afya-20201231_pre.xml
<DESCRIPTION>XBRL PRESENTATION FILE
<TEXT>
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<TYPE>XML
<SEQUENCE>40
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550588269032">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2020 </div>
<div>shares</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Afya Ltd<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001771007<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">20-F<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Dec. 31,  2020<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityWellKnownSeasonedIssuer', window );">Entity Well-known Seasoned Issuer</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityVoluntaryFilers', window );">Entity Voluntary Filers</a></td>
<td class="text">No<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Entity Current Reporting Status</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Large Accelerated Filer<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">true<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityExTransitionPeriod', window );">Entity Ex Transition Period</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityShellCompany', window );">Entity Shell Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentTransitionReport', window );">Document Transition Report</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentShellCompanyReport', window );">Document Shell Company Report</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentAnnualReport', window );">Document Annual Report</a></td>
<td class="text">true<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityInteractiveDataCurrent', window );">Entity Interactive Data Current</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_IcfrAuditorAttestationFlag', window );">Auditor Attestation Flag</a></td>
<td class="text">true<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">E9<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentAccountingStandard', window );">Document Accounting Standard</a></td>
<td class="text">International Financial Reporting Standards<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">FY<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2020<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassAOrdinarySharesMember', window );">Class A Ordinary Shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">45,112,416<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassBOrdinarySharesMember', window );">Class B Ordinary Shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">48,034,315<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentAccountingStandard">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentAccountingStandard</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:accountingStandardItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentAnnualReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as an annual report.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentAnnualReport</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fiscalPeriodItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentShellCompanyReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentShellCompanyReport</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentTransitionReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as a transition report.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Forms 10-K, 10-Q, 20-F<br> -Number 240<br> -Section 13<br> -Subsection a-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentTransitionReport</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityExTransitionPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 7A<br> -Section B<br> -Subsection 2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityExTransitionPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityInteractiveDataCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-T<br> -Number 232<br> -Section 405<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityInteractiveDataCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityShellCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityShellCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityVoluntaryFilers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityVoluntaryFilers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityWellKnownSeasonedIssuer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityWellKnownSeasonedIssuer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_IcfrAuditorAttestationFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_IcfrAuditorAttestationFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfClassesOfShareCapitalLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassAOrdinarySharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=afya_ClassAOrdinarySharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassBOrdinarySharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=afya_ClassBOrdinarySharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
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<TYPE>XML
<SEQUENCE>41
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587826264">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated statements of financial position - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssetsAbstract', window );"><strong>Current assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">R$ 1,045,042<span></span>
</td>
<td class="nump">R$ 943,209<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentRestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">14,788<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Trade receivables</a></td>
<td class="nump">302,317<span></span>
</td>
<td class="nump">125,439<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Inventories</a></td>
<td class="nump">7,509<span></span>
</td>
<td class="nump">3,932<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxAssets', window );">Recoverable taxes</a></td>
<td class="nump">21,019<span></span>
</td>
<td class="nump">6,485<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherCurrentAssets', window );">Other assets</a></td>
<td class="nump">29,614<span></span>
</td>
<td class="nump">17,912<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Total current assets</a></td>
<td class="nump">1,405,501<span></span>
</td>
<td class="nump">1,111,765<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssetsAbstract', window );"><strong>Non-current assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentRestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="nump">2,053<span></span>
</td>
<td class="nump">2,053<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentTradeReceivables', window );">Trade receivables</a></td>
<td class="nump">7,627<span></span>
</td>
<td class="nump">9,801<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentAssets', window );">Other assets</a></td>
<td class="nump">74,037<span></span>
</td>
<td class="nump">17,267<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property and equipment</a></td>
<td class="nump">260,381<span></span>
</td>
<td class="nump">139,320<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Investment in associate</a></td>
<td class="nump">51,410<span></span>
</td>
<td class="nump">45,634<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Right-of-use assets</a></td>
<td class="nump">419,074<span></span>
</td>
<td class="nump">274,275<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Intangible assets</a></td>
<td class="nump">2,573,010<span></span>
</td>
<td class="nump">1,312,338<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Total non-current assets</a></td>
<td class="nump">3,387,592<span></span>
</td>
<td class="nump">1,800,688<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">4,793,093<span></span>
</td>
<td class="nump">2,912,453<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilitiesAbstract', window );"><strong>Current liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="nump">35,743<span></span>
</td>
<td class="nump">17,628<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShorttermBorrowings', window );">Loans and financing</a></td>
<td class="nump">107,162<span></span>
</td>
<td class="nump">53,607<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentDerivativeFinancialLiabilities', window );">Derivatives</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">757<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">61,976<span></span>
</td>
<td class="nump">22,693<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="nump">188,420<span></span>
</td>
<td class="nump">131,883<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotePayableCurrent', window );">Notes payable</a></td>
<td class="nump">10,503<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentDepositsFromCustomers', window );">Advances from customers</a></td>
<td class="nump">63,839<span></span>
</td>
<td class="nump">36,860<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentRecognisedLiabilitiesDefinedBenefitPlan', window );">Labor and social obligations</a></td>
<td class="nump">77,855<span></span>
</td>
<td class="nump">46,770<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CurrentTaxesPayable', window );">Taxes payable</a></td>
<td class="nump">32,976<span></span>
</td>
<td class="nump">19,442<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilitiesCurrent', window );">Income taxes payable</a></td>
<td class="nump">4,574<span></span>
</td>
<td class="nump">3,213<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherCurrentLiabilities', window );">Other liabilities</a></td>
<td class="nump">6,331<span></span>
</td>
<td class="nump">376<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Total current liabilities</a></td>
<td class="nump">589,379<span></span>
</td>
<td class="nump">333,229<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilitiesAbstract', window );"><strong>Non-current liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Loans and financing</a></td>
<td class="nump">510,323<span></span>
</td>
<td class="nump">6,750<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">385,727<span></span>
</td>
<td class="nump">261,822<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="nump">329,820<span></span>
</td>
<td class="nump">168,354<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotesPayableNonCurrentLiabiites', window );">Notes payable</a></td>
<td class="nump">65,678<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NoncurrentTaxesPayable', window );">Taxes payable</a></td>
<td class="nump">21,425<span></span>
</td>
<td class="nump">21,304<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermLegalProceedingsProvision', window );">Provision for legal proceedings</a></td>
<td class="nump">53,139<span></span>
</td>
<td class="nump">5,269<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentLiabilities', window );">Other liabilities</a></td>
<td class="nump">3,822<span></span>
</td>
<td class="nump">1,999<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Total non-current liabilities</a></td>
<td class="nump">1,369,934<span></span>
</td>
<td class="nump">465,498<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Liabilities', window );">Total liabilities</a></td>
<td class="nump">1,959,313<span></span>
</td>
<td class="nump">798,727<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssuedCapital', window );">Share capital</a></td>
<td class="nump">17<span></span>
</td>
<td class="nump">17<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalPaidinCapital', window );">Additional paid-in capital</a></td>
<td class="nump">2,323,488<span></span>
</td>
<td class="nump">1,931,047<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReserveOfSharebasedPayments', window );">Share-based compensation reserve</a></td>
<td class="nump">50,724<span></span>
</td>
<td class="nump">18,114<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetainedEarnings', window );">Retained earnings</a></td>
<td class="nump">407,991<span></span>
</td>
<td class="nump">115,916<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAttributableToOwnersOfParent', window );">Equity attributable to equity holders of the parent</a></td>
<td class="nump">2,782,220<span></span>
</td>
<td class="nump">2,065,094<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">51,560<span></span>
</td>
<td class="nump">48,632<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total equity</a></td>
<td class="nump">2,833,780<span></span>
</td>
<td class="nump">2,113,726<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and equity</a></td>
<td class="nump">R$ 4,793,093<span></span>
</td>
<td class="nump">R$ 2,912,453<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CurrentTaxesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to current taxes payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CurrentTaxesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NoncurrentTaxesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to noncurrent taxes payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NoncurrentTaxesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NotePayableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of notes payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NotePayableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NotesPayableNonCurrentLiabiites">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current notes payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NotesPayableNonCurrentLiabiites</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionalPaidinCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount received or receivable from the issuance of the entity's shares in excess of nominal value and amounts received from other transactions involving the entity's stock or stockholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionalPaidinCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of a present economic resource controlled by the entity as a result of past events. Economic resource is a right that has the potential to produce economic benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentDepositsFromCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current deposits from customers. [Refer: Deposits from customers]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentDepositsFromCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentDerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current derivative financial liabilities. [Refer: Derivative financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentDerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentRecognisedLiabilitiesDefinedBenefitPlan">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current net defined benefit liability. [Refer: Net defined benefit liability]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentRecognisedLiabilitiesDefinedBenefitPlan</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentRestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current restricted cash and cash equivalents. [Refer: Restricted cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentRestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The excess of amount paid for current tax in respect of current and prior periods over the amount due for those periods. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph n<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current amount of current tax liabilities. [Refer: Current tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph n<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 68<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of equity attributable to the owners of the parent. This specifically excludes non-controlling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph r<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_r&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of identifiable non-monetary assets without physical substance. This amount does not include goodwill. [Refer: Goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2020-01-01<br> -Paragraph 118<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_118_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Inventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current inventories. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 36<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_36_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_g&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 68<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Inventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of investments in subsidiaries, joint ventures and associates in an entity's separate financial statements. [Refer: Associates [member]; Joint ventures [member]; Subsidiaries [member]; Investments in subsidiaries]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssuedCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value of capital issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssuedCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of a present obligation of the entity to transfer an economic resource as a result of past events. Economic resource is a right that has the potential to produce economic benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermLegalProceedingsProvision">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current provision for legal proceedings. [Refer: Legal proceedings provision]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2020-01-01<br> -Section Example 10 A court case<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2020-en-r&amp;doctype=Illustrative%20Examples&amp;dita_xref=IAS37_IE_C_ex10_TI<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2020-01-01<br> -Paragraph 87<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_87&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermLegalProceedingsProvision</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of equity in a subsidiary not attributable, directly or indirectly, to a parent. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 12<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_12_f&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph q<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_q&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 10<br> -IssueDate 2020-01-01<br> -Paragraph 22<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=10&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_22&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentPayablesToRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current payables due to related parties. [Refer: Related parties [member]; Payables to related parties]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentPayablesToRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentRestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current restricted cash and cash equivalents. [Refer: Restricted cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentRestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current assets that the entity does not separately disclose in the same statement or note. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current liabilities that the entity does not separately disclose in the same statement or note. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherNoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current assets that the entity does not separately disclose in the same statement or note. [Refer: Non-current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherNoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherNoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current liabilities that the entity does not separately disclose in the same statement or note. [Refer: Non-current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherNoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfSharebasedPayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity resulting from share-based payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfSharebasedPayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RetainedEarnings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the entity's cumulative undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph IG6<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IG6&amp;doctype=Implementation%20Guidance<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetainedEarnings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that represent a lessee's right to use an underlying asset for the lease term. Underlying asset is an asset that is the subject of a lease, for which the right to use that asset has been provided by a lessor to a lessee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 53<br> -Subparagraph j<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_53_j&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RightofuseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShorttermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShorttermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade payables and current other payables. [Refer: Current trade payables; Other current payables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph k<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_k&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current payables due to related parties. [Refer: Related parties [member]; Payables to related parties]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>42
<FILENAME>R3.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550586549976">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated statements of income and comprehensive income - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="4">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeStatementAbstract', window );"><strong>Profit or loss [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="nump">R$ 1,201,191<span></span>
</td>
<td class="nump">R$ 750,630<span></span>
</td>
<td class="nump">R$ 333,935<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of services</a></td>
<td class="num">(434,654)<span></span>
</td>
<td class="num">(308,853)<span></span>
</td>
<td class="num">(168,052)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossProfit', window );">Gross profit</a></td>
<td class="nump">766,537<span></span>
</td>
<td class="nump">441,777<span></span>
</td>
<td class="nump">165,883<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(402,855)<span></span>
</td>
<td class="num">(239,120)<span></span>
</td>
<td class="num">(70,034)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherIncome', window );">Other (expenses) income, net</a></td>
<td class="num">(347)<span></span>
</td>
<td class="nump">2,594<span></span>
</td>
<td class="nump">599<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating income</a></td>
<td class="nump">363,335<span></span>
</td>
<td class="nump">205,251<span></span>
</td>
<td class="nump">96,448<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Finance income</a></td>
<td class="nump">62,290<span></span>
</td>
<td class="nump">51,689<span></span>
</td>
<td class="nump">10,428<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Finance expenses</a></td>
<td class="num">(98,269)<span></span>
</td>
<td class="num">(72,365)<span></span>
</td>
<td class="num">(8,154)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncomeCost', window );">Finance result</a></td>
<td class="num">(35,979)<span></span>
</td>
<td class="num">(20,676)<span></span>
</td>
<td class="nump">2,274<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Share of income of associate</a></td>
<td class="nump">7,698<span></span>
</td>
<td class="nump">2,362<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income taxes</a></td>
<td class="nump">335,054<span></span>
</td>
<td class="nump">186,937<span></span>
</td>
<td class="nump">98,722<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income taxes expense</a></td>
<td class="num">(27,067)<span></span>
</td>
<td class="num">(14,175)<span></span>
</td>
<td class="num">(3,988)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="nump">307,987<span></span>
</td>
<td class="nump">172,762<span></span>
</td>
<td class="nump">94,734<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income</a></td>
<td class="nump">307,987<span></span>
</td>
<td class="nump">172,762<span></span>
</td>
<td class="nump">94,734<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToAbstract', window );"><strong>Net income attributable to</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Equity holders of the parent</a></td>
<td class="nump">292,075<span></span>
</td>
<td class="nump">153,916<span></span>
</td>
<td class="nump">86,353<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">15,912<span></span>
</td>
<td class="nump">18,846<span></span>
</td>
<td class="nump">8,381<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income</a></td>
<td class="nump">R$ 307,987<span></span>
</td>
<td class="nump">R$ 172,762<span></span>
</td>
<td class="nump">R$ 94,734<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsPerShareAbstract', window );"><strong>Basic earnings per share</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Per common share (in dollars per R$)</a></td>
<td class="nump">R$ 3.15<span></span>
</td>
<td class="nump">R$ 2.03<span></span>
</td>
<td class="nump">R$ 1.84<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsPerShareAbstract', window );"><strong>Diluted earnings per share</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Per common share (in dollars per R$)</a></td>
<td class="nump">R$ 3.12<span></span>
</td>
<td class="nump">R$ 2.02<span></span>
</td>
<td class="nump">R$ 1.81<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Considers the effects from the contribution of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya Brazil contributed to Afya.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2020-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 81A<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs relating to expenses directly or indirectly attributed to the goods or services sold, which may include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, unallocated production overheads and abnormal amounts of production costs of inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2020-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs associated with financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 82<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_82_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncomeCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income or cost associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncomeCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to general and administrative activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GrossProfit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue less cost of sales. [Refer: Cost of sales; Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GrossProfit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeStatementAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeStatementAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2020-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=26&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 82<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B13<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_viii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 81A<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81A_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of operating income that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2020-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=26&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35_b_iv&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2020-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2020-en-b&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2021-01-01<br> -Name IFRS<br> -Number 17<br> -IssueDate 2020-01-01<br> -Paragraph 113<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_113_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing and discontinued operations attributable to non-controlling interests. [Refer: Profit (loss); Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 12<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_12_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81B_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing and discontinued operations attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2020-01-01<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from operating activities of the entity. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2020-01-01<br> -Paragraph IE33<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=32&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE33&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2020-01-01<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) of associates and joint ventures accounted for using the equity method. [Refer: Associates [member]; Investments accounted for using equity method; Joint ventures [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23_g&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2020-01-01<br> -Paragraph 39M<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2020-en-b&amp;anchor=para_39M_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 82<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_82_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
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<head>
<title></title>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550583245720">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated statements of changes in equity - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Share capital [member]</div></th>
<th class="th"><div>Additional paid-in capital [member]</div></th>
<th class="th"><div>Share-based compensation reserve [member]</div></th>
<th class="th"><div>Legal reserve [member]</div></th>
<th class="th"><div>Retained earnings reserve [member]</div></th>
<th class="th"><div>Retained earnings [member]</div></th>
<th class="th"><div>Total [member]</div></th>
<th class="th"><div>Non-controlling interests [member]</div></th>
<th class="th"><div>Total</div></th>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balances at beginning at Dec. 31, 2017</a></td>
<td class="nump">R$ 66,485<span></span>
</td>
<td class="num">R$ (63,588)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">R$ 2,905<span></span>
</td>
<td class="nump">R$ 40,309<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">R$ 46,111<span></span>
</td>
<td class="nump">R$ 651<span></span>
</td>
<td class="nump">R$ 46,762<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ChangesInEquityAbstract', window );"><strong>Changes in equity [Roll forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">86,353<span></span>
</td>
<td class="nump">86,353<span></span>
</td>
<td class="nump">8,381<span></span>
</td>
<td class="nump">94,734<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">86,353<span></span>
</td>
<td class="nump">86,353<span></span>
</td>
<td class="nump">8,381<span></span>
</td>
<td class="nump">94,734<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CapitalIncreaseWithCash', window );">Capital increase with cash</a></td>
<td class="nump">156,304<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">156,304<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">156,304<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CapitalIncreaseWithReserves', window );">Capital increase with reserve</a></td>
<td class="nump">80,541<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(40,312)<span></span>
</td>
<td class="num">(40,229)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity', window );">Capital increase with contribution of IPTAN and IESVAP</a></td>
<td class="nump">11,670<span></span>
</td>
<td class="nump">188,602<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">200,272<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">200,272<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaid', window );">Dividends declared</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">10,781<span></span>
</td>
<td class="nump">10,781<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">10,781<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions', window );">Share-based compensation</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">2,161<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">2,161<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">2,161<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LegalReserve', window );">Legal reserve</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">4,318<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(4,318)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DividendsDeclaredToNoncontrollingInterests', window );">Dividends declared to non-controlling interests</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(5,845)<span></span>
</td>
<td class="num">(5,845)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NonControlingInterestsArisingOnBusinessCombination', window );">Non controling interest arising on business combination</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">85,185<span></span>
</td>
<td class="nump">85,185<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_EarningsRetention', window );">Earning retention</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">52,587<span></span>
</td>
<td class="num">(52,587)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balances at ending at Dec. 31, 2018</a></td>
<td class="nump">315,000<span></span>
</td>
<td class="nump">125,014<span></span>
</td>
<td class="nump">2,161<span></span>
</td>
<td class="nump">7,223<span></span>
</td>
<td class="nump">52,584<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">501,982<span></span>
</td>
<td class="nump">88,372<span></span>
</td>
<td class="nump">590,354<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ChangesInEquityAbstract', window );"><strong>Changes in equity [Roll forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">153,916<span></span>
</td>
<td class="nump">153,916<span></span>
</td>
<td class="nump">18,846<span></span>
</td>
<td class="nump">172,762<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">153,916<span></span>
</td>
<td class="nump">153,916<span></span>
</td>
<td class="nump">18,846<span></span>
</td>
<td class="nump">172,762<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CapitalIncreaseWithCash', window );">Capital increase with cash</a></td>
<td class="nump">150,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">150,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">150,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherContributionsByOwners', window );">Capital increase from shares contribution of shareholders</a></td>
<td class="nump">48,768<span></span>
</td>
<td class="nump">36,358<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">85,126<span></span>
</td>
<td class="num">(44,774)<span></span>
</td>
<td class="nump">40,352<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CapitalIncreaseFromCorporateReorganization', window );">Capital increase from the corporate reorganization</a></td>
<td class="nump">122,062<span></span>
</td>
<td class="nump">137,051<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">259,113<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">259,113<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaid', window );">Dividends declared</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(38,000)<span></span>
</td>
<td class="num">(38,000)<span></span>
</td>
<td class="num">(13,812)<span></span>
</td>
<td class="num">(51,812)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions', window );">Share-based compensation</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">17,627<span></span>
</td>
<td class="nump">18,114<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">35,742<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">35,742<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AllocationToAdditionalPaidinCapital', window );">Allocation to additional paid-in capital</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">33,001<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(33,001)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DividendsCancelled', window );">Dividends cancelled</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">4,107<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">4,107<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">4,107<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CorporateReorganization', window );">Corporate reorganization</a></td>
<td class="num">(635,830)<span></span>
</td>
<td class="nump">668,904<span></span>
</td>
<td class="num">(2,161)<span></span>
</td>
<td class="num">(7,223)<span></span>
</td>
<td class="num">(23,690)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssueOfEquity', window );">Issuance of common shares in follow-on public offering</a></td>
<td class="nump">16<span></span>
</td>
<td class="nump">992,762<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">992,778<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">992,778<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareIssueRelatedCost', window );">Share issuance cost</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(79,670)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(79,670)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(79,670)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balances at ending at Dec. 31, 2019</a></td>
<td class="nump">17<span></span>
</td>
<td class="nump">1,931,047<span></span>
</td>
<td class="nump">18,114<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">115,916<span></span>
</td>
<td class="nump">2,065,094<span></span>
</td>
<td class="nump">48,632<span></span>
</td>
<td class="nump">2,113,726<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ChangesInEquityAbstract', window );"><strong>Changes in equity [Roll forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">292,075<span></span>
</td>
<td class="nump">292,075<span></span>
</td>
<td class="nump">15,912<span></span>
</td>
<td class="nump">307,987<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">292,075<span></span>
</td>
<td class="nump">292,075<span></span>
</td>
<td class="nump">15,912<span></span>
</td>
<td class="nump">307,987<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherContributionsByOwners', window );">Capital increase from shares contribution of shareholders</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">17,531<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">17,531<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">17,531<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaid', window );">Dividends declared</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(12,984)<span></span>
</td>
<td class="num">(12,984)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions', window );">Share-based compensation</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">5,444<span></span>
</td>
<td class="nump">32,610<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">38,054<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">38,054<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssueOfEquity', window );">Issuance of common shares in follow-on public offering</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">389,170<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">389,170<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">389,170<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareIssueRelatedCost', window );">Share issuance cost</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(19,704)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(19,704)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(19,704)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balances at ending at Dec. 31, 2020</a></td>
<td class="nump">R$ 17<span></span>
</td>
<td class="nump">R$ 2,323,488<span></span>
</td>
<td class="nump">R$ 50,724<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">R$ 407,991<span></span>
</td>
<td class="nump">R$ 2,782,220<span></span>
</td>
<td class="nump">R$ 51,560<span></span>
</td>
<td class="nump">R$ 2,833,780<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AllocationToAdditionalPaidinCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to allocation to additional paidin capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AllocationToAdditionalPaidinCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CapitalIncreaseFromCorporateReorganization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to capital increase from corporate reorganization.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CapitalIncreaseFromCorporateReorganization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CapitalIncreaseWithCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to capital increase with cash.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CapitalIncreaseWithCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CapitalIncreaseWithReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to capital increase with reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CapitalIncreaseWithReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CorporateReorganization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to corporate reorganization.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CorporateReorganization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DividendsCancelled">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to dividends cancelled.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DividendsCancelled</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DividendsDeclaredToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to dividends declared to noncontrolling interests.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DividendsDeclaredToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_EarningsRetention">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to earnings retention.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_EarningsRetention</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LegalReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to legal reserve.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LegalReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NonControlingInterestsArisingOnBusinessCombination">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to non controling interests arising on business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NonControlingInterestsArisingOnBusinessCombination</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ChangesInEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ChangesInEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 81A<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends recognised as distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 107<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_107&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughOtherContributionsByOwners">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in equity through other contributions by owners that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughOtherContributionsByOwners</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from share-based payment transactions. [Refer: Equity]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from changes that the entity does not separately disclose in the same statement or note. [Refer: Equity]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssueOfEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in equity through the issue of equity instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssueOfEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2020-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2020-en-b&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2021-01-01<br> -Name IFRS<br> -Number 17<br> -IssueDate 2020-01-01<br> -Paragraph 113<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_113_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareIssueRelatedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cost related to the issuance of shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareIssueRelatedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>44
<FILENAME>R5.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550583951528">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated statements of cash flows - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncomeLossBeforeIncomeTaxes', window );">Income before income taxes</a></td>
<td class="nump">R$ 335,054<span></span>
</td>
<td class="nump">R$ 186,937<span></span>
</td>
<td class="nump">R$ 98,722<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract', window );"><strong>Adjustments to reconcile income before income taxes</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="nump">108,744<span></span>
</td>
<td class="nump">73,152<span></span>
</td>
<td class="nump">9,078<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment', window );">Disposals of property and equipment</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">78<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AllowanceForDoubtfulAccountsOfOpeartingActivities', window );">Allowance for doubtful accounts</a></td>
<td class="nump">32,081<span></span>
</td>
<td class="nump">15,040<span></span>
</td>
<td class="nump">7,714<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForSharebasedPayments', window );">Share-based compensation expense</a></td>
<td class="nump">32,610<span></span>
</td>
<td class="nump">18,114<span></span>
</td>
<td class="nump">2,161<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains', window );">Net foreign exchange differences</a></td>
<td class="nump">4,613<span></span>
</td>
<td class="num">(13,321)<span></span>
</td>
<td class="nump">2,697<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForFinanceCosts', window );">Net loss (gain) on derivatives</a></td>
<td class="num">(20,739)<span></span>
</td>
<td class="nump">1,780<span></span>
</td>
<td class="num">(1,219)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AccruedInterestOfOpeartingActivities', window );">Accrued interest</a></td>
<td class="nump">25,543<span></span>
</td>
<td class="nump">24,002<span></span>
</td>
<td class="nump">1,856<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpenseOnLeaseLiabilities', window );">Accrued lease interest</a></td>
<td class="nump">44,458<span></span>
</td>
<td class="nump">31,469<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ShareOfIncomeOfAssociateOfOpeartingActivities', window );">Share of income of associate</a></td>
<td class="num">(7,698)<span></span>
</td>
<td class="num">(2,362)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForProvisions', window );">Provision for legal proceedings</a></td>
<td class="nump">5,354<span></span>
</td>
<td class="num">(2,568)<span></span>
</td>
<td class="num">(344)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAdjustmentsToReconcileProfitLoss', window );">Others</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(11)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncreaseDecreaseInOperatingLiabilities1Abstract', window );"><strong>Changes in assets and liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable', window );">Trade receivables</a></td>
<td class="num">(164,286)<span></span>
</td>
<td class="num">(35,556)<span></span>
</td>
<td class="num">(28,198)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories', window );">Inventories</a></td>
<td class="num">(3,110)<span></span>
</td>
<td class="num">(236)<span></span>
</td>
<td class="num">(593)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncreaseDecreaseInRecoverableTaxes', window );">Recoverable taxes</a></td>
<td class="num">(13,709)<span></span>
</td>
<td class="num">(3,940)<span></span>
</td>
<td class="num">(63)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets', window );">Other assets</a></td>
<td class="num">(23,902)<span></span>
</td>
<td class="num">(7,403)<span></span>
</td>
<td class="num">(3,304)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable', window );">Trade payables</a></td>
<td class="nump">4,475<span></span>
</td>
<td class="nump">3,029<span></span>
</td>
<td class="num">(1,528)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncomeTaxExpense', window );">Taxes payables</a></td>
<td class="num">(552)<span></span>
</td>
<td class="nump">4,940<span></span>
</td>
<td class="num">(3,797)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers', window );">Advances from customers</a></td>
<td class="num">(1,951)<span></span>
</td>
<td class="nump">19,324<span></span>
</td>
<td class="nump">2,073<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAdjustmentsForNoncashItems', window );">Labor and social obligations</a></td>
<td class="nump">11,125<span></span>
</td>
<td class="nump">6,124<span></span>
</td>
<td class="num">(3,019)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities', window );">Other liabilities</a></td>
<td class="nump">22,771<span></span>
</td>
<td class="num">(10,881)<span></span>
</td>
<td class="nump">1,990<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLoss', window );">Total adjustments to reconcile income with net cash from operations</a></td>
<td class="nump">390,881<span></span>
</td>
<td class="nump">307,722<span></span>
</td>
<td class="nump">84,215<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities', window );">Income taxes paid</a></td>
<td class="num">(19,374)<span></span>
</td>
<td class="num">(8,506)<span></span>
</td>
<td class="num">(3,897)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivities', window );">Net cash flows from operating activities</a></td>
<td class="nump">371,507<span></span>
</td>
<td class="nump">299,216<span></span>
</td>
<td class="nump">80,318<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract', window );"><strong>Investing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities', window );">Acquisition of property and equipment</a></td>
<td class="num">(89,832)<span></span>
</td>
<td class="num">(56,964)<span></span>
</td>
<td class="num">(18,634)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities', window );">Acquisition of intangibles assets</a></td>
<td class="num">(47,753)<span></span>
</td>
<td class="num">(64,745)<span></span>
</td>
<td class="num">(3,053)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RestrictedCashOfInvestingActivities', window );">Restricted cash</a></td>
<td class="nump">14,788<span></span>
</td>
<td class="nump">7,530<span></span>
</td>
<td class="num">(18,810)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PaymentsOfNotesPayable', window );">Payments of notes payable</a></td>
<td class="num">(5,974)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities', window );">Acquisition of subsidiaries, net of cash acquired</a></td>
<td class="num">(913,991)<span></span>
</td>
<td class="num">(241,568)<span></span>
</td>
<td class="num">(221,298)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAdvancesAndLoansFromRelatedParties', window );">Loans to related parties</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">1,598<span></span>
</td>
<td class="num">(594)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivities', window );">Net cash flows used in investing activities</a></td>
<td class="num">(1,042,762)<span></span>
</td>
<td class="num">(354,149)<span></span>
</td>
<td class="num">(262,389)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract', window );"><strong>Financing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IssuanceOfLoansAndFinancing', window );">Issuance of loans and financing</a></td>
<td class="nump">605,041<span></span>
</td>
<td class="nump">7,383<span></span>
</td>
<td class="nump">74,980<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities', window );">Payments of loans and financing</a></td>
<td class="num">(155,090)<span></span>
</td>
<td class="num">(75,093)<span></span>
</td>
<td class="num">(6,492)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities', window );">Payments of lease liabilities</a></td>
<td class="num">(55,455)<span></span>
</td>
<td class="num">(39,779)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashRepaymentsOfAdvancesAndLoansFromRelatedParties', window );">Related parties loans</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(106)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CapitalIncreaseOfFinancialActivities', window );">Capital increase</a></td>
<td class="nump">5,444<span></span>
</td>
<td class="nump">167,628<span></span>
</td>
<td class="nump">156,304<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities', window );">Dividends paid to non-controlling interests</a></td>
<td class="num">(12,984)<span></span>
</td>
<td class="num">(51,812)<span></span>
</td>
<td class="num">(5,845)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromGovernmentGrantsClassifiedAsFinancingActivities', window );">Proceeds from initial public offering</a></td>
<td class="nump">389,170<span></span>
</td>
<td class="nump">992,778<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsForShareIssueCosts', window );">Share issuance costs</a></td>
<td class="num">(19,704)<span></span>
</td>
<td class="num">(79,670)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivities', window );">Net cash flows from (used in) financing activities</a></td>
<td class="nump">756,422<span></span>
</td>
<td class="nump">921,435<span></span>
</td>
<td class="nump">218,841<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents', window );">Net foreign exchange differences</a></td>
<td class="nump">16,666<span></span>
</td>
<td class="nump">14,447<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents', window );">Net increase in cash and cash equivalents</a></td>
<td class="nump">101,833<span></span>
</td>
<td class="nump">880,949<span></span>
</td>
<td class="nump">36,770<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents at the beginning of the year</a></td>
<td class="nump">943,209<span></span>
</td>
<td class="nump">62,260<span></span>
</td>
<td class="nump">25,490<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents at the end of the year</a></td>
<td class="nump">R$ 1,045,042<span></span>
</td>
<td class="nump">R$ 943,209<span></span>
</td>
<td class="nump">R$ 62,260<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AccruedInterestOfOpeartingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to accrued interest of opearting activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AccruedInterestOfOpeartingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AllowanceForDoubtfulAccountsOfOpeartingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to allowance for doubtful accounts of opearting activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AllowanceForDoubtfulAccountsOfOpeartingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CapitalIncreaseOfFinancialActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to capital increase of financial activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CapitalIncreaseOfFinancialActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_IncomeLossBeforeIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before tax expense or income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_IncomeLossBeforeIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_IncreaseDecreaseInOperatingLiabilities1Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_IncreaseDecreaseInOperatingLiabilities1Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_IncreaseDecreaseInRecoverableTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of increase decrease in recoverable taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_IncreaseDecreaseInRecoverableTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_IssuanceOfLoansAndFinancing">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of ssuance of loans and financing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_IssuanceOfLoansAndFinancing</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_PaymentsOfNotesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of payments of notes payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_PaymentsOfNotesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RestrictedCashOfInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to restricted cash of investing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RestrictedCashOfInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ShareOfIncomeOfAssociateOfOpeartingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to share of income of associate of opearting activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ShareOfIncomeOfAssociateOfOpeartingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in inventories to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Inventories; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInInventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in loans and advances to customers to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Loans and advances to customers; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in other assets to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Other assets; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in trade accounts receivable to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for depreciation and amortisation expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Depreciation and amortisation expense; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForFinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for finance costs to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Finance costs; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForFinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for gain (loss) on disposals of property, plant and equipment to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss); Property, plant and equipment; Disposals, property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForIncomeTaxExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for income tax expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 35<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncomeTaxExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in other liabilities to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Other liabilities; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in trade accounts payable to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for provisions to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Provisions; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForReconcileProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForReconcileProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForReconcileProfitLossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForSharebasedPayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for share-based payments to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForSharebasedPayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for unrealised foreign exchange losses (gains) to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAdvancesAndLoansFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from advances and loans from related parties. [Refer: Related parties [member]; Advances received]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAdvancesAndLoansFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) operating activities, which are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashRepaymentsOfAdvancesAndLoansFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for repayments of advances and loans from related parties. [Refer: Related parties [member]; Advances received]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashRepaymentsOfAdvancesAndLoansFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for dividends paid by the entity, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The effect of exchange rate changes on cash and cash equivalents held or due in a foreign currency. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from income taxes paid or refunded, classified as operating activities. [Refer: Income taxes paid (refund)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 35<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 14<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_14_f&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in cash and cash equivalents. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestExpenseOnLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest expense on lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 53<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_53_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpenseOnLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherAdjustmentsForNoncashItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for non-cash items to reconcile profit (loss) to net cash flow from (used in) operating activities that the entity does not separately disclose in the same statement or note. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherAdjustmentsForNoncashItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherAdjustmentsToReconcileProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments to reconcile profit (loss) to net cash flow from (used in) operating activities that the entity does not separately disclose in the same statement or note. [Refer: Adjustments to reconcile profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherAdjustmentsToReconcileProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsForShareIssueCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for share issue costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsForShareIssueCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for payment of lease liabilities, classified as financing activities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromGovernmentGrantsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from government grants, classified as financing activities. [Refer: Government [member]; Government grants]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 20<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=20&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromGovernmentGrantsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchases of intangible assets, classified as investing activities. [Refer: Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 16<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_16_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchases of long-term assets that the entity does not separately disclose in the same statement or note, classified as investing activities. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 16<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_16_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchases of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 16<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_16_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to settle borrowings, classified as financing activities. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598988536">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>1 Corporate information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract', window );"><strong>Disclosure of subsidiaries [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory', window );">Corporate information</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>1</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Corporate information</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Afya
Limited (&#8220;Afya&#8221;) and its subsidiaries (collectively, the &#8220;Company&#8221;) is a holding company incorporated under the
laws of the Cayman Islands on March 22, 2019. Afya Limited became the holding company of Afya Participa&#231;&#245;es S.A. (hereafter
referred to as &#8220;Afya Brazil&#8221;), formerly denominated NRE Participa&#231;&#245;es S.A., through the completion of the corporate
reorganization described below.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Until
the contribution of Afya Brazil shares to Afya Limited in July 2019, Afya Limited did not have commenced operations and had only nominal
assets and liabilities and no material contingent liabilities or commitments. Accordingly, Afya Limited&#8217;s consolidated financial
information substantially reflect the operations of Afya Brazil after the corporate reorganization.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company is formed by a network of higher education and post graduate institutions focused on medicine located in 18 Brazilian states
forming the largest educational group by the number of medical seats in the country and by services that comprises the development and
sale of electronically distributed educational courses on medicine science, related printed and technological educational content and
mobile app subscription for digital medical content.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><u>Corporate
reorganization</u></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
March 29, 2019, Afya Brazil merged (i) BR Health Participa&#231;&#245;es S.A. (&#8220;BR Health&#8221;), a wholly-owned subsidiary of
Bozano Educacional II Fundo de Investimento em Participa&#231;&#245;es Multiestrat&#233;gia (&#8220;Crescera&#8221;) that controlled
Guardaya Empreendimentos and Participa&#231;&#245;es S.A. (&#8220;Guardaya&#8221;) and was one of Afya Brazil&#8217;s shareholders; and
(ii) Guardaya which owned 100% of Medcel Editora e Eventos S.A. (&#8220;Medcel Editora&#8221;) and CBB Web Servi&#231;os e Transmiss&#245;es
On Line S.A. (&#8220;CBB Web&#8221;), focused on medical residency preparation courses located in the state of S&#227;o Paulo, resulting
in the transfer to Afya Brazil of 100% of Medcel Editora and CBB Web and 15% of Uni&#227;o Educacional do Planalto Central S.A. (&#8220;UEPC&#8221;),
a medical school located in the Federal District. On June 18, 2019 Afya Brazil acquired an additional 15% interest in UEPC resulting
in an interest of 30%.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On July 7, 2019, each of Afya Brazil&#180;s shareholders had agreed
to contribute their respective shares on Afya Brazil into Afya Limited, exchanging one common share into 28 Class A or Class B common
shares of Afya Limited. The holders of the Class A common shares and Class B common shares have identical rights, except that (i) the
holder of Class B common shares is entitled to 10 votes per share, whereas holders of Class A common shares are entitled to one vote
per share, (ii) Class B common shares have certain conversion rights and (iii) the holders of Class B common shares are entitled to maintain
their proportional ownership interest in the event that common shares and/or preferred shares are proposed to be issued. The holders
of Class A common shares and Class B common shares vote together as a single class on all matters (including the election of directors)
submitted to a vote of shareholders, unless otherwise required by law and subject to certain exceptions.<br style="clear: both" /></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><u>Initial
public offering</u></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
July 18, 2019, Afya Limited priced its initial public offering (&#8220;IPO&#8221;) of 13,744,210 Class A common shares, which began trading
on the Nasdaq Global Select Market (&#8220;NASDAQ&#8221;) on July 19, 2019 under the symbol &#8220;AFYA&#8221;. On July 23, 2019, the
underwriters exercised the option to buy an additional 2,061,631 Class A common shares to cover over-allotments, totaling 15,805,841
Class A common shares, which 13,888,887 Class A common shares were offered by Afya Limited and 1,916,954 Class A common shares were offered
by the selling shareholders at the initial public offering price. The initial offering price was US$ 19.00 per Class A common share.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
July 23, 2019, the share capital of Afya Limited was increased by 13,888,887 Class A shares through the proceeds received as a result
of the IPO of US$ 263,888 thousand (or R$ 992,778). The net proceeds from the IPO were US$ 242,711 thousand (or R$ 913,108), after deducting
US$ 15,833 thousand (or R$ 59,566) in underwriting discounts and commissions and other offering expenses totaled US$ 5,344 thousand (or
R$ 20,104). The share issuance costs totaled R$ 79,670.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Afya
Limited transferred US$ 251,800 thousand (or R$ 961,438) of the net proceeds from the Cayman Islands to bank accounts in Brazil. These
deposits are invested on first-line financial institutions in Brazil and are denominated in Brazilian reais.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); background-color: white"><font style="font: 10pt Times New Roman, Times, Serif"><u>Issuance
of additional common shares</u></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
February 6, 2020, Afya completed its follow-on public offering of 3,019,928 Class A common shares offered by the Company and 9,406,812
Class A common shares offered by the selling shareholders.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
offering price was US$ 27.50 per Class A common shares and gross proceeds of R$ 358,286 (US$ 83,048 thousand). The Company received net
proceeds of R$ 339,648 (US$ 78,846 thousand), after deducting R$ 18,638 (US$ 4,202 thousand) in underwriting discounts, commissions and
other offering expenses.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
March 10, 2020, the underwriters exercised their option to acquire additional 240,552 Class A common shares at the offering price, resulting
in gross proceeds of R$ 30,884 (US$ 6,615 thousand). The net proceeds from the additional shares were R$ 29,819 (US$ 6,387 thousand),
after deducting R$ 1,066 (U$ 228 thousand) in underwriting discounts and commissions.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">Afya
transferred R$ 294,312 (US$ 68,060 thousand) of the net proceeds to bank accounts in Brazil with an increase in the capital of Afya Brazil.
These deposits were invested in first-line financial institutions in Brazil and are denominated in Brazilian reais.<br style="clear: both" />
</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><u>Acquisitions
in 2020</u></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">(i)
On January 31, 2020, Afya Brazil acquired control of Sociedade Universit&#225;ria Redentor S.A. ("UniRedentor"), through the acquisition
of 100% of its shares. UniRedentor is a post-secondary education institution with governmental authorization to offer on-campus, undergraduate
degrees and graduate programs in medicine and health, as well as other courses, in the State of Rio de Janeiro. See Note 5.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">(ii)
On May 5, 2020, Afya Brazil acquired control of Centro Universit&#225;rio S&#227;o Lucas Ltda. (&#8220;UniSL&#8221;), through the acquisition
of 100% of its shares. UniSL is a post-secondary education institution with governmental authorization to offer on-campus, undergraduate
courses in medicine and health, as well as other courses, in the State of Rond&#244;nia. See Note 5.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(iii) On July 20, 2020, Afya Brazil acquired control of PEBMED <i>Institui&#231;&#227;o
de Pesquisa M&#233;dica e Servi&#231;os Tecnol&#243;gicos da &#193;rea da Sa&#250;de S.A.</i> (&#8220;PEBMED&#8221;), through the acquisition
of 100% of its shares. PEBMED offers content and clinical tools for healthcare professionals, including web portals and mobile apps. See
Note 5.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(iv) On November 3, 2020, Afya Brazil acquired 100% of the total share
capital of <i>Faculdade de Ensino Superior da Amaz&#244;nia Reunida</i> (&#8220;FESAR&#8221;). FESAR is a post-secondary education institution
with government authorization to offer on-campus, undergraduate courses in medicine and health, as well as other courses, in the State
of Par&#225;. See Note 5.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(v) On November 4, 2020, Afya Brazil acquired 100% of the total share
capital of MedPhone Tecnologia em Sa&#250;de Ltda. (&#8220;MedPhone&#8221;). MedPhone is a clinical decision and leaflet consultation
app in Brazil, that helps physicians, medical students and other healthcare professionals to make faster and more accurate decisions on
a daily basis. See Note 5.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(vi) On November 9, 2020, Afya Brazil acquired 100% of the total share
capital of <i>Centro Superior de Ci&#234;ncias da Sa&#250;de S/S Ltda.</i> (&#8220;FCMPB&#8221;). FCMPB is a post-secondary education
institution with government authorization to offer on-campus, undergraduate courses in medicine in the State of Para&#237;ba and medical
course represented 99% of its net revenue in 2019. See Note 5.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><u>Other acquisitions</u></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(i) On October 22, 2020, Afya Brazil entered into a purchase agreement
for the acquisition of 100% of the total share capital of <i>Sociedade Padr&#227;o de Educa&#231;&#227;o Superior Ltda.</i>, which
includes UNIFIPMoc and Fip Guanambi (&#8220;SPES&#8221;)<i>.</i> SPES is a post-secondary education institution with government authorization
to offer on-campus, undergraduate courses in medicine in the States of Minas &#160;Gerais and Bahia. The transaction is subject to conditions
precedent before closing, of which had not occurred up to the issuance of these &#160;financial statements. The purchase price is R$360,000,
adjusted by the Net Debt at the closing date, of which: (i) 100% is payable in cash on the transaction closing date.</p>

<p style="font: 10pt Times New Roman,serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(ii) See Note&#160;24 for for further information regarding other
acquisitions&#160;concluded after December 31, 2020.</p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><u>COVID-19</u></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">In
December 2019, a novel strain of coronavirus (COVID-19) was reported to have emerged in Wuhan, China. COVID-19 has since spread to most
of the countries around the globe, including every state in Brazil. On March 11, 2020, the World Health Organization declared the COVID-19
outbreak a pandemic, and on March 20, 2020 the Brazilian federal government declared a national emergency with respect to COVID-19.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Since
March 17, 2020, there has been some interruption of our on-campus activities due to Brazilian government authorities mandatory lockdowns.
We managed to rapidly adapt our business to these unusual times, and although there has been an interruption of our on-campus activities,
we are offering our non-practical educational activities to our students through our online platform (rather than on-site). Regarding
the offering of practical classes, we quickly resumed our in-hospital and health care residency programs for fifth and sixth year students,
which represents the largest portion of our practical curriculum. As of December 31, 2020, we have recorded deferred revenues of R$2,361
in advances from customers in the statement of financial position because some of our practical educational activities (particularly
for students in the first to fourth years) that we provide in our on-campus labs and clinics were suspended and thus a portion of the
net revenue should be deferred to the next year, in accordance with IFRS 15.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">During
2020, the States of Rio de Janeiro, Par&#225;, Tocantins, Piau&#237;, Rondonia, Bahia and Maranh&#227;o had issued state decrees granting
discounts to our students because of COVID-19. As of the date of these financial statements, these mandatory discounts have been suspended
as their constitutionality has been challenged in the superior courts. As long as it has not been declared constitutional, we started
to invoice our students without these discounts and, from March 2021, with the discount granted during 2020. Additionally, we are also
facing individual and collective legal proceedings all across the country, which total R$ 6,545 during 2020 that are still pending on
final legal decisions to be recovered.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">As
we continue to offer non-practical educational activities to our students through our platform and practical activities for fifth and
sixth year students, through the same professors, staff and suppliers, we continue to charge our standard monthly tuitions fees. We are
committed to deliver the best quality service, minimize the impacts of the COVID-19 pandemic on our students, employees and our local
communities. In addition, as of the date of these financial statements, the COVID-19 pandemic has had no significant impact on the payment
default rates of our students. We continue to support our students by providing special payment arrangements. Furthermore, there have
been no significant impacts on our financial performance and position of assets and there have been no significant changes in our financial
condition triggering impairment indicators in these financial statements.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
COVID-19 pandemic is still evolving, and Brazilian authorities may maintain a lockdown of our on-campus activities for a longer or undefined
extended of period of time or impose a more severe lockdown, among other measures, all of which are outside of our control and may materially
adversely affect our business and results of operations including the resumption of on-campus practical classes. We may also suffer labor
shortages, particularly of our teaching faculty, which is mostly comprised of doctors that continue to have work shifts at hospitals
and are consequently more exposed to COVID-19 than non-medical administrative staff. Furthermore, the COVID-19 pandemic is expect to
cause a material and adverse effect on the general economic, financial, political, demographic and business conditions in Brazil, which
may reduce the disposable income of our students and their families, and consequently (i) result in an adverse impact on the ability
of our students (current and/or prospective) to pay our tuition fees and/or (ii) trigger an increase in our attrition rates.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">While
we are aware of the uncertainties created by the COVID-19 pandemic, we remain confident in our strategy, in the financial robustness
of our business and in our contribution of high quality medical professionals who we believe will help our society overcome the COVID-19
pandemic and other future challenges.</font></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for business combinations. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550646904024">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>2 Significant accounting policies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>2</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Significant accounting policies</b></font></td></tr>
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<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>2.1
Basis for preparation of the consolidated financial statements</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company&#8217;s consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS)
as issued by the International Accounting Standards Board (IASB).</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
consolidated financial statements have been prepared on a historical cost basis, except for derivative financial instruments that have
been measured at fair value.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
corporate reorganization described in Note 1, occurred on July 7, 2019, was accounted for as a reorganization of entities under common
control whereby Afya Limited was created as a holding company of Afya Brazil. As a result, the assets and liabilities of Afya Brazil
is carried at historical cost and there was no step-up in basis or goodwill, or other intangible assets recorded as a result of the corporate
reorganization.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">As
a result, the consolidated financial statements prepared by the Company subsequent to the completion of the reorganization are presented
&#8220;as if&#8221; Afya Brazil is the predecessor of the Company. Accordingly, these consolidated financial statements reflect: (i)
the historical operating results of Afya Brazil prior to the reorganization; (ii) the consolidated results of the Company and Afya Brazil
following the reorganization; (iii) the assets and liabilities of Afya Brazil at their historical cost; and (iv) the Company&#8217;s
equity and earnings per share for all periods presented.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Afya
Limited is a holding company, as such the primary source of revenue derives from its interest on the operational companies in Brazil.
As result, the Brazilian Real has been assessed as the Company`s functional currency.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
consolidated financial statements are presented in Brazilian reais (&#8220;BRL&#8221; or &#8220;R$&#8221;), which is the Company&#8217;s
functional and presentation currency. All amounts are rounded to the nearest thousand.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">These
consolidated financial statements as of and for the year ended December 31, 2020 were authorized for issue by the Board of Directors
on April 30, 2021.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>2.2
Basis of consolidation&#160;</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font-weight: normal">The table below
list the Company&#8217;s subsidiaries and associate:</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&#160;</p>

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    <td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
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    <td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
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    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td></tr>
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    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td></tr>
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    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
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    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td></tr>
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    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">80%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">80%</font></td></tr>
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    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Centro de Ci&#234;ncias em Sa&#250;de de Itajub&#225; S.A. (&#8220;CCSI&#8221;)</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Itajub&#225; - MG</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">60%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">60%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">60%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Instituto de Ensino Superior do Piau&#237; S.A. (&#8221;IESP&#8221;) </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Teresina - PI</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">80%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">RD Administra&#231;&#227;o e Participa&#231;&#245;es Ltda. (&#8220;RD&#8221;) ****</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Holding</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Pato Branco - PR</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">FADEP - Faculdade Educacional de Pato Branco Ltda. (&#8220;FADEP&#8221;)</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Pato Branco - PR</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">CBB Web Servi&#231;os e Transmiss&#245;es Online S.A. (&#8220;CBBW&#8221;)***</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Medical education courses and online platform</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">S&#227;o Paulo - SP</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Medcel Editora e Eventos S.A. (&#8220;Medcel&#8221;) </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Medical education content</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">S&#227;o Paulo - SP</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Instituto Educacional Santo Agostinho S.A. (&#8220;FASA&#8221;) </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Montes Claros - MG</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">ESMC Educa&#231;&#227;o Superior Ltda.*</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Montes Claros - MG</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Instituto de Pesquisa e Ensino M&#233;dico do Estado de Minas Gerais Ltda. (&#8220;IPEMED&#8221;) </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Post-graduate</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Belo Horizonte - MG</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Instituto Paraense de Educa&#231;&#227;o e Cultura Ltda (&#8220;IPEC&#8221;) </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Marab&#225; - PA</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Sociedade Universit&#225;ria Redentor S.A. (&#8220;UniRedentor&#8221;) **</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Itaperuna - RJ</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Centro Universit&#225;rio S&#227;o Lucas Ltda. (&#8220;UniSL&#8221;) **</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Porto Velho - RO</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">PEBMED Institui&#231;&#227;o de Pesquisa M&#233;dica e Servi&#231;os Tecnol&#243;gicos da &#193;rea da Sa&#250;de S.A. (&#8220;PEBMED&#8221;)**</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Content and clinical tools and online platform</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Rio de Janeiro &#8211; RJ</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Centro Superior de Ci&#234;ncias da Sa&#250;de S/S Ltda. ("FCMPB")</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Jo&#227;o Pessoa &#8211; PB</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Faculdade de Ensino Superior da Amaz&#244;nia Reunida &#8211; (&#8220;FESAR&#8221;)</font></td>
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<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: #212121"><font style="background-color: white">&#160;</font></p>

<p style="font: 8pt/8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>

<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">*&#160;&#160;&#160;&#160;&#160;&#160;&#160;On
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located in the State of Minas Gerais, which do not offer medicine courses, to ESMC. This spin-off did not have an impact on the consolidated
financial statements.</font></p>

<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>

<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">**&#160;&#160;&#160;&#160;&#160;&#160;&#160;See
Note 5.1 for further details on the business combinations during 2020.</font></p>

<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>

<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">***&#160;&#160;&#160;&#160;&#160;&#160;&#160;CBBW
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<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>

<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">****&#160;&#160;&#160;&#160;&#160;&#160;&#160;RD
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<p style="font: 8pt/8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">The
financial information of the acquired subsidiaries is included in the Company&#8217;s consolidated financial statements beginning on
the respective acquisition dates. </font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company consolidates the financial information for all entities it controls. Control is achieved when the Company is exposed to, or has
rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over
the investee. Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and it ceases when the Company
loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are
included in the consolidated financial statements from the date the Company gains control until the date the Company ceases to control
the subsidiary.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">When
necessary, adjustments are made to the financial statements of subsidiaries in order to bring their accounting policies in line with
the Company&#8217;s accounting policies. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to
transactions are eliminated in full on consolidation.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">A
change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction. If the Company
loses control over a subsidiary, it derecognizes the related assets (including goodwill), liabilities, non-controlling interest and other
components of equity, while any resulting gain or loss is recognized in the statement of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Non-controlling
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statements of income and comprehensive income and consolidated statements of changes in equity.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>2.3
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
note provides a description of the significant accounting policies adopted in the preparation of these consolidated financial statements
in addition to other policies that have been disclosed in other notes to these consolidated financial statements. These policies have
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>a)
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Business
combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration
transferred, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each
business combination, the Company elects whether to measure the non-controlling interests in the acquiree at fair value or at the proportionate
share of the acquiree&#8217;s identifiable net assets. Acquisition-related costs are expensed as incurred and included in general and
administrative expenses.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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in accordance with the contractual terms, economic circumstances and pertinent conditions as of the acquisition date.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Goodwill
is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling
interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). If the fair value of the
net assets acquired is in excess of the aggregate consideration transferred, the Company re-assesses whether it has correctly identified
all of the assets acquired and all of the liabilities assumed and reviews the procedures used to measure the amounts to be recognized
at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration
transferred, then the gain is recognized in the consolidated statement of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">After
initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill
acquired in a business combination is, from the acquisition date, allocated to each of the Company&#8217;s cash-generating units that
are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquire are assigned to those
units.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Where
goodwill has been allocated to a cash-generating unit (CGU) and part of the operation within that unit is disposed of, the goodwill associated
with the disposed operation is included in the carrying amount of the operation when determining the gain or loss on disposal. Goodwill
disposed in these circumstances is measured based on the relative values of the disposed operation and the portion of the cash-generating
unit retained.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>b)
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company presents assets and liabilities in the statement of financial position based on current/non current classification. An asset
is current when it is:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">All
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">A
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Deferred
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the
liability takes place either: (i) in the principal market for the asset or liability; or (ii) in the absence of a principal market, in
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">A
fair value measurement of a non-financial asset takes into account a market participant's ability to generate economic benefits by using
the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best
use.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair
value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">All
assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value
hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
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    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Level 1 &#8212; Quoted (unadjusted) market prices in
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<p style="margin-top: 0; margin-bottom: 0">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
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    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Level 2 &#8212; Valuation techniques for which the
    lowest level input that is significant to the fair value measurement is directly or indirectly observable.</font></td></tr>
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<p style="margin-top: 0; margin-bottom: 0">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
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    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Level 3 &#8212; Valuation techniques for which the
    lowest level input that is significant to the fair value measurement is unobservable.</font></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">For
assets and liabilities that are recognized in the financial statements at fair value on a recurring basis, the Company determines whether
transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant
to the fair value measurement as a whole) at the end of each reporting period.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">At
each reporting date, the Company analyzes the movements in the values of assets and liabilities which are required to be remeasured or
re-assessed as per the Company&#8217;s accounting policies. For this analysis, the Company verifies the major inputs applied in the latest
valuation by agreeing the information in the valuation computation to contracts and other relevant documents.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company also compares the change in the fair value of each asset and liability with relevant external sources to determine whether the
change is reasonable.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">For
the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of the nature, characteristics
and risks of the asset or liability and the level of the fair value hierarchy, as explained above.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>d)
Financial instruments &#8211; initial recognition and measurement</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">A
financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument
of another entity.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-left: 14.2pt; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 14.15pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>i)</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Financial assets</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Initial
recognition and measurement</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">The
classification of financial assets at initial recognition depends on the financial asset&#8217;s contractual cash flow characteristics
and the Company&#8217;s business model for managing them. With the exception of trade receivables that do not contain a significant financing
component or for which the Company has applied the practical expedient, the Company initially measures a financial asset at its fair
value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Trade receivables that do not
contain a significant financing component or for which the Company has applied the practical expedient, are measured at the transaction
price determined under IFRS 15.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">In
order for a financial asset to be classified and measured at amortized cost or fair value through OCI (Other Comprehensive Income), it
needs to give rise to cash flows that are &#8220;solely payments of principal and interest (SPPI)&#8221; on the principal amount outstanding.
This assessment is referred to as the SPPI test and is performed at an instrument level.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">The
Company&#8217;s business model for managing financial assets refers to how it manages its financial assets in order to generate cash
flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets,
or both.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Purchases
or sales of financial assets that require delivery of assets within a time frame established by regulation or convention in the market
place (regular way trades) are recognized on the trade date, i.e., the date that the Company commits to purchase or sell the asset.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Subsequent
measurement</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">For
purposes of subsequent measurement, financial assets are classified as: financial assets at amortized cost or financial assets at fair
value through profit or loss. There is no financial assets designated as fair value through OCI.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Financial
assets at amortized cost</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">The
Company measures financial assets at amortized cost if both of the following conditions are met:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;
The financial asset is held within a business model with the objective to hold financial assets in order to collect contractual cash
flows, and&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;
The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest
on the principal amount outstanding.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
assets at amortized cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and
losses are recognized in the statement of income when the asset is derecognized, modified or impaired.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Financial
assets at fair value through profit or loss</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition
at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified
as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated
embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial
assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit
or loss, irrespective of the business model.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair
value recognized in the statement of income. This category includes derivative instruments.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Derecognition</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">A
financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized
(i.e., removed from the Company&#8217;s statement of financial position) when:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;
The rights to receive cash flows from the asset have expired; or&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;
The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows
in full without material delay to a third party under a &#8216;pass-through&#8217; arrangement; and either (a) the Company has transferred
substantially all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks
and rewards of the asset, but has transferred control of the asset.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">When
the Company has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates
if, and to what extent, it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially
all of the risks and rewards of the asset, nor transferred control of the asset, the Company continues to recognize the transferred asset
to the extent of its continuing involvement. In that case, the Company also recognizes an associated liability. The transferred asset
and the associated liability are measured on a basis that reflects the rights and obligations that the Company has retained.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Continuing
involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of
the asset and the maximum amount of consideration that the Company could be required to repay.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Impairment
of financial assets</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Further
disclosures relating to impairment of financial assets are also provided in the following notes:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;
Significant accounting estimates and assumptions &#8211; Note 3&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;
Trade receivables &#8211; Note 7</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">The
Company recognizes an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss.
ECLs are based on the difference between the contractual cash flows due in accordance with the contract and the cash flows the Company
expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash
flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">For
trade receivables, the Company applies a simplified approach in calculating ECLs. Therefore, the Company does not track changes in credit
risk, but instead recognizes an allowance for credit losses based on lifetime ECLs at each reporting date. The Company has established
a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors
and the economic environment.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">The
Company considers a financial asset to be in default when internal or external information indicates that the Company is unlikely to
receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Company. A financial
asset is written off when there is no reasonable expectation of recovering the contractual cash flows.<br style="clear: both" /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-left: 14.2pt; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 14.15pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>ii)</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Financial liabilities</b></font></td></tr>
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<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Initial
recognition and measurement</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings,
payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">All
financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable
transaction costs.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">The
Company&#8217;s financial liabilities include trade payables, loans and financing and accounts payable to selling shareholders.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Subsequent
measurement</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">The
measurement of financial liabilities depends on their classification, as described below:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Financial
liabilities at fair value through profit or loss</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated
upon initial recognition as at fair value through profit or loss.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term. This category also
includes derivative financial instruments entered into by the Company that are not designated as hedging instruments in hedge relationships
as defined by IFRS 9. Gains or losses on liabilities held for trading are recognized in the statement of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
liabilities designated upon initial recognition at fair value through profit or loss are designated at the initial date of recognition,
and only if the criteria in IFRS 9 are satisfied.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Loans
and borrowings</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">After
initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains and
losses are recognized in the statement of income when the liabilities are derecognized as well as through the EIR amortization process.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Amortized
cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR.
The EIR amortization is included as finance expenses in the statement of income.<br style="clear: both" /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Derecognition</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">A
financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an existing financial
liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability.
The difference in the respective carrying amounts is recognized in the statement of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Offsetting
of financial instruments</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
assets and financial liabilities are offset and the net amount is reported in the statement of financial position if there is a currently
enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, to realize the assets and
settle the liabilities simultaneously.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>e)
Derivative financial instruments</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company has derivative financial instruments related to cross-currency interest rate swaps in connection with a loan denominated in Euros.
Such derivative financial instruments are initially recognized at fair value on the date on which a derivative contract is entered into
and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair value is positive and as financial
liabilities when the fair value is negative.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Any
gains or losses arising from changes in the fair value of derivatives are recorded directly to finance result in the statement of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>f)
Cash and cash equivalents</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Cash
and cash equivalents in the statement of financial position comprise cash at banks and on hand, and short-term financial investments
with an original maturity of three months or less, which are subject to an insignificant risk of changes in value.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">For
the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term financial investments, as they are
considered an integral part of the Company&#8217;s cash management.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>g)
Restricted cash</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Restricted
cash in the statement of financial position comprise of financial investments in investment funds that serve as collateral for loan agreements
and other commitments.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>h)
Inventories</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Inventories
are valued at the lower of cost and net realizable value. The costs of inventories are based on the average cost method and include costs
incurred in the purchase of inventories and other costs incurred in bringing them to their current location and condition. Costs of purchased
inventory are determined after deducting any discounts and recoverable taxes.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>i)
Property and equipment</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Property
and equipment is stated at cost, net of accumulated depreciation and accumulated impairment losses, if any.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Subsequent
expenditures are capitalized only if it is probable that the future economic benefits associated with the expenditure will flow to the
Company.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation
is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="width: 62%; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Building</font></td>
    <td style="width: 38%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">25
    years</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Machinery
    and equipment</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10
    years</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Vehicles</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4
    years</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Furniture
    and fixtures</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10
    years</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">IT
    equipment</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">5
    years</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Library
    books</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10
    years</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Laboratories
    and clinics</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10
    years</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Leasehold
    improvements</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">20
    years</font></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><br style="clear: both" /></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">An
item of property and equipment and any significant part initially recognized is derecognized upon disposal or when no future economic
benefit is expected from its use or disposal. Any gain or loss arising on the derecognition of the asset (calculated as the difference
between the net disposal proceeds and the carrying amount of the asset) is included in the statement of income when the asset is derecognized.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
residual values, useful lives and methods of depreciation of property and equipment are reviewed at each financial year end and adjusted
prospectively, if appropriate.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>j)
Leases</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Prior
to the adoption of IFRS 16, the determination of whether an arrangement is (or contains) a lease was based on the substance of the arrangement
at the inception of the lease. The arrangement is, or contains, a lease if fulfilment of the arrangement is dependent on the use of a
specific asset (or assets) and the arrangement conveys a right to use the asset (or assets), even if that asset is (or those assets are)
not explicitly specified in an arrangement.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">A
lease was classified at the inception date as a finance lease or an operating lease. A lease that transfers substantially all the risks
and rewards incidental to ownership to the Company was classified as a finance lease.<br style="clear: both" /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">An
operating lease is a lease other than a finance lease. The Company did not have leases classified as finance lease. Operating lease payments
were recognized as an operating expense in the statement of income on a straight-line basis over the lease term.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">As
from January 1, 2019, the determination of whether an arrangement is (or contains) a lease is based on the substance of the arrangement
at the inception of the contract. The arrangement is, or contains, a lease if fulfilment of the arrangement is dependent on the use of
a specific asset (or assets) and the arrangement conveys a right to use the asset (or assets), even if that asset is (or those assets
are) not explicitly specified in an arrangement.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">Company
as a lessee</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets.
The Company recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying
assets.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">Right-of-use
assets</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use).
Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement
of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred,
and lease payments made at or before the commencement date less any lease incentives received. Unless the Company is reasonably certain
to obtain ownership of the leased asset at the end of the lease term, the recognized right-of-use assets are depreciated on a straight-line
basis over the shorter of its estimated useful life and the lease term. Right-of use assets are subject to impairment.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">Lease
liabilities</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">At
the commencement date of the lease, the Company recognizes lease liabilities measured at the present value of lease payments to be made
over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable,
variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease
payments also include the exercise price of a purchase option reasonably certain to be exercised by the Company and payments of penalties
for terminating a lease, if the lease term reflects the Company exercising the option to terminate. The variable lease payments that
do not depend on an index or a rate are recognized as expense in the period on which the event or condition that triggers the payment
occurs.<br style="clear: both" /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">In
calculating the present value of lease payments, the Company uses the incremental borrowing rate at the lease commencement date if the
interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased
to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is
remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the
assessment to purchase the underlying asset.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">Short-term
leases and leases of low-value assets</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company applies the short-term lease recognition exemption to its short-term leases of properties (i.e., those leases that have a lease
term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets
recognition exemption to leases that are considered of low value. Lease payments on short-term leases and leases of low-value assets
are recognized as expense on a straight-line basis over the lease term.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>k)
Intangible assets</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Intangible
assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination
is their fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated
amortization and accumulated impairment losses. Internally generated intangibles are not capitalized and the related expenditure is reflected
in the statement of income in the period in which the expenditure is incurred.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
useful lives of intangible assets are assessed as finite or indefinite.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Intangible
assets with finite lives are amortized over the useful economic life and assessed for impairment whenever there is an indication that
the intangible asset may be impaired.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at the end of
each reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied
in the asset are considered to modify the amortization period or method, as appropriate, and are treated as changes in accounting estimates.
The amortization expense on intangible assets with finite lives is recognized in the statement of income in the expense category that
is consistent with the function of the intangible assets.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Intangible
assets with indefinite useful lives are not amortized, but are tested for impairment annually, either individually or at the cash-generating
unit level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable.
If not, the change in useful life from indefinite to finite is made on a prospective basis.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">An
intangible asset is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or
loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount
of the asset) is included in the statement of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>l)
Impairment of non-financial assets</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any indication exists, or
when annual impairment testing for an asset is required, the Company estimates the asset&#8217;s recoverable amount. An asset&#8217;s
recoverable amount is the higher of an asset&#8217;s or CGU&#8217;s fair value less costs of disposal and its value in use. The recoverable
amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from
other assets or groups of assets. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered
impaired and is written down to its recoverable amount.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">In
assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects
current market assessments of the time value of money and the risks specific to the asset. In determining fair value less costs of disposal,
recent market transactions are taken into account. If no such transactions can be identified, an appropriate valuation model is used.
These calculations are corroborated by valuation multiples, quoted share prices for publicly traded companies or other available fair
value indicators.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company bases its impairment calculation on detailed budgets and forecast calculations, which are prepared separately for each of the
Company&#8217;s CGUs to which the individual assets are allocated. These budgets and forecast calculations generally cover a period of
five years, considering the companies activities and maturation period of its graduate and undergraduate courses. A long-term growth
rate is calculated and applied to project future cash flows after the last projected year.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">For
impairment testing, goodwill acquired through business combinations and licenses with indefinite useful lives are allocated to their
respective CGUs. The Company has defined each of its operating subsidiaries as a CGU.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Whenever
applicable, impairment losses of continuing operations are recognized in the statement of income in expense categories consistent with
the function of the impaired asset.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">For
assets excluding goodwill, an assessment is made at each reporting date to determine whether there is an indication that previously recognized
impairment losses no longer exist or have decreased. If such indication exists, the Company estimates the asset&#8217;s or CGU&#8217;s
recoverable amount. A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine
the asset&#8217;s recoverable amount since the last impairment loss was recognized. The reversal is limited so that the carrying amount
of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation,
had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the statement of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Goodwill
is tested for impairment annually as at December 31 and when circumstances indicate that the carrying value may be impaired.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Impairment
is determined for goodwill by assessing the recoverable amount of each CGU (or group of CGUs) to which the goodwill relates. When the
recoverable amount of the CGU is less than its carrying amount, an impairment loss is recognized. Impairment losses relating to goodwill
cannot be reversed in future periods.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Intangible
assets with indefinite useful lives are tested for impairment annually as at December 31 at the CGU level, as appropriate, and when circumstances
indicate that the carrying value may be impaired.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>m)
Investments</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Investments
in associates are initially recognized at consideration transferred and adjusted thereafter for the equity method, being increased or
reduced from its interest in the investee's income after the acquisition date. An associate is an entity over which the Company has significant
influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee, but is
not control or joint control over those policies.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>n)
Accounts payable to selling shareholders</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">These
amounts represent liabilities related to the acquisitions made by the Company which are not yet due. Accounts payable to selling shareholders
are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognized initially
at their fair value and subsequently measured at amortized cost using the effective interest method.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>o)
Provisions</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Provisions
are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the
amount of the obligation. The expense relating to a provision is presented in the statement of income, net of any reimbursement, when
applicable.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>p)
Dividends payable</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company recognizes a liability to pay a dividend when the distribution is authorized and the distribution is no longer at the discretion
of the Company. The distribution is authorized when it is required to pay a minimum dividend of the net income for the year in accordance
with the Brazilian Corporate Law (applicable for Afya Brazil) and the Company&#8217;s By-Laws or is approved by the shareholders. A corresponding
amount is recognized directly in equity.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>q)
Labor and social obligations</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Labor
and social obligations are expensed as the related service is provided. A liability is recognized for the amount expected to be paid
if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee
and the obligation can be estimated reliably.<br style="clear: both" /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>r)
Share-based payments</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Certain
key executives of the Company receive remuneration in the form of share-based payments, whereby the executives render services as consideration
for equity instruments (equity-settled transactions).</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
expense of equity-settled transactions is determined by the fair value at the date when the grant is made using an appropriate valuation
model.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">That
expense is recognized in general and administrative expenses, together with a corresponding increase in equity, over the period in which
the service and, where applicable, the performance conditions are fulfilled (the vesting period). The cumulative expense recognized for
equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired
and the Company&#8217;s best estimate of the number of equity instruments that will ultimately vest. The expense or credit in the statement
of income for a period represents the movement in cumulative expense recognized as at the beginning and end of that period.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Service
and non-market performance conditions are not taken into account when determining the grant date fair value of awards, but the likelihood
of the conditions being met is assessed as part of the Company&#8217;s best estimate of the number of equity instruments that will ultimately
vest. Market performance conditions are reflected within the grant date fair value. Any other conditions attached to an award, but without
an associated service requirement, are considered to be non-vesting conditions. Non-vesting conditions are reflected in the fair value
of an award and lead to an immediate expensing of an award unless there are also service and/or performance conditions.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">No
expense is recognized for awards that do not ultimately vest because non-market performance and/or service conditions have not been met.
Where awards include a market or non-vesting condition, the transactions are treated as vested irrespective of whether the market or
non-vesting condition is satisfied, provided that all other performance and/or service conditions are satisfied.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">When
the terms of an equity-settled award are modified, the minimum expense recognized is the grant date fair value of the unmodified award,
provided the original vesting terms of the award are met. An additional expense, measured as at the date of modification, is recognized
for any modification that increases the total fair value of the share-based payment transaction, or is otherwise beneficial to the employee.
Where an award is cancelled by the entity or by the counterparty, any remaining element of the fair value of the award is expensed immediately
through the statement of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share.<br style="clear: both" /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>s)
Revenue from contracts with customers</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><i>Tuition
fees and other revenue</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company's revenue consists primarily of tuition fees charged for medical courses and other courses. The Company also generates revenue
from tuition fees for other undergraduate courses, student fees, certain education-related activities and digital education content.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Revenues
are recognized when services are rendered to the customer and the performance obligation is satisfied.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Revenue
from tuitions, digital education content and mobile app subscription for digital medical content are recognized over time when services
are rendered to the customer and the Company satisfies its performance obligation under the contract at an amount that reflects the consideration
to which the Company expects to be entitled in exchange for those services. Revenues from tuitions are recognized net of scholarships
and other discounts, refunds and taxes.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Other
revenues are recognized at a point in time when the service is rendered to the customer at an amount that reflects the consideration
to which the Company expects to be entitled in exchange for the service. Other revenues are presented net of the corresponding discounts,
returns and taxes.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><i>Printed
books and e-books revenue are transferred at point in time</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Revenue
from sale of printed books and e-books are recognized at the point in time when control of the asset or services is transferred to the
customer, generally on delivery of the goods at the customer&#8217;s location and permission to access the digital content. The Company
considers whether there are other promises in the contract that are separate performance obligations to which a portion of the transaction
price needs to be allocated. In determining the transaction price for the printed books and e-books, the Company considers the effects
of variable consideration, financing component, noncash consideration, and consideration payable to the customer to be not significant.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company has concluded that it is the principal in its revenue arrangements.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company assesses collectability on a portfolio basis prior to recording revenue. Generally, students cannot re-enroll for the next academic
session without satisfactory resolution of any past-due amounts. If a student withdraws from an institution, the Company's obligation
to issue a refund depends on the refund policy at that institution and the timing of the student's withdrawal. Generally, the refund
obligations are reduced over the course of the academic term.<br style="clear: both" /></font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Trade
receivables </i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Trade
receivables represent the Company&#8217;s right to an amount of consideration that is unconditional (i.e., only the passage of time is
required before payment of the consideration is due). Refer to accounting policies of financial assets in Financial instruments &#8211;
initial recognition and subsequent measurement.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Advances
from customers</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Advances
from customers (a contract liability) are the obligation to transfer services to a customer for which the Company has received consideration
(or an amount of consideration is due) from the customer, as a result of pre-paid tuition, digital education content and mobile app subscription
for digital medical content received from customers and is recognized separately in current liabilities, when the payment is received.
Advances from customers are recognized as revenue when the Company performs all obligations related to the contract, generally in the
following month.</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>t)
Taxes</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">The
Company&#8217;s subsidiaries joined the PROUNI (<i>Programa Universidade para Todos &#8211; </i>University for All Program) program,
which is a federal program that exempts post-secondary institutions of some federal taxes in exchange for providing a certain number
of student enrollment for low income students, and benefits from the exemption of the following federal taxes:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">&#8226;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Income
taxes and social contribution</font><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">&#8226;&#160;&#160;&#160;&#160;&#160;&#160;&#160;PIS
and COFINS</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">The
regulation of PROUNI defines that the revenue from traditional and technological graduation activities is exempt from PIS and COFINS.
For income from other teaching activities, PIS and COFINS are charged at rates of 0.65% and 3.00%, respectively, and for non-teaching
activities, PIS is charged at a rate of 1.65% and to COFINS at 7.6%.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif"><i>Current
income taxes</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">Current
income taxes were calculated based on the criteria established by the Normative Instruction of the Brazilian Internal Revenue Service,
specifically regarding the PROUNI program, which allows exemption of these taxes from traditional and technological graduation activities.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Current
income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax
rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Management
periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject
to interpretation and establishes provisions where appropriate.<br style="clear: both" /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>2.4
Changes in accounting policies and disclosures</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>New
standards, interpretations and amendments adopted by the Company</i></b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Amendments
to IFRS 16 Covid-19 Related Rent Concessions</i></b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
May 28, 2020, the IASB issued Covid-19-Related Rent Concessions - amendment to IFRS 16 Leases. The amendments provide relief to lessees
from applying IFRS 16 guidance on lease modification accounting for rent concessions arising as a direct consequence of the Covid-19
pandemic. As a practical expedient, a lessee may elect not to assess whether a Covid-19 related rent concession from a lessor is a lease
modification. A lessee that makes this election accounts for any change in lease payments resulting from the Covid-19 related rent concession
the same way it would account for the change under IFRS 16, if the change were not a lease modification.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
other new amendments and interpretations were applied for the first time in 2020, but did not have a significant impact on the consolidated
financial statements of the Company.</font></p><span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_SignificantAccountingPoliciesAbstract</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for significant accounting policies applied by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 117<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory</td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550585438248">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>3 Significant accounting estimates and assumptions<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingEstimatesAndAssumptionsExplanatory', window );">Significant accounting estimates and assumptions</a></td>
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    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>3</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Significant accounting estimates and assumptions</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
preparation of the Company&#8217;s consolidated financial statements requires management to make judgments, estimates and assumptions
that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures. Uncertainty about these
assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities
affected in future periods. Accounting estimates and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the circumstances. Revisions to estimates are
recognized prospectively.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Other
disclosures relating to the Company&#8217;s exposure to risks and uncertainties includes:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 21.3pt"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Capital management &#8211; Note 14</font></td></tr>
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    <td style="width: 21.3pt"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Financial instruments risk management objectives and
    policies &#8211; Note 12.4</font></td></tr>
  </table>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 21.3pt"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Sensitivity analyses disclosures &#8211; Note 12.4.1</font></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>Estimates
and assumptions</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
key assumptions about the future and other key sources of estimated uncertainty as of the reporting date that include a significant risk
of a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Company
based its assumptions and estimates on parameters available when the consolidated financial statements were prepared. Existing circumstances
and assumptions about future developments, however, may change due to market changes or circumstances that arise and that are beyond
the Company&#8217;s control. Such changes are reflected in the assumptions where they occur.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Identification
and fair-value measurement of assets and liabilities acquired in a business combination</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Business
combinations are accounted for using the acquisition method. Such method requires recognizing and measuring the identifiable assets acquired,
the liabilities assumed and any non-controlling interest in the acquiree. The Company, as the acquirer, must classify or designate the
identifiable assets and liabilities assumed on the basis of its own contractual terms, economic conditions, operating and accounting
policies and other relevant conditions as at the acquisition date. Such assessment requires judgments from the Company on the methods
used to determine the fair value of the assets acquired and liabilities assumed, including valuation techniques that may require prospective
financial information inputs.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Impairment
of non-financial assets</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Impairment
exists when the carrying value of an asset or cash generating unit (&#8220;CGU&#8221;) or group of CGUs exceeds its recoverable amount,
defined as the higher of its fair value less costs of disposal and its value in use. The fair value less costs of disposal calculation
is based on data available from binding sales transactions, conducted at arm&#8217;s length, for similar assets or observable market
prices less incremental costs of disposing of the asset. The value in use calculation is based on a discounted cash flow model (&#8220;DCF&#8221;
model). The cash flows are derived from the budget for the next five years and do not include restructuring activities to which the Company
has not yet committed or significant future investments that will enhance the performance of the assets of the CGU being tested. The
recoverable amount is sensitive to the discount rate used for the DCF model as well as to expected future cash-inflows and the growth
rate used for extrapolation purposes.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">These
estimates are most relevant to goodwill and indefinite lived intangible assets recognized by the Company. The key assumptions used to
determine the recoverable amount for each CGU, including a sensitivity analysis, are disclosed and further explained in Note 11.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Share-based
compensation</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Estimating
fair value for share-based payment transactions requires determination of the most appropriate valuation model, which depends on the
terms and conditions of the grant. This estimate also requires determination of the most appropriate inputs to the valuation model including
the expected life of the share option or appreciation right, volatility and dividend yield and making assumptions about them. For the
measurement of the fair value of equity-settled transactions, the Company uses the Binomial model. As disclosed in Note 15 (b) the Company
had stock plans that were fully exercised on July 31, 2019, for which the Monte Carlo and Black &#38; Scholes pricing model were used
for the Afya Brazil and Guardaya plans, respectively. The assumptions and models used for estimating fair value for share-based payment
transactions are disclosed in Note 15 (b).</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Leases
- Estimating the incremental borrowing rate</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company cannot readily determine the interest rate implicit in the lease, therefore, it uses its incremental borrowing rate (IBR) to
measure lease liabilities. The IBR is the rate of interest that the Company would have to pay to borrow over a similar term, and with
a similar security, the funds necessary to obtain an asset of&#160; a similar value to the right-of-use asset in a similar economic environment.
The IBR therefore reflects what the Company &#8216;would have to pay&#8217;, which requires estimation when no observable rates are available
(such as for subsidiaries that do not enter into financing transactions) or when they need to be adjusted to reflect the terms and conditions
of the lease (for example, when leases are not in the subsidiary&#8217;s functional currency).<br />
<br /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company estimates the IBR using observable inputs (such as market interest rates) when available and is required to make certain entity-specific
estimates.</font></p><span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of significant accounting estimates and assumptions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587810456">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>4 Segment information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsAbstract', window );"><strong>Disclosure of operating segments [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory', window );">Segment information</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>4</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Segment information</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">As
a result of the corporate reorganization described in Note&#160;1 which occurred on March&#160;29, 2019, the Company has two reportable
segments, as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; background-color: white; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 18pt"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Education Services Segment (Business Unit 1), which
    provides educational services through undergraduate and graduate courses related to medicine, other health sciences and other undergraduate
    programs; and</font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; background-color: white; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 18pt"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Digital Content, Residency Preparatory and Specialization
    Programs Segment (Business Unit 2), which provides digital and printed medical content services, including online courses for residency
    preparatory, medical and other than medical post-graduate specialization programs and mobile app subscription for digital medical
    content.</font></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">No
operating segments have been aggregated to form the above reportable operating segments. There is only one geographic region and the
results are monitored and evaluated as a single business.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">Segment
information is presented consistently with the internal reports provided to the Company's Chief Executive Officer (CEO), which is the
Chief Operating Decision Maker (CODM) and is responsible for allocating resources, assessing the performance of the Company's operating
segments, and making the Company's strategic decisions.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
following table presents assets and liabilities information for the Company's operating segments as of December 31, 2020:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 29%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
    Unit 1</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
    reportable segments</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Elimination
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
  <tr>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Total
    assets</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>4,541,988</b></font></td>
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  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Current
    assets</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,280,342</font></td>
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  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Non-current
    assets</font></td>
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    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">125,946</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">3,387,592</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;3,387,592
    </font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
    liabilities and equity</b></font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>4,541,988
    </b></font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>251,220
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>4,793,208
    </b></font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;(115)</b></font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;4,793,093
    </b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;Current
    liabilities</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;522,522
    </font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;66,972
    </font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;589,494
    </font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;(115)</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;589,379
    </font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;Non-current
    liabilities</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;1,261,894
    </font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;108,040
    </font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;1,369,934
    </font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;1,369,934
    </font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Equity</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;2,757,572
    </font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;76,208
    </font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;2,833,780</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;2,833,780</font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 31%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
    Unit 1</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 11%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
    Unit 2</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
    reportable segments</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Elimination
    (inter-segment transactions)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Other
    disclosures</b></font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Investments
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">51,410</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">51,410</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">51,410</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Capital
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<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">(*)
Capital expenditures consider the acquisitions of property and equipment and intangible assets.</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table presents statements of income for the Company's
operating segments for the year ended December 31, 2020:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)">
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  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white">
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  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif"><b>Gross profit</b></font></td>
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  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">General and administrative expenses</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
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  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Other expenses, net</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(347)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif"><b>Operating profit</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Finance income</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">62,290</font></td></tr>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
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  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Share of income of associate</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">&#160;&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">The following table presents assets and liabilities information for the Company's operating
segments as of December 31, 2019:</p>


<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 15%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
  <tr style="vertical-align: bottom">
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    of December 31, 2019</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
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    assets</b></font></td>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(993)</b></font></td>
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  <tr style="vertical-align: bottom; background-color: white">
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  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,800,688</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;1,800,688
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  <tr style="vertical-align: bottom; background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
    liabilities and equity</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,714,161</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>199,285</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;<b>2,913,446</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(993)</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;<b>2,912,453</b></font></td></tr>
  <tr style="vertical-align: bottom; background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;Current
    liabilities</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;312,303
    </font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">21,919</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;334,222
    </font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(993)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;333,229
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  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;Non-current
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;360,005
    </font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">105,493</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;465,498
    </font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;465,498
    </font></td></tr>
  <tr style="vertical-align: bottom; background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Equity</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;2,041,853
    </font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">71,873</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;2,113,726
    </font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;2,113,726
    </font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 35%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Unit
    1</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 10%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Unit
    2</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 18%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
    reportable segments</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Elimination
    (inter-segment transactions)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 8%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
  <tr>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2019</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Other
    disclosures</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Investments
    in associate</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">45,634</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">45,634</font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">45,634</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Capital
    expenditures (*)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">167,427</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">8,282</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">175,709</font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">175,709</font></td></tr>
  </table>
<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">(*)
Capital expenditures consider the acquisitions of property and equipment and intangible assets, including the acquisition of IPEC licenses
in the amount of R$ 108,000 (R$ 54,000 paid and included in the acquisition of intangible assets in the cash flows used in investing
activities) as described in Note&#160;11.</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
following table presents statements of income for the Company's operating segments for the year ended December 31, 2019:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 40%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 10%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Unit
    1</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Unit
    2</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 11%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
    reportable segments</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Adjustments
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b>&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">External
    costumer</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">653,760</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;96,870
    </font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;750,630
    </font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">750,630</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Inter-segment</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">3,880</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">3,880</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(3,880)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net
    revenue</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>653,760</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>100,750</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>754,510</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(3,880)</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>750,630</b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Cost
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(279,066)</font></td>
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif; background-color: white">(*)
These eliminations are related to sale transactions from Medcel to other entities in Business Unit 1.</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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<p style="font: bold 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Business
Unit 1's tuition revenues do not have significant fluctuations during the year.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Business
Unit 2's sales are concentrated in the first and last quarter of the year, as a result of enrollments at the beginning of the year. The
majority of Business Unit 2's revenues is derived from printed books and e-books, which are recognized at the point in time when control
is transferred to the customer. Consequently, Business Unit 2 generally has higher revenues and results of operations in the first and
last quarter of the year compared to the second and third quarters of the year.</font></p><span></span>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>5 Business combinations<br></strong></div></th>
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<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
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<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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<p style="font: 11pt/10.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,119</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,236</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">60</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Trade
    receivables </font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,800</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">21,567</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">7,984</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">8,148</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Inventories</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">467</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Recoverable
    taxes</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">822</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Other
    assets</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,486</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">7,251</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">161</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">42</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">123</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">9</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Indemnification
    assets</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">710</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">12,645</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">12,350</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">6,871</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Right-of-use
    assets</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10,265</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">42,062</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">865</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">23,663</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Property
    and equipment</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,207</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">19,144</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">391</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">23,176</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">962</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Intangible
    assets</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">142,399</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">314,097</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">60,372</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">167,106</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">264,782</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3,727</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>176,666</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>421,300</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>83,242</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>201,431</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>297,778</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3,796</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Liabilities</b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Trade
    payables</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(746)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(3,554)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(9,024)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(143)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(173)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Loans
    and financing</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(16,187)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(58,541)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,087)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Lease
    liabilities</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(10,265)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(42,062)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(865)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(23,663)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Labor
    and social obligations</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,471)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(8,070)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,786)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,801)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(3,832)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Taxes
    payable </font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(850)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(5,779)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,210)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(29)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(5)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Provision
    for legal proceedings</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(710)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(12,645)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(12,350)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(6,871)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Advances
    from customers</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(10,994)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(6,084)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(9,312)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(759)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,781)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Notes
    payable</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(80,526)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Other
    liabilities</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(14,754)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(228)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(44,223)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(232,015)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(34,547)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(10,690)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(29,454)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(230)</b></font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
    identifiable net assets at fair value</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>132,443</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>189,285</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>48,695</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>190,741</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>268,324</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3,566</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(13,14,0)">Preliminary
    goodwill arising on acquisition</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">77,662</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,420</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">84,175</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">71,664</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">110,483</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,843</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Purchase
    consideration transferred</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>210,105</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>193,705</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>132,870</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>262,405</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>378,807</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>6,409</b></font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Cash
    paid</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">114,607</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">141,065</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">115,339</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">260,836</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">189,913</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">6,373</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Payable
    in installments</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">95,498</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">52,640</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,569</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">188,894</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">36</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Paid
    in Afya Brazil&#8217;s shares</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">17,531</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Analysis
    of cash flows on acquisition:</i></b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Transaction
    costs (included in cash flows from operating activities)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,380)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,666)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(613)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,047)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(721)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(158)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Cash
    paid, net of cash acquired with the subsidiary (included in cash flows from investing activities) </font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(102,811)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(137,820)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(114,220)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(256,600)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(189,813)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(6,313)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 7.1pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net
    of cash flow on acquisition </b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(104,191)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(139,486)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(114,833)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(258,647)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(190,534)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(6,471)</b></font></td></tr>
  </table>
<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif">*During
the measurement period, the preliminary goodwill for the acquisition of UniRedentor was adjusted to R$77,662 (R$90,282 initial goodwill)
as a result of an increase of intangible assets from R$134,281 to R$142,399 and a purchase price consideration adjustment of R$ 4,503.</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">**During
the measurement period, the preliminary goodwill for the acquisition of UniSL was adjusted to R$4,422 (R$53,192 previously disclosed)
as a result of (i) a purchase consideration decrease of R$7,816 and (ii) adjustments increasing intangible assets of R$ 40,961 and a
decrease in property and equipment of R$7.</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif"><b>(a)
Acquisition of UniRedentor</b></font></p>

<p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">On
January 31, 2020, Afya Brazil acquired 100% of the share capital of UniRedentor. The original purchase price of R$214,608, was adjusted
by R$4,503 and was comprised by: i) R$114,607 paid in cash on the acquisition date; and ii) R$100,000 is payable in five equal installments
from January 2021 to July 2024, adjusted by the CDI rate. The purchase consideration adjustment of R$4,503 will be deducted from the
first installment due in January 2021.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">UniRedentor
is a post-secondary education institution with governmental authorization to offer on-campus, undergraduate degrees and graduate
programs in medicine and health, as well as other courses, in the State of Rio de Janeiro. The acquisition will contributed with 112
medical school seats, with a potential 44 additional medical school seats subject to the approval by MEC and is in line with the
Company&#8217;s strategy to focus on medical education, including medical school.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
acquisition of UniRedentor was accounted for under IFRS 3 &#8211; Business Combinations.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">Transaction
costs to date amount to R$1,380 and were expensed and are included in general and administrative expenses in the consolidated statement
of income.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">At
the acquisition date, the fair value of the trade receivables acquired equals its carrying amount. Afya Brazil measured the acquired
lease liabilities using the present value of the remaining lease payments at the date of acquisition. The right-of-use assets were measured
at an amount equal to the lease liabilities and adjusted to reflect the unfavorable terms of the lease relative to market terms.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized. Goodwill
is allocated entirely to Business Unit 1 segment. The preliminary goodwill recognized is not expected to be deductible for income taxes
purposes.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
Company has not yet finalized the valuation of all identifiable assets acquired and liabilities assumed in the business combination of
UniRedentor and therefore some of these amounts are preliminary. These amounts may be adjusted when the valuations are finalized.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt; border-image: none"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Licenses</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>With-and-without
                                            method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two
    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earnings method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows
    related to contributory assets.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  </table>
<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">From the date of acquisition, this business combination
has contributed R$ 10,509 of net revenue and R$ 3,570 of income before income taxes to the Company. FCMPB was constituted through a spin-off
recently in August, 2020 and there is no information before this period to be presented.</font></p>
<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif"><b>(b)
Acquisition of UniSL</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt/11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">On May 5, 2020, Afya Brazil acquired 100% of
the total share capital of UniSL. UniSL is a post-secondary education institution with governmental authorization to offer on-campus,
undergraduate courses in medicine and health, as well as other courses, in the State of Rond&#244;nia. UniSL also offers other medical
related undergraduate degrees. The original purchase consideration of R$201,521 was adjusted by R$7,816, of which: (i) 70% is payable
in cash on the transaction closing date, and (ii) 30% is payable in cash in three equal installments through 2023, adjusted by the CDI
rate. The purchase consideration adjustment of R$7,816 will be deducted from the first installment due in May 2021.</p>

<p style="font: 10pt/11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&#160;</p>

<p style="font: 10pt/11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">The acquisition contributed with 182 medical
school seats. There are 100 additional seats still pending approval which, if approved by MEC, will result in a potential additional
payment of up to R$80,000, adjusted by the CDI rate. Such potential additional payment has not been recognized as the approval of additional
seats have not yet occurred and is contingent.</p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
acquisition of UniSL was accounted for under IFRS 3 &#8211; Business Combinations.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">Transaction
costs to date amount to R$1,666 and were expensed and are included in general and administrative expenses in the consolidated statement
of income.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">At
the acquisition date, the fair value of the trade receivables acquired equals its carrying amount. Afya Brazil measured the acquired
lease liabilities using the present value of the remaining lease payments at the date of acquisition. The right-of-use assets were measured
at an amount equal to the lease liabilities and adjusted to reflect the unfavorable terms of the lease relative to market terms.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized. Goodwill
is allocated entirely to Business Unit 1 segment. The preliminary goodwill recognized is not expected to be deductible for income taxes
purposes.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
Company has not yet finalized the valuation of all identifiable assets acquired and liabilities assumed in the business combination of
UniSL and therefore some of these amounts are preliminary. These amounts may be adjusted when the valuations are finalized.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Licenses</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>With-and-without
                                            method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two
    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earnings method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows
    related to contributory assets.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">From
the date of acquisition, UniSL has contributed R$ 113,894 of net revenue and R$ 30,648 to the income before income taxes to the Company.
If the acquisition had taken place at the beginning of the period, net revenue for 2020 would have been increased by R$ 57,477 and income
before income taxes for 2020 would have been increased by R$ 9,455.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif"><b>(c)
Acquisition of PEBMED</b></font></p>

<p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">On
July 20, 2020, Afya Brazil acquired 100% of the share capital of PEBMED. The original purchase price of R$ 132,900 was adjusted by R$
30 and was comprised by: i) R$115,339 paid in cash on the acquisition date; and ii) R$ 17,531 was paid with Afya Brazil&#8217;s shares
which were afterwards contributed to the Company in exchange of issuance of 141,976 of its own shares.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">PEBMED
offers content and clinical tools for healthcare professionals, including web portals and mobile apps With the integration of PEBMED
into our platform,&#160;Afya&#160;will continue to expand offerings for the medical professionals now focusing in the interaction with
the patient.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
acquisition of PEBMED was accounted for under IFRS 3 &#8211; Business Combinations.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">Transaction
costs to date amount to R$ 613 and were expensed and are included in general and administrative expenses in the consolidated statement
of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">At
the acquisition date, the fair value of the trade receivables acquired equals its carrying amount. Afya Brazil measured the acquired
lease liabilities using the present value of the remaining lease payments at the date of acquisition. The right-of-use assets were measured
at an amount equal to the lease liabilities and adjusted to reflect the unfavorable terms of the lease relative to market terms.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
preliminary goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized.
Goodwill is allocated entirely to Business Unit 2 segment. The preliminary goodwill recognized is not expected to be deductible for income
taxes purposes.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
Company has not yet finalized the valuation of all identifiable assets acquired and liabilities assumed in the business combination of
PEBMED and therefore some of these amounts are preliminary. These amounts may be adjusted when the valuations are finalized.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Trademark</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Relief
                                            from royalty</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by
    the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the
    appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earnings method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows
    related to contributory assets.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Developed
    technology intangible assets</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Replacement
                                            cost </b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
    methodology is based on the estimated cost of replacing the referred asset with a new one (acquisition or reconstruction), adjusted
    to reflect the losses in value resulting from the physical deterioration and the functional and economic obsolescence of that asset.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">From
the date of acquisition, this business combination has contributed R$ 17,535 of net revenue and R$ 3,413 of income before income taxes
to the Company. Should the acquisition had taken place at the beginning of the period, net revenue for 2020 would have been increased
by R$ 17,452 and income before income taxes for 2020 would have been decreased by R$ 1,813.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif"><b>(d)
Acquisition of FESAR</b></font></p>

<p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
November 3, 2020, Afya Brazil acquired 100% of the share capital of FESAR. The aggregate purchase price was R$260,836, including the
CDI rate adjustment from the signing date and the real state of the operation, estimated at R$ 17,397, of which 100% was paid in cash
on the closing of the operation. The purchase consideration was adjusted by R$1,569 and was paid on February 25, 2021.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">FESAR
is a post-secondary education institution with government authorization to offer on-campus, undergraduate courses in medicine and health,
as well as other courses, in the State of Par&#225; and medical course represents 70% of its 2019&#8217;s net revenue. The acquisition
will contributed with 120 medical school seats.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
acquisition of FESAR was accounted for under IFRS 3 &#8211; Business Combinations.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Transaction
costs to date amount to R$2,047 and were expensed and are included in general and administrative expenses in the consolidated statement
of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">At
the acquisition date, the fair value of the trade receivables acquired equals its carrying amount.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
preliminary goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized.
Goodwill is allocated entirely to Business Unit 1 segment. The preliminary goodwill recognized is not expected to be deductible for income
taxes purposes.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company has not yet finalized the valuation of all identifiable assets acquired and liabilities assumed in the business combination of
FESAR and therefore some of these amounts are preliminary. These amounts may be adjusted when the valuations are finalized.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
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                                            method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two
    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
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    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earnings method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows
    related to contributory assets.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">From
the date of acquisition, this business combination has contributed R$ 6,280 of net revenue and R$ 3,751 of income before income taxes
to the Company. Should the acquisition had taken place at the beginning of the period, net revenue for 2020 would have been increased
by R$ 29,113 and income before income taxes for 2020 would have been increased by R$ 14,918.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>(e)
Acquisition of MedPhone</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
November 4, 2020, Afya Brazil acquired 100% of the share capital of MedPhone. The net purchase price was R$6,373 of which 100% was paid
in cash on the closing of the operation. The purchase price was adjusted to R$6,409, this price adjustment of R$ 36 was paid on February
2, 2021.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">MedPhone
is a clinical decision and leaflet consultation app in Brazil, that helps physicians, medical students and other healthcare professionals
to make faster and more accurate decisions on a daily basis.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
acquisition of MedPhone was accounted for under IFRS 3 &#8211; Business Combinations.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Transaction
costs to date amount to R$158 and were expensed and are included in general and administrative expenses in the consolidated statement
of income.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">There
are no trade receivables, right of use assets or lease liabilities associated with the acquisition of MedPhone.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
preliminary goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized.
Goodwill is allocated entirely to Business Unit 2 segment. The preliminary goodwill recognized is not expected to be deductible for income
taxes purposes.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company has not yet finalized the valuation of all identifiable assets acquired and liabilities assumed in the business combination of
MedPhone and therefore some of these amounts are preliminary. These amounts may be adjusted when the valuations are finalized.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Trademark</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Relief
                                            from royalty</b></font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by
    the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the
    appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earnings method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows
    related to contributory assets.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Developed
    technology intangible assets</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Replacement
                                            cost </b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
    methodology is based on the estimated cost of replacing the referred asset with a new one (acquisition or reconstruction), adjusted
    to reflect the losses in value resulting from the physical deterioration and the functional and economic obsolescence of that asset.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">From
the date of acquisition, this business combination has contributed R$ 49 of net revenue and R$ 57 of loss before income taxes to the
Company. Should the acquisition had taken place at the beginning of the period, net revenue for 2020 would have been increased by R$
142 and income before income taxes for 2020 would have been decreased by R$ 46.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif"><b>(f)
Acquisition of FCMPB</b></font></p>

<p style="font: 11pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
November 9, 2020, Afya Brazil acquired 100% of the share capital of FCMPB. The total net purchase price of R$379,913 was adjusted to
Rincreased by R$ 142 and income before income taxes for 2020 would have been decreased by R$ 46.$378,807 and is comprised of (i) R$189,913
paid in cash on the transaction closing date, and (ii) R$188,894 is payable in cash in four equal installments through 2024, adjusted
by the CDI rate.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">FCMPB
is a post-secondary education institution with government authorization to offer on-campus, undergraduate courses in medicine in the
State of Para&#237;ba and medical course represents 99% of its 2019&#8217;s net revenue.The acquisition will contributed with 157 medical
school seats</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
acquisition of FCMPB was accounted for under IFRS 3 &#8211; Business Combinations.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Transaction
costs to date amount to R$721 and were expensed and are included in general and administrative expenses in the consolidated statement
of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">At
the acquisition date, the fair value of the trade receivables acquired equals its carrying amount. Afya Brazil measured the acquired
lease liabilities using the present value of the remaining lease payments at the date of acquisition. The right-of-use assets were measured
at an amount equal to the lease liabilities and adjusted to reflect the unfavorable terms of the lease relative to market terms.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
preliminary goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized.
Goodwill is allocated entirely to Business Unit 1 segment. The preliminary goodwill recognized is not expected to be deductible for income
taxes purposes.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company has not yet finalized the valuation of all identifiable assets acquired and liabilities assumed in the business combination of
FCMPB and therefore some of these amounts are preliminary. These amounts may be adjusted when the valuations are finalized.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Intangible
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    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Licenses</b></font></td>
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    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
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    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
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    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Customer
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    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
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    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">From
the date of acquisition, this business combination has contributed R$ 10.509 of net revenue and R$ 3.570 of income before income taxes
to the Company. FCMPB was constituted through a spin-off recently in August, 2020 and there is no information before this period to be
presented.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>5.2
Acquisitions in 2019</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="font-size: 14pt; width: 52%; vertical-align: top; font-weight: bold; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 14pt; width: 15%; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Guardaya</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 14pt; width: 18%; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>FASA*</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 14pt; width: 15%; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>IPEMED**</b></font></td></tr>
  <tr>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Assets</b></font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Cash
    and cash and equivalents</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">1,548</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">3,834</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">307</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Restrict
    cash</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">5,561</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Trade
    receivables</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">44,277</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">1,832</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">8,965</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Inventories</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">2,581</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Recoverable
    taxes</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">280</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Other
    assets</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">489</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">458</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">3,266</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Right-of-use
    assets </font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">4,556</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">47,789</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">8,800</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Property
    and equipment</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">1,594</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">22,946</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">3,676</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Investment
    in associate</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">24,458</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Intangible
    assets</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">59,977</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">171,511</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">33,039</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">139,760</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">253,931</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">58,053</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Liabilities</b></font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Trade
    payables</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(454)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(1,133)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(4,908)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Loans
    and financing</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(4,076)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(35,419)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(3,592)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Lease
    liabilities</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(4,607)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(47,793)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(8,965)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Labor
    and social obligations</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(1,844)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(5,254)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(1,575)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Taxes
    payable</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(3,571)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(483)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(26,503)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Provision
    for legal proceedings</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(680)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(1,684)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(2,008)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Advances
    from customers</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(3,192)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(607)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Other
    liabilities</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(4,709)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(460)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(19,941)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(95,418)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(48,158)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
    identifiable net assets at fair value</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>119,819</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>158,513</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>9,895</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Non-controlling
    interest</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(15,851)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Goodwill arising on acquisition</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">139,294</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">58,903</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">87,647</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Purchase
    consideration transferred</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>259,113</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>201,565</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>97,542</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Cash
    paid</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">102,330</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">52,239</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Capital
    contribution</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">259,113</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Payable
    in installments</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">99,235</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">45,303</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: bold 9pt/10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Analysis
                                            of cash flows on acquisition:</i></b></font></p>
    <p style="font: bold 9pt/10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></p></td>
    <td style="font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 7.1pt; line-height: 10pt; padding-right: 5.4pt; text-indent: -7.1pt"><font style="font: normal 10pt Times New Roman, Times, Serif">Transaction
    costs (included in cash flows from operating activities) </font></td>
    <td style="font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(482)</font></td>
    <td style="font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(1,887)</font></td>
    <td style="font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(180)</font></td></tr>
  <tr style="background-color: white">
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 7.1pt; line-height: 10pt; padding-right: 5.4pt; text-indent: -7.1pt"><font style="font: normal 10pt Times New Roman, Times, Serif">Cash
    paid net of cash acquired with the subsidiary (included in cash flows from investing activities)</font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">1,548</font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(98,496)</font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(51,932)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 7.1pt; line-height: 10pt; padding-right: 5.4pt; text-indent: -7.1pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net
    of cash flow on acquisition</b></font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,066</b></font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>(100,383)</b></font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; vertical-align: bottom; font-weight: bold; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>(52,112)</b></font></td></tr>
  </table>
<p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">*During
the measurement period, the purchase consideration for the acquisition of FASA was adjusted by R$3,022 as a result of purchase price
adjustments. Accordingly, goodwill was updated to R$58,903.</font></p>

<p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">**
During the measurement period of the assets acquired and liabilities assumed at the fair value, the Company has identified R$1,320 of
indemnification assets, related to the acquisition of IPEMED.</font></p>

<p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>(a)
Acquisition of Guardaya</b></font></p>

<p style="font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">In
connection with the corporate reorganization, on March 29, 2019, Afya Brazil merged (i) BR Health, a wholly-owned subsidiary of Crescera
that controls Guardaya and is one of Afya Brazil's shareholders; and (ii) Guardaya which owns 100% of Medcel Editora and CBB Web, resulting
in the transfer to Afya Brazil of 100% of Medcel Editora and CBB Web shares. In connection with the transaction 15% of UEPC's shares
were acquired. Afya Brazil issued 378,696 common shares as a consideration for the interest in BR Health and Guardaya. The fair value
of the consideration given was R$ 259,113. This transaction was strategic to the Company and was accounted for under IFRS 3 &#8211; Business
Combinations.</font></p>

<p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Transaction
costs to date amount to R$ 482 and were expensed and are included in general and administrative expenses in the consolidated statement
of income.</font></p>

<p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
goodwill recognized is primarily attributed to the expected synergies and other benefits arising from the transaction. The goodwill is
not expected to be deductible for income tax purposes.</font></p>

<p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">At
the acquisition date, the fair value of the trade receivables acquired equals its carrying amount. Afya Brazil measured the acquired
lease liabilities using the present value of the remaining lease payments at the date of acquisition. The right-of-use assets were measured
at an amount equal to the lease liabilities and adjusted to reflect the unfavorable terms of the lease relative to market terms.</font></p>

<p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; background-color: white; font-size-adjust: none; font-stretch: normal; border-image: none; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border: black 1pt solid; white-space: nowrap; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border: black 1pt solid; text-align: center; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr>
    <td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Trademark</b></font></td>
    <td style="border: black 1pt solid; vertical-align: bottom; border-image: none"><p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Relief-from-royalty</b></font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by
    the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the
    appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr>
    <td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-bottom: 5pt; padding-top: 12pt; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border: black 1pt solid; vertical-align: bottom; border-image: none"><p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earning method</b></font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows
    related to contributory assets.</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr>
    <td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-bottom: 5pt; padding-top: 12pt; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Educational
    content</b></font></td>
    <td style="border: black 1pt solid; vertical-align: bottom; border-image: none"><p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Replacement
                                            cost</b></font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
    methodology is based on the estimate of the cost of replacing the asset with a new one (acquisition or reconstruction), adjusted
    to reflect the losses of value resulting from the physical deterioration and the economic functional obsolescence of the asset.</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">This
business combination contributed R$ 40,554 of net revenue and R$ 5,786 of income before income taxes to the Company in 2019. If the acquisition
had taken place at the beginning of the period, net revenue for 2019 would have been R$ 75,238 and income before income taxes for 2019
would have been R$ 21,924.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>(b)
Acquisition of FASA</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">On
April&#160;3, 2019, Afya Brazil acquired control of FASA, through the acquisition of 90% of its shares. The purchase price of R$ 201,565
is comprised by: i) R$ 102,330 paid in cash on the acquisition date; ii)&#160;R$ 39,695 payable in April 2020; iii)&#160;R$&#160;29,770
payable in April 2021; and iv)&#160;R$&#160;29,770 payable in April 2022, adjusted by the IPCA rate&#160;+&#160;4.1% per year. This transaction
was strategic to the Company and was accounted for under IFRS 3 &#8211; Business Combinations. There is no contingent consideration
associated with the acquisition of FASA.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">Transaction
costs to date amount to R$ 1,887 and were expensed and are included in general and administrative expenses in the consolidated statement
of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">At
the acquisition date, the fair value of the trade receivables acquired equals its carrying amount. The Company measured the acquired
lease liabilities using the present value of the remaining lease payments at the date of acquisition. The right-of-use assets were measured
at an amount equal to the lease liabilities and adjusted to reflect the unfavorable terms of the lease relative to market terms.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized. None of
the goodwill recognized is expected to be deductible for income taxes purposes.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; background-color: white; font-size-adjust: none; font-stretch: normal; border-image: none; width: 100%">
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    <td style="border: black 1pt solid; text-align: center; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Valuation
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  <tr>
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    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
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    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
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    related to contributory assets.</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">FASA
contributed R$ 69,996 of net revenue and R$ 16,501 of income before income taxes to the Company in 2019. If the acquisition had taken
place at the beginning of the period, net revenue for 2019 would have been R$ 90,063 and income before income taxes for 2019 would have
been R$ 16,872.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>

<p style="font: bold 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>(c)
Acquisition of IPEMED</b></font></p>

<p style="font: bold 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">On
May&#160;9, 2019, Afya Brazil acquired control of IPEMED, through the acquisition of 100% of its shares. IPEMED is a post-secondary education
institution with campuses located in the states of Bahia, Minas Gerais, Rio de Janeiro, S&#227;o Paulo and in the Distrito Federal. It
focuses on medical graduate programs. The purchase price was R$ 97,542, being: i)&#160;R$ 25,000 paid in cash as advance through April
2019; ii)&#160;R$ 27,239 paid in cash on the acquisition date; iii)&#160;R$45,303 payable in five annual installments due from February
2020 to February 2024 adjusted by the Interbank Certificates of Deposit ("CDI") rate. This transaction was strategic to the Company and
was accounted for under IFRS 3 &#8211; Business Combinations. There are no contingent consideration associated with the acquisition of
IPEMED.</font></p>

<p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">Transaction
costs to date amount to R$ 180 and were expensed and are included in general and administrative expenses in the consolidated statement
of income.</font></p>

<p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
acquisition was completed recently and the valuation of property and equipment will be finalized at a later date, and the final allocation
of the purchase price is dependent on a number of factors, including the final evaluation of the fair values of tangible and intangible
assets acquired and liabilities assumed as of the closing date of the transaction.</font></p>

<p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">At
the acquisition date, the fair value of the trade receivables acquired equals its carrying amount. The Company measured the acquired
lease liabilities using the present value of the remaining lease payments at the date of acquisition. The right-of- use assets were measured
at an amount equal to the lease liabilities and adjusted to reflect the unfavorable terms of the lease relative to market terms.</font></p>

<p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
goodwill recognized includes the value of expected synergies arising from the acquisition, which is not separately recognized. None of
the goodwill recognized is expected to be deductible for income taxes purposes.</font></p>

<p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; background-color: white; font-size-adjust: none; font-stretch: normal; border-image: none; width: 100%">
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    assets acquired</b></font></td>
    <td style="border: black 1pt solid; text-align: center; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Valuation
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    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by
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    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">IPEMED
contributed R$ 43,244 of net revenue and R$ 10,735 of income before income taxes to the Company in 2019. If the acquisition had taken
place at the beginning of the period, net revenue for 2019 would have been R$ 67,594 and income before income taxes for 2019 would have
been R$ 6,808.</font></p><span></span>
</td>
</tr>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>6 Cash and cash equivalents<br></strong></div></th>
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<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Cash
equivalents correspond mainly to financial investments in Bank Certificates of Deposit (&#8220;CDB&#8221;) with highly rated financial
institutions and investment funds managed by highly rated financial institutions. As of December 31, 2020, the average interest on these
CDB are equivalent to 90.95% of the Interbank Certificates of Deposit (&#8220;CDI&#8221;) (December 31, 2019: 99.2%). These funds are
available for immediate use and have insignificant risk of changes in value. Cash equivalents denominated in U.S. dollars totaled R$70,523
as of December 31, 2020 (December 31, 2019: R$2,529).</font></p><span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of cash and cash equivalents. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550599012648">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>7 Trade receivables<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
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  <tr>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Tuition
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">195,318</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">80,156</font></td></tr>
  <tr style="vertical-align: bottom; background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Educational
    content (a)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">62,931</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">37,154</font></td></tr>
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    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">FIES</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">49,425</font></td>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">11,248</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">9,899</font></td></tr>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">13,526</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">-</font></td></tr>
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    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Others</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">10,476</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">5,005</font></td></tr>
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    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>342,924</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>150,003</b></font></td></tr>
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    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">(-)
    Allowance for doubtful accounts</font></td>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">(32,980)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">(14,763)</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>135,240</b></font></td></tr>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">302,317</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">125,439</font></td></tr>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">7,627</font></td>
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<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;Related
to trade receivables from sales of printed books, e-books and medical courses through digital platform from Medcel.&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;Related
to trade receivables from mobile applications subscriptions for digital medical content.</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">As
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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    <td style="width: 67%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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  <tr>
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">145,076</font></td>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">44,365</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">15,042</font></td></tr>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">57,198</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">27,221</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 7.1pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">91
    to 180 days</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">51,521</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">20,543</font></td></tr>
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    than 180 days</font></td>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">44,764</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">16,102</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>342,924</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>150,003</b></font></td></tr>
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
changes in the allowance for doubtful accounts for the years ended December 31, 2020, 2019 and 2018, was as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(3,794)</font></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of trade and other receivables. [Refer: Trade and other receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598554200">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>8 Related parties<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
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    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td>
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">557</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
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    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>104</b></font></td>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
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    <td><font style="font: 10pt Times New Roman, Times, Serif">Refers to sales of educational content from Medcel
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  </table>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>
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    <td><font style="font: 10pt Times New Roman, Times, Serif">Amounts to be reimbursed by the shareholders to Afya
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<p style="margin-top: 0; margin-bottom: 0">&#160;</p>
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    <td><font style="font: 10pt Times New Roman, Times, Serif">Refers to share services and corporate expenses provided
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Lease
agreements with RVL Esteves Gest&#227;o Imobili&#225;ria S.A.</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Afya
Brazil has entered into lease agreements with RVL Esteves Gest&#227;o Imobili&#225;ria S.A. (&#8220;RVL&#8221;), an entity controlled
by the shareholder Nicolau Carvalho Esteves and of which Mr. Renato Esteves is an executive officer, as described below:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">On
June 21, 2016, RVL entered into lease agreements (as amended on April 26, 2018) with ITPAC &#8211; Instituto Tocantinense Presidente
Ant&#244;nio Carlos S.A., or ITPAC, and Itpac Porto Nacional &#8211; Instituto Tocantinense Presidente Antonio Carlos Porto S.A., or
ITPAC Porto Nacional, pursuant to which RVL Esteves Gest&#227;o Imobili&#225;ria S.A. agreed to lease campuses to ITPAC and ITPAC Porto
Nacional in the cities of Aragua&#237;na and Porto Nacional, both located in the State of Tocantins. The lease agreements are adjustable
in accordance with the provisions of each lease agreement. The lease agreements are for an initial term of 20 years, and are renewable
for an additional 20 years subject to the provisions of each lease agreement.<br style="clear: both" /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">On
November 1, 2016, RVL entered into a lease agreement with Afya Brazil, pursuant to which RVL agreed to lease to Afya Brazil certain offices
located in the city of Nova Lima, State of Minas Gerais, where Afya Brazil&#8217;s principal executive offices are located. On February
9, 2019 the agreement was amended to extend lease terms and adjust the lease amounts, subject to certain discount conditions set forth
in the lease agreement and adjustable in accordance with the provisions of the lease agreement. The lease agreement is for an initial
term of five years, and may be renewable for an additional five years subject to the provisions of the lease agreement.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">On
September 6, 2018, RVL entered into a lease agreement with ITPAC, a subsidiary of Afya Brazil, pursuant to which RVL agreed to lease
to ITPAC the new ITPAC campus currently under construction by RVL in the city of Palmas, State of Tocantins. The lease agreement is for
an amount equal to 7.5% of the monthly net revenue of ITPAC during the prior semester, which will start to become due once the new ITPAC
campus becomes operational, subject to the provisions of the lease agreement. The lease agreement is for an initial term of 20 years,
starting on the date the new ITPAC campus becomes operational, and is renewable for an additional 20 years subject to the provisions
of the lease agreement.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
October 30, 2019, RVL entered into a lease agreement with IPTAN, pursuant to which RVL agreed to lease to IPTAN the new IPTAN medical
campus, currently under construction by RVL in the city of Santa In&#234;s, State of Maranh&#227;o. The lease agreement is for a monthly
amount equal to (i) up to June 2020, R$12 and (ii) after June 2020 and until October 2024, 6.5% of the monthly net revenue of IPTAN assessed
during the prior semester, in each case adjustable in accordance with the provisions of the lease agreement. The lease agreement is for
an initial term of 5 years counted from the conclusion of the construction works, and may be renewable for an additional 5 years subject
to the provisions of the lease agreement.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
lease payments in connection with the lease agreements with RVL totaled R$11,288 and R$10,417 in the years ended December 31, 2020 and
2019, respectively. In the year ended December 31, 2018, the lease expenses in connection with the lease agreements with RVL totaled
R$9,655.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Lease
agreement with UNIVA&#199;O Patrimonial Ltda.</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
July 14, 2016, UNIVA&#199;O Patrimonial Ltda., an entity controlled by the shareholder Nicolau Carvalho Esteves and of which Ms. Ros&#226;ngela
Esteves is the chief executive officer, entered into a lease agreement with UNIVA&#199;O, a subsidiary of Afya Brazil, pursuant to which
UNIVA&#199;O Patrimonial Ltda. agreed to lease the UNIVA&#199;O campus to UNIVA&#199;O, located in the city of Ipatinga, State of Minas
Gerais. The lease agreement is adjustable in accordance with the provisions of the lease agreement. The lease agreement is for an initial
term of 20 years, and is renewable for an additional 20 years subject to the provisions of the lease agreement.The lease payments in
connection with this lease agreement totaled R$2,915 and R$2,816 in the years ended December 31, 2020 and 2019, respectively. In the
year ended December 31, 2018, the lease expenses in connection with this lease agreement totaled R$2,625.<br style="clear: both" /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Lease
agreement with IESVAP Patrimonial Ltda.</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
April 25, 2018, IESVAP Patrimonial Ltda., an entity controlled by the shareholder Nicolau Carvalho Esteves and of which Mr. Renato Esteves
is an executive officer, entered into a lease agreement with IESVAP, a subsidiary of Afya Brazil, pursuant to which IESVAP Patrimonial
Ltda. agreed to lease the IESVAP campus to IESVAP located in the city of Parna&#237;ba, State of Piau&#237;. The lease agreement is for
an amount equal to 7.5% of the monthly net revenue of IESVAP during 2018. The lease agreement is for an initial term of 20 years, and
is renewable for an additional 20 years subject to the provisions of the lease agreement. The lease payments in connection with this
lease agreement totaled R$3,470 and R$2,609 in the years ended December 31, 2020 and 2019, respectively. In the year ended December 31,
2018, the lease expenses in connection with this lease agreement totaled R$1,274.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Key
management personnel compensation</i></font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Key
management personnel compensation included in the Company&#8217;s consolidated statement of income comprised the following:</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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  <tr style="vertical-align: top">
    <td style="width: 66%; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 11%; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="width: 1%; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td>
    <td style="width: 2%; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2018</b></font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Short-term
    employee benefits</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">9,629</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,947</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,681</font></td></tr>
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    compensation plans</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">23,989</font></td>
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    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">13,893</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Compensation
of the Company&#8217;s key management includes short-term employee benefits comprised by salaries, labor and social charges, and other
ordinary short-term employee benefits. The amounts disclosed in the table are the amounts recognized as an expense in general and administrative
expenses during the reporting period related to key management personnel.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
executive officers participate in share-based compensation plans described in Note 15 (b).</font></p><span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for related parties.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2020-01-01<br> -Section Disclosures<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2020-en-r&amp;doctype=Standard&amp;dita_xref=IAS24_g13-24_TI<br> -URIDate 2020-01-01<br></p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550646051224">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>9 Investment in associate<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesAbstract', window );"><strong>Disclosure of associates [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfJointVenturesExplanatory', window );">Investment in associate</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: bold 14pt/11pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>9</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Investment in associate</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">In
connection with the corporate reorganization, described in Note 1 regarding the merger with BR Health, the Company acquired a 30% interest
in UEPC, a medical school located in the Federal District, that offers higher education and post-graduate courses, both in person and
long-distance learning. The Company&#8217;s interest in UEPC is accounted for using the equity method. The following table illustrates
the summarized financial information of the Company&#8217;s investment in UEPC:</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 69%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 15%; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>December
    31, 2020</b></font></td>
    <td style="width: 1%; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 15%; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>December
    31, 2019</b></font></td></tr>
  <tr>
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Current
    assets</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">55,413</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">26,762</font></td></tr>
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    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Non-current
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    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">82,575</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">77,031</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Current
    liabilities</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(34,531)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(29,328)</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Non-current
    liabilities</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(76,132)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(66,294)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Equity</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>27,325</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 2.25pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>8,171</b></font></td></tr>
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    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Company&#8217;s
    share in equity &#8211; 30%</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">8,227</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,451</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Goodwill</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">43,183</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">43,183</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Carrying
    amount of the investment</font></td>
    <td style="border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>51,410</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2.25pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>45,634</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Net
    revenue</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">113,965</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">85,816</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Cost
    of services</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(55,926)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(39,459)</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">General
    and administrative expenses</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(27,341)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(29,476)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Finance
    result</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,882)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,121)</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Income
    before income taxes</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt; text-indent: 0.15in"><font style="font: 10pt Times New Roman, Times, Serif"><b>25,816</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 2.25pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>12,760</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Income
    taxes expenses</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(252)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,275)</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net
    income for the year</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>25,564</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 2.25pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>10,485</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Company&#8217;s
    share of income for the year</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>7,698</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,362</b></font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>December
    31, 2020</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>December
    31, 2019</b></font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Opening
    balance</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">45,634</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Acquisition
    of minority interest (15%) in March 2019</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">24,458</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Acquisition
    of additional minority interest (15%) in June 2019</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">24,457</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Dividends
    receivable (included in Other assets)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt; text-indent: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,922)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(5,643)</font></td></tr>
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    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Share
    of income</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">7,698</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,362</font></td></tr>
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    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Closing
    balance</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>51,410</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>45,634</b></font></td></tr>
  <tr style="background-color: white">
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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<p style="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
Company tests at least annually the recoverability of the carrying amount of goodwill and there was no impairment for this goodwill.</font></p><span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of joint ventures. [Refer: Joint ventures [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_16_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B4<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B4_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550595830616">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>10 Property and equipment<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory', window );">Property and equipment</a></td>
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    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>10</b></font></td>
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<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
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    <td style="width: 30%; vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Cost</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 6%; vertical-align: top; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Building</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 6%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Machinery
    and equipment</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 5%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Lands</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 5%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Vehicles</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 5%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Furniture
    and fixtures</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 6%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>IT
    equipment</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 5%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Library
    books</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Laboratories
    and clinics</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Leasehold
    improvements</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Construction
    in progress</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of January 1, 2018 </b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>20,135</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>120</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>8,357</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>6,494</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>10,016</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>7,094</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,187</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>53,403</b></font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">3,226</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,770</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,023</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,728</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">949</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,940</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">7,918</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">19,554</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Transfer</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,271</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,271)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">7,142</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">62</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,517</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,021</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,873</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">597</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">577</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">3,902</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">18,691</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2018</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>30,503</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,770</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>182</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>11,897</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>10,243</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>12,838</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>597</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>11,882</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>10,736</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>91,648</b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">9,838</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,235</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">422</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">6,976</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,241</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,205</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">34</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,488</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">25,525</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">56,964</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Transfers</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(525)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(525)</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">3,988</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">103</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,565</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,035</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,096</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">418</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">14,541</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">470</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">28,216</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2019</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>44,329</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>7,005</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>707</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>21,438</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>15,994</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>18,139</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,049</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>30,911</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>36,731</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>176,303</b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">13,806</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">672</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,550</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">9,657</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,012</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">54,748</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">5,387</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>89,832</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">6,771</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">8,973</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">5,724</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">508</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">3,061</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,493</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,473</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">12,787</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">5,090</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>47,880</b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Transfer</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">19,148</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,395</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">82</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">367</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,049)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">23,559</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(43,502)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>25,919</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>68,503</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>13,401</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,215</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>29,131</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>28,511</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>21,624</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>122,005</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3,706</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>314,015</b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Depreciation</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of January 1, 2018</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(7,810)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(49)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(3,449)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(3,472)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(6,012)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(136)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(20,928)</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,886)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(10)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(812)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,017)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,003)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(27)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(202)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,957)</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2018</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(9,696)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(59)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(4,261)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(4,489)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(7,015)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(27)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(338)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(25,885)</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,097)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,629)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,495)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,648)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(359)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,317)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(11,545)</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Disposals</font></td>
    <td style="border-top: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">447</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">447</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2019</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(13,793)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(59)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(5,890)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(6,537)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(8,663)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(386)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(1,655)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(36,983)</b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(5,065)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(112)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,199)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,314)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,154)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(78)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,729)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(16,651)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Transfer</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(464)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">464</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(19,322)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(171)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(8,089)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(10,851)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(10,817)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(4,384)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(53,634)</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net
    book value</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>25,919</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>49,181</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>13,401</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,044</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>21,042</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>17,660</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>10,807</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>117,621</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3,706</b></font></td>
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company assesses, at each reporting date, whether there is an indication that a property and equipment asset may be impaired. If any
indication exists, the Company estimates the asset&#8217;s recoverable amount. There were no indications of impairment of property and
equipment as of and for the years ended December 31, 2020, 2019 and 2018.</font></p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for property, plant and equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;doctype=Standard&amp;dita_xref=IAS16_g73-79_TI<br> -URIDate 2020-01-01<br></p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550630390280">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>11 Intangible assets and goodwill<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Intangible assets and goodwill</b></font></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
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    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; width: 86px; text-align: center; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Goodwill</b></font></td>
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    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of January 1, 2018</b></font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>6,633</b></font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>6,633</b></font></td></tr>
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    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions</font></td>
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    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">1,301</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">1,752</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">3,053</font></td></tr>
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    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
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    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">169,535</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">445,616</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">63,303</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">354</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">678,808</font></td></tr>
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    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>8,288</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,752</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>688,494</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions
    (i) (ii)</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">4,030</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">108,000</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">1,101</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">9,644</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">122,775</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">285,844</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">150,156</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">32,111</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">62,110</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">17,305</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">2,845</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">550,371</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2019</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>459,409</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>703,772</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>32,111</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>125,413</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>9,389</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>17,305</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>14,241</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,361,640</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions
    </font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">4,175</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">15,474</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">19,649</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Disposals</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(460)</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(460)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">351,247</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">747,498</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">42,903</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">158,126</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">3,117</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">355</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">484</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">1,303,730</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>810,656</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,451,270</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>75,014</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>283,539</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>16,221</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>17,305</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>355</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>30,199</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,684,559</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amortization</b></font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of January 1, 2018</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(1,904)</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(1,904)</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Amortization</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,945)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,176)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,121)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2018</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(2,945)</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(3,080)</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(6,025)</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Amortization</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,150)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(34,927)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,456)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,876)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(868)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(43,277)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2019</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(1,150)</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(37,872)</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(4,536)</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(4,876)</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(868)</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(49,302)</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Amortization</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,352)</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(47,960)</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,180)</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,816)</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(32)</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(7,367)</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(62,707)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Disposals</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">460</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">460</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(3,502)</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(85,832)</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(6,256)</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(7,692)</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(32)</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(8,235)</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(111,549)</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net
    book value</b></font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/7.5pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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<p style="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(i)
The amount of R$4,030 added to goodwill relates to adjustments during the measurement period of the business combination of IESP in respect
to amounts to be included as part of the purchase price allocation at acquisition date mainly related to impairment of receivables.</font></p>

<p style="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(ii)
On August 13, 2019, Afya Brazil entered into a purchase agreement with the shareholders of IPEC for the acquisition of 100% of IPEC.
IPEC was a non-operational postsecondary education institution with governmental authorization to offer on-campus post-secondary undergraduate
courses in medicine in the State of Par&#225;, that commenced its operation in September 2019. Prior to the acquisition date, IPEC has
no significant assets and liabilities. The purchase price of R$ 108,000 is comprised of: i) R$ 54,000 paid in cash on the acquisition
date; ii) R$ 54,000 is payable in two equal instalments of R$ 27,000 payable annually from August 13, 2020 to August 13, 2021, and adjusted
by the CDI rate. The instalment due in August 2020 was  paid in the total amount of R$28,104.</font></p>

<p style="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Licenses
with indefinite useful life include intangible assets acquired through business combinations. The licenses for medicine and other courses
granted by the Ministry of Education (&#8220;MEC&#8221;) to the companies acquired have no expiration date and the Company has determined
that these assets have indefinite useful lives.</font></p>

<p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">For
impairment testing goodwill and licenses with indefinite useful lives acquired through business combinations are allocated to CGUs.</font></p>

<p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
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<p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company tests at least annually the recoverability of the carrying amount of goodwill and licenses with indefinite useful lives for each
CGU. The process of estimating these values involves the use of assumptions, judgments and estimates of future cash flows that represent
the Company's best estimate.</font></p>

<p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">There
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<p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
carrying amounts of goodwill and licenses with indefinite useful life by CGU and their value in use and the discount rates used for the
impairment assessment as of December 31, 2020 and 2019 was:</font></p>

<p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"></p>

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    <td style="font: 10pt Times New Roman, Times, Serif; width: 11%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">17,446</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">126,397</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">110,224</font></td></tr>
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    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">IESVAP</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">27,956</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">81,366</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">81,366</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">*CBBW
as merged by Medcel on May 1, 2020.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>The
main assumptions used by the Company to determine the value in use of the CGUs were:</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><i>Student
enrollment</i> &#8211; refer to the number of students that are currently enrolled in each CGU.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><i>Tuition
fees</i> &#8211; is the monthly fee charged to students.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><i>Occupancy
rate</i> &#8211; the occupancy rate of the medical schools is the ratio of the number of <i>students effectively enrolled divided by
the regulatory capacity in a given period.</i></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><i>Regulatory
capacity</i> &#8211; the regulatory capacity is defined by the number of medical schools seats available per year awarded by MEC, multiplied
by the number of years of operations since the seats were awarded.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><i>Faculty
&#8211; </i>refer to the cost with faculty in the CGU, which means the amount paid to teachers and doctors.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><i>Digital
content platform users </i>&#8211; refer to mobile app subscription and online courses for digital content users.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><i>Discount
rates:</i> discount rates represent the current market assessment of the risks specific to the CGU being tested. The pre-tax discount
rate applied to cash flow projections is 13.00% in 2020 (12.60% in 2019).</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; text-indent: -10.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Significant
estimate: impact of possible changes in key assumptions</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; text-indent: -10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">An
increase of 13 basis points in management&#8217;s estimated discount rate applied to the cash flow projections of each CGU for the year
ended December 31, 2020, or a decrease of 50 basis points on estimated EBITDA would have not resulted in significant impacts on these
financial statements.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; color: rgb(192,0,0); text-indent: -21.3pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Other
intangible assets</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; color: rgb(192,0,0); text-indent: -21.3pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Intangible
assets, other than goodwill and licenses with indefinite useful lives, are valued separately for each acquisition and are amortized during
each useful life. The useful lives and methods of amortization of other intangibles are reviewed at each financial year end and adjusted
prospectively, if appropriate.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
estimated useful lives of intangible assets are as follows:</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
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    <td style="font: 10pt Times New Roman, Times, Serif; width: 80%; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Customer relationships
    &#8211; medicine</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">6
    years</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Customer relationships
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4.5
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  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Software
    license</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">5
    years</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Education
    content</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3
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  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Trademarks</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">19
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  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Developed
    technology</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">5
    years</font></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">For
the years ended December 31, 2020, 2019 and 2018, there were no indicatives that the Company&#8217;s intangible assets with finite useful
lives might be impaired.</font></p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2020-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2020-en-r&amp;doctype=Standard&amp;dita_xref=IAS38_g118-128_TI<br> -URIDate 2020-01-01<br></p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550704594488">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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<td class="text"><table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
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    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>12</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Financial assets and financial liabilities</b></font></td></tr>
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<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.1
Financial assets</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="width: 71%; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Financial
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    <td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 12%; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2020</b></font></td>
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    <td style="border-bottom: black 1pt solid; width: 15%; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2019</b></font></td></tr>
  <tr>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>At
    amortized cost</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Cash
    and cash equivalents</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">1,045,042</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">&#160;943,209
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    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Restricted
    cash</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">2,053</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">16,841
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    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Trade
    receivables</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">309,944</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">135,240
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>1,357,039</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>1,095,290
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">&#160;1,083,436
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    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">&#160;11,854
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<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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Financial liabilities</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="width: 70%; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"><b>Financial
    liabilities</b></font></td>
    <td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"><b>2020</b></font></td>
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  <tr>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"><b>At
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">35,743</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">17,628
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  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">Loans
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">617,485</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">60,357
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  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">Lease
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">447,703</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">284,515
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  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">Accounts
    payable to selling shareholders</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">518,240</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">300,237
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  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">Notes
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">76,181</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
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    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Advances
    from customers</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">63,839</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">36,860
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  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Total</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,759,191</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>699,597</b></font></td></tr>
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    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Current</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">467,643</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">262,671
    &#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Non-current</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,291,548</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">436,926</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Derivatives
    not designated as hedging instruments</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Cross-currency
    interest rate swaps</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">757</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Total</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"><b>-</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"><b>757</b></font></td></tr>
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    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Current</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">757</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Non-current</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">-</font></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Debt
instruments at amortized cost include trade receivables and receivables from related parties. Financial assets at amortized cost also
include cash and cash equivalents and restricted cash.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Derivatives
not designated as hedging instruments reflect the positive change in fair value of cross-currency interest rate swaps that are not designated
in hedge relationships, but are intended to mitigate the foreign currency risk for the loan denominated in Euros.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.2.1
Loans and financing</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="border-bottom: black 1pt solid; font-size: 14pt; width: 31%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Financial
    institution</b></font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; width: 13%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Currency</b></font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; width: 20%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interest
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    <td style="border-bottom: black 1pt solid; font-size: 14pt; width: 11%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Maturity</b></font></td>
    <td style="font-size: 14pt; width: 2%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; width: 11%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="font-size: 14pt; width: 1%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; width: 11%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td></tr>
  <tr style="vertical-align: top">
    <td style="font-size: 14pt; font-weight: bold; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Ita&#250;
    Unibanco S.A. (e)</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Euro</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">1.01%
    p.y.</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">2020</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">52,959</font></td></tr>
  <tr style="background-color: white">
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Ita&#250;
    Unibanco S.A.</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Brazilian
    real</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">1.22%
    a 1.26% p.m.</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">2020</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 2pt"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">648</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">FINEP
    (d)</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Brazilian
    real</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">TJLP
    p.y.</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">2027</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">10,864</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">6,750</font></td></tr>
  <tr style="background-color: white">
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">BNDES
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    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Brazilian
    real</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">10.03%
    p.y.</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">2024</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">471</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Banco
    Votorantim (b)</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Brazilian
    real</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">CDI
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    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">2021</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">101,785</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Ita&#250;
    Unibanco S.A. (a)</font></td>
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Brazilian
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  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
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  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
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    <td><font style="font: 10pt Times New Roman, Times, Serif">On October 1, 2020, Afya Brazil entered into a loan
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
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    <td><font style="font: 10pt Times New Roman, Times, Serif">On July 3, 2020, Afya Brazil entered into a loan agreement
    with Banco Votorantim S.A. in the amount of R$ 100,000 adjusted by the CDI rate plus an interest rate of 1.65% per year and is repayable
    at maturity on July 5, 2021.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
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  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
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    which has an interest rate based on TJLP (Long term interest rate), 2019 and maturity in 2027. The first and second tranches of R$6,734
    and R$4,130, respectively, were drawdown in October 2019 and December 2020, respectively, in order to develop the Medical web series
    and other digital content. There is no financial covenant related to this agreement. The loan is guaranteed by bank warranty in the
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  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
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    1.01% per annum and is repayable in three equal installments on November 18, 2019, May 18, 2020 and November 12, 2020. The loan agreement
    contains a financial covenant requiring Afya Brazil to maintain a Net Debt to EBITDA ratio less or equal to: 2.2x at end of 2018
    and 2019 and 1.8x at the end of 2020. The loan was guaranteed by financial investments, classified as restricted cash, in the amount
    of R$14,788 as of December 31, 2019. This loan was repaid on November 12, 2020.<br /><br />On November 21, 2018, Afya Brazil entered
    into cross-currency interest rate swaps in order to mitigate the foreign exchange exposure related to a loan denominated in Euros.
    The swap agreements are comprised of derivative assets to swap the foreign exchange exposure (Euros to Brazilian real) and derivative
    liabilities for the interest rate swap (1.01% p.y. to 128% of CDI). The swap agreements have three maturities on November 18, 2019,
    May 18, 2020 and November 12, 2020.</font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    value</b></font></td></tr>
  <tr>
    <td style="border-bottom: black 1pt solid; width: 58%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Cross-currency
    interest rate swap agreements</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 17%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Principal
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    <td style="border-bottom: black 1pt solid; width: 13%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
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  <tr>
    <td style="vertical-align: bottom; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">49,165</font></td>
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    <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(49,165)</font></td>
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  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net
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    <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Current
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    <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
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<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.2.2
Leases</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
Company adopted IFRS 16 using the modified retrospective method of adoption with the date of initial application of January 1, 2019.
The Company has lease contracts for properties. The maturity of the lease contracts generally have lease terms between 5 and 30 years.
There are no sublease and variable payments in-substance lease agreements in the period. </font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Set
out below are the carrying amounts of right-of-use assets and lease liabilities and the movements during the period:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
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    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Right-of-use
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    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">As
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    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">212,360</font></td>
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  <tr style="vertical-align: top; background-color: white">
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    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">19,100</font></td>
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  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
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    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">61,145</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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  <tr style="vertical-align: top; background-color: white">
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    expense</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(18,330)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest
    expense</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">31,469</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
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    of lease liabilities</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(39,779)</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">As
    at December 31, 2019</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">274,275</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">284,515</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
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    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">64,743</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">64,743</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Remeasurement</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">34,161</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">34,161</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">76,855</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">76,855</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation
    expense</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(29,386)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest
    expense</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">44,458</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Payments
    of lease liabilities</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(55,455)</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Disposals</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,574)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,574)</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    at December 31, 2020</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>419,074</b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>447,703</b></font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    at December 31, 2019</b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Current</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">22,693</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Non-current</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">274,275</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">261,822</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    at December 31, 2020</b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Current</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">61,976</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Non-current</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">419,074</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">385,727</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="width: 59%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 20%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 20%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
Company recognized lease expense from short-term leases and low-value assets of R$ 2,555 for the year ended December 31, 2020 (R$ 4,494
for the year ended December 31, 2019).</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.2.3
Accounts payable to selling shareholders</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 66%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 17%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 17%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>-</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of IESP (a)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">38,771</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">75,450</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of FADEP (b)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">18,745</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of FASA (c)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">70,356</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">105,306</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of IPEMED (d)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">38,622</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">45,646</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of IPEC (e)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">28,307</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">55,090</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of UniRedentor (f)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">97,773</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of UniSL (g)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">53,386</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of FCMPB (h)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">189,420</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of FESAR (i)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,569</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of MedPhone (j)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">36</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>518,240</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>300,237</b></font></td></tr>
  <tr style="background-color: white">
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">188,420</font></td>
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  <tr style="background-color: rgb(213,234,234)">
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">329,820</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">168,354</font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 58%; vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 16%; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 11%; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2018</b></font></td></tr>
  <tr>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Opening
    balance</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">300,237</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt; text-indent: 12.4pt"><font style="font: 10pt Times New Roman, Times, Serif">177,730</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Cash
    flows</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(134,518)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(92,688)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Acquisition
    of IPEC</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">54,000</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt; text-indent: 18.1pt"><font style="font: 10pt Times New Roman, Times, Serif">13,884</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">17,977</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,687</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">343,140</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">144,538</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">176,043</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Compensation
    of legal proceedings disbursement</font></td>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,503)</font></td>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,320)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Closing
    balance</b></font></td>
    <td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>518,240</b></font></td>
    <td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>300,237</b></font></td>
    <td style="border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>177,730</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">(a)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">On November 27, 2018, Afya
    Brazil acquired 80% of IESP and the amounts of (i) R$8,906 was paid in February 2019, and (ii) R$106,200 is payable in three equal
    installments of R$35,400, each adjusted by the CDI rate through the payment date. The first and second installments were paid in
    November 2019 and 2020, respectively, and the remaining installment is due by the end of the third year from the transaction closing
    date.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">(b)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">On December 5, 2018, Afya
    Brazil acquired 100% of FADEP and the amount of R$52,846 is payable in three equal installments of R$17,615, each adjusted by the
    SELIC rate through the payment date and due semiannually from the transaction closing date. The first installment was paid in June
    2019, the second installment was paid in December 2019, and the last installment was paid in June 2020.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">(c)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">On April 3, 2019, Afya Brazil
    acquired 90% of FASA and R$ 39,695 was paid in April 2020, R$ 29,770 is payable in April 2021, and R$ 29,770 is payable in April
    2022; each adjusted by the IPCA rate + 4.1% per year.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(d)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">On May 9, 2019, Afya Brazil
    acquired 100% of IPEMED and R$ 45,303 is payable in five equal installments of R$ 9,061, adjusted by the CDI rate, and due annually
    in February 2020, 2021, 2022, 2023 and 2024.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(e)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">On August 13, 2019, Afya Brazil acquired 100% of IPEC
    and R$54,000 was paid in cash on the transaction closing date, and (ii) R$54,000 is payable in two equal installments, adjusted by
    the CDI rate, and due annually at the end of the first and the second year from the transaction closing date.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">(f)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">On January 31, 2020, Afya
    Brazil acquired 100% of UniRedentor and R$ 114,607 was paid in cash on the transaction closing date, and the original amount of R$100,000
    is payable in five equal installments from January 2021 through July 2024, adjusted by the CDI rate. The purchase consideration was
    adjusted by R$4,503 and such amount will be deducted from the first installment due in January 2021. </font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">(g)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">On May 5, 2020, Afya Brazil
    acquired 100% of UniSL. The purchase consideration is R$201,521, of which: R$ 141,065 was paid in cash on the transaction closing
    date, and R$ 60,456 is payable in three equal installments through May 2023, adjusted by the CDI rate. </font><font style="font: 10pt Times New Roman, Times, Serif">The
    purchase consideration was adjusted by R$7,816 and such amount will be deducted from the first installment due in May 2021.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(h)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">On November 9, 2020, Afya
    Brazil acquired 100% of FCMPB. The net purchase price </font><font style="font: 10pt Times New Roman, Times, Serif">of
    R$379,913 was adjusted to R$378,807<font style="background-color: white">, of which: R$ 189,</font>913 <font style="background-color: white">was
    paid in cash on the transaction closing date, and R$ 188,894 is payable in four installments through November 2024, adjusted by the
    CDI rate.</font></font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(i)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">On November 3, 2020, Afya Brazil acquired 100% of the
    share capital of FESAR. The aggregate purchase price was R$260,836, including the CDI rate adjustment from the singing and the real
    state of the operation, estimated at R$ 17,397, of which 100% was paid in cash on the closing of the operation. The purchase consideration
    was adjusted by R$1,569 and was paid on February 25, 2021.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(j)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">On November 4, 2020, Afya Brazil acquired 100% of the
    share capital of MedPhone. The net purchase price was R$6,373 of which 100% was paid in cash on the closing of the operation. The
    purchase consideration was adjusted by R$36 and was paid on February 2, 2021.</font></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.2.4
Notes payable</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">With
the acquisition of UniSL, Afya Brazil assumed notes payable regarding the previous acquisition of a portion of the operations of Universidade
Luterana do Brasil (ULBRA) by UniSL in auction by the end of 2018. Two of the UniSL campuses, located in the cities of Ji-Paran&#225;
and Porto Velho in the State of Rond&#244;nia, were acquired in such transaction. As at December 31, 2020, notes payable of R$ 76,181,
has a final maturity in 2023 and is adjusted by 100% of IPCA-E.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">Set
out below are the carrying amount of notes payable and the movements during the period:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 66%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 6%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 28%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Notes
    payable</b></font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">As
    at January 1, 2020</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combination</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">80,526</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Payments</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(5,974)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Monetary
    indexation</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,629</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    at December 31, 2020</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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  <tr style="background-color: white">
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10,503</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Non-current
    liabilities</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">65,678</font></td></tr>
  </table>
<p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>

<p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.3
Fair values</b></font></p>

<p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
table below is a comparison of the carrying amounts and fair values of the Company&#8217;s financial instruments, other than those carrying
amounts that are reasonable approximation of fair values:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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  <tr style="vertical-align: bottom">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Carrying
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    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Fair
    value</b></font></td>
    <td style="text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Carrying
    amount</b></font></td>
    <td style="text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Fair
    value</b></font></td></tr>
  <tr>
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    assets</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Restricted
    cash</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">2,053</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">2,053</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">16,841</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">16,841</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Trade
    receivables (non-current)</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">7,627</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">7,627</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">9,801</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">9,801</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>9,680</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>9,680</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>26,642</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>26,642</b></font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Financial
    liabilities</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Loans
    and financing</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">617,485</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">637,723</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">60,357</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">60,443</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Lease
    liabilities</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">447,703</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">447,703</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">284,515</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">284,515</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Accounts
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">518,240</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">518,240</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">300,237</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">300,237</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Notes
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">76,181</font></td>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td></tr>
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">757</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="width: 44%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 16%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 13%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 13%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company assessed that the fair values of cash and cash equivalents, restricted cash, trade receivables, other assets, trade payables,
advances from customers and other liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Derivatives
not designated as hedging instruments are recorded at fair value.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
fair value of interest-bearing borrowings and loans are determined by using the DCF method using discount rate that reflects the issuer&#8217;s
borrowing rate as at the end of the reporting period. The own non-performance risk at December 31, 2020 was assessed to be insignificant.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.4.Financial
instruments risk management objectives and policies</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
Company&#8217;s principal financial liabilities, other than derivatives, comprise loans and financing, accounts payable to selling shareholders,
trade payables and advances from customers. The main purpose of these financial liabilities is to finance the Company&#8217;s operations.
The Company&#8217;s principal financial assets include trade receivables, cash and cash equivalents and financial investments classified
as restricted cash that derive directly from its operations. The Company has also entered into derivative transactions to protect its
exposure to foreign currency risk.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
Company is exposed to market risk, credit risk and liquidity risk. The Company monitors market, credit and operational risks in line
with the objectives in capital management and counts with the support, monitoring and oversight of the Board of Directors in decisions
related to capital management and its alignment with the objectives and risks. The Company&#8217;s policy is that no trading of derivatives
for speculative purposes may be undertaken. The Board of Directors reviews and agrees policies for managing each of these risks, which
are summarized below.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.4.1
Market risk</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Market
risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices.
The Company&#8217;s exposure to market risk is related to interest rate risk and foreign currency risk.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
sensitivity analysis in the following sections relate to the position as at December 31, 2020.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 14pt Times New Roman, Times, Serif; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 21.3pt"><font style="font: normal 10pt Times New Roman, Times, Serif"><i>(i)</i></font></td>
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    rate risk</i></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Interest
rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
interest rates. The Company&#8217;s exposure to the risk of changes in market interest rates relates primarily to the Company&#8217;s
cash equivalents and financial investments classified as restricted cash with floating interest rates and accounts payable to selling
shareholders.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><u>Sensitivity
analysis</u></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table demonstrates the sensitivity to a reasonably possible
change in the current interest rates on cash equivalents, restricted cash, loans and financing and derivatives and accounts payable to
selling shareholders. With all variables held constant, the Company&#8217;s income before income taxes is affected through the impact
on floating interest rate, as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
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    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 8%; padding-left: 5.4pt; padding-right: 5.4pt">
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    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 8%; padding-left: 5.4pt; padding-right: 5.4pt">
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    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 8%; padding-left: 5.4pt; padding-right: 5.4pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>-150</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)">
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">916,790</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">90.95% CDI</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">15,843</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">6,876</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(6,876)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">13,752</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(13,752)</font></td></tr>
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    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Restricted cash</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">2,053</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">76.10% CDI</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">30</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">15</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(15)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">31</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(31)</font></td></tr>
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(10,864)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">TJLP p.y.</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(494)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(81)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">81</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(163)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">163</font></td></tr>
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(101,785)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1.65%+100%CDI</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(3,613)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(763)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">763</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(1,527)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1,527</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Loans and financing</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(504,365)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1.62%+CDI</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(17,754)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(3,783)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">3,783</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(7,565)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">7,565</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Accounts payable to selling shareholders</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(447,848)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">CDI</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(8,510)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(3,359)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">3,359</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(6,718)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">6,718</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Accounts payable to selling shareholders</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(70,356)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">IPCA+4.1%</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(2,894)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(528)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">528</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(1,055)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1,055</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Notes payable</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(76,181)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">IPCA</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(1,028)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(571)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">571</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(1,143)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1,143</font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0">&#160;<font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 14pt Times New Roman, Times, Serif; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 21.3pt"><font style="font: normal 10pt Times New Roman, Times, Serif"><i>(ii)</i></font></td>
    <td><font style="font: normal 10pt Times New Roman, Times, Serif"><i>Foreign
    currency risk</i></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Foreign
currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange
rates. The Company&#8217;s exposure to the risk of changes in foreign exchange rates relates to cash and cash equivalents denominated
in U.S. dollars in the amount of R$70,523 as of December 31, 2020 (December 31, 2019: R$2,529).</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><u>Foreign
currency sensitivity</u></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
following table demonstrates the sensitivity in the Company&#8217;s income before income taxes of a 10% change in the U.S. dollar exchange
rate (R$5.1961 to U.S. dollar 1.00) as of December 31, 2020 and 2019, with all other variables held constant. </font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="width: 60%; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>Exposure</b></font></td>
    <td style="width: 2%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>+10%</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 1%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 11%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-10%</b></font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Cash
    and cash equivalents</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">70,523</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7,052</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(7,052)</font></td></tr>
  </table>
<p style="font: bold 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: bold 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.4.2
Credit risk</b></font></p>

<p style="font: bold 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"><font style="font: 10pt Times New Roman, Times, Serif">Credit
risk is the risk that a counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial
loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing activities,
including cash and cash equivalents and restricted cash.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"><font style="font: 10pt Times New Roman, Times, Serif">Customer
credit risk is managed by the Company based on the established policy, procedures and control relating to customer credit risk management.
Outstanding customer receivables are regularly monitored. See Note 7 for additional information on the Company&#8217;s trade receivables.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"><font style="font: 10pt Times New Roman, Times, Serif">Credit
risk from balances with banks and financial institutions is management by the Company&#8217;s treasury department in accordance with
the Company&#8217;s policy. Investments of surplus funds are made only with approved counterparties and within limits assigned to each
counterparty.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"><font style="font: 10pt Times New Roman, Times, Serif">The
Company&#8217;s maximum exposure to credit risk for the components of the statement of financial position at December 31, 2020 and 2019
is the carrying amounts of its financial assets.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.55pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0.55pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.4.3
Liquidity risk</b></font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0.55pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
Company&#8217;s Management has responsibility for monitor liquidity risk. In order to achieve the Company&#8217;s objective, Management
regularly reviews the risk and maintains appropriate reserves, including bank credit facilities with first tier financial institutions.
Management also continuously monitors projected and actual cash flows and the combination of the maturity profiles of the financial assets
and liabilities.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
main requirements for financial resources used by the Company arise from the need to make payments for suppliers, operating expenses,
labor and social obligations, loans and financing and accounts payable to selling shareholders.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
tables below summarize the maturity profile of the Company&#8217;s financial liabilities based on contractual undiscounted amounts:</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="background-color: white">
    <td style="width: 50%; white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Less
    than 1 year</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1
    to 3 years</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3
    to 5 years</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>More
    than 5 years</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"><b>Total</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Trade
    payables</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">35,743</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">35,743</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Loans
    and financing</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">125,137</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">566,157</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,010</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3,094</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">698,398</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Lease
    liabilities</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">63,092</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">131,225</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">124,114</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">705,115</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,023,546</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Accounts
    payable to selling shareholders</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">191,145</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">262,340</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">81,153</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">534,638</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Notes
    payable</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">11,083</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">83,803</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">94,886</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Advances
    from customers</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">63,839</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">63,839</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>490,039</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,043,525</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>209,277</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>708,209</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,451,050</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="background-color: white">
    <td style="width: 50%; white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2019&#160;</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Less
    than 1 year</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1
    to 3 years</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3
    to 5 years</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>More
    than 5 years</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"><b>Total</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Trade
    payables</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">17,628</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">17,628</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Loans
    and financing</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">54,507</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">3,537</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">2,517</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">1,926</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">62,487</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Lease
    liabilities</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">44,139</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">81,326</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">76,013</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">502,831</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">704,309</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Accounts
    payable to selling shareholders</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">137,608</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">182,535</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">12,072</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">332,215</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Advances
    from customers</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">36,860</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">36,860</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Derivatives</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">757</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">757</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"><b>291,499</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"><b>267,398</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"><b>90,602</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"><b>504,757</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"><b>1,154,256</b></font></td></tr>
  </table>
<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.5
Changes In liabilities arising from financing activities</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="width: 25%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 8%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>January
    1, 2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Payments</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Addition
    / Remeasurement</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 6%; text-align: center; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Interest</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 11%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Foreign
    exchange movement</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 11%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Business
    combination</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Other</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>December
    31, 2020</b></font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 8pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Loans
    and financing</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">60,357</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">(155,090)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">605,041</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">10,031</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">21,279</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">75,815</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">52</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">617,485</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 8pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Lease
    liabilities</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">284,515</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">(55,455)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">98,904</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">44,458</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">76,855</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">(1,574)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">447,703</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 8pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Dividends
    payable</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">(12,984)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">12,984</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 8pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Total</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>344,872</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>(223,529)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>716,929</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>54,489</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>21,279</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>152,670</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>(1,522)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>1,065,188</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="width: 24%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 7%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>January
    1, 2019</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Payments</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Addition
    / Remeasurement</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 6%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interest</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Foreign
    exchange movement</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
    combination</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 7%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Other</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>December
    31, 2019</b></font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Loans
    and financing</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">77,829</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(75,093)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">7,383</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">6,025</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,126</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">43,087</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">60,357</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Lease
    liabilities</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">212,360</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(39,779)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">19,100</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">31,469</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">61,365</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">284,515</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Dividends
    payable</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,107</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(51,812)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">51,812</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,107)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>294,296</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(166,684)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>78,295</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>37,494</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,126</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>104,452</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(4,107)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>344,872</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="width: 24%; text-align: left; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 7%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>January
    1, 2018</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Payments</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Addition
    / Remeasurement</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 6%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interest</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Foreign
    exchange movement</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
    combination</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 7%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Other</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>December
    31, 2018</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234); vertical-align: bottom">
    <td style="text-align: left; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Loans
    and financing</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3,823</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(6,492)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">74,980</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,821</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,697</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">77,829</font></td></tr>
  <tr style="background-color: white; vertical-align: bottom">
    <td style="text-align: left; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Related
    parties</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">106</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(106)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234); vertical-align: bottom">
    <td style="text-align: left; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Dividends
    payable</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">14,888</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(5,845)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,936)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,107</font></td></tr>
  <tr style="background-color: white; vertical-align: bottom">
    <td style="text-align: left; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>18,817</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(12,443)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>74,980</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,821</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,697</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(4,936)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>81,936</b></font></td></tr>
  </table><span></span>
</td>
</tr>
</table>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for financial instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Section Scope<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;doctype=Standard&amp;dita_xref=IFRS07_g3-5A_TI<br> -URIDate 2020-01-01<br></p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550641657032">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>13 Fair value measurement<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FairValueMeasurementExplanatory', window );">Fair value measurement</a></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>13</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Fair value measurement</b></font></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font-weight: normal">The following table
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&#160;</p>

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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>14 Capital management<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
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capital management is to maximize the shareholder value.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
Company manages its capital structure and makes adjustments in light of changes in economic conditions and to maintain and adjust the
capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The
Company monitors capital using net debt and total equity. The Company includes within net debt, loans and financing less cash and cash
equivalents and restricted cash. </font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,053)</font></td>
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    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,113,726</font></td></tr>
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">No
changes were made in the objectives, policies or processes for managing capital during the years ended December 31, 2020 and 2019.</font></p><span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of capital management.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598990008">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>15 Labor and social obligations<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsExplanatory', window );">Labor and social obligations</a></td>
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  <tr style="vertical-align: top">
    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>15</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Labor and social obligations</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
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  <tr style="vertical-align: top">
    <td style="width: 21.3pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>a)</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Variable compensation (bonuses)</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
Company recorded bonuses related to variable compensation of employees and management in cost of services and general and administrative
expenses of R$ 9,514, R$ 6,871 and R$1,945 for the years ended December 31, 2020, 2019 and 2018, respectively.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
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    <td style="width: 21.3pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>b)</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Share-based compensation plans</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>b.1)
Share-based compensation plans exercised in 2019</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
fair value of the stock options was estimated at the grant date using the Monte Carlo pricing model for Afya Brazil and Black &#38; Scholes
pricing model for the Guardaya&#8217;s plan, taking into account the terms and conditions on which the stock options were granted. The
exercise price of the stock options granted was monetarily adjusted by the CDI rate. The Company accounted for the stock options plan
as an equity-settled plan.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
stock options granted in June 2018 had the following vesting periods after the grant date: 10% after 90 days, 15% after 12 months, 25%
after 24 months, 25% after 36 months and 25% after 48 months.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
stock options granted in February 2019 had the following vesting periods after the grant date: 10% after 90 days, 15% after 15 months,
25% after 27 months, 25% after 39 months and 25% after 51 months.<br style="clear: both" />
</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Guardaya&#8217;s stock options had the following vesting periods: 10% after 1 year, 15% after 2 years, 25% after 3 years and 50% after
4 years.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
stock options vest immediately at the following liquidity events: (i) an IPO, (ii) changes in the Company&#8217;s control group; and
(iii) sale of Crescera&#8217;s interest on Afya Brazil. On July 18, 2019, Afya Limited completed its IPO and the stock options became
vested.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
following table list the inputs to the model used to determine the fair value of the stock options:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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    <td style="border-bottom: black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>05/15/2018</b></font></td>
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    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Weighted
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    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">R$
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    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">R$
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    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">R$
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    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">0.0%</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">0.0%</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">0.0%</font></td></tr>
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    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">45.5%</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">43.7%</font></td></tr>
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    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">7.7%</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">7.6%</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">7.2%</font></td></tr>
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    <td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Expected
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    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">4.0</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">4.0</font></td>
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    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">R$254.13</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">R$
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    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">R$
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    <td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Model
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    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Monte
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    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Monte
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    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Black
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    <td style="width: 48%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 16%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 16%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">*After
the corporate reorganization described in Note 1, the options originally granted under the Guardaya&#8217;s plan granted on August 10,
2018 were remeasured at fair value and included in Afya Brazil&#8217;s plan with no changes to the previous terms and conditions other
than the shares subject to such options granted and, consequently, the number of stock and exercise price of the shares as per the share
exchange ratio applied on the corporate reorganization.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
stock options became vested immediately as a result of the IPO mentioned in Note 1 and was fully exercised on July 31,2019 at Afya Limited.The
share-based compensation expense recognized in general and administrative expenses in the statement of income for the year ended December
31, 2019 related to these stock option plans was R$ 7,074 (R$ 2,161 for the year ended December 31, 2018).</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">In
September, 2019, as a result of the IPO mentioned in Note 1, the Company had a capital increase through the issuance of 1,842,428 Class
A common shares in the amount of R$ 17,627 related to the exercise of the stock options.<br style="clear: both" />
</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
following table illustrates the number and movements in stock options during the periods:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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  <tr>
    <td style="font-size: 10pt; width: 39%; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 10pt; width: 1%; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; font-size: 10pt; width: 30%; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number
    of stock options (i) &#8211; 2019</b></font></td>
    <td style="border-bottom: black 1pt solid; font-size: 10pt; width: 30%; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number
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  <tr style="background-color: rgb(213,234,234)">
    <td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding
    at January 1</font></td>
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    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">1,291,248
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    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">293,860
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    <td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Addition
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    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">257,320
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    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,842,428)</font></td>
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  <tr style="background-color: white">
    <td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Expired</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; font-size: 10pt; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
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  <tr style="background-color: rgb(213,234,234)">
    <td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Outstanding
    at December 31</b></font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1.5pt double; font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,291,248</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 14pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 21.3pt"><font style="font: normal 10pt Times New Roman, Times, Serif">(i)</font></td>
    <td><font style="font: normal 10pt Times New Roman, Times, Serif">The
    number of common shares outstanding from Afya Brazil was retrospectively adjusted in the proportion of 1:28 due to the contribution
    of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya Brazil contributed to Afya, which did
    not result in changes on the arrangements of the plans.</font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>b.2)
Afya Limited share-based compensation plan</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
stock options plan approved on August 30, 2019 as a result of the IPO will govern the issuance of equity incentive awards with respect
to Company&#8217;s Class A common shares. On September 2, 2019 and September 25, 2019, the Company granted 2,306,213 and 58,000 stock
options, respectively. The fair value of the stock options was estimated at the grant date using the Binomial pricing model, taking into
account the terms and conditions on which the stock options were granted. The Company accounts for the stock options plan as an equity-settled
plan.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
stock options will vest in five installments of 20% per year, starting on May 1 of the year following the date of execution of the option
agreement with each beneficiary.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">On
March 19, 2020, 230,000 additional stock options were granted, with an exercise price of US$19.00 each. These stock options will vest
in four annual installments, representing each, respectively, 25% of the total stock options granted to such option holder.</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
July 29, 2020, the board of directors approved a change in the strike price of the current share-based compensation plan. The strike
price is now measured in Brazilian Reais (where the Company&#8217;s operations are located and valuated) adjusted by CDI rate instead
of U.S. dollar adjusted by T-Bond. Furthermore, the first tranche had its vesting period extended from May 2020 to May 2021, including
one year lock-up period after the vesting period. This change was assessed as a modification by the Company and was accounted in accordance
with IFRS 2.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">As
result, the expense related to the share-based payment of the Company reflects the cost of the original award at grant date over the
vesting period plus the incremental fair value of the repriced options at modification date (R$11.53 average per option, in Brazilian
Reais) over the vesting period of the options.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
August 17, 2020, 127,000 additional stock options were granted, with an exercise price of R$74 and R$122 (in Brazilian Reais). These
stock options will vest in 3 to 5 annual installments.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
November 26, 2020, 115,000 additional stock options were granted, with an exercise price of R$126 (in Brazilian Reais). These stock options
will vest in 5 annual installments.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">On
December 16, 2020, 5,220 additional stock options were granted, with an exercise price of R$97 (in Brazilian Reais). These stock options
will vest in 1 annual installment.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
share-based compensation expense, including the incremental fair value as result of the modification, recognized in general and administrative
expenses in the statement of income for the year ended December 31, 2020 was R$ 32,610 (December 31, 2019: R$ 11,040).</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
following table illustrates the number and movements in stock options during the period:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td rowspan="2" style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted
    average exercise price (in Reais)</b></font></td>
    <td colspan="2" style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number
    of stock options</b></font></td></tr>
  <tr>
    <td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: rgb(54,95,145) 1pt solid; white-space: nowrap; text-align: right; padding-left: 0.1in"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="width: 40%; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding
    at January 1</font></td>
    <td style="width: 31%; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">74.53</font></td>
    <td style="width: 16%; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">2,364,214</font></td>
    <td style="width: 13%; white-space: nowrap; text-align: right; padding-left: 0.1in"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">94.55</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">477,220</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 0.1in"><font style="font: 10pt Times New Roman, Times, Serif">2,364,214</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">74.57</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(274,359)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 0.1in"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">96.20</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(56,092)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 0.1in"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Expired</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 0.1in"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Outstanding
    at December 31</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>78.22</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,510,983</b></font></td>
    <td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 0.1in"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,364,214</b></font></td></tr>
  </table>
<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
following table list the inputs to the model used to determine the original fair value of the stock options granted in March 2020 and
September 2019:</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 407px; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>March
    2020</b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>September
    2019</b></font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Strike
    price at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">US$
    19.00</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">US$
    19.00</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Dividend
    yield (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Expected
    volatility (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">39.7%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">38.9%</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Risk-free
    interest rate (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.8%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1.4%</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Expected
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    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4.0</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">5.0</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Share
    price at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">US$
    16.30</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">US$
    21.90</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Model
    used</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Binomial</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Binomial</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Weighted
    average fair value at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">US$
    3.94</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">US$
    6.55</font></td></tr>
  </table>
<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">On
July 29, 2020 the stock options plans granted in September 2019 and March 2020 was remeasured considering the new strike price in Brazilian
Reais. The strike price was previously measured at US$ 19.00 adjusted by T-Bond rates. The average incremental fair value, as result
of the modification, was R$ 15.94 per option. The following table list the inputs to the model used to determine the incremental fair
value of the stock options as result of the modification:</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 60%; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 20%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Modified
    plan</b></font></td>
    <td style="width: 20%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Original
    plan (*)</b></font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Strike
    price at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    74.38</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    99.09</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Dividend
    yield (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Expected
    volatility (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">41%
    - 76%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">42%
    - 76%</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Risk-free
    interest rate (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2.0%
    - 4.9%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.2%
    - 0.4%</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Expected
    life of stock options (years)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1
    &#8211; 4</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1
    &#8211; 4</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Share
    price at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    133.68</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    133.68</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Model
    used</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Binomial</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Binomial</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Weighted
    average fair value at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    69.54</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    57.12</font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">(*)
The strike price of the original plan was based in U.S. dollars.</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
following table list the inputs to the model used to determine the fair value of the stock options granted on August 17,2020, November
26, 2020 and December 16, 2020, which has been granted in line with the modified plan on July 29, 2020:</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48%; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 20%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>August
    2020</b></font></td>
    <td style="width: 17%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>November
    2020</b></font></td>
    <td style="width: 15%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>December
    2020</b></font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Strike
    price at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$74
    &#8211; R$122</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$126</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$97</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Dividend
    yield (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Expected
    volatility (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">41%
    - 75%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">40%
    - 69%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">69%</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Risk-free
    interest rate (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2.2%
    - 6.1%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2.2%
    - 6.9%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.9%</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Expected
    life of stock options (years)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1
    &#8211; 5</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1
    &#8211; 5</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Share
    price at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    136</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">145.15</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    119.78</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Model
    used</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Binomial</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Binomial</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Binomial</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Weighted
    average fair value at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    67.12</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    56.43</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    40.38</font></td></tr>
  </table><span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550599026600">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>16 Equity<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>16</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Equity</b></font></td></tr>
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<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>a.
Share capital</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="background-color: white">As of December 31, 2020, the Company&#8217;s
share capital was R$ 17 (R$ 17 as of December 31, 2019) comprised by 93,146,731 shares (45,112,416 class A common shares and 48,034,315
class B common shares) and 89,744,275 shares as of December 31, 2019 (<font style="color: #0d0e00">31,814,690 class A common shares and
57,929,585 class B common shares</font>).</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="background-color: white">In 2020, the Company issued 3,260,480
of the Class A common shares through the public equity offering, as described in Note 1. In addition, on July 20, 2020, the Company's
additional paid in capital was increased by R$17,531 in connection with issuance of 141,976 Class A common shares as described in </font>Note
5.1(c).</p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>b.
Afya Brazil</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">Prior
to the completion of Afya&#8217;s IPO in July 2019, Afya Brazil was the predecessor of Afya. As such, the consolidated financial statements
reflect the operating results of Afya Brazil prior to the reorganization. As of December 31, 2018, Afya Brazil&#8217;s share capital
was R$ 315,000 represented by 1,443,541 shares, comprised of 1,411,895 common shares, 26,523 Class A preferred shares and 5,123 Class
B preferred shares.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">Common
shares were the only class of shares with voting rights.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">Class
A preferred shares had the following characteristics: (i) do not grant voting rights at the shareholders meetings; (ii) the right to
receive an amount, as dividend, per share equal to 17.7 times the amount received per common share; and (iii) were convertible into common
shares at the ratio of 1 preferred share for 17.7 common shares in the situations described in the Shareholders Agreement.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">Class
B preferred shares had no voting rights and had priority in capital reimbursement in case of liquidation of the Company, with no premium.
Class B preferred shares were convertible into common shares at the ratio of 1 Class B preferred share for 1 common share, in certain
situations.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">On
April 26, 2018, the shareholders approved a capital increases of (i) R$55,000 through the issuance of 124,994 common shares; and (ii)
R$ 11,670 through the issuance of 26,523 Class A preferred shares.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">On
August 31, 2018, the Board of Directors approved a capital increase of R$1,304 through the issuance of 5,123 Class B preferred shares.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">On
December 4, 2018, the shareholders approved a capital increase of R$99,999 through the issuance of 137,298 common shares.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">On
December 31, 2018, the shareholders approved a capital increase of R$ 80,541 with earnings reserves and retained earnings without an
issuance of new shares.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">On
March 8, 2019, the shareholders of Afya Brazil approved a renounce of dividends for the year ended December 31, 2016 of R$4,107; and
an increase of capital through the issuance of 37,200 common shares, in the amount of R$ 0.01, subscribed entirely by the shareholders
BR Health and certain members of the Esteves Family.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">On
March 12, 2019, the shareholders of Afya Brazil approved amongst other matters: (i) the change in its legal name to Afya Participa&#231;&#245;es
S.A.; (ii) a capital increase through the issuance of 156,337 common shares, in the amount of R$ 150,000, subscribed entirely by BR Health;
and (iii) the propose to repurchase 160,000 common shares issued by the Company, at the acquisition price of R$ 206.25 per share, in
the total amount of R$33,001, all held by the shareholder Nicolau Carvalho Esteves. The Company's common shares object of the repurchase
approved were immediately canceled by the Company, without reduction of its share capital.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">On
March 29, 2019, Afya Brazil issued 378,696 common shares to the shareholders of BR Health and Guardaya, and had a capital increase of
R$ 122,062 and an additional paid-in capital of R$ 137,051.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">In
June 2019, Afya Brazil&#8217;s shareholders approved an increase of capital through the issuance of 157,202 common shares in exchange
of the acquisitions of FASA, IESP and Univa&#231;o minority interests, in the total amount of R$ 24,310.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">On
June 18, 2019, the shareholders of Afya Brazil approved an increase of capital through the issuance of 27,211 common shares in exchange
of the acquisition of an addition 15% interest at UEPC, in the total amount of R$ 24,458, subscribed entirely by the shareholder Bozano
Educacional II Fundo de Investimento em Participa&#231;&#245;es Multiestrat&#233;gia.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">In
addition to the capital increase related to the acquisition of the non-controlling interests of FASA, IESP and Univa&#231;o and the interest
in UEPC, the Company had an additional paid-in capital of R$ 36,358.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>c.
Dividends (Afya Brazil)</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
March 8, 2019, the shareholders of Afya Brazil approved the cancellation of dividends for the year ended December 31, 2016 of R$4,107.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">On
June 13, 2019, Afya Brazil approved the payment of interim dividends totaling R$ 38,000 to Afya Brazil shareholders of record on June
13, 2019. The dividend amount was determined based on the Afya Brazil&#8217;s net income for the five months ended May 31, 2019 and were
paid on September 26, 2019. Afya and its public shareholders were not entitled to receive such dividends.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">In
2020, CCSI and IESVAP approved the payment of interim dividends totaling R$12,984 of which R$8,392 and R$4,592 was distributed to IESVAP
and CCSI&#8217;s non-controlling shareholders, respectively. The dividends were already paid.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"><b>d. Buy-back program</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On December 23, 2020, the Company announced that its Board of Directors
has approved a share buy-back program. Under the share buyback program, Afya may repurchase up to 1,015,844 of its outstanding Class
A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning
on December 24, 2020 continuing until the earlier of the completion of the repurchase or December 31, 2021, depending upon market conditions.&#160;&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The share buy-back program will take place in accordance with the conditions
established by the Board of Directors. Afya intends to repurchase the shares to execute the Stock Option Program for the executives of
the Company. Afya&#8217;s Board of Directors will review the share buy-back program periodically and may authorize adjustments to its
terms and size or suspend or discontinue the program. Afya expects to utilize its existing funds to fund the repurchase of its shares.
As of the issuance date of these financial statements and during the first months of 2021, the Company had repurchased 521,117 shares
at the weighted average price of R$ 124.15 (in Brazilian Reais) or US$ 22.51.</p><span></span>
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<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>17 Earnings per share (EPS)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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  <tr style="vertical-align: top">
    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>17</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Earnings per share (EPS)</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Basic
EPS is calculated by dividing net income attributable to the equity holders of the Company by the weighted average number of common and
preferred shares outstanding during the year.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Diluted
EPS is calculated by dividing net income attributable to the equity holders of the parent by the weighted average number of common shares
outstanding during the year plus the weighted average number of shares that would be issued on conversion of all potential shares with
dilutive effects.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Diluted
earnings per share are computed including stock options granted to key management using the treasury shares method when the effect is
dilutive. The Company has the stock option plan in the category of potentially dilutive shares.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
following table reflects the net income and share data used in the basic and diluted EPS calculations:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
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    <td style="width: 55%; text-align: justify; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 18%; text-align: right; padding-left: 0.5in; padding-right: 5.4pt; text-indent: 1pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 12%; text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2018*</b></font></td></tr>
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    <td style="text-align: justify; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Numerator</b></font></td>
    <td style="text-align: justify; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: justify; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: justify; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">292,075</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">153,916</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">86,353</font></td></tr>
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    <td style="text-align: justify; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Denominator</b></font></td>
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    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">92,683,848</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">75,969,797</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">46,936,064</font></td></tr>
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    <td style="padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Effects of dilution from
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    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">951,920</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">221,846</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">840,700</font></td></tr>
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    <td style="vertical-align: bottom; text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">93,635,768</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">76,191,643</font></td>
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    <td style="text-align: justify; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="text-align: justify; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Basic
    earnings per share (R$)</font></td>
    <td style="vertical-align: top; text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3.15</font></td>
    <td style="vertical-align: top; text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;2.03
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    <td style="vertical-align: top; text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1.84</font></td></tr>
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    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Diluted
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<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">*
Considers the effects from the contribution of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya
Brazil contributed to Afya.</font></p><span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for earnings per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2020-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2020-en-r&amp;doctype=Standard&amp;dita_xref=IAS33_g70-73A_TI<br> -URIDate 2020-01-01<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550586920328">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>18 Revenue<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>18</b></font></td>
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<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(11,104)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(8,523)</font></td>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(7,462)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(1,801)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(49,629)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(28,157)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(24,239)</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 30.25pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">&#160;&#160;PROUNI</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(107,979)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(61,138)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(15,930)</font></td></tr>
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    revenue from contracts with customers</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>1,201,191</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>750,630</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>333,935</b></font></td></tr>
  <tr style="background-color: white">
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">1,128,558</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">713,827</font></td>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">72,633</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">36,803</font></td>
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<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(*)
As mentioned in Note 1, the Company assessed, in connection with the social distancing requirements, whether it has satisfied all performance
obligations of its contracts with customers, according to IFRS15, and concluded it was necessary to defer a portion of it&#8217;s net
revenues in the second semester of 2020. As result, R$2,361 of net revenue were deferred to the first semester of 2021 and recorded in
advances from customers.</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
Company&#8217;s revenues from contracts with customers are all in Brazil. The Company is not subject to the payment of the social integration
program tax (Programa de Integra&#231;&#227;o Social, or PIS) and the social contribution on revenues tax (Contribui&#231;&#227;o para
o Financiamento da Seguridade Social, or COFINS) on the sale of undergraduation degrees under the PROUNI program.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
following table presents statements of income for the Company&#8217;s operating segments for the years ended December 31, 2020 and
2019:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Revenue
by segment</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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    <td style="border-bottom: black 1pt solid; width: 15%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
    Unit 1</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
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    <td style="border-bottom: black 1pt solid; width: 17%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Elimination
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    <td style="border-bottom: black 1pt solid; width: 13%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,002,461</b></font></td>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">997,055</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">107,197</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,104,252</font></td></tr>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">93,152</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,619)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">96,939</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
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    of revenue recognition</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,002,461</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>200,349</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(1,619)</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,201,191</b></font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Transferred
    over time</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">997,055</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">131,503</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,128,558</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
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    at a point in time</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">5,406</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">68,846</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,619)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">72,633</font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
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    &#8211; December 31, 2019</b></font></td>
    <td style="width: 1%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 14%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
    Unit 1</b></font></td>
    <td style="width: 1%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 14%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
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    <td style="width: 1%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 17%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Elimination
    (inter-segment transactions)</b></font></td>
    <td style="width: 1%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 11%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
  <tr>
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Types
    of services or goods</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>653,760</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>100,750</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(3,880)</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>750,630</b></font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Tuition
    fees</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">648,957</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">60,195</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">709,152</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,803</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">40,555</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(3,880)</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">41,478</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Timing
    of revenue recognition</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>653,760</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>100,750</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(3,880)</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>750,630</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Transferred
    over time</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">648,957</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">64,870</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">713,827</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Transferred
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    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">35,880</font></td>
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</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550588222744">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>19 Expenses and cost by nature<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ExpensesAndCostByNatureAbstract', window );"><strong>Expenses And Cost By Nature</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfExpensesByNatureExplanatory', window );">Expenses and cost by nature</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>19</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Expenses and cost by nature</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 56%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 16%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2019</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2018</b></font></td></tr>
  <tr>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Cost
    of services</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(434,654)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(308,853)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(168,052)</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">General
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    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(402,855)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(239,120)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(70,034)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Total</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(837,509)</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(547,973)</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(238,086)</b></font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Payroll</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(446,473)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(324,252)
    </font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(156,623)</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Hospital
    and medical agreements</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(37,988)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(16,429)
    </font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(10,209)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation
    and amortization</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(108,744)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(73,152)
    </font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(9,078)</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Rent</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(2,555)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(4,494)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(20,302)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Commercial
    expenses</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(1,488)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(1,363)
    </font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(362)</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Utilities</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(5,892)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(6,628)
    </font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(2,701)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Maintenance</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(20,746)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(8,658)
    </font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(2,373)</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Share-based
    compensation</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(32,610)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(18,114)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(2,161)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Tax
    expenses</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(5,326)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(2,696)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(828)</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Pedagogical
    services</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(24,037)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(6,271)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(4,212)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(16,873)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(11,603)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(3,532)</font></td></tr>
  <tr style="background-color: white">
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    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(32,081)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(15,040)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(7,714)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Travel
    expenses</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(4,550)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(7,054)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(1,816)</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Consulting
    fees</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(31,276)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(13,060)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(7,245)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(66,870)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(39,159)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(8,930)</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Total</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(837,509)</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(547,973)</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(238,086)</b></font></td></tr>
  </table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of expenses by nature. [Refer: Expenses, by nature]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550588373000">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>20 Finance result<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinanceResultAbstract', window );"><strong>Finance Result</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory', window );">Finance result</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: bold 14pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>20</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Finance result</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 57%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 5.6pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2018</b></font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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    from financial investments</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">24,479</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">25,965</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,680</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Changes
    in fair value of derivative instruments</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 0.3pt; padding-right: 5.4pt; text-indent: -0.3pt"><font style="font: 10pt Times New Roman, Times, Serif">20,739</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,219</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest
    received</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 0.3pt; padding-right: 5.4pt; text-indent: -0.3pt"><font style="font: 10pt Times New Roman, Times, Serif">11,876</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">9,680</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,364</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Foreign
    exchange differences</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 0.3pt; padding-right: 5.4pt; text-indent: -0.3pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">13,321</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">5,196</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,723</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">165</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Finance
    income</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>62,290</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>51,689</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>10,428</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: bottom; background-color: white">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Change
    in fair value of derivative instruments</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,780)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest
    expense</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(25,543)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(24,002)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,404)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest
    expense on lease liabilities</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(44,458)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(31,469)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
    discounts granted</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(8,081)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(923)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,063)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Bank
    fees</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(6,333)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,876)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,219)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Foreign
    exchange differences</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,613)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,697)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">IOF
    taxes (taxes on financial transactions)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,661)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(6,801)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(355)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(7,580)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,514)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(416)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Finance
    expenses</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(98,269)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(72,365)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(8,154)</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Finance
    result</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(35,979)</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(20,676)</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,274</b></font></td></tr>
  </table><span></span>
</td>
</tr>
</table>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of finance income (cost). [Refer: Finance income (cost)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587584360">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>21 Income taxes<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncomeTaxesAbstract', window );"><strong>Income Taxes</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIncomeTaxExplanatory', window );">Income taxes</a></td>
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  <tr style="vertical-align: top">
    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>21</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Income taxes</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Income
taxes are comprised of taxation over operations in Brazil, related to Corporate Income Tax ("IRPJ") and Social Contribution on Net Profit
("CSLL"). According to Brazilian tax legislation, income taxes and social contribution are assessed and paid by legal entity and not
on a consolidated basis.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Reconciliation
of income taxes expense</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
following is a reconciliation of income tax expense to profit (loss) for the year, calculated by applying the combined Brazilian statutory
rates at 34% for the years ended December 31, 2020, 2019 and 2018:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 61%; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 12%; vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2019</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 12%; vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2018</b></font></td></tr>
  <tr>
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Income
    before income taxes</b></font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>335,054</b></font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>186,937</b></font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>98,722</b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Combined
    statutory income taxes rate - %</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">34%</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">34%</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">34%</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Income
    taxes at statutory rates</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(113,918)</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(63,559)</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(33,565)</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Reconciliation
    adjustments:</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Tax
    effect on loss from entities not subject to taxation</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(8,474)</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(1,265)</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">PROUNI
    - Fiscal Incentive (a)</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">120,851</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">73,397</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">30,564</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Unrecognized
    deferred tax assets</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(41,319)</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(19,342)</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Presumed
    profit income tax regime effect (b)</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(2,640)</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">351</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Permanent
    adjustments</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">2,567</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Tax
    effect over pre-acquisition losses</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">13,893</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Other</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">1,973</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(3,757)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(987)</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Income
    taxes expense &#8211; current</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(27,067)</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(14,175)</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(3,988)</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Effective
    rate</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">8.08%</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">7.58%</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">4.04%</font></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 9pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 9pt; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 18pt"><font style="font: 10pt Times New Roman, Times, Serif">(a)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">The Company adhered to PROUNI, established by Law 11,096
    / 2005, which is a federal program that exempt companies of paying income taxes and social contribution.</font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"></p>
<table cellspacing="0" cellpadding="0" style="font: 9pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 9pt; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 18pt"><font style="font: 10pt Times New Roman, Times, Serif">(b)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Brazilian tax law establishes that companies that generate
    gross revenues of up to R$ 78,000 in the prior fiscal year may calculate income taxes as a percentage of gross revenue, using the
    presumed profit income tax regime. The Company adopted this tax regime and the effect of the presumed profit of subsidiaries represents
    the difference between the taxation based on this method and the amount that would be due based on the statutory rate applied to
    the taxable profit of the subsidiaries.</font></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">Deferred
income taxes</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2020, the Company had unrecognized deferred income tax assets on temporary differences and tax losses in the amount of
R$ 214,387 (tax basis) (R$ 96,627 (tax basis) as of December 31, 2019) which does not have any tax planning opportunities available that
could support the recognition of these temporary differences as deferred tax assets. Accordingly, the Company did not recognize deferred
tax assets.</font></p><span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;doctype=Standard&amp;dita_xref=IAS12_g79-88_TI<br> -URIDate 2020-01-01<br></p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598812040">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>22 Insurance contracts and contingencies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInsuranceContractsExplanatory', window );">Insurance contracts and contingencies</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
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    <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b>22</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Insurance contracts and contingencies</b></font></td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
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    <td style="font: 10pt Times New Roman, Times, Serif; width: 14.2pt"><font style="font: normal 10pt Times New Roman, Times, Serif">a)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font: normal 10pt Times New Roman, Times, Serif"><i>Insurance
    contracts</i></font></td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
Company and its subsidiaries have a risk management program with the purpose of delimiting the risks, seeking in the market coverage
compatible with its size and operations.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; color: rgb(192,0,0); margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
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    <td style="font: 10pt Times New Roman, Times, Serif; width: 14.2pt"><font style="font: normal 10pt Times New Roman, Times, Serif">b)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font: normal 10pt Times New Roman, Times, Serif"><i>Legal
    proceedings and contingencies</i></font></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
provisions related to labor and civil proceedings whose likelihood of loss is assessed as probable are as follows:</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
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    <td style="font: 10pt Times New Roman, Times, Serif; width: 43%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 12%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Labor</b></font></td>
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    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Taxes</b></font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Balances
    as of December 31, 2017</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>297</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,423</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,720</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,089</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,089</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">13</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">13</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Reversals</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(166)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(191)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(357)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Balances
    as of December 31, 2018</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,233</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,232</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3,465</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3,301</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,071</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,372</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">737</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,508</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,245</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Reversals</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(3,770)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,043)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,813)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Balances
    as of December 31, 2019</b></font></td>
    <td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,501</b></font></td>
    <td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,768</b></font></td>
    <td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>5,269</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,741</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,348</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">27,487</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">32,576</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions*</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">562</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10,869</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">7,853</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">19,284</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Reversals</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,285)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,705)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(3,990)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Balances
    as of December 31, 2020</b></font></td>
    <td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>4,519</b></font></td>
    <td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>13,280</b></font></td>
    <td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>35,340</b></font></td>
    <td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>53,139</b></font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font-weight: normal">*The total amount of R$ 9,940 are related to legal proceedings
attributed to the selling shareholders administration. The same amount was recorded as indemnification assets in the balance sheet in
other assets.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;<font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">There
are other civil, labor, taxes and social security proceedings assessed by Management and its legal counsels as possible risk of loss,
for which no provisions are recognized, as follows:</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 62%; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Labor</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,318</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3,570</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Civil</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">59,969</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">39,135</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Taxes
    and social security</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,375</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">7,583</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td>
    <td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>66,662</b></font></td>
    <td style="border-bottom: black 1.5pt double; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>50,288</b></font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
Company has judicial deposits recorded in other assets (non-current) in the amount of R$ 1,451 as of December 31, 2020 (R$ 804 as of
December 31, 2019).</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Under
the terms of the Share Purchase and Sale Agreements ("Agreements") between the Company and the selling shareholders of the subsidiaries
acquired, the Company assesses that the selling shareholders are exclusively responsible for any provisions (including labor, tax and
civil), which are or will be the subject of a claim by any third party, arising from the act or fact occurred, by action or omission,
prior to or on the closing dates of the acquisitions.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Accordingly,
and considering that the provisions for legal proceedings recorded by the Company that result from causes arising from events occurring
prior to the closing dates of the acquisitions, any liability for the amounts to be disbursed, in case of their effective materialization
in loss, belongs exclusively to the selling shareholders. In this context, the Agreements state that the Company and its subsidiaries
are indemnified and therefore exempt from any liability related to said contingent liabilities and, therefore, the provision amounts
related to such contingencies are presented in the non-current liabilities and the correspondent amount of R$ 53,499 as of December 31,
2020 (December 31, 2019: R$ 6,690) is presented in non-current other assets.</font></p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2021-01-01<br> -Name IFRS<br> -Number 4<br> -IssueDate 2020-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2020-en-b&amp;doctype=Standard&amp;book=b&amp;dita_xref=IFRS04_g36-39M_TI<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2021-01-01<br> -Name IFRS<br> -Number 17<br> -IssueDate 2020-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2020-en-r&amp;doctype=Standard&amp;dita_xref=IFRS17_g93-132_TI<br> -URIDate 2020-01-01<br></p></div>
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of cash flows. The main non-cash transactions were the business combinations of Guardaya in March 2019 and IPTAN and IESVAP in 2018,
and issuance of shares for the acquisition of PEBMED in 2020; and additions and remeasurements of right-of-use assets and lease liabilities
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of disclosure noncash transactions.</p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550646929080">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>24 Subsequent events<br></strong></div></th>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"><b>a) Acquisition of
iClinic</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On October 9, 2020, Afya Brazil entered into an agreement for the acquisition
of 100% of the share capital of iClinic (comprised by iClinic Participa&#231;&#245;es S.A., iClinic Desenvolvimento de Software Ltda. and
Black River Brazil Participa&#231;&#245;es S.A.). iClinic is a SaaS model physician focused technology company and the leading medical
practice management software in Brazil. iClinic empower doctors to be more independent and have more control over their careers by digitalizing
their daily routine, so they can increase their productivity and deliver better healthcare services. With the acquisition of iClinic to
our platform Afya will make another step to become the one stop shop for physicians in Brazil.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The acquisition was concluded on January 21, 2021. The aggregate net
purchase price is R$182,656: (i) 61.5% is payable in cash, and (ii) 38.5% is payable with Afya's shares on the transaction closing date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The acquisition date fair value of each major class of consideration,
including the allocation of the purchase price has not been completed by the Company as of the issuance date of these financial statements.
The impact on revenue and profit or loss of the combined entity for the current reporting period as if the acquisition date had been as
of the beginning of the annual reporting period is not available as the Company did not conclude this acquisition by December 31, 2020.
Therefore, these financial statements do not include this information. All the precedent conditions were satisfied and this acquisition
was closed on January 21, 2021. The transaction costs to date amounted to R$ 421. Any goodwill generated in the transaction is not expected
to be deductible for tax purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"><b>b) Acquisition of
Medicinae</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On March 25, 2021, Afya Brazil concluded the acquisition of 100% of
the total share capital of Medicinae Solutions S.A., a leading Brazilian healthcare technology company that specializes in healthcare
payments and financial services.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The acquisition will expand Afya&#8217;s digital health services, as
it offers a unique financial platform that allows healthcare professionals all over Brazil to manage receivables in an efficient and scalable
way using FIDC (Receivables Investment Fund). Medicinae relieves a number of challenges in the healthcare payments industry, as reduces
long payment cycles for professionals and consolidates financial information, improving the consumer financial experience.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">The aggregate purchase price is&#160;R$ 5,600
of which 100% was paid in cash on the transaction closing date. An earn-out of R$ 4,400 is payable in connection with product development
goals for 2021 and revenue achievements for 2022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The acquisition date fair value of each major class of consideration,
including the allocation of the purchase price has not been completed by the Company as of the issuance date of these financial statements.
The impact on revenue and profit or loss of the combined entity for the current reporting period as if the acquisition date had been as
of the beginning of the annual reporting period is not available as the Company did not conclude this acquisition by December 31, 2020.
Therefore, these financial statements do not include this information. The transaction costs to date amounted to R$ 169. Any goodwill
generated in the transaction is not expected to be deductible for tax purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"><b>c) Acquisition of
Medical Harbour </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On April 8, 2021, Afya Brazil acquired 100% of the total share capital
of Medical Harbour Aparelhos M&#233;dico Hospitalares e Servi&#231;os em Tecnologia Ltda. through its wholly-owned subsidiary Afya Brazil.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Medical Harbour offers educational health and
medical imaging solutions through an interactive platform for anatomical study, 3D virtual dissection and analysis of medical images,
which allow the exploration, and knowledge of human anatomy with digital resources.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">The aggregate purchase price is&#160;R$ 5,000
of which 100% was paid in cash on the transaction closing date. An earn-out of R$ 9,000 is payable in connection with product development
goals for 2021 and 2022 and revenue achievements for 2023.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">The acquisition date fair value of each major
class of consideration, including the allocation of the purchase price has not been completed by the Company as of the issuance date of
these financial statements. The impact on revenue and profit or loss of the combined entity for the current reporting period as if the
acquisition date had been as of the beginning of the annual reporting period is not available as the Company did not conclude this acquisition
by December 31, 2020. Therefore, these financial statements do not include this information. The transaction costs to date amounted to
R$ 48. Any goodwill generated in the transaction is not expected to be deductible for tax purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt"><b>d) Acquisition of
Cliquefarma</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: #c00000; text-indent: -10.9pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On April 16, 2021, Afya Brazil acquired 100% of the total share capital
of Cliquefarma Drogarias Online Ltda., a healthtech company operating a free-to-use website that tracks prescription drugs, cosmetics
and personal hygiene product prices in Brazil.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Users of Cliquefarma can easily search for
medications or healthcare products and compare prices from over 5,000 pharmacies in Brazi. The traffic generated is monetized through
a cost-per-click model, where drugstores pay for each click on their advertisements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">The aggregate purchase price is&#160;R$ 19,165
of which R$16,165 was paid in cash on the transaction closing date and R$3,000 was paid in Afya&#8217;s stocks. An earn-out of R$ 3,000
is payable in connection with product developments for 2021.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">The acquisition date fair value of each major
class of consideration, including the allocation of the purchase price has not been completed by the Company as of the issuance date
of these financial statements. The impact on revenue and profit or loss of the combined entity for the current reporting period as if
the acquisition date had been as of the beginning of the annual reporting period is not available as the Company did not conclude this
acquisition by December 31, 2020. Therefore, these financial statements do not include this information. The transaction costs to date
amounted to R$ 22. Any goodwill generated in the transaction is not expected to be deductible for tax purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"><b>e) Investment
from the SoftBank Latin America Fund</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On April 26, 2021, SoftBank Latin America Fund&#160;(&#8220;SoftBank&#8221;)
agreed to purchase&#160;approximately R$822,000, equivalent to&#160;US$150,000,&#160;of Afya&#8217;s Series A perpetual convertible preferred
shares, subject to customary closing conditions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The key terms of the perpetual convertible preferred shares are: (i)
6.5% per annum cumulative dividend payable quarterly and in Brazilian reais (payable in U.S. Dollar in Brazilian reais equivalent); (ii)
SoftBank shall have the right at any time, to convert its Series A Preference Shares into 5,917,888 common shares, established at US$25.35;
(iii) SoftBank shall have the right to redeem any time after the 5th year anniversary at 105% premium; and (iv) Afya will have the right
to force conversion after the 3rd year anniversary if forced conversion trigger conditions are satisfied.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SoftBank and its affiliates
will beneficially own approximately 8.4% of the total shares of the company (on an as-converted basis for the Series A perpetual convertible
preferred shares).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.9pt; color: rgb(192,0,0); text-indent: -10.9pt"><b>f) Share-based compensation </b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In January 2021, 545,000 additional stock options were granted, with an exercise price
of R$115 (in Brazilian Reais). These stock options will vest in five annual installments.</p>

<p style="font: 11pt Arial,sans-serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In March 2021, 65,000 additional stock options were granted, with an exercise price
of R$105 (in Brazilian Reais). These stock options will vest in five annual installments.</p>

<p style="font: 11pt Arial,sans-serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In April 2021, 139,000 additional stock options were granted, with an exercise price
of R$105 (in Brazilian Reais). These stock options will vest in five annual installments.</p><span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for events after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 10<br> -IssueDate 2020-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=10&amp;code=ifrs-tx-2020-en-r&amp;doctype=Standard&amp;dita_xref=IAS10_g17-22_TI<br> -URIDate 2020-01-01<br></p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550588369352">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>2 Significant accounting policies (Policies)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesAbstract', window );"><strong>Significant Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BusinessCombinationsAndGoodwillPolicyExplanatory', window );">Business combinations and goodwill</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>a)
Business combinations and goodwill </b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Business
combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration
transferred, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each
business combination, the Company elects whether to measure the non-controlling interests in the acquiree at fair value or at the proportionate
share of the acquiree&#8217;s identifiable net assets. Acquisition-related costs are expensed as incurred and included in general and
administrative expenses.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">When
the Company acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation
in accordance with the contractual terms, economic circumstances and pertinent conditions as of the acquisition date.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Goodwill
is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling
interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). If the fair value of the
net assets acquired is in excess of the aggregate consideration transferred, the Company re-assesses whether it has correctly identified
all of the assets acquired and all of the liabilities assumed and reviews the procedures used to measure the amounts to be recognized
at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration
transferred, then the gain is recognized in the consolidated statement of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">After
initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill
acquired in a business combination is, from the acquisition date, allocated to each of the Company&#8217;s cash-generating units that
are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquire are assigned to those
units.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Where
goodwill has been allocated to a cash-generating unit (CGU) and part of the operation within that unit is disposed of, the goodwill associated
with the disposed operation is included in the carrying amount of the operation when determining the gain or loss on disposal. Goodwill
disposed in these circumstances is measured based on the relative values of the disposed operation and the portion of the cash-generating
unit retained.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CurrentVersusNoncurrentClassificationPoliciesExplanatory', window );">Current versus non-current classification</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>b)
Current versus non-current classification</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company presents assets and liabilities in the statement of financial position based on current/non current classification. An asset
is current when it is:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Expected to be realized or intended to be sold or consumed
    in the normal operating cycle;</font></td></tr>
  </table>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Held primarily for the purpose of trading;</font></td></tr>
  </table>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
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    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Expected to be realized within twelve months after
    the reporting period; or</font></td></tr>
  </table>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
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    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Cash or cash equivalent unless restricted from being
    exchanged or used to settle a liability for at least twelve months after the reporting period.</font></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">All
other assets are classified as non-current.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">A
liability is current when:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">It is expected to be settled in the normal operating
    cycle;</font></td></tr>
  </table>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">It is held primarily for the purpose of trading;</font></td></tr>
  </table>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">It is due to be settled within twelve months after
    the reporting period; or</font></td></tr>
  </table>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">There is no unconditional right to defer the settlement
    of the liability for at least twelve months after the reporting period.</font></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company classifies all other liabilities as non-current.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Deferred
tax assets and liabilities are classified as non-current assets and liabilities.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory', window );">Fair value measurement</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>c)
Fair value measurement</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company measures derivative financial instruments at fair value at each balance sheet date as disclosed in Note 12.3.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Fair
value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants
at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the
liability takes place either: (i) in the principal market for the asset or liability; or (ii) in the absence of a principal market, in
the most advantageous market for the asset or liability.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
principal or the most advantageous market must be accessible by the Company.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or
liability, assuming that market participants act in their economic best interest.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">A
fair value measurement of a non-financial asset takes into account a market participant's ability to generate economic benefits by using
the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best
use.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair
value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">All
assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value
hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Level 1 &#8212; Quoted (unadjusted) market prices in
    active markets for identical assets or liabilities.</font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Level 2 &#8212; Valuation techniques for which the
    lowest level input that is significant to the fair value measurement is directly or indirectly observable.</font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#149;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Level 3 &#8212; Valuation techniques for which the
    lowest level input that is significant to the fair value measurement is unobservable.</font></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">For
assets and liabilities that are recognized in the financial statements at fair value on a recurring basis, the Company determines whether
transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant
to the fair value measurement as a whole) at the end of each reporting period.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">At
each reporting date, the Company analyzes the movements in the values of assets and liabilities which are required to be remeasured or
re-assessed as per the Company&#8217;s accounting policies. For this analysis, the Company verifies the major inputs applied in the latest
valuation by agreeing the information in the valuation computation to contracts and other relevant documents.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company also compares the change in the fair value of each asset and liability with relevant external sources to determine whether the
change is reasonable.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">For
the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of the nature, characteristics
and risks of the asset or liability and the level of the fair value hierarchy, as explained above.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialInstrumentsInitialRecognitionAndMeasurementPolicyExplanatory', window );">Financial instruments - initial recognition and measurement</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>d)
Financial instruments &#8211; initial recognition and measurement</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">A
financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument
of another entity.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-bottom: 0px; color: rgb(192,0,0); margin-left: 14.2pt; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 14.15pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>i)</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Financial assets</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Initial
recognition and measurement</i></font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">The
classification of financial assets at initial recognition depends on the financial asset&#8217;s contractual cash flow characteristics
and the Company&#8217;s business model for managing them. With the exception of trade receivables that do not contain a significant financing
component or for which the Company has applied the practical expedient, the Company initially measures a financial asset at its fair
value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Trade receivables that do not
contain a significant financing component or for which the Company has applied the practical expedient, are measured at the transaction
price determined under IFRS 15.</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">In
order for a financial asset to be classified and measured at amortized cost or fair value through OCI (Other Comprehensive Income), it
needs to give rise to cash flows that are &#8220;solely payments of principal and interest (SPPI)&#8221; on the principal amount outstanding.
This assessment is referred to as the SPPI test and is performed at an instrument level.</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">The
Company&#8217;s business model for managing financial assets refers to how it manages its financial assets in order to generate cash
flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets,
or both.</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Purchases
or sales of financial assets that require delivery of assets within a time frame established by regulation or convention in the market
place (regular way trades) are recognized on the trade date, i.e., the date that the Company commits to purchase or sell the asset.</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Subsequent
measurement</i></font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">For
purposes of subsequent measurement, financial assets are classified as: financial assets at amortized cost or financial assets at fair
value through profit or loss. There is no financial assets designated as fair value through OCI.</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Financial
assets at amortized cost</i></font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">The
Company measures financial assets at amortized cost if both of the following conditions are met:</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;
The financial asset is held within a business model with the objective to hold financial assets in order to collect contractual cash
flows, and&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;
The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest
on the principal amount outstanding.</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
assets at amortized cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and
losses are recognized in the statement of income when the asset is derecognized, modified or impaired.</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Financial
assets at fair value through profit or loss</i></font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition
at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified
as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated
embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial
assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit
or loss, irrespective of the business model.</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair
value recognized in the statement of income. This category includes derivative instruments.</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Derecognition</i></font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">A
financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized
(i.e., removed from the Company&#8217;s statement of financial position) when:</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;
The rights to receive cash flows from the asset have expired; or&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;
The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows
in full without material delay to a third party under a &#8216;pass-through&#8217; arrangement; and either (a) the Company has transferred
substantially all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks
and rewards of the asset, but has transferred control of the asset.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">When
the Company has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates
if, and to what extent, it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially
all of the risks and rewards of the asset, nor transferred control of the asset, the Company continues to recognize the transferred asset
to the extent of its continuing involvement. In that case, the Company also recognizes an associated liability. The transferred asset
and the associated liability are measured on a basis that reflects the rights and obligations that the Company has retained.</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Continuing
involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of
the asset and the maximum amount of consideration that the Company could be required to repay.</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Impairment
of financial assets</i></font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Further
disclosures relating to impairment of financial assets are also provided in the following notes:</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;
Significant accounting estimates and assumptions &#8211; Note 3&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;
Trade receivables &#8211; Note 7</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">The
Company recognizes an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss.
ECLs are based on the difference between the contractual cash flows due in accordance with the contract and the cash flows the Company
expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash
flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">For
trade receivables, the Company applies a simplified approach in calculating ECLs. Therefore, the Company does not track changes in credit
risk, but instead recognizes an allowance for credit losses based on lifetime ECLs at each reporting date. The Company has established
a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors
and the economic environment.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">The
Company considers a financial asset to be in default when internal or external information indicates that the Company is unlikely to
receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Company. A financial
asset is written off when there is no reasonable expectation of recovering the contractual cash flows.<br style="clear: both" /></font></p>

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  <tr style="vertical-align: top">
    <td style="width: 14.15pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>ii)</b></font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Financial liabilities</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Initial
recognition and measurement</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings,
payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">All
financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable
transaction costs.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">The
Company&#8217;s financial liabilities include trade payables, loans and financing and accounts payable to selling shareholders.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Subsequent
measurement</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">The
measurement of financial liabilities depends on their classification, as described below:</font></p>

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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Financial
liabilities at fair value through profit or loss</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated
upon initial recognition as at fair value through profit or loss.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term. This category also
includes derivative financial instruments entered into by the Company that are not designated as hedging instruments in hedge relationships
as defined by IFRS 9. Gains or losses on liabilities held for trading are recognized in the statement of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
liabilities designated upon initial recognition at fair value through profit or loss are designated at the initial date of recognition,
and only if the criteria in IFRS 9 are satisfied.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Loans
and borrowings</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">After
initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains and
losses are recognized in the statement of income when the liabilities are derecognized as well as through the EIR amortization process.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Amortized
cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR.
The EIR amortization is included as finance expenses in the statement of income.<br style="clear: both" /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Derecognition</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">A
financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an existing financial
liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability.
The difference in the respective carrying amounts is recognized in the statement of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Offsetting
of financial instruments</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
assets and financial liabilities are offset and the net amount is reported in the statement of financial position if there is a currently
enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, to realize the assets and
settle the liabilities simultaneously.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory', window );">Derivative financial instruments</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>e)
Derivative financial instruments</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company has derivative financial instruments related to cross-currency interest rate swaps in connection with a loan denominated in Euros.
Such derivative financial instruments are initially recognized at fair value on the date on which a derivative contract is entered into
and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair value is positive and as financial
liabilities when the fair value is negative.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Any
gains or losses arising from changes in the fair value of derivatives are recorded directly to finance result in the statement of income.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>f)
Cash and cash equivalents</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Cash
and cash equivalents in the statement of financial position comprise cash at banks and on hand, and short-term financial investments
with an original maturity of three months or less, which are subject to an insignificant risk of changes in value.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">For
the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term financial investments, as they are
considered an integral part of the Company&#8217;s cash management.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory', window );">Restricted cash</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>g)
Restricted cash</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Restricted
cash in the statement of financial position comprise of financial investments in investment funds that serve as collateral for loan agreements
and other commitments.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories', window );">Inventories</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>h)
Inventories</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Inventories
are valued at the lower of cost and net realizable value. The costs of inventories are based on the average cost method and include costs
incurred in the purchase of inventories and other costs incurred in bringing them to their current location and condition. Costs of purchased
inventory are determined after deducting any discounts and recoverable taxes.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory', window );">Property and equipment</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>i)
Property and equipment</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Property
and equipment is stated at cost, net of accumulated depreciation and accumulated impairment losses, if any.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Subsequent
expenditures are capitalized only if it is probable that the future economic benefits associated with the expenditure will flow to the
Company.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation
is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="width: 62%; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Building</font></td>
    <td style="width: 38%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">25
    years</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Machinery
    and equipment</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10
    years</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Vehicles</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4
    years</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Furniture
    and fixtures</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10
    years</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">IT
    equipment</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">5
    years</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Library
    books</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10
    years</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Laboratories
    and clinics</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10
    years</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Leasehold
    improvements</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">20
    years</font></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><br style="clear: both" /></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">An
item of property and equipment and any significant part initially recognized is derecognized upon disposal or when no future economic
benefit is expected from its use or disposal. Any gain or loss arising on the derecognition of the asset (calculated as the difference
between the net disposal proceeds and the carrying amount of the asset) is included in the statement of income when the asset is derecognized.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
residual values, useful lives and methods of depreciation of property and equipment are reviewed at each financial year end and adjusted
prospectively, if appropriate.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory', window );">Leases</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>j)
Leases</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Prior
to the adoption of IFRS 16, the determination of whether an arrangement is (or contains) a lease was based on the substance of the arrangement
at the inception of the lease. The arrangement is, or contains, a lease if fulfilment of the arrangement is dependent on the use of a
specific asset (or assets) and the arrangement conveys a right to use the asset (or assets), even if that asset is (or those assets are)
not explicitly specified in an arrangement.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">A
lease was classified at the inception date as a finance lease or an operating lease. A lease that transfers substantially all the risks
and rewards incidental to ownership to the Company was classified as a finance lease.<br style="clear: both" /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">An
operating lease is a lease other than a finance lease. The Company did not have leases classified as finance lease. Operating lease payments
were recognized as an operating expense in the statement of income on a straight-line basis over the lease term.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">As
from January 1, 2019, the determination of whether an arrangement is (or contains) a lease is based on the substance of the arrangement
at the inception of the contract. The arrangement is, or contains, a lease if fulfilment of the arrangement is dependent on the use of
a specific asset (or assets) and the arrangement conveys a right to use the asset (or assets), even if that asset is (or those assets
are) not explicitly specified in an arrangement.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">Company
as a lessee</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets.
The Company recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying
assets.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">Right-of-use
assets</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use).
Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement
of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred,
and lease payments made at or before the commencement date less any lease incentives received. Unless the Company is reasonably certain
to obtain ownership of the leased asset at the end of the lease term, the recognized right-of-use assets are depreciated on a straight-line
basis over the shorter of its estimated useful life and the lease term. Right-of use assets are subject to impairment.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">Lease
liabilities</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">At
the commencement date of the lease, the Company recognizes lease liabilities measured at the present value of lease payments to be made
over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable,
variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease
payments also include the exercise price of a purchase option reasonably certain to be exercised by the Company and payments of penalties
for terminating a lease, if the lease term reflects the Company exercising the option to terminate. The variable lease payments that
do not depend on an index or a rate are recognized as expense in the period on which the event or condition that triggers the payment
occurs.<br style="clear: both" /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">In
calculating the present value of lease payments, the Company uses the incremental borrowing rate at the lease commencement date if the
interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased
to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is
remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the
assessment to purchase the underlying asset.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">Short-term
leases and leases of low-value assets</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company applies the short-term lease recognition exemption to its short-term leases of properties (i.e., those leases that have a lease
term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets
recognition exemption to leases that are considered of low value. Lease payments on short-term leases and leases of low-value assets
are recognized as expense on a straight-line basis over the lease term.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory', window );">Intangible assets</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>k)
Intangible assets</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Intangible
assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination
is their fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated
amortization and accumulated impairment losses. Internally generated intangibles are not capitalized and the related expenditure is reflected
in the statement of income in the period in which the expenditure is incurred.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
useful lives of intangible assets are assessed as finite or indefinite.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Intangible
assets with finite lives are amortized over the useful economic life and assessed for impairment whenever there is an indication that
the intangible asset may be impaired.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at the end of
each reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied
in the asset are considered to modify the amortization period or method, as appropriate, and are treated as changes in accounting estimates.
The amortization expense on intangible assets with finite lives is recognized in the statement of income in the expense category that
is consistent with the function of the intangible assets.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Intangible
assets with indefinite useful lives are not amortized, but are tested for impairment annually, either individually or at the cash-generating
unit level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable.
If not, the change in useful life from indefinite to finite is made on a prospective basis.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">An
intangible asset is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or
loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount
of the asset) is included in the statement of income.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ImpairmentOfNonfinancialAssetsPolicyExplanatory', window );">Impairment of non-financial assets</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>l)
Impairment of non-financial assets</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any indication exists, or
when annual impairment testing for an asset is required, the Company estimates the asset&#8217;s recoverable amount. An asset&#8217;s
recoverable amount is the higher of an asset&#8217;s or CGU&#8217;s fair value less costs of disposal and its value in use. The recoverable
amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from
other assets or groups of assets. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered
impaired and is written down to its recoverable amount.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">In
assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects
current market assessments of the time value of money and the risks specific to the asset. In determining fair value less costs of disposal,
recent market transactions are taken into account. If no such transactions can be identified, an appropriate valuation model is used.
These calculations are corroborated by valuation multiples, quoted share prices for publicly traded companies or other available fair
value indicators.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company bases its impairment calculation on detailed budgets and forecast calculations, which are prepared separately for each of the
Company&#8217;s CGUs to which the individual assets are allocated. These budgets and forecast calculations generally cover a period of
five years, considering the companies activities and maturation period of its graduate and undergraduate courses. A long-term growth
rate is calculated and applied to project future cash flows after the last projected year.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">For
impairment testing, goodwill acquired through business combinations and licenses with indefinite useful lives are allocated to their
respective CGUs. The Company has defined each of its operating subsidiaries as a CGU.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Whenever
applicable, impairment losses of continuing operations are recognized in the statement of income in expense categories consistent with
the function of the impaired asset.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">For
assets excluding goodwill, an assessment is made at each reporting date to determine whether there is an indication that previously recognized
impairment losses no longer exist or have decreased. If such indication exists, the Company estimates the asset&#8217;s or CGU&#8217;s
recoverable amount. A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine
the asset&#8217;s recoverable amount since the last impairment loss was recognized. The reversal is limited so that the carrying amount
of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation,
had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the statement of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Goodwill
is tested for impairment annually as at December 31 and when circumstances indicate that the carrying value may be impaired.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Impairment
is determined for goodwill by assessing the recoverable amount of each CGU (or group of CGUs) to which the goodwill relates. When the
recoverable amount of the CGU is less than its carrying amount, an impairment loss is recognized. Impairment losses relating to goodwill
cannot be reversed in future periods.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Intangible
assets with indefinite useful lives are tested for impairment annually as at December 31 at the CGU level, as appropriate, and when circumstances
indicate that the carrying value may be impaired.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PolicyExplanatoryInvestments', window );">Investments</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>m)
Investments</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Investments
in associates are initially recognized at consideration transferred and adjusted thereafter for the equity method, being increased or
reduced from its interest in the investee's income after the acquisition date. An associate is an entity over which the Company has significant
influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee, but is
not control or joint control over those policies.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AccountsPayableToSellingShareholdersPolicyExplanatory', window );">Accounts payable to selling shareholders</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>n)
Accounts payable to selling shareholders</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">These
amounts represent liabilities related to the acquisitions made by the Company which are not yet due. Accounts payable to selling shareholders
are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognized initially
at their fair value and subsequently measured at amortized cost using the effective interest method.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory', window );">Provisions</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>o)
Provisions</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Provisions
are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the
amount of the obligation. The expense relating to a provision is presented in the statement of income, net of any reimbursement, when
applicable.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DividendsPayablePolicyExplanatory', window );">Dividends payable</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>p)
Dividends payable</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company recognizes a liability to pay a dividend when the distribution is authorized and the distribution is no longer at the discretion
of the Company. The distribution is authorized when it is required to pay a minimum dividend of the net income for the year in accordance
with the Brazilian Corporate Law (applicable for Afya Brazil) and the Company&#8217;s By-Laws or is approved by the shareholders. A corresponding
amount is recognized directly in equity.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsPolicyExplanatory', window );">Labor and social obligations</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>q)
Labor and social obligations</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Labor
and social obligations are expensed as the related service is provided. A liability is recognized for the amount expected to be paid
if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee
and the obligation can be estimated reliably.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SharebasedPaymentsPolicyExplanatory', window );">Share-based payments</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>r)
Share-based payments</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Certain
key executives of the Company receive remuneration in the form of share-based payments, whereby the executives render services as consideration
for equity instruments (equity-settled transactions).</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
expense of equity-settled transactions is determined by the fair value at the date when the grant is made using an appropriate valuation
model.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">That
expense is recognized in general and administrative expenses, together with a corresponding increase in equity, over the period in which
the service and, where applicable, the performance conditions are fulfilled (the vesting period). The cumulative expense recognized for
equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired
and the Company&#8217;s best estimate of the number of equity instruments that will ultimately vest. The expense or credit in the statement
of income for a period represents the movement in cumulative expense recognized as at the beginning and end of that period.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Service
and non-market performance conditions are not taken into account when determining the grant date fair value of awards, but the likelihood
of the conditions being met is assessed as part of the Company&#8217;s best estimate of the number of equity instruments that will ultimately
vest. Market performance conditions are reflected within the grant date fair value. Any other conditions attached to an award, but without
an associated service requirement, are considered to be non-vesting conditions. Non-vesting conditions are reflected in the fair value
of an award and lead to an immediate expensing of an award unless there are also service and/or performance conditions.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">No
expense is recognized for awards that do not ultimately vest because non-market performance and/or service conditions have not been met.
Where awards include a market or non-vesting condition, the transactions are treated as vested irrespective of whether the market or
non-vesting condition is satisfied, provided that all other performance and/or service conditions are satisfied.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">When
the terms of an equity-settled award are modified, the minimum expense recognized is the grant date fair value of the unmodified award,
provided the original vesting terms of the award are met. An additional expense, measured as at the date of modification, is recognized
for any modification that increases the total fair value of the share-based payment transaction, or is otherwise beneficial to the employee.
Where an award is cancelled by the entity or by the counterparty, any remaining element of the fair value of the award is expensed immediately
through the statement of income.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory', window );">Revenue from contracts with customers</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>s)
Revenue from contracts with customers</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><i>Tuition
fees and other revenue</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company's revenue consists primarily of tuition fees charged for medical courses and other courses. The Company also generates revenue
from tuition fees for other undergraduate courses, student fees, certain education-related activities and digital education content.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Revenues
are recognized when services are rendered to the customer and the performance obligation is satisfied.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Revenue
from tuitions, digital education content and mobile app subscription for digital medical content are recognized over time when services
are rendered to the customer and the Company satisfies its performance obligation under the contract at an amount that reflects the consideration
to which the Company expects to be entitled in exchange for those services. Revenues from tuitions are recognized net of scholarships
and other discounts, refunds and taxes.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Other
revenues are recognized at a point in time when the service is rendered to the customer at an amount that reflects the consideration
to which the Company expects to be entitled in exchange for the service. Other revenues are presented net of the corresponding discounts,
returns and taxes.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><i>Printed
books and e-books revenue are transferred at point in time</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Revenue
from sale of printed books and e-books are recognized at the point in time when control of the asset or services is transferred to the
customer, generally on delivery of the goods at the customer&#8217;s location and permission to access the digital content. The Company
considers whether there are other promises in the contract that are separate performance obligations to which a portion of the transaction
price needs to be allocated. In determining the transaction price for the printed books and e-books, the Company considers the effects
of variable consideration, financing component, noncash consideration, and consideration payable to the customer to be not significant.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company has concluded that it is the principal in its revenue arrangements.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
Company assesses collectability on a portfolio basis prior to recording revenue. Generally, students cannot re-enroll for the next academic
session without satisfactory resolution of any past-due amounts. If a student withdraws from an institution, the Company's obligation
to issue a refund depends on the refund policy at that institution and the timing of the student's withdrawal. Generally, the refund
obligations are reduced over the course of the academic term.<br style="clear: both" /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Trade
receivables </i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Trade
receivables represent the Company&#8217;s right to an amount of consideration that is unconditional (i.e., only the passage of time is
required before payment of the consideration is due). Refer to accounting policies of financial assets in Financial instruments &#8211;
initial recognition and subsequent measurement.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><i>Advances
from customers</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Advances
from customers (a contract liability) are the obligation to transfer services to a customer for which the Company has received consideration
(or an amount of consideration is due) from the customer, as a result of pre-paid tuition, digital education content and mobile app subscription
for digital medical content received from customers and is recognized separately in current liabilities, when the payment is received.
Advances from customers are recognized as revenue when the Company performs all obligations related to the contract, generally in the
following month.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TaxesPolicyExplanation', window );">Taxes</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>t)
Taxes</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">The
Company&#8217;s subsidiaries joined the PROUNI (<i>Programa Universidade para Todos &#8211; </i>University for All Program) program,
which is a federal program that exempts post-secondary institutions of some federal taxes in exchange for providing a certain number
of student enrollment for low income students, and benefits from the exemption of the following federal taxes:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Income
taxes and social contribution&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;&#160;&#160;&#160;&#160;&#160;&#160;&#160;PIS
and COFINS</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">The
regulation of PROUNI defines that the revenue from traditional and technological graduation activities is exempt from PIS and COFINS.
For income from other teaching activities, PIS and COFINS are charged at rates of 0.65% and 3.00%, respectively, and for non-teaching
activities, PIS is charged at a rate of 1.65% and to COFINS at 7.6%.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif"><i>Current
income taxes</i></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">Current
income taxes were calculated based on the criteria established by the Normative Instruction of the Brazilian Internal Revenue Service,
specifically regarding the PROUNI program, which allows exemption of these taxes from traditional and technological graduation activities.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Current
income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax
rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Management
periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject
to interpretation and establishes provisions where appropriate.<br style="clear: both" /></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>2.4
Changes in accounting policies and disclosures</b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>New
standards, interpretations and amendments adopted by the Company</i></b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Amendments
to IFRS 16 Covid-19 Related Rent Concessions</i></b></font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">On
May 28, 2020, the IASB issued Covid-19-Related Rent Concessions - amendment to IFRS 16 Leases. The amendments provide relief to lessees
from applying IFRS 16 guidance on lease modification accounting for rent concessions arising as a direct consequence of the Covid-19
pandemic. As a practical expedient, a lessee may elect not to assess whether a Covid-19 related rent concession from a lessor is a lease
modification. A lessee that makes this election accounts for any change in lease payments resulting from the Covid-19 related rent concession
the same way it would account for the change under IFRS 16, if the change were not a lease modification.</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
other new amendments and interpretations were applied for the first time in 2020, but did not have a significant impact on the consolidated
financial statements of the Company.</font></p><span></span>
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</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AccountsPayableToSellingShareholdersPolicyExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounts payable to selling shareholders policy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AccountsPayableToSellingShareholdersPolicyExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_BusinessCombinationsAndGoodwillPolicyExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of business combinations and goodwill policy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_BusinessCombinationsAndGoodwillPolicyExplanatory</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CurrentVersusNoncurrentClassificationPoliciesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of current versus noncurrent classification policies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CurrentVersusNoncurrentClassificationPoliciesExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DividendsPayablePolicyExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of dividends payable policy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DividendsPayablePolicyExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_FinancialInstrumentsInitialRecognitionAndMeasurementPolicyExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of financial instruments initial recognition and measurement policy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_FinancialInstrumentsInitialRecognitionAndMeasurementPolicyExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Period Type:</strong></td>
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</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ImpairmentOfNonfinancialAssetsPolicyExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of impairment of nonfinancial assets policy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ImpairmentOfNonfinancialAssetsPolicyExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Period Type:</strong></td>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LaborAndSocialObligationsPolicyExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of labor and social obligations policy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LaborAndSocialObligationsPolicyExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_PolicyExplanatoryInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of policy explanatory investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_PolicyExplanatoryInvestments</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_SharebasedPaymentsPolicyExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of sharebased payments policy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_SharebasedPaymentsPolicyExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_SignificantAccountingPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_SignificantAccountingPoliciesAbstract</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TaxesPolicyExplanation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of taxes policy explanation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TaxesPolicyExplanation</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for fair value measurement. [Refer: At fair value [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for financial instruments. [Refer: Financial instruments, class [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for intangible assets other than goodwill. [Refer: Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for leases. A lease is an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for measuring inventories. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 36<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_36_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for property, plant and equipment. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for provisions. [Refer: Provisions]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for restricted cash and cash equivalents. [Refer: Restricted cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy used to determine the components of cash and cash equivalents. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 46<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_46&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for revenue from contracts with customers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 15<br> -IssueDate 2020-01-01<br> -Section Presentation<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=15&amp;code=ifrs-tx-2020-en-r&amp;doctype=Standard&amp;dita_xref=IFRS15_g105-109_TI<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 15<br> -IssueDate 2020-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=15&amp;code=ifrs-tx-2020-en-r&amp;doctype=Standard&amp;dita_xref=IFRS15_g110-129_TI<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td style="white-space:nowrap;">ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory</td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598743176">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>2 Significant accounting policies (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesAbstract', window );"><strong>Significant Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SummaryOfSubsidiariesJointVenturesAndJointOperationsTableTextBlock', window );">Schedule of subsidiaries, joint ventures and joint operations</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font-weight: normal">The table below
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&#160;</p>

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    <td style="border-bottom: black 1pt solid; font: 10pt/8pt Times New Roman, Times, Serif; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif"><b>December 31, 2019</b></font></td>
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    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Instituto Tocantinense Presidente Ant&#244;nio Carlos Porto S.A. &#8211; (&#8220;ITPAC Porto&#8221;)</font></td>
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    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Instituto Tocantinense Presidente Ant&#244;nio Carlos S.A. &#8211; (&#8220;ITPAC Araguaina&#8221;)</font></td>
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    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Uni&#227;o Educacional do Vale do A&#231;o S.A. &#8211; (&#8220;UNIVA&#199;O&#8221;)</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Ipatinga - MG</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">76%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">IPTAN - Instituto de Ensino Superior Presidente Tancredo de Almeida Neves S.A. (&#8220;IPTAN&#8221;)</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">S&#227;o Jo&#227;o Del Rei - MG</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Instituto de Educa&#231;&#227;o Superior do Vale do Parna&#237;ba S.A. (&#8220;IESVAP&#8221;)</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Parna&#237;ba - PI</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">80%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">80%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">80%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Centro de Ci&#234;ncias em Sa&#250;de de Itajub&#225; S.A. (&#8220;CCSI&#8221;)</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Itajub&#225; - MG</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">60%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">60%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">60%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Instituto de Ensino Superior do Piau&#237; S.A. (&#8221;IESP&#8221;) </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Teresina - PI</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">80%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">RD Administra&#231;&#227;o e Participa&#231;&#245;es Ltda. (&#8220;RD&#8221;) ****</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Holding</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Pato Branco - PR</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">FADEP - Faculdade Educacional de Pato Branco Ltda. (&#8220;FADEP&#8221;)</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Pato Branco - PR</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">CBB Web Servi&#231;os e Transmiss&#245;es Online S.A. (&#8220;CBBW&#8221;)***</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Medical education courses and online platform</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">S&#227;o Paulo - SP</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Medcel Editora e Eventos S.A. (&#8220;Medcel&#8221;) </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Medical education content</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">S&#227;o Paulo - SP</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Instituto Educacional Santo Agostinho S.A. (&#8220;FASA&#8221;) </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Montes Claros - MG</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">ESMC Educa&#231;&#227;o Superior Ltda.*</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Montes Claros - MG</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Instituto de Pesquisa e Ensino M&#233;dico do Estado de Minas Gerais Ltda. (&#8220;IPEMED&#8221;) </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Post-graduate</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Belo Horizonte - MG</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Instituto Paraense de Educa&#231;&#227;o e Cultura Ltda (&#8220;IPEC&#8221;) </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Marab&#225; - PA</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Sociedade Universit&#225;ria Redentor S.A. (&#8220;UniRedentor&#8221;) **</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs </font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Itaperuna - RJ</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Subsidiary</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">100%</font></td>
    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">-</font></td>
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    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Porto Velho - RO</font></td>
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    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Content and clinical tools and online platform</font></td>
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    <td style="font: 10pt/8pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 7pt Arial, Helvetica, Sans-Serif">Undergraduate and graduate degree programs</font></td>
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<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: #212121"><font style="background-color: white">&#160;</font></p>

<p style="font: 8pt/8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>

<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">*&#160;&#160;&#160;&#160;&#160;&#160;&#160;On
January 1, 2020, Afya Brazil incorporated ESMC Educa&#231;&#227;o Superior Ltda. (&#8220;ESMC&#8221;) and transferred the two FASA campuses
located in the State of Minas Gerais, which do not offer medicine courses, to ESMC. This spin-off did not have an impact on the consolidated
financial statements.</font></p>

<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>

<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">**&#160;&#160;&#160;&#160;&#160;&#160;&#160;See
Note 5.1 for further details on the business combinations during 2020.</font></p>

<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>

<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">***&#160;&#160;&#160;&#160;&#160;&#160;&#160;CBBW
was merged by Medcel on May 1, 2020.</font></p>

<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>

<p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(33,33,33)"><font style="font: 10pt Times New Roman, Times, Serif">****&#160;&#160;&#160;&#160;&#160;&#160;&#160;RD
Administra&#231;&#227;o e Participa&#231;&#245;es Ltda was merged by Afya Brazil on December 15, 2020.</font></p><span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfEstimatedUsefulLives', window );">Schedule of estimated useful lives</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation
is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598805352">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>4 Segment information (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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  <tr>
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Elimination
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
  <tr>
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    of December 31, 2020</b></font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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  <tr style="background-color: white">
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  <tr style="background-color: rgb(213,234,234)">
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;3,387,592
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  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>251,220
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>4,793,208
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;(115)</b></font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;4,793,093
    </b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;Current
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;522,522
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;66,972
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;589,494
    </font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;(115)</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;589,379
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  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;Non-current
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;1,261,894
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;108,040
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;1,369,934
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;1,369,934
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  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Equity</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;2,757,572
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;76,208
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;2,833,780</font></td>
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;2,833,780</font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 31%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 11%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Elimination
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Other
    disclosures</b></font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Investments
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">51,410</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">51,410</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">51,410</font></td></tr>
  <tr style="background-color: white">
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    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
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  </table>
<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">(*)
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<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
following table presents assets and liabilities information for the Company's operating segments as of December 31, 2019:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Elimination
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 15%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
  <tr style="vertical-align: bottom">
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    of December 31, 2019</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
    assets</b></font></td>
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  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
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  <tr style="vertical-align: bottom; background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
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  <tr style="vertical-align: bottom; background-color: white">
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;312,303
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">21,919</font></td>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;333,229
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  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;Non-current
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;360,005
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;465,498
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  <tr style="vertical-align: bottom; background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Equity</font></td>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">71,873</font></td>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;2,113,726
    </font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 35%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Unit
    1</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 10%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Unit
    2</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 18%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
    reportable segments</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 16%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Elimination
    (inter-segment transactions)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 8%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
  <tr>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Other
    disclosures</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Investments
    in associate</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">45,634</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">45,634</font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">45,634</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Capital
    expenditures (*)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">167,427</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">8,282</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">175,709</font></td>
    <td style="white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">175,709</font></td></tr>
  </table>
<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">(*)
Capital expenditures consider the acquisitions of property and equipment and intangible assets, including the acquisition of IPEC licenses
in the amount of R$ 108,000 (R$ 54,000 paid and included in the acquisition of intangible assets in the cash flows used in investing
activities) as described in Note&#160;11.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsExplanatory', window );">Schedule of operating income for each operating segment</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table presents statements of income for the Company's
operating segments for the year ended December 31, 2020:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="font: 10pt Times New Roman, Times, Serif">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 29%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif"><b>Business Unit 1</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 13%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif"><b>Business Unit 2</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif"><b>Total reportable segments</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif"><b>Elimination (inter-segment transactions)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 15%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif"><b>Total</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">External costumer</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1,002,461</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1,201,191</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">-&#160;&#160;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1,201,191 </font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Inter-segment</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">-</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1,619</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1,619</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(1,619)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif"><b>Net revenue</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif"><b>1,002,461</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif"><b>200,349</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif"><b>1,202,810</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif"><b>(1,619)</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif"><b>1,201,191</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Cost of services</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(381,964)</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt">&#160;</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">The following table presents statements of income for the Company's operating segments
for the year ended December 31, 2019:</p>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; white-space: nowrap; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Unit
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  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Inter-segment</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">3,880</font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>653,760</b></font></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Cost
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550585423928">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>5 Business combinations (Tables)<br></strong></div></th>
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">7,984</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">8,148</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Inventories</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">467</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Recoverable
    taxes</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">822</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Other
    assets</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,486</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">7,251</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">161</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">42</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">123</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">9</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Indemnification
    assets</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">710</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">12,645</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">12,350</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">6,871</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Right-of-use
    assets</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10,265</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">42,062</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">865</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">23,663</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Property
    and equipment</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,207</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">19,144</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">391</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">23,176</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">962</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Intangible
    assets</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">142,399</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">314,097</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">60,372</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">167,106</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">264,782</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3,727</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>176,666</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>421,300</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>83,242</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>201,431</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>297,778</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3,796</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Liabilities</b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Trade
    payables</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(746)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(3,554)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(9,024)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(143)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(173)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Loans
    and financing</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(16,187)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(58,541)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,087)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Lease
    liabilities</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(10,265)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(42,062)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(865)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(23,663)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Labor
    and social obligations</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,471)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(8,070)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,786)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,801)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(3,832)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Taxes
    payable </font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(850)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(5,779)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,210)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(29)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(5)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Provision
    for legal proceedings</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(710)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(12,645)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(12,350)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(6,871)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Advances
    from customers</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(10,994)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(6,084)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(9,312)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(759)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,781)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Notes
    payable</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(80,526)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Other
    liabilities</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(14,754)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(228)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(44,223)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(232,015)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(34,547)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(10,690)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(29,454)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(230)</b></font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
    identifiable net assets at fair value</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>132,443</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>189,285</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>48,695</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>190,741</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>268,324</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3,566</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(13,14,0)">Preliminary
    goodwill arising on acquisition</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">77,662</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,420</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">84,175</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">71,664</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">110,483</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,843</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Purchase
    consideration transferred</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>210,105</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>193,705</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>132,870</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>262,405</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>378,807</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>6,409</b></font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Cash
    paid</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">114,607</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">141,065</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">115,339</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">260,836</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">189,913</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">6,373</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Payable
    in installments</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">95,498</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">52,640</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,569</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">188,894</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">36</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Paid
    in Afya Brazil&#8217;s shares</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">17,531</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Analysis
    of cash flows on acquisition:</i></b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Transaction
    costs (included in cash flows from operating activities)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,380)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,666)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(613)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,047)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(721)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(158)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Cash
    paid, net of cash acquired with the subsidiary (included in cash flows from investing activities) </font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(102,811)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(137,820)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(114,220)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(256,600)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(189,813)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(6,313)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; text-align: justify; padding-left: 7.1pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net
    of cash flow on acquisition </b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(104,191)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(139,486)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(114,833)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(258,647)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(190,534)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(6,471)</b></font></td></tr>
  </table>
<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif">*During
the measurement period, the preliminary goodwill for the acquisition of UniRedentor was adjusted to R$77,662 (R$90,282 initial goodwill)
as a result of an increase of intangible assets from R$134,281 to R$142,399 and a purchase price consideration adjustment of R$ 4,503.</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(13,14,0); text-indent: 0px"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white">**During
the measurement period, the preliminary goodwill for the acquisition of UniSL was adjusted to R$4,422 (R$53,192 previously disclosed)
as a result of (i) a purchase consideration decrease of R$7,816 and (ii) adjustments increasing intangible assets of R$ 40,961 and a
decrease in property and equipment of R$7.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfAcquisitionOfUniredentorTableTextBlock', window );">Schedule of acquisition of UniRedentor</a></td>
<td class="text"><p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt; border-image: none"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Licenses</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>With-and-without
                                            method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two
    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earnings method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows
    related to contributory assets.</font></p></td></tr></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfAcquisitionOfUnislTableTextBlock', window );">Schedule of acquisition of UniSL</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Licenses</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>With-and-without
                                            method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two
    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earnings method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows
    related to contributory assets.</font></p></td></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfAcquisitionOfPebmedTableTextBlock', window );">Schedule of acquisition of PEBMED</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Trademark</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Relief
                                            from royalty</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by
    the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the
    appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earnings method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows
    related to contributory assets.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Developed
    technology intangible assets</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Replacement
                                            cost </b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
    methodology is based on the estimated cost of replacing the referred asset with a new one (acquisition or reconstruction), adjusted
    to reflect the losses in value resulting from the physical deterioration and the functional and economic obsolescence of that asset.</font></p></td></tr></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfAcquisitionOfFesarTableTextBlock', window );">Schedule of acquisition of FESAR</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Licenses</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>With-and-without
                                            method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two
    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earnings method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows
    related to contributory assets.</font></p></td></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfAcquisitionOfMedphoneTableTextBlock', window );">Schedule of acquisition of MedPhone</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Trademark</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Relief
                                            from royalty</b></font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 10pt; text-indent: -10pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by
    the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the
    appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earnings method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows
    related to contributory assets.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Developed
    technology intangible assets</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Replacement
                                            cost </b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
    methodology is based on the estimated cost of replacing the referred asset with a new one (acquisition or reconstruction), adjusted
    to reflect the losses in value resulting from the physical deterioration and the functional and economic obsolescence of that asset.</font></p></td></tr></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfAcquisitionOfFcmpbTableTextBlock', window );">Schedule of acquisition of FCMPB</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom; background-color: white">
    <td style="border: black 1pt solid; width: 25%; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt; border-image: none"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 75%; text-align: center; padding-left: 5.4pt; line-height: 83%; padding-right: 5.4pt"><font style="font: 10pt/11pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 10pt; line-height: 83%; padding-right: 5.4pt; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Licenses</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>With-and-without
                                            method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two
    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr style="background-color: white">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-top: 12pt; padding-left: 10pt; line-height: 83%; text-indent: -10pt"><font style="font: 10pt/83% Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earnings method</b></font></p>
    <p style="font: 9pt/83% Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows
    related to contributory assets.</font></p></td></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfPreliminaryFairValuesOfIdentifiableAssetsAcquiredAndLiabilities', window );">Schedule of preliminary fair values of the identifiable assets acquired and liabilities</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"><tr style="font: 10pt Times New Roman, Times, Serif"><td style="font: 10pt/10pt Times New Roman, Times, Serif; width: 52%; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"></td>
    <td style="border-top: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Guardaya</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; width: 18%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>FASA*</b></font></td>
    <td style="border-top: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>IPEMED**</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Assets</b></font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Cash
    and cash and equivalents</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">1,548</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">3,834</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">307</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Restrict
    cash</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">5,561</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Trade
    receivables</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">44,277</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">1,832</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">8,965</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Inventories</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">2,581</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Recoverable
    taxes</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">280</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Other
    assets</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">489</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">458</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">3,266</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Right-of-use
    assets </font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">4,556</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">47,789</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">8,800</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Property
    and equipment</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">1,594</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">22,946</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">3,676</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Investment
    in associate</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">24,458</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Intangible
    assets</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">59,977</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">171,511</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">33,039</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">139,760</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">253,931</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">58,053</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Liabilities</b></font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Trade
    payables</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(454)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(1,133)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(4,908)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Loans
    and financing</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(4,076)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(35,419)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(3,592)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Lease
    liabilities</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(4,607)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(47,793)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(8,965)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Labor
    and social obligations</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(1,844)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(5,254)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(1,575)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Taxes
    payable</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(3,571)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(483)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(26,503)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Provision
    for legal proceedings</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(680)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(1,684)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(2,008)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Advances
    from customers</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(3,192)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(607)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Other
    liabilities</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(4,709)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(460)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(19,941)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(95,418)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(48,158)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
    identifiable net assets at fair value</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>119,819</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>158,513</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>9,895</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Non-controlling
    interest</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(15,851)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Goodwill arising on acquisition</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">139,294</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">58,903</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">87,647</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Purchase
    consideration transferred</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>259,113</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>201,565</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>97,542</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Cash
    paid</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">102,330</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">52,239</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Capital
    contribution</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">259,113</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Payable
    in installments</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">99,235</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">45,303</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 5.4pt; padding-right: 5.4pt"><p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Analysis
                                            of cash flows on acquisition:</i></b></font></p>
    <p style="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></p></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 7.1pt; padding-right: 5.4pt; text-indent: -7.1pt"><font style="font: normal 10pt Times New Roman, Times, Serif">Transaction
    costs (included in cash flows from operating activities) </font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(482)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(1,887)</font></td>
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(180)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: white">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 7.1pt; padding-right: 5.4pt; text-indent: -7.1pt"><font style="font: normal 10pt Times New Roman, Times, Serif">Cash
    paid net of cash acquired with the subsidiary (included in cash flows from investing activities)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">1,548</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(98,496)</font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(51,932)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(213,234,234)">
    <td style="font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 7.1pt; padding-right: 5.4pt; text-indent: -7.1pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net
    of cash flow on acquisition</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,066</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>(100,383)</b></font></td>
    <td style="border-bottom: black 1pt solid; font: 10pt/10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>(52,112)</b></font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">*During
the measurement period, the purchase consideration for the acquisition of FASA was adjusted by R$3,022 as a result of purchase price
adjustments. Accordingly, goodwill was updated to R$58,903.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: rgb(38,50,56); text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">**
During the measurement period of the assets acquired and liabilities assumed at the fair value, the Company has identified R$1,320 of
indemnification assets, related to the acquisition of IPEMED.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AcquisitionOfGuardayaExplanatory', window );">Schedule of acquisition of Guardaya</a></td>
<td class="text"><p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; background-color: white; font-size-adjust: none; font-stretch: normal; border-image: none; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border: black 1pt solid; white-space: nowrap; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border: black 1pt solid; text-align: center; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr>
    <td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Trademark</b></font></td>
    <td style="border: black 1pt solid; vertical-align: bottom; border-image: none"><p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Relief-from-royalty</b></font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by
    the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the
    appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr>
    <td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-bottom: 5pt; padding-top: 12pt; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border: black 1pt solid; vertical-align: bottom; border-image: none"><p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earning method</b></font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows
    related to contributory assets.</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr>
    <td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-bottom: 5pt; padding-top: 12pt; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Educational
    content</b></font></td>
    <td style="border: black 1pt solid; vertical-align: bottom; border-image: none"><p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Replacement
                                            cost</b></font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
    methodology is based on the estimate of the cost of replacing the asset with a new one (acquisition or reconstruction), adjusted
    to reflect the losses of value resulting from the physical deterioration and the economic functional obsolescence of the asset.</font></p></td></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AcquisitionOfFasaExplanatory', window );">Schedule of acquisition of FASA</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; background-color: white; font-size-adjust: none; font-stretch: normal; border-image: none; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border: black 1pt solid; white-space: nowrap; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border: black 1pt solid; text-align: center; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr>
    <td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Licenses</b></font></td>
    <td style="border: black 1pt solid; vertical-align: bottom; border-image: none"><p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>With-and-without
                                            method</b></font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two
    scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p></td></tr>
  <tr>
    <td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-bottom: 5pt; padding-top: 12pt; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border: black 1pt solid; vertical-align: bottom; border-image: none"><p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earning method</b></font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows
    related to contributory assets.</font></p></td></tr></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AcquisitionOfIpemedExplanatory', window );">Schedule of acquisition of IPEMED</a></td>
<td class="text"><p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation techniques used for measuring the fair value of separately identified intangible assets acquired were as follows:</font></p>

<p style="font: 11pt/12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; background-color: white; font-size-adjust: none; font-stretch: normal; border-image: none; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border: black 1pt solid; white-space: nowrap; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Intangible
    assets acquired</b></font></td>
    <td style="border: black 1pt solid; text-align: center; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Valuation
    technique</b></font></td></tr>
  <tr>
    <td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Trademark</b></font></td>
    <td style="border: black 1pt solid; vertical-align: bottom; border-image: none"><p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Relief-from-royalty</b></font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">This
    methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by
    the savings of royalties that the owner would have to own the asset. And it is necessary to determine a royalty rate that reflects
    the appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></p></td></tr>
  <tr>
    <td style="border: black 1pt solid; font: 12pt Arial Unicode MS; vertical-align: top; padding-bottom: 5pt; padding-top: 12pt; padding-left: 10pt; text-indent: -10pt; font-size-adjust: none; font-stretch: normal; border-image: none"><font style="font: 10pt Times New Roman, Times, Serif"><b>Customer
    relationships</b></font></td>
    <td style="border: black 1pt solid; vertical-align: bottom; border-image: none"><p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Multi-period
                                            excess earning method</b></font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
    method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows
    related to contributory assets.</font></p></td></tr></table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AcquisitionOfFasaExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of acquisition of fasa.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of acquisition of guardaya.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of acquisition of ipemed.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The tabular discloure of acquisition of FCMPB.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The tabular dislosure of acquisition of FESAR.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The tabular discloure of acquisition of MedPhone.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of acquisition of PEBMED.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The tabular disclosure of acquisition of UniRedentor.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The tabular disclosure of of acquisition of UniSL.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of schedule of preliminary fair values of identifiable assets acquired and liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of preliminary fair values of the identifiable assets acquired and liabilities acquired.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550588329720">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>6 Cash and cash equivalents (Tables)<br></strong></div></th>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about cash and cash equivalents.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550586509880">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>7 Trade receivables (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherReceivablesAbstract', window );"><strong>Trade and other receivables [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DisclosureOfTradeAndOtherReceivables1Explanatory', window );">Schedule of trade accounts receivable, net and notes receivable</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"><tr style="vertical-align: bottom"><td style="width: 71%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"></font></td>
    <td style="border-bottom: black 1pt solid; width: 16%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"><b>2019</b></font></td></tr>
  <tr>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Tuition
    fees</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">195,318</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">80,156</font></td></tr>
  <tr style="vertical-align: bottom; background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Educational
    content (a)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">62,931</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">37,154</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">FIES</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">49,425</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">17,789</font></td></tr>
  <tr style="vertical-align: bottom; background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Educational
    credits</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">11,248</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">9,899</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Mobile
    app subscription (b)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">13,526</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">-</font></td></tr>
  <tr style="vertical-align: bottom; background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Others</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">10,476</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">5,005</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>342,924</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>150,003</b></font></td></tr>
  <tr style="vertical-align: bottom; background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">(-)
    Allowance for doubtful accounts</font></td>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">(32,980)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">(14,763)</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>309,944</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>135,240</b></font></td></tr>
  <tr style="vertical-align: bottom; background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Current</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">302,317</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">125,439</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Non-current</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">7,627</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 10pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">9,801</font></td></tr>
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<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;Related
to trade receivables from sales of printed books, e-books and medical courses through digital platform from Medcel.&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;Related
to trade receivables from mobile applications subscriptions for digital medical content.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DisclosureOfTradeAccountsReceivableByAgingExplanatory', window );">Schedule of aging of trade accounts receivable</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2020 and 2019, the aging of trade receivables was as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 67%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 18%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2019</b></font></td></tr>
  <tr>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Neither
    past due nor impaired</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">145,076</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">71,095</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Past
    due</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 7.1pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">1
    to 30 days</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">44,365</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">15,042</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 7.1pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">31
    to 90 days</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">57,198</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">27,221</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 7.1pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">91
    to 180 days</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">51,521</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">20,543</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 7.1pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">More
    than 180 days</font></td>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">44,764</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">16,102</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>342,924</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>150,003</b></font></td></tr></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AllowanceForDoubtfulAccountsExplanatory', window );">Schedule of allowance for doubtful accounts</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
changes in the allowance for doubtful accounts for the years ended December 31, 2020, 2019 and 2018, was as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="width: 65%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2019</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2018</b></font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Balance
    at the beginning of the year</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(14,763)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(7,537)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(3,794)</font></td></tr>
  <tr style="vertical-align: bottom; background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Additions</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(32,081)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(15,040)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(7,714)</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Write-offs</font></td>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">13,864</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">7,814</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">3,971</font></td></tr>
  <tr style="vertical-align: bottom; background-color: white">
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    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(14,763)</b></font></td>
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</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550588398488">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>8 Related parties (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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<tr class="ro">
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<td class="text"><p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
table below summarizes the balances and transactions with related parties:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
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    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
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    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>595</b></font></td>
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    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Current</font></td>
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">882</font></td></tr>
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">557</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234); vertical-align: bottom">
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    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>104</b></font></td>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">11,288</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10,417</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">9,655</font></td></tr>
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,915</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,816</font></td>
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    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3,470</font></td>
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
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    <td style="width: 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">(a)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Refers to sales of educational content from Medcel
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<p style="margin-top: 0; margin-bottom: 0">&#160;</p>
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    <td style="width: 14.2pt"><font style="font: 10pt Times New Roman, Times, Serif">(b)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Amounts to be reimbursed by the shareholders to Afya
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<p style="margin-top: 0; margin-bottom: 0">&#160;</p>
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    <td><font style="font: 10pt Times New Roman, Times, Serif">Refers to share services and corporate expenses provided
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</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SummaryOfKeyManagementPersonnelCompensationTableTextBlock', window );">Schedule of key management personnel compensation</a></td>
<td class="text"><p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">Key
management personnel compensation included in the Company&#8217;s consolidated statement of income comprised the following:</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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    <td style="width: 66%; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 11%; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
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    <td style="border-bottom: black 1pt solid; width: 10%; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td>
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    <td style="border-bottom: black 1pt solid; width: 10%; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2018</b></font></td></tr>
  <tr style="vertical-align: top">
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    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">9,629</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,947</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,681</font></td></tr>
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    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">23,989</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">13,893</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,161</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>33,618</b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>18,840</b></font></td>
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    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>4,842</b></font></td></tr></table><span></span>
</td>
</tr>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587777496">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>9 Investment in associate (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfInvestments', window );">Schedule of investments</a></td>
<td class="text"><p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The following table illustrates
the summarized financial information of the Company&#8217;s investment in UEPC:</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 69%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 15%; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>December
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    <td style="width: 1%; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 15%; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>December
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  <tr>
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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  <tr style="background-color: rgb(213,234,234)">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550588267816">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>10 Property and equipment (Tables)<br></strong></div></th>
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    <td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Leasehold
    improvements</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Construction
    in progress</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of January 1, 2018 </b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>20,135</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>120</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>8,357</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>6,494</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>10,016</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>7,094</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,187</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>53,403</b></font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">3,226</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,770</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,023</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,728</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">949</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,940</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">7,918</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">19,554</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Transfer</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,271</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,271)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">7,142</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">62</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,517</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,021</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,873</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">597</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">577</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">3,902</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">18,691</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2018</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>30,503</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,770</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>182</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>11,897</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>10,243</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>12,838</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>597</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>11,882</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>10,736</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>91,648</b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">9,838</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,235</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">422</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">6,976</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,241</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,205</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">34</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,488</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">25,525</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">56,964</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Transfers</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(525)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(525)</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">3,988</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">103</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,565</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,035</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,096</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">418</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">14,541</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">470</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">28,216</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2019</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>44,329</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>7,005</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>707</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>21,438</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>15,994</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>18,139</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,049</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>30,911</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>36,731</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>176,303</b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">13,806</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">672</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,550</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">9,657</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,012</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">54,748</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">5,387</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>89,832</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">6,771</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">8,973</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">5,724</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">508</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">3,061</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,493</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,473</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">12,787</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">5,090</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>47,880</b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Transfer</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">19,148</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,395</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">82</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">367</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,049)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">23,559</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(43,502)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>25,919</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>68,503</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>13,401</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,215</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>29,131</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>28,511</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>21,624</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>122,005</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3,706</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>314,015</b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Depreciation</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of January 1, 2018</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(7,810)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(49)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(3,449)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(3,472)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(6,012)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(136)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(20,928)</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,886)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(10)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(812)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,017)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,003)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(27)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(202)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,957)</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2018</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(9,696)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(59)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(4,261)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(4,489)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(7,015)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(27)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(338)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(25,885)</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,097)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,629)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,495)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,648)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(359)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,317)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(11,545)</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Disposals</font></td>
    <td style="border-top: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">447</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">447</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2019</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(13,793)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(59)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(5,890)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(6,537)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(8,663)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(386)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(1,655)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(36,983)</b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(5,065)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(112)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,199)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,314)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,154)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(78)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,729)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(16,651)</font></td></tr>
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    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(464)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">464</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
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    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(19,322)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(171)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(8,089)</b></font></td>
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    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>25,919</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>49,181</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>13,401</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,044</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>21,042</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>17,660</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>10,807</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>117,621</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3,706</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>260,381</b></font></td></tr>
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    of December 31, 2019</b></font></td>
    <td style="border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>30,536</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>7,005</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>648</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>15,548</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>9,457</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>9,476</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>663</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>29,256</b></font></td>
    <td style="border-bottom: black 2.25pt double; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>36,731</b></font></td>
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</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about property, plant and equipment. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 73<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_73&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550641492120">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>11 Intangible assets and goodwill (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of January 1, 2018</b></font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>6,633</b></font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>6,633</b></font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">1,301</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">1,752</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">3,053</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">169,535</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">445,616</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">63,303</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">354</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">678,808</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2018</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>169,535</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>445,616</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>63,303</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>8,288</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,752</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>688,494</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions
    (i) (ii)</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">4,030</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">108,000</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">1,101</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">9,644</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">122,775</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">285,844</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">150,156</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">32,111</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">62,110</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">17,305</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">2,845</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">550,371</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2019</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>459,409</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>703,772</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>32,111</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>125,413</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>9,389</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>17,305</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>14,241</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,361,640</b></font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions
    </font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">4,175</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">15,474</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">19,649</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Disposals</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(460)</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(460)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">351,247</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">747,498</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">42,903</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">158,126</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">3,117</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">355</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">484</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">1,303,730</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>810,656</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,451,270</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>75,014</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>283,539</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>16,221</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>17,305</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>355</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>30,199</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,684,559</b></font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amortization</b></font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of January 1, 2018</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(1,904)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(1,904)</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Amortization</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,945)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,176)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,121)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2018</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(2,945)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(3,080)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(6,025)</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Amortization</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,150)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(34,927)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,456)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,876)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(868)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(43,277)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2019</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(1,150)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(37,872)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(4,536)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(4,876)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(868)</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(49,302)</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Amortization</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,352)</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(47,960)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,180)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,816)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(32)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(7,367)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">(62,707)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">Disposals</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">460</font></td>
    <td style="border-top: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">460</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(3,502)</b></font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(85,832)</b></font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(6,256)</b></font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(7,692)</b></font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(32)</b></font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(8,235)</b></font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(111,549)</b></font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net
    book value</b></font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 1.45pt; line-height: 7.5pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>810,656</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,451,270</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>71,512</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>197,707</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>9,965</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>9,613</b></font></td>
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    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>21,964</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,573,010</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 5.9pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2019</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>459,409</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>703,772</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>30,961</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>87,541</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>4,853</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>12,429</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 1.45pt; padding-right: 1.45pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
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  </table>
<p style="font: italic 8pt/9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: italic 8pt/9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(i)
The amount of R$4,030 added to goodwill relates to adjustments during the measurement period of the business combination of IESP in respect
to amounts to be included as part of the purchase price allocation at acquisition date mainly related to impairment of receivables.</font></p>

<p style="font: italic 8pt/9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: italic 8pt/9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(ii)
On August 13, 2019, Afya Brazil entered into a purchase agreement with the shareholders of IPEC for the acquisition of 100% of IPEC.
IPEC was a non-operational postsecondary education institution with governmental authorization to offer on-campus post-secondary undergraduate
courses in medicine in the State of Par&#225;, that commenced its operation in September 2019. Prior to the acquisition date, IPEC has
no significant assets and liabilities. The purchase price of R$ 108,000 is comprised of: i) R$ 54,000 paid in cash on the acquisition
date; ii) R$ 54,000 is payable in two equal instalments of R$ 27,000 payable annually from August 13, 2020 to August 13, 2021, and adjusted
by the CDI rate. The instalment due in August 2020 was  paid in the total amount of R$28,104.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SummaryOfAssumptionsForIntangibleAssetImpairmentTestTableTextBlock', window );">Schedule of assumptions for impairment test</a></td>
<td class="text"><p style="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
carrying amounts of goodwill and licenses with indefinite useful life by CGU and their value in use and the discount rates used for the
impairment assessment as of December 31, 2020 and 2019 was:</font></p>

<p style="font: 11pt/10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="11" style="border-bottom: black 1pt solid; font-size: 9pt; padding-bottom: 9pt; text-align: center; padding-left: 10.9pt; padding-right: 3.5pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Carrying
    amount</b></font></td></tr>
  <tr>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>CGU</b></font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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  <tr>
    <td style="width: 30%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 10%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 8%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 13%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 11%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 11%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 11%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr>
    <td style="border-bottom: black 1pt solid; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">IPTAN</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">17,446</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">17,446</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">57,214</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">57,214</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">126,397</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">110,224</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">IESVAP</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">27,956</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">27,956</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">81,366</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">81,366</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">112,898</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">119,129</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">CCSI</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,664</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,664</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">56,737</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">56,737</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">48,411</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">68,354</font></td></tr>
  <tr style="background-color: white">
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    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
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    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
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    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">235,018</font></td>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">380,682</font></td>
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    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
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    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">2,843</font></td>
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    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">6,477</font></td>
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    <td style="text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
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<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">*CBBW
as merged by Medcel on May 1, 2020.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SummaryOfEstimatedUsefulLivesOfIntangibleAssetsTableTextBlock', window );">Schedule of estimated useful lives</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
estimated useful lives of intangible assets are as follows:</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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    <td style="font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">6
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  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Customer relationships
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4.5
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    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Software
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">5
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3
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  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)">
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">19
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    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Developed
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">5
    years</font></td></tr></table><span></span>
</td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550585013256">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialAssetsAndFinancialLiabilitiesAbstract', window );"><strong>Financial Assets And Financial Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialAssetsExplanatory', window );">Schedule of financial assets</a></td>
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<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
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    <td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 12%; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2020</b></font></td>
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  <tr>
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">&#160;1,083,436
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">9,680</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">&#160;11,854
</font></td></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialLiabilitiesExplanatory', window );">Schedule of financial liabilities</a></td>
<td class="text"><p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.2
Financial liabilities</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="width: 70%; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"><b>Financial
    liabilities</b></font></td>
    <td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"><b>2020</b></font></td>
    <td style="width: 1%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"><b>2019</b></font></td></tr>
  <tr>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"><b>At
    amortized cost</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">Trade
    payables</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">35,743</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">17,628
    </font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">Loans
    and financing</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">617,485</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">60,357
    </font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">Lease
    liabilities</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">447,703</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">284,515
    &#160;</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">Accounts
    payable to selling shareholders</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">518,240</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">300,237
    </font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">Notes
    payable</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">76,181</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Advances
    from customers</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">63,839</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">36,860
    </font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Total</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,759,191</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>699,597</b></font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Current</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">467,643</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">262,671
    &#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Non-current</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,291,548</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">436,926</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Derivatives
    not designated as hedging instruments</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Cross-currency
    interest rate swaps</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">757</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Total</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"><b>-</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black"><b>757</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Current</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">757</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Non-current</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif; color: black">-</font></td></tr></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancingExplanatory', window );">Schedule of loans and financing</a></td>
<td class="text"><p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.2.1
Loans and financing</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="border-bottom: black 1pt solid; font-size: 14pt; width: 31%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Financial
    institution</b></font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; width: 13%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Currency</b></font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; width: 20%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interest
    rate</b></font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; width: 11%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Maturity</b></font></td>
    <td style="font-size: 14pt; width: 2%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; width: 11%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="font-size: 14pt; width: 1%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="border-bottom: black 1pt solid; font-size: 14pt; width: 11%; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td></tr>
  <tr style="vertical-align: top">
    <td style="font-size: 14pt; font-weight: bold; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Ita&#250;
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    <td style="font-size: 14pt; vertical-align: top; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Euro</font></td>
    <td style="font-size: 14pt; font-weight: bold; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">1.01%
    p.y.</font></td>
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<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
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    with Banco Votorantim S.A. in the amount of R$ 100,000 adjusted by the CDI rate plus an interest rate of 1.65% per year and is repayable
    at maturity on July 5, 2021.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
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  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">(d)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">On July 23, 2019, Medcel entered into a loan of R$
    16,153 with Financiadora de Estudos e Projetos (&#8220;FINEP&#8221;), a governmental agency focused on financing investments on R&#38;D,
    which has an interest rate based on TJLP (Long term interest rate), 2019 and maturity in 2027. The first and second tranches of R$6,734
    and R$4,130, respectively, were drawdown in October 2019 and December 2020, respectively, in order to develop the Medical web series
    and other digital content. There is no financial covenant related to this agreement. The loan is guaranteed by bank warranty in the
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  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
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    loan agreement with Ita&#250; Unibanco S.A. in the amount of R$ 74,980 (equivalent to &#8364;17,500). The loan accrues interest at
    1.01% per annum and is repayable in three equal installments on November 18, 2019, May 18, 2020 and November 12, 2020. The loan agreement
    contains a financial covenant requiring Afya Brazil to maintain a Net Debt to EBITDA ratio less or equal to: 2.2x at end of 2018
    and 2019 and 1.8x at the end of 2020. The loan was guaranteed by financial investments, classified as restricted cash, in the amount
    of R$14,788 as of December 31, 2019. This loan was repaid on November 12, 2020.<br /><br />On November 21, 2018, Afya Brazil entered
    into cross-currency interest rate swaps in order to mitigate the foreign exchange exposure related to a loan denominated in Euros.
    The swap agreements are comprised of derivative assets to swap the foreign exchange exposure (Euros to Brazilian real) and derivative
    liabilities for the interest rate swap (1.01% p.y. to 128% of CDI). The swap agreements have three maturities on November 18, 2019,
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</tr>
<tr class="re">
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<td class="text"><table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"><tr style="vertical-align: bottom"><td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"></font></td>
    <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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  <tr>
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    <td style="border-bottom: black 1pt solid; width: 13%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
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    <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p></td></tr>
  <tr>
    <td style="vertical-align: bottom; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Asset
    position: Euros + 1.01% p.y.</font></td>
    <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">49,165</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">53,045</font></td></tr>
  <tr style="vertical-align: bottom; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Liability
    position: 128% of CDI</font></td>
    <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(49,165)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(53,802)</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net
    position &#8211; assets (liabilities)</b></font></td>
    <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(757)</b></font></td></tr>
  <tr style="vertical-align: bottom; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Current
    assets (liabilities)</font></td>
    <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(757)</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Noncurrent
    assets (liabilities)</font></td>
    <td style="text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LeasesExplanatory', window );">Schedule of right-of-use assets and lease liabilities</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Set
out below are the carrying amounts of right-of-use assets and lease liabilities and the movements during the period:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Right-of-use
    assets</b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Lease
    liabilities</b></font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">As
    at January 1, 2019</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">212,360</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">212,360</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">19,100</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">19,100</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations </font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">61,145</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">61,365</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation
    expense</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(18,330)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest
    expense</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">31,469</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Payments
    of lease liabilities</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(39,779)</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">As
    at December 31, 2019</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">274,275</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">284,515</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">64,743</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">64,743</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Remeasurement</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">34,161</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">34,161</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">76,855</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">76,855</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation
    expense</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(29,386)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest
    expense</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">44,458</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Payments
    of lease liabilities</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(55,455)</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Disposals</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,574)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,574)</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    at December 31, 2020</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>419,074</b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>447,703</b></font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    at December 31, 2019</b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Current</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">22,693</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Non-current</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">274,275</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">261,822</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    at December 31, 2020</b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Current</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">61,976</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Non-current</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">419,074</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">385,727</font></td></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AccountsPayableToSellingShareholdersExplanatory', window );">Schedule of accounts payable to selling shareholders</a></td>
<td class="text"><p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.2.3
Accounts payable to selling shareholders</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0); text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 66%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 17%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 17%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>-</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of IESP (a)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">38,771</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">75,450</font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of FADEP (b)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">18,745</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of FASA (c)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">70,356</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">105,306</font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of IPEMED (d)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">38,622</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">45,646</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of IPEC (e)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">28,307</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">55,090</font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of UniRedentor (f)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">97,773</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of UniSL (g)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">53,386</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of FCMPB (h)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">189,420</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of FESAR (i)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,569</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Acquisition
    of MEDPHONE (j)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">36</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>518,240</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>300,237</b></font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Current</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">188,420</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">131,883</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Non-current</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">329,820</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11.5pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">168,354</font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 58%; vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 16%; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 11%; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2018</b></font></td></tr>
  <tr>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Opening
    balance</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">300,237</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt; text-indent: 12.4pt"><font style="font: 10pt Times New Roman, Times, Serif">177,730</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr>
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Cash
    flows</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(134,518)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(92,688)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Acquisition
    of IPEC</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">54,000</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr>
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt; text-indent: 18.1pt"><font style="font: 10pt Times New Roman, Times, Serif">13,884</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">17,977</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">1,687</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">343,140</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">144,538</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">176,043</font></td></tr>
  <tr>
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Compensation
    of legal proceedings disbursement</font></td>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,503)</font></td>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,320)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Closing
    balance</b></font></td>
    <td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>518,240</b></font></td>
    <td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>300,237</b></font></td>
    <td style="border-bottom: black 2.25pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 11.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>177,730</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(a)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">On November 27, 2018, Afya
    Brazil acquired 80% of IESP and the amounts of (i) R$8,906 was paid in February 2019, and (ii) R$106,200 is payable in three equal
    installments of R$35,400, each adjusted by the CDI rate through the payment date. The first and second installments were paid in
    November 2019 and 2020, respectively, and the remaining installment is due by the end of the third year from the transaction closing
    date.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(b)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">On December 5, 2018, Afya
    Brazil acquired 100% of FADEP and the amount of R$52,846 is payable in three equal installments of R$17,615, each adjusted by the
    SELIC rate through the payment date and due semiannually from the transaction closing date. The first installment was paid in June
    2019, the second installment was paid in December 2019, and the last installment was paid in June 2020.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(c)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">On April 3, 2019, Afya Brazil
    acquired 90% of FASA and R$ 39,695 was paid in April 2020, R$ 29,770 is payable in April 2021, and R$ 29,770 is payable in April
    2022; each adjusted by the IPCA rate + 4.1% per year.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(d)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">On May 9, 2019, Afya Brazil
    acquired 100% of IPEMED and R$ 45,303 is payable in five equal installments of R$ 9,061, adjusted by the CDI rate, and due annually
    in February 2020, 2021, 2022, 2023 and 2024.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(e)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">On August 13, 2019, Afya Brazil acquired 100% of IPEC
    and R$54,000 was paid in cash on the transaction closing date, and (ii) R$54,000 is payable in two equal installments, adjusted by
    the CDI rate, and due annually at the end of the first and the second year from the transaction closing date.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(f)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">On January 31, 2020, Afya
    Brazil acquired 100% of UniRedentor and R$ 114,607 was paid in cash on the transaction closing date, and the original amount of R$100,000
    is payable in five equal installments from January 2021 through July 2024, adjusted by the CDI rate. The purchase consideration was
    adjusted by R$4,503 and such amount will be deducted from the first installment due in January 2021. </font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(g)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">On May 5, 2020, Afya Brazil
    acquired 100% of UniSL. The purchase consideration is R$201,521, of which: R$ 141,065 was paid in cash on the transaction closing
    date, and R$ 60,456 is payable in three equal installments through May 2023, adjusted by the CDI rate. </font><font style="font: 10pt Times New Roman, Times, Serif">The
    purchase consideration was adjusted by R$7,816 and such amount will be deducted from the first installment due in May 2021.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(h)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">On November 9, 2020, Afya
    Brazil acquired 100% of FCMPB. The net purchase price </font><font style="font: 10pt Times New Roman, Times, Serif">of
    R$379,913 was adjusted to R$378,807<font>, of which: R$ 189,</font>913 <font>was
    paid in cash on the transaction closing date, and R$ 188,894 is payable in four installments through November 2024, adjusted by the
    CDI rate.</font></font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(i)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">On November 3, 2020, Afya Brazil acquired 100% of the
    share capital of FESAR. The aggregate purchase price was R$260,836, including the CDI rate adjustment from the singing and the real
    state of the operation, estimated at R$ 17,397, of which 100% was paid in cash on the closing of the operation. The purchase consideration
    was adjusted by R$1,569 and was paid on February 25, 2021.</font></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Arial, Helvetica, Sans-Serif; margin-bottom: 0px; margin-top: 0px; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 10.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(j)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">On November 4, 2020, Afya Brazil acquired 100% of the
    share capital of MedPhone. The net purchase price was R$6,373 of which 100% was paid in cash on the closing of the operation. The
    purchase consideration was adjusted by R$36 and was paid on February 2, 2021.</font></td></tr></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfCarryingAmountOfNotesPayableTableTextBlock', window );">Schedule of carrying amount of notes payable</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">Set
out below are the carrying amount of notes payable and the movements during the period:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; background-color: white"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 66%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 6%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 28%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Notes
    payable</b></font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">As
    at January 1, 2020</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combination</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">80,526</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Payments</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(5,974)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Monetary
    indexation</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,629</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    at December 31, 2020</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>76,181</b></font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Current
    liabilities</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10,503</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Non-current
    liabilities</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">65,678</font></td></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FairValuesExplanatory', window );">Schedule of fair values</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
table below is a comparison of the carrying amounts and fair values of the Company&#8217;s financial instruments, other than those carrying
amounts that are reasonable approximation of fair values:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2019</b></font></td></tr>
  <tr style="vertical-align: bottom">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Carrying
    amount</b></font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Fair
    value</b></font></td>
    <td style="text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Carrying
    amount</b></font></td>
    <td style="text-align: center; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: center; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Fair
    value</b></font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Financial
    assets</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Restricted
    cash</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">2,053</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">2,053</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">16,841</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">16,841</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Trade
    receivables (non-current)</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">7,627</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">7,627</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">9,801</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">9,801</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>9,680</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>9,680</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>26,642</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>26,642</b></font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Financial
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Loans
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">60,357</font></td>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">60,443</font></td></tr>
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">447,703</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">284,515</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">284,515</font></td></tr>
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    payable to selling shareholders</font></td>
    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">518,240</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">518,240</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">300,237</font></td>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">300,237</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">76,181</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
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    <td style="white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">757</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">757</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>1,679,847</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>645,866</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>645,952</b></font></td></tr></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SummaryOfSensitivityAnalysisEffectsOnIncomeStatementTableTextBlock', window );">Schedule of sensitivity analysis effects on income statement</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">With all variables held constant, the Company&#8217;s income before
income taxes is affected through the impact on floating interest rate, as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
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  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 40%; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif"><b>Balance as of 12/31/2020</b></font></td>
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    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Index &#8211; % per year</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p></td>
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    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 8%; padding-left: 5.4pt; padding-right: 5.4pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>-75</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 8%; padding-left: 5.4pt; padding-right: 5.4pt">
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    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p></td>
    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 8%; padding-left: 5.4pt; padding-right: 5.4pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>-150</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt">&#160;</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Cash equivalents</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">916,790</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">90.95% CDI</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">15,843</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">6,876</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(6,876)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">13,752</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(13,752)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white">
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">76.10% CDI</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">30</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">15</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(15)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">31</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(31)</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Loans and financing</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(10,864)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">TJLP p.y.</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(494)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(81)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">81</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(163)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">163</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Loans and financing</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(101,785)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1.65%+100%CDI</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(3,613)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(763)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">763</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(1,527)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1,527</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Loans and financing</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(504,365)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1.62%+CDI</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(17,754)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(3,783)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">3,783</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(7,565)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">7,565</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Accounts payable to selling shareholders</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(447,848)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">CDI</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(8,510)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(3,359)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">3,359</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(6,718)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">6,718</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(213,234,234)">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Accounts payable to selling shareholders</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(70,356)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">IPCA+4.1%</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(2,894)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(528)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">528</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(1,055)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1,055</font></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: white">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Notes payable</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(76,181)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">IPCA</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(1,028)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(571)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">571</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">(1,143)</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 8pt Arial, Helvetica, Sans-Serif">1,143</font></td></tr>
  </table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SummaryOfCurrenciesUsedInSensitivityAnalysisTableTextBlock', window );">Schedule of currencies used in sensitivity analysis</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
following table demonstrates the sensitivity in the Company&#8217;s income before income taxes of a 10% change in the U.S. dollar exchange
rate (R$5.1961 to U.S. dollar 1.00) as of December 31, 2020 and 2019, with all other variables held constant. </font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="width: 60%; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>Exposure</b></font></td>
    <td style="width: 2%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><b>+10%</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 1%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; width: 11%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-10%</b></font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Cash
    and cash equivalents</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">70,523</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7,052</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(7,052)</font></td></tr></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SummaryOfContractualMaturitiesOfFinancialLiabilitiesTableTextBlock', window );">Schedule of contractual maturities of financial liabilities</a></td>
<td class="text"><p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
tables below summarize the maturity profile of the Company&#8217;s financial liabilities based on contractual undiscounted amounts:</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="background-color: white">
    <td style="width: 50%; white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Less
    than 1 year</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1
    to 3 years</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3
    to 5 years</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>More
    than 5 years</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"><b>Total</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Trade
    payables</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">35,743</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">35,743</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Loans
    and financing</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">125,137</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">566,157</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,010</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3,094</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">698,398</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Lease
    liabilities</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">63,092</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">131,225</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">124,114</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">705,115</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,023,546</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Accounts
    payable to selling shareholders</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">191,145</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">262,340</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">81,153</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">534,638</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Notes
    payable</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">11,083</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">83,803</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">94,886</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Advances
    from customers</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">63,839</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">63,839</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>490,039</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,043,525</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>209,277</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>708,209</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,451,050</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="background-color: white">
    <td style="width: 50%; white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>As
    of December 31, 2019&#160;</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Less
    than 1 year</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1
    to 3 years</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3
    to 5 years</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>More
    than 5 years</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; vertical-align: bottom; text-align: center; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"><b>Total</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Trade
    payables</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">17,628</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">17,628</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Loans
    and financing</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">54,507</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">3,537</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">2,517</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">1,926</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">62,487</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Lease
    liabilities</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">44,139</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">81,326</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">76,013</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">502,831</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">704,309</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Accounts
    payable to selling shareholders</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">137,608</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">182,535</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">12,072</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">332,215</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Advances
    from customers</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">36,860</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">36,860</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Derivatives</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">757</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">-</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)">757</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"><b>291,499</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"><b>267,398</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; white-space: nowrap; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"><b>90,602</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"><b>504,757</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 11pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: rgb(34,34,34)"><b>1,154,256</b></font></td></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ChangesInLiabilitiesArisingFromFinancingActivitiesExplanatory', window );">Schedule of changes in liabilities arising from financing activities</a></td>
<td class="text"><p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.5
Changes In liabilities arising from financing activities</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: rgb(192,0,0)"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="width: 25%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 8%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>January
    1, 2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Payments</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Addition
    / Remeasurement</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 6%; text-align: center; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Interest</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 11%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Foreign
    exchange movement</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 11%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Business
    combination</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Other</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 8%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>December
    31, 2020</b></font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 8pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Loans
    and financing</font></td>
    <td style="border-top: black 1pt solid; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">60,357</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">(155,090)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">605,041</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">10,031</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">21,279</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">75,815</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">52</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">617,485</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 8pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Lease
    liabilities</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">284,515</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">(55,455)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">98,904</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">44,458</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">76,855</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">(1,574)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">447,703</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 8pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">Dividends
    payable</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">(12,984)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">12,984</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 8pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>Total</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>344,872</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>(223,529)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>716,929</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>54,489</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>21,279</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>152,670</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>(1,522)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif; color: black"><b>1,065,188</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="width: 24%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 7%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>January
    1, 2019</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Payments</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Addition
    / Remeasurement</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 6%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interest</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Foreign
    exchange movement</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
    combination</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 7%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Other</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>December
    31, 2019</b></font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Loans
    and financing</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">77,829</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(75,093)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">7,383</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">6,025</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,126</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">43,087</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">60,357</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Lease
    liabilities</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">212,360</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(39,779)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">19,100</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">31,469</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">61,365</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">284,515</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Dividends
    payable</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,107</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(51,812)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">51,812</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,107)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>294,296</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(166,684)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>78,295</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>37,494</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,126</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>104,452</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(4,107)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>344,872</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="width: 24%; text-align: left; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 7%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>January
    1, 2018</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Payments</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Addition
    / Remeasurement</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 6%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interest</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Foreign
    exchange movement</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
    combination</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 7%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Other</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 10%; text-align: center; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>December
    31, 2018</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234); vertical-align: bottom">
    <td style="text-align: left; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Loans
    and financing</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3,823</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(6,492)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">74,980</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,821</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,697</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">77,829</font></td></tr>
  <tr style="background-color: white; vertical-align: bottom">
    <td style="text-align: left; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Related
    parties</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">106</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(106)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234); vertical-align: bottom">
    <td style="text-align: left; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Dividends
    payable</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">14,888</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(5,845)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,936)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,107</font></td></tr>
  <tr style="background-color: white; vertical-align: bottom">
    <td style="text-align: left; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>18,817</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(12,443)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>74,980</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,821</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,697</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(4,936)</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>81,936</b></font></td></tr></table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AccountsPayableToSellingShareholdersExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounts payable to selling shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AccountsPayableToSellingShareholdersExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ChangesInLiabilitiesArisingFromFinancingActivitiesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of changes in liabilities arising from financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ChangesInLiabilitiesArisingFromFinancingActivitiesExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_FairValuesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of fair values.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_FairValuesExplanatory</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_FinancialAssetsAndFinancialLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_FinancialAssetsAndFinancialLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_FinancialAssetsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of financial assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_FinancialAssetsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_FinancialLiabilitiesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of financial liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_FinancialLiabilitiesExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550582254920">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>13 Fair value measurement (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>14 Capital management (Tables)<br></strong></div></th>
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    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">60,357</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Lease
    liabilities</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">447,703</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">284,515</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Accounts
    payable to selling shareholders</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">518,240</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">300,237</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Notes
    payable</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">76,181</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Less:
    cash and cash equivalents</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,045,042)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(943,209)</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Less:
    restricted cash</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,053)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(16,841)</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net
    debt</b></font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>612,514</b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(314,941)</b></font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Total
    equity</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,833,780</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,113,726</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total
    equity and net debt</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3,446,294</b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,798,785</b></font></td></tr></table><span></span>
</td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587626792">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>15 Labor and social obligations (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfInputsToModelUsedToDetermineFairValueOfStockOptions', window );">Schedule of inputs to the model used to determine the fair value of the stock options</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
following table list the inputs to the model used to determine the fair value of the stock options:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="border-bottom: black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>05/15/2018</b></font></td>
    <td style="border-bottom: black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>02/07/2019</b></font></td>
    <td style="border-bottom: black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>03/29/2019*</b></font></td></tr>
  <tr style="vertical-align: top">
    <td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Weighted
    average fair value at the measurement date</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">R$
    366.16</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">R$
    529.12 </font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">R$
    684.22</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Dividend
    yield (%)</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">0.0%</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">0.0%</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">0.0%</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Expected
    volatility (%)</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">49.5%</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">45.5%</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">43.7%</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Risk-free
    interest rate (%)</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">7.7%</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">7.6%</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">7.2%</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Expected
    life of stock options (years)</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">4.0</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">4.0</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">4.0</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Weighted
    average share price</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">R$254.13</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">R$
    368.41</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">R$
    213.35</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="font-weight: bold; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Model
    used</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Monte
    Carlo</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Monte
    Carlo</font></td>
    <td style="font-weight: bold; text-align: right; padding-left: 5.4pt; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">Black
    &#38; Scholes </font></td></tr>
  <tr style="background-color: white">
    <td style="width: 48%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 16%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 16%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 20%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">*After
the corporate reorganization described in Note 1, the options originally granted under the Guardaya&#8217;s plan granted on August 10,
2018 were remeasured at fair value and included in Afya Brazil&#8217;s plan with no changes to the previous terms and conditions other
than the shares subject to such options granted and, consequently, the number of stock and exercise price of the shares as per the share
exchange ratio applied on the corporate reorganization.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfIllustratesNumberAndMovementsInStockOptions', window );">Schedule of illustrates the number and movements in stock options</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
following table illustrates the number and movements in stock options during the periods:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 14pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="font-size: 10pt; width: 39%; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 10pt; width: 1%; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; font-size: 10pt; width: 30%; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number
    of stock options (i) &#8211; 2019</b></font></td>
    <td style="border-bottom: black 1pt solid; font-size: 10pt; width: 30%; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number
    of stock options (i) &#8211; 2018</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding
    at January 1</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">1,291,248
    </font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">293,860
    </font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">1,434,720</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Addition
    of Guardaya&#8217;s plan</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">257,320
    </font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,842,428)</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(143,472)</font></td></tr>
  <tr style="background-color: white">
    <td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Expired</font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; font-size: 10pt; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="font-size: 10pt; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Outstanding
    at December 31</b></font></td>
    <td style="font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1.5pt double; font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1.5pt double; font-size: 10pt; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,291,248</b></font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 14pt Times New Roman, Times, Serif; margin-top: 0px; font-size-adjust: none; font-stretch: normal; margin-bottom: 0px; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 21.3pt"><font style="font: normal 10pt Times New Roman, Times, Serif">(i)</font></td>
    <td><font style="font: normal 10pt Times New Roman, Times, Serif">The
    number of common shares outstanding from Afya Brazil was retrospectively adjusted in the proportion of 1:28 due to the contribution
    of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya Brazil contributed to Afya, which did
    not result in changes on the arrangements of the plans.</font></td></tr></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfSharebasedCompensationPlan', window );">Schedule of share-based compensation plan</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
following table illustrates the number and movements in stock options during the period:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td rowspan="2" style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted
    average exercise price (in Reais)</b></font></td>
    <td colspan="2" style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number
    of stock options</b></font></td></tr>
  <tr>
    <td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: rgb(54,95,145) 1pt solid; white-space: nowrap; text-align: right; padding-left: 0.1in"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="width: 40%; padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding
    at January 1</font></td>
    <td style="width: 31%; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">74.53</font></td>
    <td style="width: 16%; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">2,364,214</font></td>
    <td style="width: 13%; white-space: nowrap; text-align: right; padding-left: 0.1in"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">94.55</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">477,220</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 0.1in"><font style="font: 10pt Times New Roman, Times, Serif">2,364,214</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">74.57</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(274,359)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 0.1in"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">96.20</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">(56,092)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 0.1in"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif">Expired</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; text-align: right; padding-left: 0.1in"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 9.35pt; padding-right: 9.35pt; text-indent: -9.35pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Outstanding
    at December 31</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>78.22</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 2.9pt; padding-right: 2.9pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,510,983</b></font></td>
    <td style="border-bottom: black 1.5pt double; white-space: nowrap; text-align: right; padding-left: 0.1in"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,364,214</b></font></td></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfModelUsedToDetermineFairValueOfStockOptions', window );">Schedule of model used to determine the fair value of the stock options</a></td>
<td class="text"><p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
following table list the inputs to the model used to determine the original fair value of the stock options granted in March 2020 and
September 2019:</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 407px; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>March
    2020</b></font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>September
    2019</b></font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Strike
    price at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">US$
    19.00</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">US$
    19.00</font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Dividend
    yield (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Expected
    volatility (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">39.7%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">38.9%</font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Risk-free
    interest rate (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.8%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1.4%</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Expected
    life of stock options (years)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4.0</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">5.0</font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Share
    price at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">US$
    16.30</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">US$
    21.90</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Model
    used</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Binomial</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Binomial</font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Weighted
    average fair value at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">US$
    3.94</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">US$
    6.55</font></td></tr>
  </table>
<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The following table list the inputs to the model used to determine the incremental fair
value of the stock options as result of the modification:</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 60%; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 20%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Modified
    plan</b></font></td>
    <td style="width: 20%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Original
    plan (*)</b></font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Strike
    price at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    74.38</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    99.09</font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Dividend
    yield (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Expected
    volatility (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">41%
    - 76%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">42%
    - 76%</font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Risk-free
    interest rate (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2.0%
    - 4.9%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.2%
    - 0.4%</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Expected
    life of stock options (years)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1
    &#8211; 4</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1
    &#8211; 4</font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Share
    price at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    133.68</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    133.68</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Model
    used</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Binomial</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Binomial</font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Weighted
    average fair value at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    69.54</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    57.12</font></td></tr>
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<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">(*)
The strike price of the original plan was based in U.S. dollars.</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
following table list the inputs to the model used to determine the fair value of the stock options granted on August 17,2020, November
26, 2020 and December 16, 2020, which has been granted in line with the modified plan on July 29, 2020:</font></p>

<p style="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48%; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 20%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>August
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    <td style="width: 17%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>November
    2020</b></font></td>
    <td style="width: 15%; text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>December
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    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Strike
    price at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$74
    &#8211; R$122</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$126</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$97</font></td></tr>
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    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Dividend
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    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td></tr>
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    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Expected
    volatility (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">41%
    - 75%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">40%
    - 69%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">69%</font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Risk-free
    interest rate (%)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2.2%
    - 6.1%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2.2%
    - 6.9%</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">0.9%</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Expected
    life of stock options (years)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1
    &#8211; 5</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1
    &#8211; 5</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1</font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Share
    price at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    136</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">145.15</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    119.78</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Model
    used</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Binomial</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Binomial</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Binomial</font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Weighted
    average fair value at the measurement date</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    67.12</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    56.43</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 10pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">R$
    40.38</font></td></tr></table><span></span>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550585429176">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>17 Earnings per share (EPS) (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The
following table reflects the net income and share data used in the basic and diluted EPS calculations:</font></p>

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<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 55%; text-align: justify; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 18%; text-align: right; padding-left: 0.5in; padding-right: 5.4pt; text-indent: 1pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 12%; text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td>
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  <tr style="vertical-align: top">
    <td style="text-align: justify; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Numerator</b></font></td>
    <td style="text-align: justify; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: justify; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: justify; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Net income attributable
    to equity holders of the parent</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">292,075</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">153,916</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">86,353</font></td></tr>
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    <td style="text-align: justify; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Denominator</b></font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
    <td style="text-align: justify; padding-left: 8.6pt; padding-right: 5.4pt; text-indent: -8.6pt"><font style="font: 10pt Times New Roman, Times, Serif">Weighted
    average number of outstanding shares</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">92,683,848</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">75,969,797</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">46,936,064</font></td></tr>
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    <td style="padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Effects of dilution from
    stock options</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">951,920</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">221,846</font></td>
    <td style="text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">840,700</font></td></tr>
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    <td style="vertical-align: bottom; text-align: justify; padding-left: 7.1pt; line-height: 115%; padding-right: 5.4pt; text-indent: -7.1pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Weighted
    average number of outstanding shares adjusted for the effect of dilution</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">93,635,768</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">76,191,643</font></td>
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<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">*
Considers the effects from the contribution of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya
Brazil contributed to Afya.</font></p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550588216792">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>18 Revenue (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueAbstract', window );"><strong>Revenue [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfNetSalesRevenueExplanatory', window );">Schedule of net sales revenue</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
Company&#8217;s net revenue is as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
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  <tr style="vertical-align: bottom">
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    <td style="border-top: black 1pt solid; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(43,767)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(11,104)</font></td></tr>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(1,801)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(49,629)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(28,157)</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(24,239)</font></td></tr>
  <tr style="background-color: white">
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(107,979)</font></td>
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    <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(15,930)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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    revenue from contracts with customers</b></font></td>
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    <td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>333,935</b></font></td></tr>
  <tr style="background-color: white">
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; line-height: 115%; padding-right: 5.4pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">1,128,558</font></td>
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  <tr style="background-color: white">
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<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">(*)
As mentioned in Note 1, the Company assessed, in connection with the social distancing requirements, whether it has satisfied all performance
obligations of its contracts with customers, according to IFRS15, and concluded it was necessary to defer a portion of it&#8217;s net
revenues in the second semester of 2020. As result, R$2,361 of net revenue were deferred to the first semester of 2021 and recorded in
advances from customers.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfRevenueBySegment', window );">Schedule of revenue by segment</a></td>
<td class="text"><p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><b>Revenue
by segment</b></font></p>

<p style="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
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    <td style="border-bottom: black 1pt solid; width: 17%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Elimination
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    <td style="border-bottom: black 1pt solid; width: 13%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
  <tr>
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    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,002,461</b></font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>200,349</b></font></td>
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  <tr style="vertical-align: top; background-color: white">
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">997,055</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">107,197</font></td>
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  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">93,152</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,619)</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">96,939</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
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  <tr style="vertical-align: top; background-color: rgb(213,234,234)">
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  <tr style="vertical-align: top; background-color: white">
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">5,406</font></td>
    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">68,846</font></td>
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    <td style="white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">72,633</font></td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: black 1pt solid; width: 40%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Segments
    &#8211; December 31, 2019</b></font></td>
    <td style="width: 1%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 14%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
    Unit 1</b></font></td>
    <td style="width: 1%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 14%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Business
    Unit 2</b></font></td>
    <td style="width: 1%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 17%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Elimination
    (inter-segment transactions)</b></font></td>
    <td style="width: 1%; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 11%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
  <tr>
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Types
    of services or goods</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>653,760</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>100,750</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(3,880)</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>750,630</b></font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Tuition
    fees</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">648,957</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">60,195</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">709,152</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,803</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">40,555</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">(3,880)</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">41,478</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Timing
    of revenue recognition</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>653,760</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>100,750</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(3,880)</b></font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>750,630</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Transferred
    over time</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">648,957</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">64,870</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">713,827</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Transferred
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    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">4,803</font></td>
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    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">35,880</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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</td>
</tr>
</table>
<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about net sales revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ScheduleOfRevenueBySegment">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of schedule of revenue by segment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550595124328">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>19 Expenses and cost by nature (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ExpensesAndCostByNatureAbstract', window );"><strong>Expenses And Cost By Nature</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SummaryOfExpensesByNatureTableTextBlock', window );">Schedule of expenses by nature</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"><tr><td style="width: 56%; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 16%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2019</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2018</b></font></td></tr>
  <tr>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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    of services</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(434,654)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(308,853)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(168,052)</font></td></tr>
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    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(402,855)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(239,120)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(70,034)</font></td></tr>
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    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Total</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(837,509)</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(547,973)</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(238,086)</b></font></td></tr>
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    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Payroll</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(446,473)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(324,252)
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    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(156,623)</font></td></tr>
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    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Hospital
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    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(37,988)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(16,429)
    </font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(10,209)</font></td></tr>
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    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(108,744)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(73,152)
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    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(9,078)</font></td></tr>
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    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(2,555)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(4,494)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(20,302)</font></td></tr>
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    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Commercial
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    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(1,488)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(1,363)
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    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(362)</font></td></tr>
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    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(5,892)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(6,628)
    </font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(2,701)</font></td></tr>
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    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(20,746)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(8,658)
    </font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(2,373)</font></td></tr>
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    compensation</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(32,610)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(18,114)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(2,161)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Tax
    expenses</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(5,326)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(2,696)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(828)</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Pedagogical
    services</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(24,037)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(6,271)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(4,212)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Sales
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    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(16,873)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(11,603)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(3,532)</font></td></tr>
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    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(32,081)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(15,040)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(7,714)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="padding-left: 3.5pt; padding-right: 3.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Travel
    expenses</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(4,550)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(7,054)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(1,816)</font></td></tr>
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    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(13,060)</font></td>
    <td style="text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(7,245)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(39,159)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">(8,930)</font></td></tr>
  <tr style="background-color: white">
    <td style="padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Total</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(837,509)</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(547,973)</b></font></td>
    <td style="border-bottom: black 1.5pt double; text-align: right; padding-left: 3.5pt; line-height: 115%; padding-right: 3.5pt"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(238,086)</b></font></td></tr></table><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule disclosing information related to the net sales revenue .</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550582816728">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>20 Finance result (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinanceResultAbstract', window );"><strong>Finance Result</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfFinanceResult', window );">Schedule of finance result</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%"><tr><td style="width: 57%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"></td>
    <td style="width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt; text-indent: 5.6pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 13%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2018</b></font></td></tr>
  <tr>
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Income
    from financial investments</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">24,479</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">25,965</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,680</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Changes
    in fair value of derivative instruments</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 0.3pt; padding-right: 5.4pt; text-indent: -0.3pt"><font style="font: 10pt Times New Roman, Times, Serif">20,739</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,219</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest
    received</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 0.3pt; padding-right: 5.4pt; text-indent: -0.3pt"><font style="font: 10pt Times New Roman, Times, Serif">11,876</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">9,680</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,364</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Foreign
    exchange differences</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 0.3pt; padding-right: 5.4pt; text-indent: -0.3pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">13,321</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">5,196</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,723</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">165</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Finance
    income</b></font></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>62,290</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>51,689</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>10,428</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="vertical-align: bottom; background-color: white">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Change
    in fair value of derivative instruments</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,780)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(213,234,234)">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest
    expense</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(25,543)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(24,002)</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,404)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest
    expense on lease liabilities</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(44,458)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(31,469)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Financial
    discounts granted</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(8,081)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(923)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,063)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Bank
    fees</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(6,333)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,876)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,219)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Foreign
    exchange differences</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,613)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,697)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">IOF
    taxes (taxes on financial transactions)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,661)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(6,801)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(355)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(7,580)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,514)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(416)</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Finance
    expenses</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(98,269)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(72,365)</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(8,154)</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Finance
    result</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(35,979)</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>(20,676)</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,274</b></font></td></tr></table><span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of schedule of finance result.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550595122456">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>21 Income taxes (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncomeTaxesAbstract', window );"><strong>Income Taxes</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfReconciliationOfIncomeTaxExpenseExplanatory', window );">Schedule of reconciliation of income tax expense</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
following is a reconciliation of income tax expense to profit (loss) for the year, calculated by applying the combined Brazilian statutory
rates at 34% for the years ended December 31, 2020, 2019 and 2018:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr>
    <td style="width: 61%; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 12%; vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2019</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 12%; vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>2018</b></font></td></tr>
  <tr>
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Income
    before income taxes</b></font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>335,054</b></font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>186,937</b></font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>98,722</b></font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Combined
    statutory income taxes rate - %</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">34%</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">34%</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">34%</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Income
    taxes at statutory rates</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(113,918)</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(63,559)</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(33,565)</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Reconciliation
    adjustments:</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Tax
    effect on loss from entities not subject to taxation</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(8,474)</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(1,265)</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">PROUNI
    - Fiscal Incentive (a)</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">120,851</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">73,397</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">30,564</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Unrecognized
    deferred tax assets</font></td>
    <td style="vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(41,319)</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(19,342)</font></td>
    <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Presumed
    profit income tax regime effect (b)</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(2,640)</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">351</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Permanent
    adjustments</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">2,567</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Tax
    effect over pre-acquisition losses</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">13,893</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">-</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Other</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">1,973</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(3,757)</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">(987)</font></td></tr>
  <tr style="background-color: white">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>Income
    taxes expense &#8211; current</b></font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom; white-space: nowrap; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(27,067)</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(14,175)</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif"><b>(3,988)</b></font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="white-space: nowrap; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">Effective
    rate</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">8.08%</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">7.58%</font></td>
    <td style="text-align: right; line-height: 115%"><font style="font: 10pt/115% Times New Roman, Times, Serif">4.04%</font></td></tr>
  </table>
<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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    <td><font style="font: 10pt Times New Roman, Times, Serif">The Company adhered to PROUNI, established by Law 11,096
    / 2005, which is a federal program that exempt companies of paying income taxes and social contribution.</font></td></tr>
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    <td><font style="font: 10pt Times New Roman, Times, Serif">Brazilian tax law establishes that companies that generate
    gross revenues of up to R$ 78,000 in the prior fiscal year may calculate income taxes as a percentage of gross revenue, using the
    presumed profit income tax regime. The Company adopted this tax regime and the effect of the presumed profit of subsidiaries represents
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550583180488">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>22 Insurance contracts and contingencies (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">The
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>

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    <td style="width: 43%; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; width: 12%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Labor</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; vertical-align: bottom; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Civil</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Taxes</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 15%; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Balances
    as of December 31, 2017</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>297</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,423</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,720</b></font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
    combinations</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,089</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,089</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">13</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">13</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Reversals</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(166)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(191)</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(357)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Balances
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,233</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1,232</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>3,465</b></font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Business
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3,301</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,071</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,372</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Additions</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">737</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">1,508</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,245</font></td></tr>
  <tr style="background-color: white">
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    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(3,770)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,043)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(4,813)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Balances
    as of December 31, 2019</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,501</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2,768</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>-</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>5,269</b></font></td></tr>
  <tr style="background-color: white">
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    combinations</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,741</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,348</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">27,487</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">32,576</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
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    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">562</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">10,869</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">7,853</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">19,284</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Reversals</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(1,285)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(2,705)</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">(3,990)</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Balances
    as of December 31, 2020</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>4,519</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>13,280</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>35,340</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>53,139</b></font></td></tr>
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<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">*The total amount of R$ 9,940 are related to legal proceedings
attributed to the selling shareholders administration. The same amount was recorded as indemnification assets in the balance sheet in
other assets.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ScheduleOfSocialSecurityProceedingsAssessedByManagement', window );">Schedule of social security proceedings assessed by Management</a></td>
<td class="text"><p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: normal 10pt Times New Roman, Times, Serif">There
are other civil, labor, taxes and social security proceedings assessed by Management and its legal counsels as possible risk of loss,
for which no provisions are recognized, as follows:</font></p>

<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
  <tr style="vertical-align: bottom">
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    <td style="border-bottom: black 1pt solid; width: 20%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></font></td>
    <td style="border-bottom: black 1pt solid; width: 18%; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Labor</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">2,318</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">3,570</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Civil</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">59,969</font></td>
    <td style="vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">39,135</font></td></tr>
  <tr style="background-color: rgb(213,234,234)">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">Taxes
    and social security</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">4,375</font></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif">7,583</font></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>66,662</b></font></td>
    <td style="border-bottom: black 1.5pt double; vertical-align: top; text-align: right; padding-left: 5.4pt; padding-right: 5.4pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>50,288</b></font></td></tr></table><span></span>
</td>
</tr>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550573871816">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>1 Corporate information (Details Narrative)<br> $ / shares in Units, R$ in Thousands, $ in Thousands</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
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<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="2">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Nov. 09, 2020</div></th>
<th class="th"><div>Nov. 03, 2020</div></th>
<th class="th">
<div>Oct. 22, 2020 </div>
<div>BRL (R$)</div>
</th>
<th class="th"><div>Jul. 20, 2020</div></th>
<th class="th"><div>May 05, 2020</div></th>
<th class="th">
<div>Mar. 10, 2020 </div>
<div>USD ($) </div>
<div>shares</div>
</th>
<th class="th">
<div>Mar. 10, 2020 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th">
<div>Feb. 06, 2020 </div>
<div>USD ($) </div>
<div>$ / shares </div>
<div>shares</div>
</th>
<th class="th">
<div>Feb. 06, 2020 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th">
<div>Jul. 23, 2019 </div>
<div>USD ($) </div>
<div>shares</div>
</th>
<th class="th">
<div>Jul. 23, 2019 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th"><div>Jul. 07, 2019</div></th>
<th class="th"><div>Jun. 18, 2019</div></th>
<th class="th"><div>Apr. 03, 2019</div></th>
<th class="th"><div>Mar. 29, 2019</div></th>
<th class="th"><div>Nov. 05, 2020</div></th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2019 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th"><div>Jan. 31, 2020</div></th>
<th class="th">
<div>Jul. 18, 2019 </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2018 </div>
<div>shares</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredIncome', window );">Deferred revenues</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 2,361<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LegalProceedingsProvision', window );">Amount of legal proceedings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 6,545<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RightsPreferencesAndRestrictionsAttachingToClassOfShareCapital', window );">Description of exchanging and rights of shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Exchanging one common share as 28 Class A or Class B common shares<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issed (shares) | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">93,146,731<span></span>
</td>
<td class="nump">89,744,275<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,443,541<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareIssueRelatedCost', window );">Share issuance costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 19,704<span></span>
</td>
<td class="nump">R$ 79,670<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TransferredAmountToGBankAccounts', window );">Transferred amount to bank accounts</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 961,438<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_GuardayaEmpreendimentosAndParticipacoesSAMember', window );">Guardaya empreendimentos and participacoes s.a. ("guardaya") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Percentage of voting equity interests acquired</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_SociedadeUniversitariaRedentorSAUniRedentorMember', window );">Sociedade universitaria redentor s.a. (uniredentor) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Percentage of voting equity interests acquired</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_SociedadePadraoDeEducacaoSuperiorLtdaMember', window );">Sociedade padrao de educacao Superior ltda [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAcquiree', window );">Description of acquiree</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">The purchase price is R$ 360,000, adjusted by the Net Debt at the closing date, of which: (i) 100% is payable in cash on the transaction closing date.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AmountOfPurchasePrice', window );">Amount of purchase price</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 360,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_UniaoEducacionalDoPlanaltoCentralSAMember', window );">Uniao educacional do planalto central s.a. ("UEPC") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Percentage of voting equity interests acquired</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_GuardayaEmpreendimentosAndParticipacoesSAMember', window );">Guardaya empreendimentos and participacoes s.a. ("guardaya") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_MedcelEditoraAndCBBWebMember', window );">Medcel editora and CBB web [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Percentage of voting equity interests acquired</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoEducacionalSantoAgostinhoSAMember', window );">Instituto educacional santo agostinho s.a. ("FASA") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAcquiree', window );">Description of acquiree</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">The purchase price of R$ 201,565 is comprised by: i) R$ 102,330 paid in cash on the acquisition date; ii) R$ 39,695 payable in April 2020; iii) R$ 29,770 payable in April 2021; and iv) R$ 29,770 payable in April 2022, adjusted by the IPCA rate + 4.1% per year. This transaction was strategic to the Company and was accounted for under IFRS 3 &#8211; Business Combinations. There isare no contingent consideration associated with the acquisition of FASA.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Percentage of voting equity interests acquired</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">90.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_CentroUniversitarioSaoLucasLtdaMember', window );">Centro Universitario Sao Lucas Ltda ("UniSL") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstituicaoDePesquisaMedicaServicosTecnologicosDaAreaDaSaudeSAMember', window );">Instituicao de pesquisa medica e servicos tecnologicos da area da saude s.a. ("PEBMED") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember', window );">Faculdade de Ensino Superior da Amazonia Reunida ("FESAR") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FaculdadeDeCienciasMedicasDaParaibaMember', window );">Faculdade de Ciencias Medicas da Paraiba ("FCMPB") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfEntitysRevenue', window );">Percentage of revenue generated</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">99.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_MedPhoneTecnologiaEmSaudeLtdaMember', window );">MedPhone Tecnologia em Saude Ltda ("MedPhone") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassACommonSharesMember', window );">Class A common shares [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issed (shares) | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13,888,887<span></span>
</td>
<td class="nump">13,888,887<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassACommonSharesMember', window );">Class A common shares [member] | Initial public offering [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issed (shares) | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15,805,841<span></span>
</td>
<td class="nump">15,805,841<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13,744,210<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Proceeds from issue of shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 992,778<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProceedsFromIssueOfOrdinarySharesNet', window );">Net proceeds from issue of shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">913,108<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FeeAndCommissionExpense', window );">Fee and commission expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">59,566<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherOfferingExpenses', window );">Other offering expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20,104<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareIssueRelatedCost', window );">Share issuance costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">R$ (79,670)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NumberOfAdditionalCommonSharesIssued', window );">Number of additional common shares issued | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,019,928<span></span>
</td>
<td class="nump">3,019,928<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassACommonSharesMember', window );">Class A common shares [member] | Initial public offering [member] | Underwriters [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issed (shares) | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,916,954<span></span>
</td>
<td class="nump">1,916,954<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherOfferingExpenses', window );">Other offering expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 1,066<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdditionalSharesGrossProceeds', window );">Additional shares gross proceeds</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30,884<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetProceedsOfAdditionalShares', window );">Net proceeds of additional shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 29,819<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassACommonSharesMember', window );">Class A common shares [member] | Initial public offering [member] | Shareholders [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherOfferingExpenses', window );">Other offering expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 18,638<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NumberOfAdditionalCommonSharesIssued', window );">Number of additional common shares issued | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,406,812<span></span>
</td>
<td class="nump">9,406,812<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdditionalSharesGrossProceeds', window );">Additional shares gross proceeds</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 358,286<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetProceedsOfAdditionalShares', window );">Net proceeds of additional shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 339,648<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassACommonSharesMember', window );">Class A common shares [member] | Over allotments [member] | Underwriters [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issed (shares) | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,061,631<span></span>
</td>
<td class="nump">2,061,631<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassACommonSharesMember', window );">Class A common shares [member] | USD [member] | Initial public offering [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Proceeds from issue of shares | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 263,888<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProceedsFromIssueOfOrdinarySharesNet', window );">Net proceeds from issue of shares | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">242,711<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FeeAndCommissionExpense', window );">Fee and commission expense | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15,833<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherOfferingExpenses', window );">Other offering expenses | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 5,344<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassACommonSharesMember', window );">Class A common shares [member] | USD [member] | Initial public offering [member] | Underwriters [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherOfferingExpenses', window );">Other offering expenses | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 228<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NumberOfAdditionalCommonSharesIssued', window );">Number of additional common shares issued | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">240,552<span></span>
</td>
<td class="nump">240,552<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdditionalSharesGrossProceeds', window );">Additional shares gross proceeds | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6,615<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetProceedsOfAdditionalShares', window );">Net proceeds of additional shares | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,387<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassACommonSharesMember', window );">Class A common shares [member] | USD [member] | Initial public offering [member] | Shareholders [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherOfferingExpenses', window );">Other offering expenses | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 4,202<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdditionalOfferingPrice', window );">Additional offering price | $ / shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 27.50<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdditionalSharesGrossProceeds', window );">Additional shares gross proceeds | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 83,048<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetProceedsOfAdditionalShares', window );">Net proceeds of additional shares | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 78,846<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassACommonSharesMember', window );">Class A common shares [member] | BRAZIL [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Proceeds from issue of shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 294,312<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassACommonSharesMember', window );">Class A common shares [member] | BRAZIL [member] | USD [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Proceeds from issue of shares | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 68,060<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassBCommonSharesMember', window );">Class B common shares [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RightsPreferencesAndRestrictionsAttachingToClassOfShareCapital', window );">Description of exchanging and rights of shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Class B common shares is entitled to 10 votes per share<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AdditionalOfferingPrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amoutn of additional offering price.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AdditionalOfferingPrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AdditionalSharesGrossProceeds">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount fo additional shares gross proceeds.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AdditionalSharesGrossProceeds</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AmountOfPurchasePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of purchase price.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AmountOfPurchasePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NetProceedsOfAdditionalShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net proceeds of additional shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NetProceedsOfAdditionalShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NumberOfAdditionalCommonSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of additional common shares issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NumberOfAdditionalCommonSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_OtherOfferingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amoun of other offering expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_OtherOfferingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ProceedsFromIssueOfOrdinarySharesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the issuing of ordinary shares, net.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ProceedsFromIssueOfOrdinarySharesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TransferredAmountToGBankAccounts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amoun of transferred amount to bank accounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TransferredAmountToGBankAccounts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liability representing income that has been received but is not yet earned. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAcquiree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the business or businesses that the acquirer obtains control of in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAcquiree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FeeAndCommissionExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to fees and commissions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FeeAndCommissionExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LegalProceedingsProvision">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of provision for legal proceedings. [Refer: Other provisions]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2020-01-01<br> -Section Example 10 A court case<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2020-en-r&amp;doctype=Illustrative%20Examples&amp;dita_xref=IAS37_IE_C_ex10_TI<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2020-01-01<br> -Paragraph 87<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_87&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LegalProceedingsProvision</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares issued by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PercentageOfEntitysRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of the entity's revenue. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PercentageOfEntitysRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of voting equity interests acquired in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_c&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PercentageOfVotingEquityInterestsAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the issuing of ordinary shares. [Refer: Ordinary shares [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromIssueOfOrdinaryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in a subsidiary attributable to the entity. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 19B<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_19B_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RightsPreferencesAndRestrictionsAttachingToClassOfShareCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the rights, preferences and restrictions attaching to a class of share capital including restrictions on the distribution of dividends and the repayment of capital. [Refer: Share capital [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_79_a_v&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RightsPreferencesAndRestrictionsAttachingToClassOfShareCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareIssueRelatedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cost related to the issuance of shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareIssueRelatedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=afya_GuardayaEmpreendimentosAndParticipacoesSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=afya_GuardayaEmpreendimentosAndParticipacoesSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=afya_SociedadeUniversitariaRedentorSAUniRedentorMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=afya_SociedadeUniversitariaRedentorSAUniRedentorMember</td>
</tr>
<tr>
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550574455128">
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<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>2 Significant accounting policies (Details)<br></strong></div></th>
<th class="th" colspan="6">12 Months Ended</th>
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<tr>
<th class="th" colspan="2"><div>Dec. 31, 2020</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2019</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2018</div></th>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">Sociedade Universit&#225;ria Redentor S.A. (&#8220;UniRedentor&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">Itaperuna - RJ<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_ESMCEducacaoSuperiorLtdaMember', window );">ESMC educacao superior ltda [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">ESMC Educa&#231;&#227;o Superior Ltda<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Montes Claros - MG<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_MedcelEditoraEEventosSAMember', window );">Medcel editora e eventos s.a. ("MEDCEL") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Medcel Editora e Eventos S.A. (&#8220;Medcel&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Medical education content<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">S?o Paulo- SP<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_CBBWebServicosETransmissoesOnlineSAMember', window );">CBB web servicos e transmissoes online s.a. ("CBBW") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="text">CBB Web Servi&#231;os e Transmiss&#245;es Online S.A. (&#8220;CBBW&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="text">Medical education courses and online platform<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="text">S?o Paulo- SP<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_RDAdministracaoEParticipacoesLtdaMember', window );">RD administracao e participacoes ltda. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="text">RD Administra&#231;&#227;o e Participa&#231;&#245;es Ltda. (&#8220;RD&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="text">Holding<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="text">Pato Branco - PR<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_CentroDeCienciasEmSaudeDeItajubaSAMember', window );">Centro de ciencias em saude de itajuba s.a. ("CCSI") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Centro de Ci&#234;ncias em Sa&#250;de de Itajub&#225; S.A. (&#8220;CCSI&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Itajub? - MG<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">60.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">60.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">60.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember', window );">Instituto de ensino superior do piaui s.a. ("IESP") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Instituto de Ensino Superior do Piau&#237; S.A. (&#8221;IESP&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Teresina - PI<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">80.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[6]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember', window );">FADEP - faculdade educacional de pato branco ltda. ("FADEP") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">FADEP - Faculdade Educacional de Pato Branco Ltda. (&#8220;FADEP&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Pato Branco - PR<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember', window );">Instituto de educacao superior do vale do parnaiba s.a. ("IESVAP") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Instituto de Educa&#231;&#227;o Superior do Vale do Parna&#237;ba S.A. (&#8220;IESVAP&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Parna?ba - PI<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">80.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">80.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">80.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoEducacionalSantoAgostinhoSAMember', window );">Instituto educacional santo agostinho s.a. ("FASA") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Instituto Educacional Santo Agostinho S.A. (&#8220;FASA&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Montes Claros - MG<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember', window );">Instituto de pesquisa e ensino medico do estado de minas gerais ltda. ("IPEMED") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Instituto de Pesquisa e Ensino M&#233;dico do Estado de Minas Gerais Ltda. (&#8220;IPEMED&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Post-graduate<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Belo Horizonte - MG<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoParaensedeEducacaoeCulturaLtdaMember', window );">Instituto paraense de educacao e cultura ltda. (IPEC) [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Instituto Paraense de Educa??o e Cultura Ltda. (IPEC)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Marab? - PA<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[7]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[7]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_UniaoEducacionalDoValeDoAcoSAUNIVACOMember', window );">Uniao educacional do vale do aco s.a. - UNIVACO [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Uni&#227;o Educacional do Vale do A&#231;o S.A. &#8211; (&#8220;UNIVA&#199;O&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Ipatinga - MG<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">76.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoTocantinensePresidenteAntonioCarlosSAITPACAraguainaMember', window );">Instituto tocantinense presidente antonio carlos s.a. - ITPAC araguaina [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Instituto Tocantinense Presidente Ant&#244;nio Carlos S.A. &#8211; (&#8220;ITPAC Araguaina&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Aragua?na - TO<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember', window );">IPTAN - instituto de ensino superior presidente trancredo de almeida neves s.a. ("IPTAN") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">IPTAN - Instituto de Ensino Superior Presidente Tancredo de Almeida Neves S.A. (&#8220;IPTAN&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">S?o Jo?o Del Rei - MG<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoTocantinensePresidenteAntonioCarlosPortoSAItpacPortoNacionalMember', window );">Instituto tocantinense presidente antonio carlos porto s.a. - itpac porto nacional [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Instituto Tocantinense Presidente Ant&#244;nio Carlos Porto S.A. &#8211; (&#8220;ITPAC Porto&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Porto Nacional - TO<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_AfyaParticipacoesSAMember', window );">Afya participacoes s.a (afya brazil) [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Afya Participa??es S.A (Afya Brazil)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Holding<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Nova Lima - MG<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_CentroUniversitarioSaoLucasLtdaUniSLMember', window );">Centro universitario Sao lucas ltda. ("unisl") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">Centro Universit&#225;rio S&#227;o Lucas Ltda. (&#8220;UniSL&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">Porto Velho - RO<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_PEBMEDInstituicaoDePesquisaMedicaServicosTecnologicosDaareaDaSaudeSAMember', window );">PEBMED instituicao de pesquisa medica e servicos tecnologicos da area da saude s.a. ("PEBMED") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">PEBMED Institui&#231;&#227;o de Pesquisa M&#233;dica e Servi&#231;os Tecnol&#243;gicos da &#225;rea da Sa&#250;de S.A. (&#8220;PEBMED&#8221;)**<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">Content and clinical tools and online platform<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">Rio de Janeiro &#8211; RJ<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_CentroSuperiorDeCienciasDaSaudeSSLtdaFCMPBMember', window );">Centro Superior de Ciencias da Saude S/S Ltda (FCMPB) [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Centro Superior de Ciencias da Saude S/S Ltda (FCMPB)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Jo&#227;o Pessoa &#8211; PB<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember', window );">Faculdade de Ensino Superior da Amazonia Reunida ("FESAR") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Faculdade de Ensino Superior da Amaz&#244;nia Reunida &#8211; (&#8220;FESAR&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Reden&#231;&#227;o &#8211; PA<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_MedPhoneTecnologiaEmSaudeLtdaMember', window );">MedPhone Tecnologia em Saude Ltda ("MedPhone") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of Subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">MedPhone Tecnologia em Sa&#250;de Ltda. (&#8220;MedPhone&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Content and clinical tools and online platform<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary', window );">Location of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Recife &#8211; PE<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Subsidiary<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">Direct and indirect interest of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=afya_UniaoEducacionalDoPlanaltoCentralSAMember', window );">Uniao educacional do planalto central s.a. ("UEPC") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfAssociate', window );">Name of associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Uni&#227;o Educacional do Planalto Central S.A. (&#8220;UEPC&#8221;)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PrincipalActivities', window );">Principal activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Undergraduate and graduate degree programs<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PrincipalPlaceOfBusinessOfAssociate', window );">Location of associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Bras?lia - DF<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentType', window );">Investment type</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Associate<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Direct and indirect interest of associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">30.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">30.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr><td colspan="7"></td></tr>
<tr><td colspan="7"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">See Note 5.1 for further details on the business combinations during 2020.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">On January 1, 2020, Afya Brazil incorporated ESMC Educacao Superior Ltda. ("ESMC") and transferred the two FASA campuses located in the State of Minas Gerais, which do not offer medicine courses, to ESMC. This spin-off did not have an impact on the consolidated financial statements.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">See Note 5 for further details on the business combinations during 2019.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[4]</td>
<td style="vertical-align: top;" valign="top">CBBW was merged by Medcel on May 1, 2020.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[5]</td>
<td style="vertical-align: top;" valign="top">RD Administracao e Participacoes Ltda was merged by Afya Brazil on December 15, 2020.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[6]</td>
<td style="vertical-align: top;" valign="top">See Note 17 for further details on the acquisition of minority interest during 2019.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[7]</td>
<td style="vertical-align: top;" valign="top">See Note 12 for further details on the acquisition of assets related to licenses with indefinite useful life in 2019.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_InvestmentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The investment type of a subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_InvestmentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_PrincipalActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The principal activities of a subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_PrincipalActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_SignificantAccountingPoliciesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents significant accounting policies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_SignificantAccountingPoliciesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NameOfAssociate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The name of an associate. [Refer: Associates [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_16_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 21<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_21_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NameOfAssociate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NameOfSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The name of a subsidiary. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_16_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 12<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_12_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 19B<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_19B_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NameOfSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PrincipalPlaceOfBusinessOfAssociate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The principal place of business of an associate. [Refer: Principal place of business; Associates [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_16_b_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17_b_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 21<br> -Subparagraph a<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_21_a_iii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PrincipalPlaceOfBusinessOfAssociate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The principal place of business of a subsidiary. [Refer: Principal place of business; Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_16_b_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17_b_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 12<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_12_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 19B<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_19B_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfOwnershipInterestInAssociate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in an associate attributable to the entity. [Refer: Associates [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 21<br> -Subparagraph a<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_21_a_iv&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInAssociate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interests in a subsidiary held by non-controlling interests. [Refer: Subsidiaries [member]; Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 12<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_12_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_SociedadeUniversitariaRedentorSAUniRedentorMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_SociedadeUniversitariaRedentorSAUniRedentorMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_ESMCEducacaoSuperiorLtdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_ESMCEducacaoSuperiorLtdaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_MedcelEditoraEEventosSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_MedcelEditoraEEventosSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_CBBWebServicosETransmissoesOnlineSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_CBBWebServicosETransmissoesOnlineSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_RDAdministracaoEParticipacoesLtdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550574365048">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>2 Significant accounting policies (Details 1)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_BuildingsMember', window );">Building [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment', window );">Useful lives of assets</a></td>
<td class="text">25 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_MachineryAndEquipmentsMember', window );">Machinery and equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment', window );">Useful lives of assets</a></td>
<td class="text">10 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_VehiclesMember', window );">Vehicles [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment', window );">Useful lives of assets</a></td>
<td class="text">4 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_FixturesAndFittingsMember', window );">Furniture and fixtures [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment', window );">Useful lives of assets</a></td>
<td class="text">10 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_ItEquipmentMember', window );">IT equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment', window );">Useful lives of assets</a></td>
<td class="text">5 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_LibraryBooksMember', window );">Library books [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment', window );">Useful lives of assets</a></td>
<td class="text">10 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_LaboratoriesAndClinicsMember', window );">Laboratories and clinics [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment', window );">Useful lives of assets</a></td>
<td class="text">10 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LeaseholdImprovementsMember', window );">Leasehold improvements [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment', window );">Useful lives of assets</a></td>
<td class="text">20 years<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_SignificantAccountingPoliciesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents significant accounting policies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_SignificantAccountingPoliciesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The useful life, measured as period of time, used for property, plant and equipment. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 73<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_73_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_BuildingsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_BuildingsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_MachineryAndEquipmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_MachineryAndEquipmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_VehiclesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_VehiclesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_FixturesAndFittingsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_FixturesAndFittingsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_ItEquipmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_ItEquipmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_LibraryBooksMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_LibraryBooksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_LaboratoriesAndClinicsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_LaboratoriesAndClinicsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LeaseholdImprovementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LeaseholdImprovementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550574372568">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>2 Significant accounting policies (Details Narrative)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ApplicableTaxRate', window );">Tax rate</a></td>
<td class="nump">34.00%<span></span>
</td>
<td class="nump">34.00%<span></span>
</td>
<td class="nump">34.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ContractualLeaseTerm', window );">Lease term</a></td>
<td class="text">1 year<span></span>
</td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProductsAndServicesAxis=afya_TeachingActivitiesMember', window );">Teaching activities [member] | Program of social integration ("pis") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ApplicableTaxRate', window );">Tax rate</a></td>
<td class="nump">0.65%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProductsAndServicesAxis=afya_TeachingActivitiesMember', window );">Teaching activities [member] | Contribution for the financing of social security ("COFINS") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ApplicableTaxRate', window );">Tax rate</a></td>
<td class="nump">3.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProductsAndServicesAxis=afya_NonTeachingActivitiesMember', window );">Non-teaching activities [member] | Program of social integration ("pis") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ApplicableTaxRate', window );">Tax rate</a></td>
<td class="nump">1.65%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProductsAndServicesAxis=afya_NonTeachingActivitiesMember', window );">Non-teaching activities [member] | Contribution for the financing of social security ("COFINS") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SignificantAccountingPoliciesLineItems', window );"><strong>SignificantAccountingPoliciesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ApplicableTaxRate', window );">Tax rate</a></td>
<td class="nump">7.60%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ContractualLeaseTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about contractual lease term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ContractualLeaseTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_SignificantAccountingPoliciesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents significant accounting policies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_SignificantAccountingPoliciesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ApplicableTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The applicable income tax rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ApplicableTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProductsAndServicesAxis=afya_TeachingActivitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProductsAndServicesAxis=afya_TeachingActivitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TaxAuthorityAxis=afya_ProgramOfSocialIntegrationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TaxAuthorityAxis=afya_ProgramOfSocialIntegrationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TaxAuthorityAxis=afya_ContributionForTheFinancingOfSocialSecurityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TaxAuthorityAxis=afya_ContributionForTheFinancingOfSocialSecurityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProductsAndServicesAxis=afya_NonTeachingActivitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProductsAndServicesAxis=afya_NonTeachingActivitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>93
<FILENAME>R54.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550574065384">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>4 Segment information (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="2"><div>Dec. 31, 2020</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">R$ 4,793,093<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">R$ 2,912,453<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">1,405,501<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,111,765<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">3,387,592<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,800,688<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and equity</a></td>
<td class="nump">4,793,093<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,912,453<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">589,379<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">333,229<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">1,369,934<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">465,498<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Equity</a></td>
<td class="nump">2,833,780<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,113,726<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">R$ 590,354<span></span>
</td>
<td class="nump">R$ 46,762<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociates', window );">Investments in associate</a></td>
<td class="nump">51,410<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">45,634<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CapitalExpenditures', window );">Capital expenditures</a></td>
<td class="nump">109,481<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">175,709<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [member] | Business unit one [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">4,541,988<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,714,161<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">1,280,342<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,026,857<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">3,261,646<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,687,304<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and equity</a></td>
<td class="nump">4,541,988<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,714,161<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">522,522<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">312,303<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">1,261,894<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">360,005<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Equity</a></td>
<td class="nump">2,757,572<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,041,853<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociates', window );">Investments in associate</a></td>
<td class="nump">51,410<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">45,634<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CapitalExpenditures', window );">Capital expenditures</a></td>
<td class="nump">82,916<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">167,427<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [member] | Business unit two [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">251,220<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">199,285<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">125,274<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">85,901<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">125,946<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">113,384<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and equity</a></td>
<td class="nump">251,220<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">199,285<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">66,972<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">21,919<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">108,040<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">105,493<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Equity</a></td>
<td class="nump">76,208<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">71,873<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociates', window );">Investments in associate</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CapitalExpenditures', window );">Capital expenditures</a></td>
<td class="nump">26,565<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">8,282<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [member] | Total reportable segments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">4,793,208<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,913,446<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">1,405,616<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,112,758<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">3,387,592<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,800,688<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and equity</a></td>
<td class="nump">4,793,208<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,913,446<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">589,494<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">334,222<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">1,369,934<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">465,498<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Equity</a></td>
<td class="nump">2,833,780<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,113,726<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociates', window );">Investments in associate</a></td>
<td class="nump">51,410<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">45,634<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CapitalExpenditures', window );">Capital expenditures</a></td>
<td class="nump">109,481<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">175,709<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_EliminationOfIntersegmentAmountsMember', window );">Elimination inter-segment transactions [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="num">(115)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(993)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="num">(115)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(993)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and equity</a></td>
<td class="num">(115)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(993)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="num">(115)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(993)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Equity</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociates', window );">Investments in associate</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CapitalExpenditures', window );">Capital expenditures</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="7"></td></tr>
<tr><td colspan="7"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Capital expenditures consider the acquisitions of property and equipment and intangible assets.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Capital expenditures consider the acquisitions of property and equipment and intangible assets, including the acquisition of IPEC licenses in the amount of R$ 108,000 (R$ 54,000 paid and included in the acquisition of intangible assets in the cash flows used in investing activities) as described in Note 11.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CapitalExpenditures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount related to capital expenditures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CapitalExpenditures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of a present economic resource controlled by the entity as a result of past events. Economic resource is a right that has the potential to produce economic benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfOperatingSegmentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentsInAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of investments in associates in an entity's separate financial statements. [Refer: Associates [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentsInAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=ifrs-full_AllOtherSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=ifrs-full_AllOtherSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=afya_AllOtherSegmentsOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=afya_AllOtherSegmentsOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=ifrs-full_ReportableSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=ifrs-full_ReportableSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_EliminationOfIntersegmentAmountsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_EliminationOfIntersegmentAmountsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>94
<FILENAME>R55.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550582494952">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>4 Segment information (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="4">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DepositsFromExternalCustomer', window );">External costumer</a></td>
<td class="nump">R$ 1,201,191<span></span>
</td>
<td class="nump">R$ 750,630<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InterSegment', window );">Inter-segment</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="nump">1,201,191<span></span>
</td>
<td class="nump">750,630<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">R$ 333,935<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of services</a></td>
<td class="num">(434,654)<span></span>
</td>
<td class="num">(308,853)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(168,052)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossProfit', window );">Gross profit</a></td>
<td class="nump">766,537<span></span>
</td>
<td class="nump">441,777<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">165,883<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(402,855)<span></span>
</td>
<td class="num">(239,120)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(70,034)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherGainsLosses', window );">Other expenses, net</a></td>
<td class="num">(347)<span></span>
</td>
<td class="nump">2,594<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating profit</a></td>
<td class="nump">363,335<span></span>
</td>
<td class="nump">205,251<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">96,448<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Finance income</a></td>
<td class="nump">62,290<span></span>
</td>
<td class="nump">51,689<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">10,428<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinanceExpense', window );">Finance expenses</a></td>
<td class="num">(98,269)<span></span>
</td>
<td class="num">(72,365)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Share of income of associate</a></td>
<td class="nump">7,698<span></span>
</td>
<td class="nump">2,362<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income taxes</a></td>
<td class="nump">335,054<span></span>
</td>
<td class="nump">186,937<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">98,722<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income taxes expense</a></td>
<td class="num">(27,067)<span></span>
</td>
<td class="num">(14,175)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(3,988)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="nump">307,987<span></span>
</td>
<td class="nump">172,762<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">R$ 94,734<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [member] | Business unit one [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DepositsFromExternalCustomer', window );">External costumer</a></td>
<td class="nump">1,002,461<span></span>
</td>
<td class="nump">653,760<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InterSegment', window );">Inter-segment</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="nump">1,002,461<span></span>
</td>
<td class="nump">653,760<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of services</a></td>
<td class="num">(381,964)<span></span>
</td>
<td class="num">(279,066)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossProfit', window );">Gross profit</a></td>
<td class="nump">620,497<span></span>
</td>
<td class="nump">374,694<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherGainsLosses', window );">Other expenses, net</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating profit</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Finance income</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinanceExpense', window );">Finance expenses</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Share of income of associate</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income taxes</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income taxes expense</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [member] | Business unit two [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DepositsFromExternalCustomer', window );">External costumer</a></td>
<td class="nump">198,730<span></span>
</td>
<td class="nump">96,870<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InterSegment', window );">Inter-segment</a></td>
<td class="nump">1,619<span></span>
</td>
<td class="nump">3,880<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="nump">200,349<span></span>
</td>
<td class="nump">100,750<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of services</a></td>
<td class="num">(54,309)<span></span>
</td>
<td class="num">(33,667)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossProfit', window );">Gross profit</a></td>
<td class="nump">146,040<span></span>
</td>
<td class="nump">67,083<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherGainsLosses', window );">Other expenses, net</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating profit</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Finance income</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinanceExpense', window );">Finance expenses</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Share of income of associate</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income taxes</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income taxes expense</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [member] | Total reportable segments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DepositsFromExternalCustomer', window );">External costumer</a></td>
<td class="nump">1,201,191<span></span>
</td>
<td class="nump">750,630<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InterSegment', window );">Inter-segment</a></td>
<td class="nump">1,619<span></span>
</td>
<td class="nump">3,880<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="nump">1,202,810<span></span>
</td>
<td class="nump">754,510<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of services</a></td>
<td class="num">(436,273)<span></span>
</td>
<td class="num">(312,733)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossProfit', window );">Gross profit</a></td>
<td class="nump">766,537<span></span>
</td>
<td class="nump">441,777<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherGainsLosses', window );">Other expenses, net</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating profit</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Finance income</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinanceExpense', window );">Finance expenses</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Share of income of associate</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income taxes</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income taxes expense</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=afya_AdjustmentsAndEliminationOFInterSegmentAmountMember', window );">Adjustments and eliminations [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DepositsFromExternalCustomer', window );">External costumer</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InterSegment', window );">Inter-segment</a></td>
<td class="num">(1,619)<span></span>
</td>
<td class="num">(3,880)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="num">(1,619)<span></span>
</td>
<td class="num">(3,880)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of services</a></td>
<td class="nump">1,619<span></span>
</td>
<td class="nump">3,880<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossProfit', window );">Gross profit</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherGainsLosses', window );">Other expenses, net</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating profit</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Finance income</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinanceExpense', window );">Finance expenses</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Share of income of associate</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income taxes</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income taxes expense</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">These eliminations are related to sale transactions from Medcel to other entities in Business Unit 1.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DepositsFromExternalCustomer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deposit from external customer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DepositsFromExternalCustomer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_FinanceExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_FinanceExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_InterSegment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of inter segment net.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_InterSegment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for gain (loss) on disposals investments in subsidiaries, joint ventures and associates to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Associates [member]; Joint ventures [member]; Subsidiaries [member]; Investments in subsidiaries, joint ventures and associates; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs relating to expenses directly or indirectly attributed to the goods or services sold, which may include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, unallocated production overheads and abnormal amounts of production costs of inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfOperatingSegmentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to general and administrative activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GrossProfit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue less cost of sales. [Refer: Cost of sales; Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GrossProfit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2020-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=26&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 82<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B13<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherGainsLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherGainsLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2020-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2020-en-b&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2021-01-01<br> -Name IFRS<br> -Number 17<br> -IssueDate 2020-01-01<br> -Paragraph 113<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_113_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2020-01-01<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from operating activities of the entity. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2020-01-01<br> -Paragraph IE33<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=32&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE33&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2020-01-01<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=ifrs-full_AllOtherSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=ifrs-full_AllOtherSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=afya_AllOtherSegmentsOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=afya_AllOtherSegmentsOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=ifrs-full_ReportableSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=ifrs-full_ReportableSegmentsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentConsolidationItemsAxis=afya_AdjustmentsAndEliminationOFInterSegmentAmountMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentConsolidationItemsAxis=afya_AdjustmentsAndEliminationOFInterSegmentAmountMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<DOCUMENT>
<TYPE>XML
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<FILENAME>R56.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550583981448">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>4 Segment information (Details Narrative)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>Number</div>
</th>
<th class="th">
<div>Dec. 31, 2019 </div>
<div>BRL (R$)</div>
</th>
</tr>
<tr class="re">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
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<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_IPECLicensesMember', window );">IPEC Licenses [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate', window );">Capital expense on acquisitions of property and equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 108,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate', window );">Capital expense on acquisitions of intangible assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 54,000<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NumberOfReportableSegmentNumberOfReportableSegment">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of segments reported by entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NumberOfReportableSegmentNumberOfReportableSegment</td>
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<td>afya_</td>
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<td>xbrli:integerItemType</td>
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<td>na</td>
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<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfOperatingSegmentsLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for identifiable intangible assets acquired in a business combination. [Refer: Intangible assets other than goodwill; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for plant, property and equipment acquired in a business combination. [Refer: Property, plant and equipment; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=afya_IPECLicensesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=afya_IPECLicensesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<TYPE>XML
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550578285176">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>5 Business combinations (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Nov. 09, 2020</div></th>
<th class="th"><div>Nov. 05, 2020</div></th>
<th class="th"><div>Nov. 03, 2020</div></th>
<th class="th"><div>Jul. 20, 2020</div></th>
<th class="th"><div>May 05, 2020</div></th>
<th class="th"><div>Jan. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LiabilitiesAsOfAcquisitionDateAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotesPayables', window );">Notes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 76,181<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_SociedadeUniversitariaRedentorSAMember', window );">Sociedade Universitaria Redentor S.A. ("UniRedentor") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AssetsAsOfAcquisitionDateAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate', window );">Cash and cash and equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 11,796<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeReceivablesAsOfAcquisitionDate', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InventoryRecognisedAsOfAcquisitionDate', window );">Inventories</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RecoverableTaxesAsOfAcquisitionDate', window );">Recoverable taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherAssetsAsOfAcquisitionDate', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,486<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IndemnificationAssets', window );">Indemnification assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">710<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightOfUseAssetsAsOfAcquisitionDate', window );">Right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,265<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate', window );">Property and equipment</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,207<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">142,399<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">176,666<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LiabilitiesAsOfAcquisitionDateAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate', window );">Trade payables</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(746)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(16,187)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LeaseLiabilitiesAsOfAcquisitionDate', window );">Lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(10,265)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsAsOfAcquisitionDate', window );">Labor and social obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,471)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TaxesPayableAsOfAcquisitionDate', window );">Taxes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(850)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProvisionForLegalProceedingsAsOfAcquisitionDate', window );">Provision for legal proceedings</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(710)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdvancesFromCustomersAsOfAcquisitionDate', window );">Advances from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(10,994)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotesPayables', window );">Notes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherLiabilitiesAsOfAcquisitionDate', window );">Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate', window );">Total Liabilites</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(44,223)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate', window );">Total identifiable net assets at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">132,443<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate', window );">Preliminary goodwill arising on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">77,662<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Purchase consideration transferred</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">210,105<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashTransferred', window );">Cash paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">114,607<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PayablInInstallmentsAcquisitionDate', window );">Payable in installments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">95,498<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PaidInAfyaBrazilsShares', window );">Paid in Afya Brazil's shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AnalysisOfCashFlowsOnAcquisitionAbstract', window );"><strong>Analysis of cash flows on acquisition:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs (included in cash flows from operating activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,380)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013', window );">Cash paid, net of cash acquired with the subsidiary (included in cash flows from investing activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(102,811)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetOfCashFlowOnAcquisition', window );">Net of cash flow on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">R$ (104,191)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_CentroUniversitarioSaoLucasLtdaMember', window );">Centro Universitario Sao Lucas Ltda ("UniSL") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AssetsAsOfAcquisitionDateAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate', window );">Cash and cash and equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 3,245<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeReceivablesAsOfAcquisitionDate', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">21,567<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InventoryRecognisedAsOfAcquisitionDate', window );">Inventories</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">467<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RecoverableTaxesAsOfAcquisitionDate', window );">Recoverable taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">822<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherAssetsAsOfAcquisitionDate', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,251<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IndemnificationAssets', window );">Indemnification assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,645<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightOfUseAssetsAsOfAcquisitionDate', window );">Right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">42,062<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate', window );">Property and equipment</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">19,144<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">314,097<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">421,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LiabilitiesAsOfAcquisitionDateAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate', window );">Trade payables</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,554)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(58,541)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LeaseLiabilitiesAsOfAcquisitionDate', window );">Lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(42,062)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsAsOfAcquisitionDate', window );">Labor and social obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(8,070)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TaxesPayableAsOfAcquisitionDate', window );">Taxes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,779)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProvisionForLegalProceedingsAsOfAcquisitionDate', window );">Provision for legal proceedings</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(12,645)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdvancesFromCustomersAsOfAcquisitionDate', window );">Advances from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(6,084)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotesPayables', window );">Notes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(80,526)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherLiabilitiesAsOfAcquisitionDate', window );">Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(14,754)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate', window );">Total Liabilites</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(232,015)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate', window );">Total identifiable net assets at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">189,285<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate', window );">Preliminary goodwill arising on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,420<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Purchase consideration transferred</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">193,705<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashTransferred', window );">Cash paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">141,065<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PayablInInstallmentsAcquisitionDate', window );">Payable in installments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">52,640<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PaidInAfyaBrazilsShares', window );">Paid in Afya Brazil's shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AnalysisOfCashFlowsOnAcquisitionAbstract', window );"><strong>Analysis of cash flows on acquisition:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs (included in cash flows from operating activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,666)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013', window );">Cash paid, net of cash acquired with the subsidiary (included in cash flows from investing activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(137,820)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetOfCashFlowOnAcquisition', window );">Net of cash flow on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">R$ (139,486)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember', window );">Instituicao de Pesquisa Medica e Servicos Tecnologicos da Area da Saude S.A. ("PEBMED") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AssetsAsOfAcquisitionDateAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate', window );">Cash and cash and equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 1,119<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeReceivablesAsOfAcquisitionDate', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,984<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InventoryRecognisedAsOfAcquisitionDate', window );">Inventories</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RecoverableTaxesAsOfAcquisitionDate', window );">Recoverable taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherAssetsAsOfAcquisitionDate', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">161<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IndemnificationAssets', window );">Indemnification assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,350<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightOfUseAssetsAsOfAcquisitionDate', window );">Right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">865<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate', window );">Property and equipment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">391<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">60,372<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">83,242<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LiabilitiesAsOfAcquisitionDateAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate', window );">Trade payables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(9,024)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LeaseLiabilitiesAsOfAcquisitionDate', window );">Lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(865)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsAsOfAcquisitionDate', window );">Labor and social obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,786)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TaxesPayableAsOfAcquisitionDate', window );">Taxes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,210)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProvisionForLegalProceedingsAsOfAcquisitionDate', window );">Provision for legal proceedings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(12,350)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdvancesFromCustomersAsOfAcquisitionDate', window );">Advances from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(9,312)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotesPayables', window );">Notes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherLiabilitiesAsOfAcquisitionDate', window );">Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate', window );">Total Liabilites</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(34,547)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate', window );">Total identifiable net assets at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">48,695<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate', window );">Preliminary goodwill arising on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">84,175<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Purchase consideration transferred</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">132,870<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashTransferred', window );">Cash paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">115,339<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PayablInInstallmentsAcquisitionDate', window );">Payable in installments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PaidInAfyaBrazilsShares', window );">Paid in Afya Brazil's shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">17,531<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AnalysisOfCashFlowsOnAcquisitionAbstract', window );"><strong>Analysis of cash flows on acquisition:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs (included in cash flows from operating activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(613)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013', window );">Cash paid, net of cash acquired with the subsidiary (included in cash flows from investing activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(114,220)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetOfCashFlowOnAcquisition', window );">Net of cash flow on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">R$ (114,833)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember', window );">Faculdade de Ensino Superior da Amazonia Reunida ("FESAR") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AssetsAsOfAcquisitionDateAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate', window );">Cash and cash and equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 4,236<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeReceivablesAsOfAcquisitionDate', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InventoryRecognisedAsOfAcquisitionDate', window );">Inventories</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RecoverableTaxesAsOfAcquisitionDate', window );">Recoverable taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherAssetsAsOfAcquisitionDate', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">42<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IndemnificationAssets', window );">Indemnification assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,871<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightOfUseAssetsAsOfAcquisitionDate', window );">Right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate', window );">Property and equipment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">23,176<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">167,106<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">201,431<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LiabilitiesAsOfAcquisitionDateAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate', window );">Trade payables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(143)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,087)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LeaseLiabilitiesAsOfAcquisitionDate', window );">Lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsAsOfAcquisitionDate', window );">Labor and social obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,801)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TaxesPayableAsOfAcquisitionDate', window );">Taxes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(29)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProvisionForLegalProceedingsAsOfAcquisitionDate', window );">Provision for legal proceedings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(6,871)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdvancesFromCustomersAsOfAcquisitionDate', window );">Advances from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(759)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotesPayables', window );">Notes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherLiabilitiesAsOfAcquisitionDate', window );">Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate', window );">Total Liabilites</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(10,690)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate', window );">Total identifiable net assets at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">190,741<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate', window );">Preliminary goodwill arising on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">71,664<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Purchase consideration transferred</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">262,405<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashTransferred', window );">Cash paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">260,836<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PayablInInstallmentsAcquisitionDate', window );">Payable in installments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,569<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PaidInAfyaBrazilsShares', window );">Paid in Afya Brazil's shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AnalysisOfCashFlowsOnAcquisitionAbstract', window );"><strong>Analysis of cash flows on acquisition:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs (included in cash flows from operating activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2,047)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013', window );">Cash paid, net of cash acquired with the subsidiary (included in cash flows from investing activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(256,600)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetOfCashFlowOnAcquisition', window );">Net of cash flow on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">R$ (258,647)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FaculdadeDeCienciasMedicasDaParaibaMember', window );">Faculdade de Ciencias Medicas da Paraiba ("FCMPB") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AssetsAsOfAcquisitionDateAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate', window );">Cash and cash and equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">R$ 100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeReceivablesAsOfAcquisitionDate', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">8,148<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InventoryRecognisedAsOfAcquisitionDate', window );">Inventories</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RecoverableTaxesAsOfAcquisitionDate', window );">Recoverable taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherAssetsAsOfAcquisitionDate', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">123<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IndemnificationAssets', window );">Indemnification assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightOfUseAssetsAsOfAcquisitionDate', window );">Right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">23,663<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate', window );">Property and equipment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">962<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">264,782<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">297,778<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LiabilitiesAsOfAcquisitionDateAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate', window );">Trade payables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(173)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LeaseLiabilitiesAsOfAcquisitionDate', window );">Lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(23,663)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsAsOfAcquisitionDate', window );">Labor and social obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(3,832)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TaxesPayableAsOfAcquisitionDate', window );">Taxes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(5)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProvisionForLegalProceedingsAsOfAcquisitionDate', window );">Provision for legal proceedings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdvancesFromCustomersAsOfAcquisitionDate', window );">Advances from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,781)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotesPayables', window );">Notes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherLiabilitiesAsOfAcquisitionDate', window );">Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate', window );">Total Liabilites</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(29,454)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate', window );">Total identifiable net assets at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">268,324<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate', window );">Preliminary goodwill arising on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">110,483<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Purchase consideration transferred</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">378,807<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashTransferred', window );">Cash paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">189,913<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PayablInInstallmentsAcquisitionDate', window );">Payable in installments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">188,894<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PaidInAfyaBrazilsShares', window );">Paid in Afya Brazil's shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AnalysisOfCashFlowsOnAcquisitionAbstract', window );"><strong>Analysis of cash flows on acquisition:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs (included in cash flows from operating activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(721)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013', window );">Cash paid, net of cash acquired with the subsidiary (included in cash flows from investing activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(189,813)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetOfCashFlowOnAcquisition', window );">Net of cash flow on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">R$ (190,534)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_MedPhoneTecnologiaEmSaudeLtdaMember', window );">MedPhone Tecnologia em Saude Ltda ("MedPhone") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AssetsAsOfAcquisitionDateAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate', window );">Cash and cash and equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 60<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeReceivablesAsOfAcquisitionDate', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InventoryRecognisedAsOfAcquisitionDate', window );">Inventories</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RecoverableTaxesAsOfAcquisitionDate', window );">Recoverable taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherAssetsAsOfAcquisitionDate', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IndemnificationAssets', window );">Indemnification assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightOfUseAssetsAsOfAcquisitionDate', window );">Right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate', window );">Property and equipment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,727<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,796<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LiabilitiesAsOfAcquisitionDateAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate', window );">Trade payables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LeaseLiabilitiesAsOfAcquisitionDate', window );">Lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsAsOfAcquisitionDate', window );">Labor and social obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TaxesPayableAsOfAcquisitionDate', window );">Taxes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProvisionForLegalProceedingsAsOfAcquisitionDate', window );">Provision for legal proceedings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdvancesFromCustomersAsOfAcquisitionDate', window );">Advances from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotesPayables', window );">Notes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherLiabilitiesAsOfAcquisitionDate', window );">Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(228)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate', window );">Total Liabilites</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(230)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate', window );">Total identifiable net assets at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,566<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate', window );">Preliminary goodwill arising on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,843<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Purchase consideration transferred</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,409<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashTransferred', window );">Cash paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,373<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PayablInInstallmentsAcquisitionDate', window );">Payable in installments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">36<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PaidInAfyaBrazilsShares', window );">Paid in Afya Brazil's shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AnalysisOfCashFlowsOnAcquisitionAbstract', window );"><strong>Analysis of cash flows on acquisition:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs (included in cash flows from operating activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(158)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013', window );">Cash paid, net of cash acquired with the subsidiary (included in cash flows from investing activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(6,313)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetOfCashFlowOnAcquisition', window );">Net of cash flow on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">R$ (6,471)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="8"></td></tr>
<tr><td colspan="8"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">During the measurement period, the preliminary goodwill for the acquisition of UniRedentor was adjusted to R$77,662 (R$90,282 initial goodwill) as a result of an increase of intangible assets from R$134,281 to R$142,399 and a purchase price consideration adjustment of R$ 4,503.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">During the measurement period, the preliminary goodwill for the acquisition of UniSL was adjusted to R$4,422 (R$53,192 previously disclosed) as a result of (i) a purchase consideration decrease of R$7,816 and (ii) adjustments increasing intangible assets of R$ 40,961 and a decrease in property and equipment of R$7.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AdvancesFromCustomersAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for advances from customers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AdvancesFromCustomersAsOfAcquisitionDate</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AnalysisOfCashFlowsOnAcquisitionAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AnalysisOfCashFlowsOnAcquisitionAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AssetsAsOfAcquisitionDateAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AssetsAsOfAcquisitionDateAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_IndemnificationAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of indemnification assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_IndemnificationAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LaborAndSocialObligationsAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It stands for labor and social obligations as of acquisition date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LaborAndSocialObligationsAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LeaseLiabilitiesAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for lease liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LeaseLiabilitiesAsOfAcquisitionDate</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LiabilitiesAsOfAcquisitionDateAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LiabilitiesAsOfAcquisitionDateAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NetOfCashFlowOnAcquisition">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for net of cash flow on acquisition.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NetOfCashFlowOnAcquisition</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NotesPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of notes payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NotesPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_OtherAssetsAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for other assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_OtherAssetsAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_OtherLiabilitiesAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for other liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_OtherLiabilitiesAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_PaidInAfyaBrazilsShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of paid in afya brazils shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_PaidInAfyaBrazilsShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_PayablInInstallmentsAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for payable in installments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_PayablInInstallmentsAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ProvisionForLegalProceedingsAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents provision for legal proceedings as of acquisition date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ProvisionForLegalProceedingsAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RecoverableTaxesAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for recoverable taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RecoverableTaxesAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RightOfUseAssetsAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for right-of-use assets .</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RightOfUseAssetsAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TaxesPayableAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>I represents taxes payable as of acquisition date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TaxesPayableAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TradeReceivablesAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for trade receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TradeReceivablesAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at acquisition date, of the consideration transferred in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_f&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of acquisition-related costs for transactions recognised separately from the acquisition of assets and the assumption of liabilities in business combinations. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph m<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_m&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for borrowings assumed in a business combination. [Refer: Borrowings; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash and cash equivalents in subsidiaries or other businesses over which control is obtained or lost. [Refer: Subsidiaries [member]; Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 40<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_40_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for cash and cash equivalents acquired in a business combination. [Refer: Cash and cash equivalents; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at acquisition date, of cash transferred as consideration in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_f_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for financial assets acquired in a business combination. [Refer: Financial assets; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for financial liabilities assumed in a business combination. [Refer: Financial liabilities; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the business combination's acquisition date for goodwill. [Refer: Goodwill; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GoodwillRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for identifiable intangible assets acquired in a business combination. [Refer: Intangible assets other than goodwill; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for indemnification assets acquired in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph g<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_g_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InventoryRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for inventory acquired in a business combination. [Refer: Inventories; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InventoryRecognisedAsOfAcquisitionDate</td>
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<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for plant, property and equipment acquired in a business combination. [Refer: Property, plant and equipment; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for trade and other payables assumed in a business combination. [Refer: Trade and other payables; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_SociedadeUniversitariaRedentorSAMember</td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598782120">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>5 Business combinations (Details 1) - Sociedade Universitaria Redentor S.A. ("UniRedentor") [member]<br></strong></div></th>
<th class="th"><div>Jan. 31, 2020</div></th>
</tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_SociedadeUniversitariaRedentorSAMember', window );">Licenses [member]</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">With-and-without method - The with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_SociedadeUniversitariaRedentorSAMember', window );">Customer relationships [member]</a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Multi-period excess earnings method - The method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows related to contributory assets.<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the valuation techniques and significant inputs used to measure non-controlling interest in an acquiree measured at fair value for business combinations in which the acquirer holds less than 100 per cent of the equity interests in the acquiree at the acquisition date. [Refer: At fair value [member]; Business combinations [member]; Valuation techniques [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph o<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_o_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=afya_SociedadeUniversitariaRedentorSAMember</td>
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<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember</td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550585104824">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>5 Business combinations (Details 2) - Centro Universitario Sao Lucas Ltda ("UniSL") [member]<br></strong></div></th>
<th class="th"><div>May 05, 2020</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_CentroUniversitarioSaoLucasLtdaMember', window );">Licenses [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">With-and-without method - The with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_CentroUniversitarioSaoLucasLtdaMember', window );">Customer relationships [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Multi-period excess earnings method - The method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows related to contributory assets.<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the valuation techniques and significant inputs used to measure non-controlling interest in an acquiree measured at fair value for business combinations in which the acquirer holds less than 100 per cent of the equity interests in the acquiree at the acquisition date. [Refer: At fair value [member]; Business combinations [member]; Valuation techniques [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph o<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_o_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=afya_CentroUniversitarioSaoLucasLtdaMember</td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=afya_LicensesMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587805432">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>5 Business combinations (Details 3) - Instituicao de Pesquisa Medica e Servicos Tecnologicos da Area da Saude S.A. ("PEBMED") [member]<br></strong></div></th>
<th class="th"><div>Jul. 20, 2020</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_BrandNamesMember', window );">Trademarks [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Relief from royalty - This methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember', window );">Customer relationships [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Multi-period excess earnings method - The method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows related to contributory assets.<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_TechnologybasedIntangibleAssetsMember', window );">Developed technology [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Replacement cost - This methodology is based on the estimated cost of replacing the referred asset with a new one (acquisition or reconstruction), adjusted to reflect the losses in value resulting from the physical deterioration and the functional and economic obsolescence of that asset.<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the valuation techniques and significant inputs used to measure non-controlling interest in an acquiree measured at fair value for business combinations in which the acquirer holds less than 100 per cent of the equity interests in the acquiree at the acquisition date. [Refer: At fair value [member]; Business combinations [member]; Valuation techniques [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph o<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_o_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_BrandNamesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstituicaoDePesquisaMedicaeServicosTecnologicosDaAreaDaSaudeSAMember</td>
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<td><strong> Name:</strong></td>
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<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_TechnologybasedIntangibleAssetsMember</td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598350856">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>5 Business combinations (Details 4) - Faculdade de Ensino Superior da Amazonia Reunida ("FESAR") [member]<br></strong></div></th>
<th class="th"><div>Nov. 03, 2020</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember', window );">Licenses [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">With-and-without method - The with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember', window );">Customer relationships [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Multi-period excess earnings method - The method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows related to contributory assets.<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the valuation techniques and significant inputs used to measure non-controlling interest in an acquiree measured at fair value for business combinations in which the acquirer holds less than 100 per cent of the equity interests in the acquiree at the acquisition date. [Refer: At fair value [member]; Business combinations [member]; Valuation techniques [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph o<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_o_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=afya_FaculdadeDeEnsinoSuperiorDaAmazoniaReunidaMember</td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_LicencesMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<html>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550646606984">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>5 Business combinations (Details 5) - MedPhone Tecnologia em Saude Ltda ("MedPhone") [member]<br></strong></div></th>
<th class="th"><div>Nov. 05, 2020</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_BrandNamesMember', window );">Trademarks [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Relief from royalty - This methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember', window );">Customer relationships [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Multi-period excess earnings method - The method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows related to contributory assets.<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_TechnologybasedIntangibleAssetsMember', window );">Developed technology [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Replacement cost - This methodology is based on the estimated cost of replacing the referred asset with a new one (acquisition or reconstruction), adjusted to reflect the losses in value resulting from the physical deterioration and the functional and economic obsolescence of that asset.<span></span>
</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the valuation techniques and significant inputs used to measure non-controlling interest in an acquiree measured at fair value for business combinations in which the acquirer holds less than 100 per cent of the equity interests in the acquiree at the acquisition date. [Refer: At fair value [member]; Business combinations [member]; Valuation techniques [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph o<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_o_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_BrandNamesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_MedPhoneTecnologiaEMSaudeLtdMember</td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember</td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_TechnologybasedIntangibleAssetsMember</td>
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<DOCUMENT>
<TYPE>XML
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<html>
<head>
<title></title>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550641656872">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>5 Business combinations (Details 6) - Faculdade de Ciencias Medicas da Paraiba ("FCMPB") [member]<br></strong></div></th>
<th class="th"><div>Nov. 09, 2020</div></th>
</tr>
<tr class="rh">
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<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
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<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">With-and-without method - The with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_FaculdadeDeCienciasMedicasDaParaibaMember', window );">Customer relationships [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Multi-period excess earnings method - The method considers the present value of net cash flows expected to be generated by customer relationships, by excluding any cash flows related to contributory assets.<span></span>
</td>
</tr>
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<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the valuation techniques and significant inputs used to measure non-controlling interest in an acquiree measured at fair value for business combinations in which the acquirer holds less than 100 per cent of the equity interests in the acquiree at the acquisition date. [Refer: At fair value [member]; Business combinations [member]; Valuation techniques [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph o<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_o_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=afya_FaculdadeDeCienciasMedicasDaParaibaMember</td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_LicencesMember</td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>103
<FILENAME>R64.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550583507768">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>5 Business combinations (Details 7) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>May 09, 2019</div></th>
<th class="th"><div>Apr. 03, 2019</div></th>
<th class="th"><div>Mar. 29, 2019</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoEducacionalSantoAgostinhoSAMember', window );">Instituto educacional santo agostinho s.a. ("FASA") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AssetsAsOfAcquisitionDateAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate', window );">Cash and cash and equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 3,834<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RestrictCashAsOfAcquisitionDate', window );">Restrict cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,561<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeReceivablesAsOfAcquisitionDate', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,832<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InventoryRecognisedAsOfAcquisitionDate', window );">Inventories</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RecoverableTaxesAsOfAcquisitionDate', window );">Recoverable taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherAssetsAsOfAcquisitionDate', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">458<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightOfUseAssetsAsOfAcquisitionDate', window );">Right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">47,789<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate', window );">Property and equipment</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">22,946<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentInAssociateAsOfAcquisitionDate', window );">Investment in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">171,511<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">253,931<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LiabilitiesAsOfAcquisitionDateAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate', window );">Trade payables</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,133)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(35,419)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LeaseLiabilitiesAsOfAcquisitionDate', window );">Lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(47,793)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsAsOfAcquisitionDate', window );">Labor and social obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,254)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TaxesPayableAsOfAcquisitionDate', window );">Taxes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(483)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProvisionForLegalProceedingsAsOfAcquisitionDate', window );">Provision for legal proceedings</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,684)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdvancesFromCustomersAsOfAcquisitionDate', window );">Advances from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,192)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherLiabilitiesAsOfAcquisitionDate', window );">Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(460)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate', window );">Total Liabilites</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(95,418)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate', window );">Total identifiable net assets at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">158,513<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate', window );">Non-controlling interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(15,851)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate', window );">Goodwill arising on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">58,903<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Purchase consideration transferred</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">201,565<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashTransferred', window );">Cash paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">102,330<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherTangibleOrIntangibleAssetsTransferred', window );">Capital contribution</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PayablInInstallmentsAcquisitionDate', window );">Payable in installments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">99,235<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs (included in cash flows from operating activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,887)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013', window );">Cash paid net of cash acquired with the subsidiary (included in cash flows from investing activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(98,496)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetOfCashFlowOnAcquisition', window );">Net of cash flow on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">R$ (100,383)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember', window );">Instituto de pesquisa e ensino medico do estado de minas gerais ltda. ("IPEMED") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AssetsAsOfAcquisitionDateAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate', window );">Cash and cash and equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">R$ 307<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RestrictCashAsOfAcquisitionDate', window );">Restrict cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeReceivablesAsOfAcquisitionDate', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">8,965<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InventoryRecognisedAsOfAcquisitionDate', window );">Inventories</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RecoverableTaxesAsOfAcquisitionDate', window );">Recoverable taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherAssetsAsOfAcquisitionDate', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">3,266<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightOfUseAssetsAsOfAcquisitionDate', window );">Right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">8,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate', window );">Property and equipment</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">3,676<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentInAssociateAsOfAcquisitionDate', window );">Investment in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">33,039<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">58,053<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LiabilitiesAsOfAcquisitionDateAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate', window );">Trade payables</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(4,908)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(3,592)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LeaseLiabilitiesAsOfAcquisitionDate', window );">Lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(8,965)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsAsOfAcquisitionDate', window );">Labor and social obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(1,575)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TaxesPayableAsOfAcquisitionDate', window );">Taxes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(26,503)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProvisionForLegalProceedingsAsOfAcquisitionDate', window );">Provision for legal proceedings</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(2,008)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdvancesFromCustomersAsOfAcquisitionDate', window );">Advances from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(607)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherLiabilitiesAsOfAcquisitionDate', window );">Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate', window );">Total Liabilites</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(48,158)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate', window );">Total identifiable net assets at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">9,895<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate', window );">Non-controlling interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate', window );">Goodwill arising on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">87,647<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Purchase consideration transferred</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">97,542<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashTransferred', window );">Cash paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">52,239<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherTangibleOrIntangibleAssetsTransferred', window );">Capital contribution</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PayablInInstallmentsAcquisitionDate', window );">Payable in installments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">45,303<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs (included in cash flows from operating activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(180)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013', window );">Cash paid net of cash acquired with the subsidiary (included in cash flows from investing activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(51,932)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetOfCashFlowOnAcquisition', window );">Net of cash flow on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">R$ (52,112)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_GuardayaEmpreendimentosAndParticipacoesSAMember', window );">Guardaya empreendimentos and participacoes s.a. ("guardaya") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AssetsAsOfAcquisitionDateAbstract', window );"><strong>Assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate', window );">Cash and cash and equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 1,548<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RestrictCashAsOfAcquisitionDate', window );">Restrict cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeReceivablesAsOfAcquisitionDate', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">44,277<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InventoryRecognisedAsOfAcquisitionDate', window );">Inventories</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,581<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RecoverableTaxesAsOfAcquisitionDate', window );">Recoverable taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">280<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherAssetsAsOfAcquisitionDate', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">489<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightOfUseAssetsAsOfAcquisitionDate', window );">Right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,556<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate', window );">Property and equipment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,594<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentInAssociateAsOfAcquisitionDate', window );">Investment in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">24,458<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate', window );">Intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">59,977<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">139,760<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LiabilitiesAsOfAcquisitionDateAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate', window );">Trade payables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(454)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,076)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LeaseLiabilitiesAsOfAcquisitionDate', window );">Lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,607)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsAsOfAcquisitionDate', window );">Labor and social obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,844)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TaxesPayableAsOfAcquisitionDate', window );">Taxes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,571)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProvisionForLegalProceedingsAsOfAcquisitionDate', window );">Provision for legal proceedings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(680)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdvancesFromCustomersAsOfAcquisitionDate', window );">Advances from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherLiabilitiesAsOfAcquisitionDate', window );">Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,709)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate', window );">Total Liabilites</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(19,941)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate', window );">Total identifiable net assets at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">119,819<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate', window );">Non-controlling interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate', window );">Goodwill arising on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">139,294<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Purchase consideration transferred</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">259,113<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashTransferred', window );">Cash paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherTangibleOrIntangibleAssetsTransferred', window );">Capital contribution</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">259,113<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PayablInInstallmentsAcquisitionDate', window );">Payable in installments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs (included in cash flows from operating activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(482)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013', window );">Cash paid net of cash acquired with the subsidiary (included in cash flows from investing activities)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,548<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetOfCashFlowOnAcquisition', window );">Net of cash flow on acquisition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 1,066<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">During the measurement period, the purchase consideration for the acquisition of FASA was adjusted by R$3,022 as a result of purchase price adjustments. Accordingly, goodwill was updated to R$58,903.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">During the measurement period of the assets acquired and liabilities assumed at the fair value, the Company has identified R$1,320 of indemnification assets, related to the acquisition of IPEMED.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AdvancesFromCustomersAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for advances from customers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AdvancesFromCustomersAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AssetsAsOfAcquisitionDateAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AssetsAsOfAcquisitionDateAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_InvestmentInAssociateAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for investment in associate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_InvestmentInAssociateAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LaborAndSocialObligationsAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It stands for labor and social obligations as of acquisition date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LaborAndSocialObligationsAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LeaseLiabilitiesAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for lease liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LeaseLiabilitiesAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LiabilitiesAsOfAcquisitionDateAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LiabilitiesAsOfAcquisitionDateAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NetOfCashFlowOnAcquisition">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for net of cash flow on acquisition.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NetOfCashFlowOnAcquisition</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_OtherAssetsAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for other assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_OtherAssetsAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_OtherLiabilitiesAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for other liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_OtherLiabilitiesAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_PayablInInstallmentsAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for payable in installments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_PayablInInstallmentsAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ProvisionForLegalProceedingsAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents provision for legal proceedings as of acquisition date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ProvisionForLegalProceedingsAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RecoverableTaxesAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for recoverable taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RecoverableTaxesAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RestrictCashAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for restrict cash.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RestrictCashAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RightOfUseAssetsAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for right-of-use assets .</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RightOfUseAssetsAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TaxesPayableAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>I represents taxes payable as of acquisition date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TaxesPayableAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TradeReceivablesAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for trade receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TradeReceivablesAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at acquisition date, of the consideration transferred in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_f&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of acquisition-related costs for transactions recognised separately from the acquisition of assets and the assumption of liabilities in business combinations. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph m<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_m&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for borrowings assumed in a business combination. [Refer: Borrowings; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash and cash equivalents in subsidiaries or other businesses over which control is obtained or lost. [Refer: Subsidiaries [member]; Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 40<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_40_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for cash and cash equivalents acquired in a business combination. [Refer: Cash and cash equivalents; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at acquisition date, of cash transferred as consideration in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_f_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for financial assets acquired in a business combination. [Refer: Financial assets; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for financial liabilities assumed in a business combination. [Refer: Financial liabilities; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the business combination's acquisition date for goodwill. [Refer: Goodwill; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GoodwillRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for identifiable intangible assets acquired in a business combination. [Refer: Intangible assets other than goodwill; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for indemnification assets acquired in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph g<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_g_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IndemnificationAssetsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InventoryRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for inventory acquired in a business combination. [Refer: Inventories; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InventoryRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-controlling interest in the acquiree recognised at the acquisition date for business combinations in which the acquirer holds less than 100 per cent of the equity interests in the acquiree at the acquisition date. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph o<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_o_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherTangibleOrIntangibleAssetsTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at acquisition date, of other tangible or intangible assets (including a business or subsidiary of the acquirer) transferred as consideration in a business combination, that the entity does not separately disclose in the same note. [Refer: Intangible assets other than goodwill; Business combinations [member]; Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_f_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherTangibleOrIntangibleAssetsTransferred</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for plant, property and equipment acquired in a business combination. [Refer: Property, plant and equipment; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for trade and other payables assumed in a business combination. [Refer: Trade and other payables; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598489256">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>5 Business combinations (Details 8) - Guardaya Empreendimentos and Participacoes S.A. ("Guardaya") [Member]<br></strong></div></th>
<th class="th"><div>Mar. 29, 2019</div></th>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="re">
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<td class="text">Relief-from-royalty - This methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by the savings of royalties that the owner would have to own the asset. It is necessary to determine a royalty rate that reflects the appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_GuardayaEmpreendimentosAndParticipacoesSAMember', window );">Customer relationships [member]</a></td>
<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Multi-period excess earning method - The method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows related to contributory assets.<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_GuardayaEmpreendimentosAndParticipacoesSAMember', window );">Educational content [member]</a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Replacement cost - This methodology is based on the estimate of the cost of replacing the asset with a new one (acquisition or reconstruction), adjusted to reflect the losses of value resulting from the physical deterioration and the economic functional obsolescence of the asset.<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the valuation techniques and significant inputs used to measure non-controlling interest in an acquiree measured at fair value for business combinations in which the acquirer holds less than 100 per cent of the equity interests in the acquiree at the acquisition date. [Refer: At fair value [member]; Business combinations [member]; Valuation techniques [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph o<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_o_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550586509880">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>5 Business combinations (Details 9) - Instituto Educacional Santo Agostinho S.A. ("FASA") [Member]<br></strong></div></th>
<th class="th"><div>Apr. 03, 2019</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_LicencesMember', window );">Licences [member]</a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">With-and-without method - The with-and-without method consists of estimating the fair value of an asset by the difference between the value of this asset in two scenarios: a scenario considering the existence of the asset in question and another considering its non-existence.<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember', window );">Customer relationships [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Multi-period excess earning method - The method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows related to contributory assets.<span></span>
</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the valuation techniques and significant inputs used to measure non-controlling interest in an acquiree measured at fair value for business combinations in which the acquirer holds less than 100 per cent of the equity interests in the acquiree at the acquisition date. [Refer: At fair value [member]; Business combinations [member]; Valuation techniques [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph o<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_o_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoEducacionalSantoAgostinhoSAMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember</td>
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<TEXT>
<html>
<head>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550588133032">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>5 Business combinations (Details 10) - Instituto De Pesquisa E Ensino Medico Do Estado De Minas Gerais Ltda. ("IPEMED") [Member]<br></strong></div></th>
<th class="th"><div>May 09, 2019</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_BrandNamesMember', window );">Trademarks [member]</a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Relief-from-royalty - This methodology is based on the market remuneration of the use license granted to third parties. The value of the asset is restated by the savings of royalties that the owner would have to own the asset. And it is necessary to determine a royalty rate that reflects the appropriate remuneration of the asset. The royalty payments, net of taxes, are discounted to present value.<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember', window );">Customer relationships [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue', window );">Valuation technique</a></td>
<td class="text">Multi-period excess earning method - The method considers the present value of net cash flows expected to be generated by customer relationship, by excluding any cash flows related to contributory assets.<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the valuation techniques and significant inputs used to measure non-controlling interest in an acquiree measured at fair value for business combinations in which the acquirer holds less than 100 per cent of the equity interests in the acquiree at the acquisition date. [Refer: At fair value [member]; Business combinations [member]; Valuation techniques [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph o<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_o_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfValuationTechniquesAndKeyModelInputsUsedForDeterminingNoncontrollingInterestInAnAcquireeMeasuredAtFairValue</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<html>
<head>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550577546312">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>5 Business combinations (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Nov. 09, 2020</div></th>
<th class="th"><div>Nov. 04, 2020</div></th>
<th class="th"><div>Nov. 03, 2020</div></th>
<th class="th"><div>Jul. 20, 2020</div></th>
<th class="th"><div>May 05, 2020</div></th>
<th class="th"><div>Jan. 31, 2020</div></th>
<th class="th"><div>May 09, 2019</div></th>
<th class="th"><div>Apr. 03, 2019</div></th>
<th class="th"><div>Mar. 29, 2019</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 1,201,191<span></span>
</td>
<td class="nump">R$ 750,630<span></span>
</td>
<td class="nump">R$ 333,935<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income loss before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 335,054<span></span>
</td>
<td class="nump">R$ 186,937<span></span>
</td>
<td class="nump">R$ 98,722<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_GuardayaMember', window );">Guardaya [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAcquiree', window );">Description of acquiree</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Afya Brazil merged (i) BR Health, a wholly-owned subsidiary of Crescera that controls Guardaya and is one of Afya Brazil's shareholders; and (ii) Guardaya which owns 100% of Medcel Editora and CBB Web, resulting in the transfer to Afya Brazil of 100% of Medcel Editora and CBB Web shares. In connection with the transaction 15% of UEPC's shares were acquired. Afya Brazil issued 378,696 common shares as a consideration for the interest in BR Health and Guardaya. The fair value of the consideration given was R$ 259,113. This transaction was strategic to the Company and was accounted for under IFRS 3 &#8211; Business Combinations.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueOfAcquiree', window );">Revenue of acquiree since acquisition date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 40,554<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProfitLossBeforeIncomeTaxOfAcquiree', window );">Profit (loss) of acquiree since acquisition date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,786<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">482<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">75,238<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income loss before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 21,924<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_FCMPBMember', window );">FCMPB [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAcquiree', window );">Description of acquiree</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">The total net purchase price of R$379,913 was adjusted to Rincreased by R$ 142 and income before income taxes for 2020 would have been decreased by R$ 46.$378,807 and is comprised of (i) R$189,913 paid in cash on the transaction closing date, and (ii) R$188,894 is payable in cash in four equal installments through 2024, adjusted by the CDI rate.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">R$ 721<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10,509<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income loss before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">R$ 3,570<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_MedPhoneMember', window );">MEDPHONE [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAcquiree', window );">Description of acquiree</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">The net purchase price was R$6,373 of which 100% was paid in cash on the closing of the operation. The purchase price was adjusted to R$6,409, this price adjustment of R$ 36 was paid on February 2, 2021.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 158<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">49<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income loss before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">57<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncreaseInRevenue', window );">Increase in revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">142<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DecreasedInIncomeBeforeIncomeTaxes', window );">Decreased in income before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 46<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_FESARMember', window );">FESAR [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAcquiree', window );">Description of acquiree</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">The aggregate purchase price was R$260,836, including the CDI rate adjustment from the signing date and the real state of the operation, estimated at R$ 17,397, of which 100% was paid in cash on the closing of the operation. The purchase consideration was adjusted by R$1,569 and was paid on February 25, 2021.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 2,047<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,280<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income loss before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,751<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncreaseInRevenue', window );">Increase in revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">29,113<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncreaseInIncomeBeforeIncomeTaxes', window );">Increase in income before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 14,918<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_PEBMEDMember', window );">PEBMED [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAcquiree', window );">Description of acquiree</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">The original purchase price of R$ 132,900 was adjusted by R$ 30 and was comprised by: i) R$115,339 paid in cash on the acquisition date; and ii) R$ 17,531 was paid with Afya Brazil&#8217;s shares which were afterwards contributed to the Company in exchange of issuance of 141,976 of its own shares.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 613<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">17,535<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income loss before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,413<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncreaseInRevenue', window );">Increase in revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">17,452<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DecreasedInIncomeBeforeIncomeTaxes', window );">Decreased in income before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 1,813<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_UniSLMember', window );">UniSL [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAcquiree', window );">Description of acquiree</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">The original purchase consideration of R$201,521 was adjusted by R$7,816, of which: (i) 70% is payable in cash on the transaction closing date, and (ii) 30% is payable in cash in three equal installments through 2023, adjusted by the CDI rate. The purchase consideration adjustment of R$7,816 will be deducted from the first installment due in May 2021.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 1,666<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">113,894<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income loss before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30,648<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncreaseInRevenue', window );">Increase in revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">57,477<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdditionalPaymentMade', window );">Additional payment made</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">80,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncreaseInIncomeBeforeIncomeTaxes', window );">Increase in income before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 9,455<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=afya_UniRedentorMember', window );">UniRedentor [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAcquiree', window );">Description of acquiree</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">The original purchase price of R$214,608, was adjusted by R$4,503 and was comprised by: i) R$114,607 paid in cash on the acquisition date; and ii) R$100,000 is payable in five equal installments from January 2021 to July 2024, adjusted by the CDI rate. The purchase consideration adjustment of R$4,503 will be deducted from the first installment due in January 2021<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 1,380<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,509<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income loss before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 3,570<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember', window );">Instituto de pesquisa e ensino medico do estado de minas gerais ltda. ("IPEMED") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAcquiree', window );">Description of acquiree</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">IPEMED is a post-secondary education institution with campuses located in the states of Bahia, Minas Gerais, Rio de Janeiro, S&#227;o Paulo and in the Distrito Federal. It focuses on medical graduate programs. The purchase price was R$ 97,542, being: i) R$ 25,000 paid in cash as advance through April 2019; ii) R$ 27,239 paid in cash on the acquisition date; iii) R$45,303 payable in five annual installments due from February 2020 to February 2024 adjusted by the Interbank Certificates of Deposit ("CDI") rate. This transaction was strategic to the Company and was accounted for under IFRS 3 &#8211; Business Combinations.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Purchase consideration transferred</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 97,542<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate', window );">Goodwill recognised</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">87,647<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueOfAcquiree', window );">Revenue of acquiree since acquisition date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">43,244<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProfitLossBeforeIncomeTaxOfAcquiree', window );">Profit (loss) of acquiree since acquisition date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,735<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueOfCombinedEntity', window );">Revenue of combined entity as if combination occurred at beginning of period</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">67,594<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProfitLossBeforeIncomeTaxOfCombinedEntity', window );">Profit (loss) of combined entity as if combination occurred at beginning of period</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,808<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashTransferred', window );">Cash paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">52,239<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PayablInInstallmentsAcquisitionDate', window );">Payable in installments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">45,303<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">R$ (180)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DescriptionOfAdjustment', window );">Description of adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">R$45,303 payable in five annual installments due from February 2020 to February 2024 adjusted by the Interbank Certificates of Deposit ("CDI") rate.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoEducacionalSantoAgostinhoSAMember', window );">Instituto educacional santo agostinho s.a. ("FASA") [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">90.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAcquiree', window );">Description of acquiree</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">The purchase price of R$ 201,565 is comprised by: i) R$ 102,330 paid in cash on the acquisition date; ii) R$ 39,695 payable in April 2020; iii) R$ 29,770 payable in April 2021; and iv) R$ 29,770 payable in April 2022, adjusted by the IPCA rate + 4.1% per year. This transaction was strategic to the Company and was accounted for under IFRS 3 &#8211; Business Combinations. There isare no contingent consideration associated with the acquisition of FASA.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Purchase consideration transferred</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 201,565<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate', window );">Goodwill recognised</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">58,903<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueOfAcquiree', window );">Revenue of acquiree since acquisition date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">69,996<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProfitLossBeforeIncomeTaxOfAcquiree', window );">Profit (loss) of acquiree since acquisition date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,501<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueOfCombinedEntity', window );">Revenue of combined entity as if combination occurred at beginning of period</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">90,063<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProfitLossBeforeIncomeTaxOfCombinedEntity', window );">Profit (loss) of combined entity as if combination occurred at beginning of period</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,872<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashTransferred', window );">Cash paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">102,330<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PayablInInstallmentsAcquisitionDate', window );">Payable in installments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">99,235<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination', window );">Transaction costs</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">R$ (1,887)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DescriptionOfAdjustment', window );">Description of adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">IPCA rate + 4.1% per year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="13"></td></tr>
<tr><td colspan="13"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">During the measurement period of the assets acquired and liabilities assumed at the fair value, the Company has identified R$1,320 of indemnification assets, related to the acquisition of IPEMED.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">During the measurement period, the purchase consideration for the acquisition of FASA was adjusted by R$3,022 as a result of purchase price adjustments. Accordingly, goodwill was updated to R$58,903.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AdditionalPaymentMade">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additional payment made.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AdditionalPaymentMade</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DecreasedInIncomeBeforeIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of decreased in income before income taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DecreasedInIncomeBeforeIncomeTaxes</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DescriptionOfAdjustment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of adjustment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DescriptionOfAdjustment</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_IncreaseInIncomeBeforeIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in income before income taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_IncreaseInIncomeBeforeIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_IncreaseInRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of increase in revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_IncreaseInRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_PayablInInstallmentsAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for payable in installments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_PayablInInstallmentsAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ProfitLossBeforeIncomeTaxOfAcquiree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before income tax of the acquiree, since the acquisition date, included in the consolidated statement of comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ProfitLossBeforeIncomeTaxOfAcquiree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ProfitLossBeforeIncomeTaxOfCombinedEntity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before income tax of the combined entity as though the acquisition date for all business combinations that occurred during the year had been as of the beginning of the annual reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ProfitLossBeforeIncomeTaxOfCombinedEntity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at acquisition date, of the consideration transferred in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_f&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of acquisition-related costs for transactions recognised separately from the acquisition of assets and the assumption of liabilities in business combinations. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph m<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_m&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitionrelatedCostsForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at acquisition date, of cash transferred as consideration in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_f_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAcquiree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the business or businesses that the acquirer obtains control of in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAcquiree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfBusinessCombinationsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the business combination's acquisition date for goodwill. [Refer: Goodwill; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GoodwillRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of voting equity interests acquired in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_c&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PercentageOfVotingEquityInterestsAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2020-01-01<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2020-01-01<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueOfAcquiree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue of the acquiree since the acquisition date included in the consolidated statement of comprehensive income. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph q<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_q_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueOfAcquiree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueOfCombinedEntity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The revenue of the combined entity as though the acquisition date for all business combinations that occurred during the year had been as of the beginning of the annual reporting period. [Refer: Business combinations [member]; Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph q<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_q_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueOfCombinedEntity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=afya_GuardayaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=afya_GuardayaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=afya_FCMPBMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=afya_FCMPBMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=afya_MedPhoneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=afya_MedPhoneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=afya_FESARMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=afya_FESARMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=afya_PEBMEDMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=afya_PEBMEDMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=afya_UniSLMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=afya_UniSLMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=afya_UniRedentorMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=afya_UniRedentorMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoEducacionalSantoAgostinhoSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoEducacionalSantoAgostinhoSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>108
<FILENAME>R69.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550646601224">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>6 Cash and cash equivalents (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsAbstract', window );"><strong>Cash and cash equivalents [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Cash', window );">Cash and bank deposits</a></td>
<td class="nump">R$ 57,729<span></span>
</td>
<td class="nump">R$ 13,092<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashEquivalents', window );">Cash equivalents (a)</a></td>
<td class="nump">987,313<span></span>
</td>
<td class="nump">930,117<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">R$ 1,045,042<span></span>
</td>
<td class="nump">R$ 943,209<span></span>
</td>
<td class="nump">R$ 62,260<span></span>
</td>
<td class="nump">R$ 25,490<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Cash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits. [Refer: Cash on hand]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Cash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>109
<FILENAME>R70.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598457176">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>6 Cash and cash equivalents (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashAndCashEquivalentLineItems', window );"><strong>CashAndCashEquivalentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashEquivalents', window );">Cash equivalents (a)</a></td>
<td class="nump">R$ 987,313<span></span>
</td>
<td class="nump">R$ 930,117<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_CurrencyAxis=afya_USDMember', window );">U.S. dollars</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashAndCashEquivalentLineItems', window );"><strong>CashAndCashEquivalentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashEquivalents', window );">Cash equivalents (a)</a></td>
<td class="nump">R$ 70,523<span></span>
</td>
<td class="nump">R$ 2,529<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_BankCertificatesOfDepositMember', window );">Bank Certificates of Deposit [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashAndCashEquivalentLineItems', window );"><strong>CashAndCashEquivalentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PercenatgeOfAverageInterestOnFinancialInstrument', window );">Percentage of average interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">99.22%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_InterbankCertificatesOfDepositMember', window );">Interbank Certificates Of Deposit [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashAndCashEquivalentLineItems', window );"><strong>CashAndCashEquivalentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PercenatgeOfAverageInterestOnFinancialInstrument', window );">Percentage of average interest</a></td>
<td class="nump">90.95%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CashAndCashEquivalentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The line represents concepts include in a table. These concepts are used to discloure reportable information associated with domain member defined in one or more axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CashAndCashEquivalentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_PercenatgeOfAverageInterestOnFinancialInstrument">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of average interest on financial intrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_PercenatgeOfAverageInterestOnFinancialInstrument</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_CurrencyAxis=afya_USDMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_CurrencyAxis=afya_USDMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_BankCertificatesOfDepositMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=afya_BankCertificatesOfDepositMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_InterbankCertificatesOfDepositMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=afya_InterbankCertificatesOfDepositMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>110
<FILENAME>R71.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550583306072">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>7 Trade receivables (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeAndOtherReceivablesLineItems', window );"><strong>TradeAndOtherReceivablesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ReceivablesGross', window );">Trade receivables, gross</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">R$ 342,924<span></span>
</td>
<td class="nump">R$ 150,003<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AllowanceForDoubtfulAccountsFoReceivable', window );">(-) Allowance for doubtful accounts</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(32,980)<span></span>
</td>
<td class="num">(14,763)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Trade receivables, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">309,944<span></span>
</td>
<td class="nump">135,240<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">302,317<span></span>
</td>
<td class="nump">125,439<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentTradeReceivables', window );">Non-current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,627<span></span>
</td>
<td class="nump">9,801<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_TuitionFeesMember', window );">Tuition Fees [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeAndOtherReceivablesLineItems', window );"><strong>TradeAndOtherReceivablesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ReceivablesGross', window );">Trade receivables, gross</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">195,318<span></span>
</td>
<td class="nump">80,156<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_OthersMember', window );">Others [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeAndOtherReceivablesLineItems', window );"><strong>TradeAndOtherReceivablesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ReceivablesGross', window );">Trade receivables, gross</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10,476<span></span>
</td>
<td class="nump">5,005<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_FIESMember', window );">FIES [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeAndOtherReceivablesLineItems', window );"><strong>TradeAndOtherReceivablesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ReceivablesGross', window );">Trade receivables, gross</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">49,425<span></span>
</td>
<td class="nump">17,789<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_EducationalContentMember', window );">Educational Content [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeAndOtherReceivablesLineItems', window );"><strong>TradeAndOtherReceivablesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ReceivablesGross', window );">Trade receivables, gross</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">62,931<span></span>
</td>
<td class="nump">37,154<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_EducationalCreditsMember', window );">Educational credits [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeAndOtherReceivablesLineItems', window );"><strong>TradeAndOtherReceivablesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ReceivablesGross', window );">Trade receivables, gross</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">11,248<span></span>
</td>
<td class="nump">9,899<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_MobileAppSubscriptionMember', window );">Mobile app subscription [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeAndOtherReceivablesLineItems', window );"><strong>TradeAndOtherReceivablesLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ReceivablesGross', window );">Trade receivables, gross</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">R$ 13,526<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Related to trade receivables from sales of printed books, e-books and medical courses through digital platform from Medcel.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Related to trade receivables from mobile applications subscriptions for digital medical content.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AllowanceForDoubtfulAccountsFoReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of allowance for doubtful accounts related to receivable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AllowanceForDoubtfulAccountsFoReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ReceivablesGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of receivables, before adjustments and allowances.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ReceivablesGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TradeAndOtherReceivablesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The line represents concepts include in a table. These concepts are used to discloure reportable information associated with domain member defined in one or more axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TradeAndOtherReceivablesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 68<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount due from customers for goods and services sold.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_TuitionFeesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=afya_TuitionFeesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=afya_OthersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_FIESMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=afya_FIESMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_EducationalContentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=afya_EducationalContentMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_EducationalCreditsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=afya_EducationalCreditsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=afya_MobileAppSubscriptionMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598714888">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>7 Trade receivables (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeAndOtherReceivablesLineItems', window );"><strong>TradeAndOtherReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ReceivablesGross', window );">Trade receivable</a></td>
<td class="nump">R$ 342,924<span></span>
</td>
<td class="nump">R$ 150,003<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastDueStatusAxis=ifrs-full_CurrentMember', window );">1 To 30 Days [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeAndOtherReceivablesLineItems', window );"><strong>TradeAndOtherReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ReceivablesGross', window );">Trade receivable</a></td>
<td class="nump">44,365<span></span>
</td>
<td class="nump">15,042<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastDueStatusAxis=afya_LaterThanOneEightyMember', window );">More Than 180 Days [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeAndOtherReceivablesLineItems', window );"><strong>TradeAndOtherReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ReceivablesGross', window );">Trade receivable</a></td>
<td class="nump">44,764<span></span>
</td>
<td class="nump">16,102<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastDueStatusAxis=afya_LaterThanOneMonthsAndNotLaterThanThreeMonthsMember', window );">31 To 90 Days [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeAndOtherReceivablesLineItems', window );"><strong>TradeAndOtherReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ReceivablesGross', window );">Trade receivable</a></td>
<td class="nump">57,198<span></span>
</td>
<td class="nump">27,221<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastDueStatusAxis=ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember', window );">91 To 180 Days [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeAndOtherReceivablesLineItems', window );"><strong>TradeAndOtherReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ReceivablesGross', window );">Trade receivable</a></td>
<td class="nump">51,521<span></span>
</td>
<td class="nump">20,543<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember', window );">Neither Past Due Nor Impaired [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeAndOtherReceivablesLineItems', window );"><strong>TradeAndOtherReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ReceivablesGross', window );">Trade receivable</a></td>
<td class="nump">R$ 145,076<span></span>
</td>
<td class="nump">R$ 71,095<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ReceivablesGross">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of receivables, before adjustments and allowances.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ReceivablesGross</td>
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<tr>
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<tr>
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<tr>
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<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TradeAndOtherReceivablesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The line represents concepts include in a table. These concepts are used to discloure reportable information associated with domain member defined in one or more axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TradeAndOtherReceivablesLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PastDueStatusAxis=ifrs-full_CurrentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PastDueStatusAxis=ifrs-full_CurrentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PastDueStatusAxis=afya_LaterThanOneEightyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PastDueStatusAxis=afya_LaterThanOneEightyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PastDueStatusAxis=afya_LaterThanOneMonthsAndNotLaterThanThreeMonthsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PastDueStatusAxis=afya_LaterThanOneMonthsAndNotLaterThanThreeMonthsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PastDueStatusAxis=ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PastDueStatusAxis=ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>112
<FILENAME>R73.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598561992">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>7 Trade receivables (Details 2) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherReceivablesAbstract', window );"><strong>Trade and other receivables [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets', window );">Balance at the beginning of the year</a></td>
<td class="num">R$ (14,763)<span></span>
</td>
<td class="num">R$ (7,537)<span></span>
</td>
<td class="num">R$ (3,794)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets', window );">Additions</a></td>
<td class="num">(32,081)<span></span>
</td>
<td class="num">(15,040)<span></span>
</td>
<td class="num">(7,714)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_WriteOffFromAllowancesForDoubfulAccountsOnTradeReceivable', window );">Write-offs</a></td>
<td class="nump">13,864<span></span>
</td>
<td class="nump">7,814<span></span>
</td>
<td class="nump">3,971<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets', window );">Balance at the end of the year</a></td>
<td class="num">R$ (32,980)<span></span>
</td>
<td class="num">R$ (14,763)<span></span>
</td>
<td class="num">R$ (7,537)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_WriteOffFromAllowancesForDoubfulAccountsOnTradeReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Writeoff from alloawances for credit losses</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_WriteOffFromAllowancesForDoubfulAccountsOnTradeReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additional allowance for credit losses of financial assets recognised in profit or loss. [Refer: Allowance account for credit losses of financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2021-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 16<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2017-en-b&amp;anchor=para_16&amp;doctype=Standard&amp;book=b<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of an allowance account used to record impairments to financial assets due to credit losses. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2021-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 16<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2017-en-b&amp;anchor=para_16&amp;doctype=Standard&amp;book=b<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherReceivablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherReceivablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>113
<FILENAME>R74.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550583281960">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>8 Related parties (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TradeReceivablesRelatedPartyTransactions', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">R$ 174<span></span>
</td>
<td class="nump">R$ 557<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CreditsWithShareholdersRelatedPartyTransactions', window );">Related parties</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">421<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsReceivableRelatedPartyTransactions', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">595<span></span>
</td>
<td class="nump">557<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties', window );">Current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">188,420<span></span>
</td>
<td class="nump">131,883<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentPayablesToRelatedParties', window );">Non-current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">329,820<span></span>
</td>
<td class="nump">168,354<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherIncomeRelatedPartyTransactions', window );">Other income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">104<span></span>
</td>
<td class="nump">557<span></span>
</td>
<td class="nump">R$ 1,134<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeasesAsLesseeRelatedPartyTransactions', window );">Lease</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">17,673<span></span>
</td>
<td class="nump">15,842<span></span>
</td>
<td class="nump">13,554<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=afya_IPTANMember', window );">IPTAN [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherIncomeRelatedPartyTransactions', window );">Other income</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">882<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=afya_IESVAPPatrimonialLtdaMember', window );">IESVAP Patrimonial Ltda. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeasesAsLesseeRelatedPartyTransactions', window );">Lease</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,470<span></span>
</td>
<td class="nump">2,609<span></span>
</td>
<td class="nump">1,274<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=afya_UEPCMember', window );">UEPC [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherIncomeRelatedPartyTransactions', window );">Other income</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">104<span></span>
</td>
<td class="nump">557<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=afya_IESVAPMember', window );">IESVAP [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OtherIncomeRelatedPartyTransactions', window );">Other income</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">252<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=afya_RVLEstevesGestaoImobiliariaSAMember', window );">RVL Esteves Gestao Imobiliaria S.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeasesAsLesseeRelatedPartyTransactions', window );">Lease</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">11,288<span></span>
</td>
<td class="nump">10,417<span></span>
</td>
<td class="nump">9,655<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=afya_UNIVACOPatrimonialLtdaMember', window );">UNIVACO Patrimonial Ltda. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeasesAsLesseeRelatedPartyTransactions', window );">Lease</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">R$ 2,915<span></span>
</td>
<td class="nump">R$ 2,816<span></span>
</td>
<td class="nump">R$ 2,625<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Refers to sales of educational content from Medcel to UEPC recorded in trade receivables</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Amounts to be reimbursed by the shareholders to Afya Brazil, mainly related to payments of legal cost and advisory services recorded in other assets.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">Refers to share services and corporate expenses provided by Afya Brazil to IPTAN and IESVAP for the periods prior to their acquisition on April 26, 2018 recorded in the consolidated statements of income.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CreditsWithShareholdersRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts resulting from credit shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CreditsWithShareholdersRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_OtherIncomeRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of other income of related party.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_OtherIncomeRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TradeReceivablesRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts resulting from trade receivable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TradeReceivablesRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AmountsReceivableRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts receivable resulting from related party transactions. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2020-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2020-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmountsReceivableRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LeasesAsLesseeRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of leases where the entity was the lessee in related party transactions. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2020-01-01<br> -Paragraph 21<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_21_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LeasesAsLesseeRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentPayablesToRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current payables due to related parties. [Refer: Related parties [member]; Payables to related parties]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentPayablesToRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current payables due to related parties. [Refer: Related parties [member]; Payables to related parties]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=afya_IPTANMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=afya_IPTANMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=afya_IESVAPPatrimonialLtdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=afya_IESVAPPatrimonialLtdaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=afya_UEPCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=afya_UEPCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=afya_IESVAPMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=afya_IESVAPMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=afya_RVLEstevesGestaoImobiliariaSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=afya_RVLEstevesGestaoImobiliariaSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=afya_UNIVACOPatrimonialLtdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=afya_UNIVACOPatrimonialLtdaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>114
<FILENAME>R75.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598781960">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>8 Related parties (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RelatedPartyTransactionsAbstract', window );"><strong>Related party transactions [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits', window );">Short-term employee benefits</a></td>
<td class="nump">R$ 9,629<span></span>
</td>
<td class="nump">R$ 4,947<span></span>
</td>
<td class="nump">R$ 2,681<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensation', window );">Share-based compensation plans</a></td>
<td class="nump">23,989<span></span>
</td>
<td class="nump">13,893<span></span>
</td>
<td class="nump">2,161<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntity', window );">Total</a></td>
<td class="nump">R$ 33,618<span></span>
</td>
<td class="nump">R$ 18,840<span></span>
</td>
<td class="nump">R$ 4,842<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AmountIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount incurred by the entity for provision of key management personnel services that are provided by a separate management entity. [Refer: Key management personnel of entity or parent [member]; Separate management entities [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2020-01-01<br> -Paragraph 18A<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_18A&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmountIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_KeyManagementPersonnelCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel. [Refer: Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_KeyManagementPersonnelCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel in the form of short-term employee benefits. [Refer: Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RelatedPartyTransactionsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RelatedPartyTransactionsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>115
<FILENAME>R76.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587922792">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>8 Related parties (Details Narrative) - Lease Agreements [Member] - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Oct. 30, 2019</div></th>
<th class="th"><div>Feb. 09, 2019</div></th>
<th class="th"><div>Sep. 06, 2018</div></th>
<th class="th"><div>Apr. 25, 2018</div></th>
<th class="th"><div>Jun. 21, 2016</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TypeOfArrangement1Axis=afya_LeaseAgreements1Member', window );">RVL Esteves Gestao Imobiliaria S.A. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OperatingLeaseTermOfContract', window );">Lease term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LesseeFinancesLeaseRenewalTerm', window );">Renewal term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashOutflowForLeases', window );">Lease expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 11,288<span></span>
</td>
<td class="nump">R$ 10,417<span></span>
</td>
<td class="nump">R$ 9,655<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TypeOfArrangement1Axis=afya_LeaseAgreements1Member', window );">IESVAP Patrimonial Ltda. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OperatingLeaseTermOfContract', window );">Lease term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LesseeFinancesLeaseRenewalTerm', window );">Renewal term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfEntitysRevenue', window );">Percentage of revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DescriptionOfLeaseTerm', window );">Description of lease term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">The lease agreement is for an amount equal to 7.5% of the monthly net revenue of IESVAP during 2018.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashOutflowForLeases', window );">Lease expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 3,470<span></span>
</td>
<td class="nump">2,609<span></span>
</td>
<td class="nump">1,274<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TypeOfArrangement1Axis=afya_LeaseAgreements1Member', window );">UNIVACO Patrimonial Ltda. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OperatingLeaseTermOfContract', window );">Lease term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LesseeFinancesLeaseRenewalTerm', window );">Renewal term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashOutflowForLeases', window );">Lease expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 2,915<span></span>
</td>
<td class="nump">R$ 2,816<span></span>
</td>
<td class="nump">R$ 2,625<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutodeEnsinoSuperiorPresidenteTrancredodeAlmeidaNevesSAMember', window );">Instituto De Ensino Superior Presidente Trancredo De Almeida Neves S.A. (IPTAN) [Member] | RVL Esteves Gestao Imobiliaria S.A. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OperatingLeaseTermOfContract', window );">Lease term</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LesseeFinancesLeaseRenewalTerm', window );">Renewal term</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfEntitysRevenue', window );">Percentage of revenue</a></td>
<td class="nump">6.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DescriptionOfLeaseTerm', window );">Description of lease term</a></td>
<td class="text">(i) up to June 2020, R$12 and (ii) after June 2020 and until October 2024, 6.5% of the monthly net revenue of IPTAN<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoTocantinensePresidenteAntonioCarlosSAMember', window );">Instituto Tocantinense Presidente Antonio Carlos S.A. (ITPAC ) [Member] | RVL Esteves Gestao Imobiliaria S.A. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_OperatingLeaseTermOfContract', window );">Lease term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LesseeFinancesLeaseRenewalTerm', window );">Renewal term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfEntitysRevenue', window );">Percentage of revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DescriptionOfLeaseTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about description of lease term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DescriptionOfLeaseTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LesseeFinancesLeaseRenewalTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about lessee finances lease renewal term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LesseeFinancesLeaseRenewalTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_OperatingLeaseTermOfContract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about operating lease term of contract.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_OperatingLeaseTermOfContract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashOutflowForLeases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for leases.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 53<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_53_g&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashOutflowForLeases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PercentageOfEntitysRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of the entity's revenue. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PercentageOfEntitysRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TypeOfArrangement1Axis=afya_LeaseAgreements1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TypeOfArrangement1Axis=afya_LeaseAgreements1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=afya_RVLEstevesGestaoImobiliariaSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=afya_RVLEstevesGestaoImobiliariaSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=afya_IESVAPPatrimonialLtdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=afya_IESVAPPatrimonialLtdaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=afya_UNIVACOPatrimonialLtdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=afya_UNIVACOPatrimonialLtdaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutodeEnsinoSuperiorPresidenteTrancredodeAlmeidaNevesSAMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoTocantinensePresidenteAntonioCarlosSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>116
<FILENAME>R77.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587931672">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>9 Investment in associate (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">R$ 1,405,501<span></span>
</td>
<td class="nump">R$ 1,111,765<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">3,387,592<span></span>
</td>
<td class="nump">1,800,688<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="num">(589,379)<span></span>
</td>
<td class="num">(333,229)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="num">(1,369,934)<span></span>
</td>
<td class="num">(465,498)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Equity</a></td>
<td class="nump">2,833,780<span></span>
</td>
<td class="nump">2,113,726<span></span>
</td>
<td class="nump">R$ 590,354<span></span>
</td>
<td class="nump">R$ 46,762<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="nump">1,201,191<span></span>
</td>
<td class="nump">750,630<span></span>
</td>
<td class="nump">333,935<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of services</a></td>
<td class="num">(434,654)<span></span>
</td>
<td class="num">(308,853)<span></span>
</td>
<td class="num">(168,052)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="nump">402,855<span></span>
</td>
<td class="nump">239,120<span></span>
</td>
<td class="nump">70,034<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Finance result</a></td>
<td class="num">(62,290)<span></span>
</td>
<td class="num">(51,689)<span></span>
</td>
<td class="num">(10,428)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income taxes</a></td>
<td class="nump">335,054<span></span>
</td>
<td class="nump">186,937<span></span>
</td>
<td class="nump">98,722<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income taxes expenses</a></td>
<td class="nump">27,067<span></span>
</td>
<td class="nump">14,175<span></span>
</td>
<td class="nump">3,988<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the period (March 29 to December 31, 2019)</a></td>
<td class="nump">307,987<span></span>
</td>
<td class="nump">172,762<span></span>
</td>
<td class="nump">94,734<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociates', window );">Opening balance</a></td>
<td class="nump">45,634<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociates', window );">Closing balance</a></td>
<td class="nump">51,410<span></span>
</td>
<td class="nump">45,634<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=ifrs-full_AssociatesMember', window );">Associates [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">55,413<span></span>
</td>
<td class="nump">26,762<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">82,575<span></span>
</td>
<td class="nump">77,031<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="num">(34,531)<span></span>
</td>
<td class="num">(29,328)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="num">(76,132)<span></span>
</td>
<td class="num">(66,294)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Equity</a></td>
<td class="nump">27,325<span></span>
</td>
<td class="nump">8,171<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CompanyShareInEquity', window );">Company's share in equity - 30%</a></td>
<td class="nump">8,227<span></span>
</td>
<td class="nump">2,451<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">43,183<span></span>
</td>
<td class="nump">43,183<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_InvestmentGrossAmount', window );">Carrying amount of the investment</a></td>
<td class="nump">51,410<span></span>
</td>
<td class="nump">45,634<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue</a></td>
<td class="nump">113,965<span></span>
</td>
<td class="nump">85,816<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of services</a></td>
<td class="num">(55,926)<span></span>
</td>
<td class="num">(39,459)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(27,341)<span></span>
</td>
<td class="num">(29,476)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Finance result</a></td>
<td class="num">(4,882)<span></span>
</td>
<td class="num">(4,121)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income taxes</a></td>
<td class="nump">25,816<span></span>
</td>
<td class="nump">12,760<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income taxes expenses</a></td>
<td class="num">(252)<span></span>
</td>
<td class="num">(2,275)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the period (March 29 to December 31, 2019)</a></td>
<td class="nump">25,564<span></span>
</td>
<td class="nump">10,485<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CompanyShareOfProfitss', window );">Company share of profit</a></td>
<td class="nump">7,698<span></span>
</td>
<td class="nump">2,362<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociates', window );">Opening balance</a></td>
<td class="nump">45,634<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_MinorityInterestOfAcquiree', window );">Acquisition of minority interest (15%) in March 2019</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">24,458<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdditionalMinorityInterestOfAcquiree', window );">Acquisition of additional minority interest (15%) in June 2019</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">24,457<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceived', window );">Dividends receivable (included in Other assets)</a></td>
<td class="num">(1,922)<span></span>
</td>
<td class="num">(5,643)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossOfAcquiree', window );">Share of profit from March 29 to December 31, 2019</a></td>
<td class="nump">7,698<span></span>
</td>
<td class="nump">2,362<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociates', window );">Closing balance</a></td>
<td class="nump">R$ 51,410<span></span>
</td>
<td class="nump">R$ 45,634<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AdditionalMinorityInterestOfAcquiree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additional acquisition of minority interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AdditionalMinorityInterestOfAcquiree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CompanyShareInEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of company share in equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CompanyShareInEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CompanyShareOfProfitss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to company share of profitss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CompanyShareOfProfitss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_InvestmentGrossAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of carrying amount of the investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_InvestmentGrossAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_MinorityInterestOfAcquiree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of acquisition of minority interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_MinorityInterestOfAcquiree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs relating to expenses directly or indirectly attributed to the goods or services sold, which may include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, unallocated production overheads and abnormal amounts of production costs of inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsReceived">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends received.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsReceived</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to general and administrative activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Goodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B67<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B67_d&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2020-01-01<br> -Paragraph 134<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_134_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2020-01-01<br> -Paragraph 135<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_135_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Goodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2020-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=26&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 82<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B13<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentsInAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of investments in associates in an entity's separate financial statements. [Refer: Associates [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2020-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentsInAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2020-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2020-en-b&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2021-01-01<br> -Name IFRS<br> -Number 17<br> -IssueDate 2020-01-01<br> -Paragraph 113<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_113_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2020-01-01<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossOfAcquiree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) of the acquiree, since the acquisition date, included in the consolidated statement of comprehensive income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph q<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_q_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossOfAcquiree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2020-01-01<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=ifrs-full_AssociatesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550576620168">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>10 Property and equipment (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">R$ 139,320<span></span>
</td>
<td class="nump">R$ 139,320<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="nump">260,381<span></span>
</td>
<td class="nump">139,320<span></span>
</td>
<td class="nump">R$ 139,320<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_BuildingsMember', window );">Buildings [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">25,919<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">25,919<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_MachineryAndEquipmentsMember', window );">Machinery and equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">49,181<span></span>
</td>
<td class="nump">30,536<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">49,181<span></span>
</td>
<td class="nump">30,536<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LandMember', window );">Land [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">13,401<span></span>
</td>
<td class="nump">7,005<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13,401<span></span>
</td>
<td class="nump">7,005<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_VehiclesMember', window );">Vehicles [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">1,044<span></span>
</td>
<td class="nump">648<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,044<span></span>
</td>
<td class="nump">648<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_FixturesAndFittingsMember', window );">Furniture and fixtures [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">21,042<span></span>
</td>
<td class="nump">15,548<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">21,042<span></span>
</td>
<td class="nump">15,548<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_ItEquipmentMember', window );">It equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">17,660<span></span>
</td>
<td class="nump">9,457<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">17,660<span></span>
</td>
<td class="nump">9,457<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_LibraryBooksMember', window );">Library books [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">10,807<span></span>
</td>
<td class="nump">9,476<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,807<span></span>
</td>
<td class="nump">9,476<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_LaboratoriesAndClinicsMember', window );">Laboratories and clinics [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">663<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">663<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LeaseholdImprovementsMember', window );">Leasehold improvements [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">117,621<span></span>
</td>
<td class="nump">29,256<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">117,621<span></span>
</td>
<td class="nump">29,256<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ConstructionInProgressMember', window );">Construction in progress [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">3,706<span></span>
</td>
<td class="nump">36,731<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,706<span></span>
</td>
<td class="nump">36,731<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">176,303<span></span>
</td>
<td class="nump">91,648<span></span>
</td>
<td class="nump">53,403<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">89,832<span></span>
</td>
<td class="nump">56,964<span></span>
</td>
<td class="nump">19,554<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(525)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Business combinations</a></td>
<td class="nump">47,880<span></span>
</td>
<td class="nump">28,216<span></span>
</td>
<td class="nump">18,691<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="nump">314,015<span></span>
</td>
<td class="nump">176,303<span></span>
</td>
<td class="nump">91,648<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Buildings [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="nump">19,148<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Business combinations</a></td>
<td class="nump">6,771<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="nump">25,919<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Machinery and equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">44,329<span></span>
</td>
<td class="nump">30,503<span></span>
</td>
<td class="nump">20,135<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">13,806<span></span>
</td>
<td class="nump">9,838<span></span>
</td>
<td class="nump">3,226<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="nump">1,395<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Business combinations</a></td>
<td class="nump">8,973<span></span>
</td>
<td class="nump">3,988<span></span>
</td>
<td class="nump">7,142<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="nump">68,503<span></span>
</td>
<td class="nump">44,329<span></span>
</td>
<td class="nump">30,503<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Land [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">7,005<span></span>
</td>
<td class="nump">2,770<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">672<span></span>
</td>
<td class="nump">4,235<span></span>
</td>
<td class="nump">2,770<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Business combinations</a></td>
<td class="nump">5,724<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="nump">13,401<span></span>
</td>
<td class="nump">7,005<span></span>
</td>
<td class="nump">2,770<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Vehicles [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">707<span></span>
</td>
<td class="nump">182<span></span>
</td>
<td class="nump">120<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">422<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Business combinations</a></td>
<td class="nump">508<span></span>
</td>
<td class="nump">103<span></span>
</td>
<td class="nump">62<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="nump">1,215<span></span>
</td>
<td class="nump">707<span></span>
</td>
<td class="nump">182<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Furniture and fixtures [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">21,438<span></span>
</td>
<td class="nump">11,897<span></span>
</td>
<td class="nump">8,357<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">4,550<span></span>
</td>
<td class="nump">6,976<span></span>
</td>
<td class="nump">1,023<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="nump">82<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Business combinations</a></td>
<td class="nump">3,061<span></span>
</td>
<td class="nump">2,565<span></span>
</td>
<td class="nump">2,517<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="nump">29,131<span></span>
</td>
<td class="nump">21,438<span></span>
</td>
<td class="nump">11,897<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | It equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">15,994<span></span>
</td>
<td class="nump">10,243<span></span>
</td>
<td class="nump">6,494<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">9,657<span></span>
</td>
<td class="nump">4,241<span></span>
</td>
<td class="nump">1,728<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="nump">367<span></span>
</td>
<td class="num">(525)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Business combinations</a></td>
<td class="nump">2,493<span></span>
</td>
<td class="nump">2,035<span></span>
</td>
<td class="nump">2,021<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="nump">28,511<span></span>
</td>
<td class="nump">15,994<span></span>
</td>
<td class="nump">10,243<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Library books [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">18,139<span></span>
</td>
<td class="nump">12,838<span></span>
</td>
<td class="nump">10,016<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">1,012<span></span>
</td>
<td class="nump">1,205<span></span>
</td>
<td class="nump">949<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Business combinations</a></td>
<td class="nump">2,473<span></span>
</td>
<td class="nump">4,096<span></span>
</td>
<td class="nump">1,873<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="nump">21,624<span></span>
</td>
<td class="nump">18,139<span></span>
</td>
<td class="nump">12,838<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Laboratories and clinics [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">1,049<span></span>
</td>
<td class="nump">597<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">34<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="num">(1,049)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Business combinations</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">418<span></span>
</td>
<td class="nump">597<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">1,049<span></span>
</td>
<td class="nump">597<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Leasehold improvements [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">30,911<span></span>
</td>
<td class="nump">11,882<span></span>
</td>
<td class="nump">7,094<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">54,748<span></span>
</td>
<td class="nump">4,488<span></span>
</td>
<td class="nump">1,940<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="nump">23,559<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">2,271<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Business combinations</a></td>
<td class="nump">12,787<span></span>
</td>
<td class="nump">14,541<span></span>
</td>
<td class="nump">577<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="nump">122,005<span></span>
</td>
<td class="nump">30,911<span></span>
</td>
<td class="nump">11,882<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Construction in progress [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="nump">36,731<span></span>
</td>
<td class="nump">10,736<span></span>
</td>
<td class="nump">1,187<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">5,387<span></span>
</td>
<td class="nump">25,525<span></span>
</td>
<td class="nump">7,918<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="num">(43,502)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(2,271)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Business combinations</a></td>
<td class="nump">5,090<span></span>
</td>
<td class="nump">470<span></span>
</td>
<td class="nump">3,902<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="nump">3,706<span></span>
</td>
<td class="nump">36,731<span></span>
</td>
<td class="nump">10,736<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="num">(36,983)<span></span>
</td>
<td class="num">(25,885)<span></span>
</td>
<td class="num">(20,928)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation</a></td>
<td class="num">(16,651)<span></span>
</td>
<td class="num">(11,545)<span></span>
</td>
<td class="num">(4,957)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">447<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="num">(53,634)<span></span>
</td>
<td class="num">(36,983)<span></span>
</td>
<td class="num">(25,885)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Buildings [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Machinery and equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="num">(13,793)<span></span>
</td>
<td class="num">(9,696)<span></span>
</td>
<td class="num">(7,810)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation</a></td>
<td class="num">(5,065)<span></span>
</td>
<td class="num">(4,097)<span></span>
</td>
<td class="num">(1,886)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="num">(464)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="num">(19,322)<span></span>
</td>
<td class="num">(13,793)<span></span>
</td>
<td class="num">(9,696)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Land [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Vehicles [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="num">(59)<span></span>
</td>
<td class="num">(59)<span></span>
</td>
<td class="num">(49)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation</a></td>
<td class="num">(112)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(10)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="num">(171)<span></span>
</td>
<td class="num">(59)<span></span>
</td>
<td class="num">(59)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Furniture and fixtures [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="num">(5,890)<span></span>
</td>
<td class="num">(4,261)<span></span>
</td>
<td class="num">(3,449)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation</a></td>
<td class="num">(2,199)<span></span>
</td>
<td class="num">(1,629)<span></span>
</td>
<td class="num">(812)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="num">(8,089)<span></span>
</td>
<td class="num">(5,890)<span></span>
</td>
<td class="num">(4,261)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | It equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="num">(6,537)<span></span>
</td>
<td class="num">(4,489)<span></span>
</td>
<td class="num">(3,472)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation</a></td>
<td class="num">(4,314)<span></span>
</td>
<td class="num">(2,495)<span></span>
</td>
<td class="num">(1,017)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">447<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="num">(10,851)<span></span>
</td>
<td class="num">(6,537)<span></span>
</td>
<td class="num">(4,489)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Library books [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="num">(8,663)<span></span>
</td>
<td class="num">(7,015)<span></span>
</td>
<td class="num">(6,012)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation</a></td>
<td class="num">(2,154)<span></span>
</td>
<td class="num">(1,648)<span></span>
</td>
<td class="num">(1,003)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="num">(10,817)<span></span>
</td>
<td class="num">(8,663)<span></span>
</td>
<td class="num">(7,015)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Laboratories and clinics [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="num">(386)<span></span>
</td>
<td class="num">(27)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation</a></td>
<td class="num">(78)<span></span>
</td>
<td class="num">(359)<span></span>
</td>
<td class="num">(27)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="nump">464<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(386)<span></span>
</td>
<td class="num">(27)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Leasehold improvements [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="num">(1,655)<span></span>
</td>
<td class="num">(338)<span></span>
</td>
<td class="num">(136)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation</a></td>
<td class="num">(2,729)<span></span>
</td>
<td class="num">(1,317)<span></span>
</td>
<td class="num">(202)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="num">(4,384)<span></span>
</td>
<td class="num">(1,655)<span></span>
</td>
<td class="num">(338)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Construction in progress [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning balance</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment', window );">Transfers</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Ending balance</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in property, plant and equipment resulting from acquisitions through business combinations. [Refer: Business combinations [member]; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_73_e_iii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additions to property, plant and equipment other than those acquired through business combinations. [Refer: Business combinations [member]; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_73_e_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation of property, plant and equipment. [Refer: Depreciation and amortisation expense; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause vii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_73_e_vii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 75<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_75_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisposalsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease in property, plant and equipment resulting from disposals. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_73_e_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisposalsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in property, plant and equipment resulting from transfers and changes that the entity does not separately disclose in the same statement or note. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_BuildingsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_BuildingsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_MachineryAndEquipmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_MachineryAndEquipmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LandMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LandMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_VehiclesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_VehiclesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_FixturesAndFittingsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_FixturesAndFittingsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_ItEquipmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_ItEquipmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_LibraryBooksMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_LibraryBooksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_LaboratoriesAndClinicsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=afya_LaboratoriesAndClinicsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LeaseholdImprovementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LeaseholdImprovementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ConstructionInProgressMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ConstructionInProgressMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>118
<FILENAME>R79.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550582657512">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>11 Intangible assets and goodwill (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="4">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">R$ 1,312,338<span></span>
</td>
<td class="nump">R$ 1,312,338<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,573,010<span></span>
</td>
<td class="nump">1,312,338<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">R$ 1,312,338<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_GoodwillMember', window );">Goodwill [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">459,409<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">810,656<span></span>
</td>
<td class="nump">459,409<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=afya_EducationContentMember', window );">Education Content [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12,429<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,613<span></span>
</td>
<td class="nump">12,429<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_TechnologybasedIntangibleAssetsMember', window );">Developed technology [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,853<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,965<span></span>
</td>
<td class="nump">4,853<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_BrandNamesMember', window );">Trademarks [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">30,961<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">71,512<span></span>
</td>
<td class="nump">30,961<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_LicencesMember', window );">Licences [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">703,772<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,451,270<span></span>
</td>
<td class="nump">703,772<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_ComputerSoftwareMember', window );">Computer Software [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,853<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,965<span></span>
</td>
<td class="nump">4,853<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=afya_EducationalPlatformAndSoftwareInProgressMember', window );">Educational Platform And Software In Progress [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">13,373<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">21,964<span></span>
</td>
<td class="nump">13,373<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember', window );">Customer relationships [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">197,707<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">197,707<span></span>
</td>
<td class="nump">197,707<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=afya_DevelopedTechnologyIntangibleAssetsMember', window );">Developed technology [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">323<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,361,640<span></span>
</td>
<td class="nump">688,494<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">6,633<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">19,649<span></span>
</td>
<td class="nump">122,775<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
<td class="nump">3,053<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_Disposal', window );">Disposal</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(460)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,303,730<span></span>
</td>
<td class="nump">550,371<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">678,808<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,684,559<span></span>
</td>
<td class="nump">1,361,640<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">688,494<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Goodwill [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">459,409<span></span>
</td>
<td class="nump">169,535<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,030<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">351,247<span></span>
</td>
<td class="nump">285,844<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">169,535<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">810,656<span></span>
</td>
<td class="nump">459,409<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">169,535<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Education Content [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">17,305<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">17,305<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">17,305<span></span>
</td>
<td class="nump">17,305<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Trademarks [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">32,111<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">42,903<span></span>
</td>
<td class="nump">32,111<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">75,014<span></span>
</td>
<td class="nump">32,111<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Licences [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">703,772<span></span>
</td>
<td class="nump">445,616<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">108,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">747,498<span></span>
</td>
<td class="nump">150,156<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">445,616<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,451,270<span></span>
</td>
<td class="nump">703,772<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">445,616<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Computer Software [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,389<span></span>
</td>
<td class="nump">8,288<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">6,633<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,175<span></span>
</td>
<td class="nump">1,101<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
<td class="nump">1,301<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_Disposal', window );">Disposal</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(460)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,117<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">354<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">16,221<span></span>
</td>
<td class="nump">9,389<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">8,288<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Educational Platform And Software In Progress [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">14,241<span></span>
</td>
<td class="nump">1,752<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15,474<span></span>
</td>
<td class="nump">9,644<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
<td class="nump">1,752<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">484<span></span>
</td>
<td class="nump">2,845<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">30,199<span></span>
</td>
<td class="nump">14,241<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,752<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Customer relationships [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">125,413<span></span>
</td>
<td class="nump">63,303<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill', window );">Amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">283,539<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">158,126<span></span>
</td>
<td class="nump">62,110<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">63,303<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">283,539<span></span>
</td>
<td class="nump">125,413<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">63,303<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Cost [Member] | Developed technology [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">355<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">355<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(49,302)<span></span>
</td>
<td class="num">(6,025)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,904)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill', window );">Amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(62,707)<span></span>
</td>
<td class="num">(43,277)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(4,121)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_Disposal', window );">Disposal</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">460<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(111,549)<span></span>
</td>
<td class="num">(49,302)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(6,025)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Education Content [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(4,876)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill', window );">Amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,816)<span></span>
</td>
<td class="num">(4,876)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_Disposal', window );">Disposal</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(7,692)<span></span>
</td>
<td class="num">(4,876)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Trademarks [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,150)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill', window );">Amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,352)<span></span>
</td>
<td class="num">(1,150)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(3,502)<span></span>
</td>
<td class="num">(1,150)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Computer Software [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(4,536)<span></span>
</td>
<td class="num">(3,080)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,904)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill', window );">Amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,180)<span></span>
</td>
<td class="num">(1,456)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,176)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_Disposal', window );">Disposal</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">460<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(6,256)<span></span>
</td>
<td class="num">(4,536)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(3,080)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Educational Platform And Software In Progress [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(868)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill', window );">Amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(7,367)<span></span>
</td>
<td class="num">(868)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(8,235)<span></span>
</td>
<td class="num">(868)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Customer relationships [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(37,872)<span></span>
</td>
<td class="num">(2,945)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill', window );">Amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(47,960)<span></span>
</td>
<td class="num">(34,927)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(2,945)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(85,832)<span></span>
</td>
<td class="num">(37,872)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">R$ (2,945)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Depriciation [Member] | Developed technology [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at beginnning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill', window );">Amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(32)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets and goodwill, balance at end</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">R$ (32)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">On August 13, 2019, Afya Brazil entered into a purchase agreement with the shareholders of IPEC for the acquisition of 100% of IPEC. IPEC was a non-operational postsecondary education institution with governmental authorization to offer on-campus post-secondary undergraduate courses in medicine in the State of Para, that commenced its operation in September 2019. Prior to the acquisition date, IPEC has no significant assets and liabilities. The purchase price of R$ 108,000 is comprised of: i) R$ 54,000 paid in cash on the acquisition date ii) R$ 54,000 is payable in two equal instalments of R$ 27,000 payable annually from August 13, 2020 to August 13, 2021, and adjusted by the CDI rate. The instalment due in August 2020 was paid in the total amount of R$28,104.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">The amount of R$4,030 added to goodwill relates to adjustments during the measurement period of the business combination of IESP in respect to amounts to be included as part of the purchase price allocation at acquisition date mainly related to impairment of receivables.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_Disposal">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of disposal.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_Disposal</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in intangible assets and goodwill resulting from acquisitions through business combinations. [Refer: Business combinations [member]; Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2020-01-01<br> -Paragraph 118<br> -Subparagraph e<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_118_e_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additions to intangible assets other than goodwill, other than those acquired through business combinations. [Refer: Business combinations [member]; Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2020-01-01<br> -Paragraph 118<br> -Subparagraph e<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_118_e_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of amortisation of intangible assets other than goodwill. [Refer: Depreciation and amortisation expense; Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2020-01-01<br> -Paragraph 118<br> -Subparagraph e<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_118_e_vi&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfIntangibleAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of intangible assets and goodwill held by the entity. [Refer: Goodwill; Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsAndGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_GoodwillMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_GoodwillMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=afya_EducationContentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=afya_EducationContentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_TechnologybasedIntangibleAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_TechnologybasedIntangibleAssetsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_BrandNamesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_BrandNamesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_LicencesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_ComputerSoftwareMember</td>
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<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=afya_EducationalPlatformAndSoftwareInProgressMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=afya_DevelopedTechnologyIntangibleAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember</td>
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<td><strong> Balance Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>119
<FILENAME>R80.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550582979096">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>11 Intangible assets and goodwill (Details 1) - Carrying amount [member] - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">IPTAN - Instituto De Ensino Superior Presidente Trancredo De Almeida Neves S.A. ("IPTAN") [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">R$ 17,446<span></span>
</td>
<td class="nump">R$ 17,446<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="nump">57,214<span></span>
</td>
<td class="nump">57,214<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">126,397<span></span>
</td>
<td class="nump">110,224<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">Instituto De Pesquisa E Ensino Medico Do Estado De Minas Gerais Ltda. ("IPEMED") [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">87,647<span></span>
</td>
<td class="nump">87,647<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">119,227<span></span>
</td>
<td class="nump">106,924<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">Instituto De Educacao Superior Do Vale Do Parnaiba S.A. ("IESVAP") [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">27,956<span></span>
</td>
<td class="nump">27,956<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="nump">81,366<span></span>
</td>
<td class="nump">81,366<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">112,898<span></span>
</td>
<td class="nump">119,129<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">Instituto Educacional Santo Agostinho S.A. ("FASA") [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">58,903<span></span>
</td>
<td class="nump">58,903<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="nump">144,507<span></span>
</td>
<td class="nump">150,156<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">267,279<span></span>
</td>
<td class="nump">227,271<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">Centro De Ciencias Em Saude De Itajuba S.A. ("CCSI") [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">4,664<span></span>
</td>
<td class="nump">4,664<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="nump">56,737<span></span>
</td>
<td class="nump">56,737<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">48,411<span></span>
</td>
<td class="nump">68,354<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">Medcel Editora and CBB Web [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">139,294<span></span>
</td>
<td class="nump">139,294<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">219,359<span></span>
</td>
<td class="nump">213,881<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">Instituto De Ensino Superior Do Piaui S.A. ("IESP") [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">73,838<span></span>
</td>
<td class="nump">73,838<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="nump">179,693<span></span>
</td>
<td class="nump">179,693<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">380,410<span></span>
</td>
<td class="nump">251,364<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">FADEP - Faculdade Educacional De Pato Branco Ltda. ("FADEP") [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">49,661<span></span>
</td>
<td class="nump">49,661<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="nump">70,606<span></span>
</td>
<td class="nump">70,606<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">160,787<span></span>
</td>
<td class="nump">133,996<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">Instituto Paraense De Educacao E Cultura Ltda. (IPEC) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="nump">108,000<span></span>
</td>
<td class="nump">108,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">122,325<span></span>
</td>
<td class="nump">R$ 106,964<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">IPEMED [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">87,647<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">119,227<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">ESMC [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="nump">5,649<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">7,230<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">UniRedentor [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">77,662<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="nump">121,477<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">253,370<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">UniSL [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">4,420<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="nump">249,387<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">258,234<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">PEBMED [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">84,175<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">143,328<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">Faculdade de Ensino Superior da Amazonia Reunida - (FESAR) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">71,664<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="nump">141,616<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">263,914<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">FCMPB [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">110,483<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="nump">235,018<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">380,682<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">MEDPHONE [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">2,843<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife', window );">Licenses with indefinite useful life</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">6,477<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember', window );">Medcel and CBBW [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">139,294<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashGeneratingUnits', window );">Cash generating units</a></td>
<td class="nump">R$ 219,359<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CashGeneratingUnits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to cash generating units.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CashGeneratingUnits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfIntangibleAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Goodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B67<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B67_d&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2020-01-01<br> -Paragraph 134<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_134_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2020-01-01<br> -Paragraph 135<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_135_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Goodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of intangible assets assessed as having an indefinite useful life. [Refer: Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2020-01-01<br> -Paragraph 122<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_122_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2020-01-01<br> -Paragraph 134<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_134_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2020-01-01<br> -Paragraph 135<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_135_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsWithIndefiniteUsefulLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=afya_CarryingAmountsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_IPTANInstitutoDeEnsinoSuperiorPresidenteTrancredoDeAlmeidaNevesSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoDeEducacaoSuperiorDoValeDoParnaibaSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoEducacionalSantoAgostinhoSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoEducacionalSantoAgostinhoSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_CentroDeCienciasEmSaudeDeItajubaSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_CentroDeCienciasEmSaudeDeItajubaSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_MedcelEditoraAndCBBWebMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_MedcelEditoraAndCBBWebMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoParaensedeEducacaoeCulturaLtdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoParaensedeEducacaoeCulturaLtdaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_IPEMEDMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_IPEMEDMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_ESMCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_ESMCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_UniRedentorMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_UniRedentorMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_UniSLMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_UniSLMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_PEBMEDMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_PEBMEDMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FCMPBMember</td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587494104">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>11 Intangible assets and goodwill (Details 2)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2020</div></th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=afya_EducationContentMember', window );">Education Content [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill', window );">Estimated useful lives of intangible assets</a></td>
<td class="text">3 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=afya_CustomerRelationshipsMedicineMember', window );">Customer relationships - medicine [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill', window );">Estimated useful lives of intangible assets</a></td>
<td class="text">6 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=afya_CustomerRelationshipsOtherCoursesMember', window );">Customer relationships - other courses [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill', window );">Estimated useful lives of intangible assets</a></td>
<td class="text">4 years 6 months<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_BrandNamesMember', window );">Trademarks [member] | Bottom of Range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill', window );">Estimated useful lives of intangible assets</a></td>
<td class="text">19 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_BrandNamesMember', window );">Trademarks [member] | Top of Range [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill', window );">Estimated useful lives of intangible assets</a></td>
<td class="text">20 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_TechnologybasedIntangibleAssetsMember', window );">Developed technology [member]</a></td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill', window );">Estimated useful lives of intangible assets</a></td>
<td class="text">5 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_ComputerSoftwareMember', window );">Software [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill', window );">Estimated useful lives of intangible assets</a></td>
<td class="text">5 years<span></span>
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<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfIntangibleAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The useful life, measured as period of time, used for intangible assets other than goodwill. [Refer: Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2020-01-01<br> -Paragraph 118<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_118_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td>xbrli:durationItemType</td>
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<td>na</td>
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<td>duration</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=afya_EducationContentMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=afya_CustomerRelationshipsMedicineMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=afya_CustomerRelationshipsOtherCoursesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_BrandNamesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
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<td></td>
</tr>
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<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<head>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587127704">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>11 Intangible assets and goodwill (Details Narrative)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections', window );">Discount rate applied to cash flow projections</a></td>
<td class="nump">13.00%<span></span>
</td>
<td class="nump">12.60%<span></span>
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</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_GoodwillMember', window );">Goodwill [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfKeyAssumptionsOnWhichManagementHasBasedCashFlowProjections', window );">Description of key assumptions on which management has based cash flow projections</a></td>
<td class="text">An increase of 13 basis point in management&#8217;s estimated discount rate applied to the cash flow projections of each CGU for the year ended December 31, 2020, or a decrease of 50 basis points on estimated EBITDA would have not resulted in significant impacts on these financial statements.<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The discount rate applied to cash flow projections for a cash-generating unit (group of units). [Refer: Cash-generating units [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2020-01-01<br> -Paragraph 134<br> -Subparagraph d<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_134_d_v&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2020-01-01<br> -Paragraph 134<br> -Subparagraph e<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_134_e_v&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of key assumptions on which management has based its cash flow projections for the period covered by the most recent budgets/forecasts for a cash-generating unit (group of units). Key assumptions are those to which the unit's (group of units') recoverable amount is most sensitive. [Refer: Cash-generating units [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2020-01-01<br> -Paragraph 134<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_134_d_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2020-01-01<br> -Paragraph 135<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_135_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
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<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<TYPE>XML
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598638424">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">R$ 1,045,042<span></span>
</td>
<td class="nump">R$ 943,209<span></span>
</td>
<td class="nump">R$ 62,260<span></span>
</td>
<td class="nump">R$ 25,490<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="nump">2,053<span></span>
</td>
<td class="nump">16,841<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Trade receivables</a></td>
<td class="nump">309,944<span></span>
</td>
<td class="nump">135,240<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Total</a></td>
<td class="nump">9,680<span></span>
</td>
<td class="nump">26,642<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostMember', window );">Financial Assets At Amortised Cost [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">1,045,042<span></span>
</td>
<td class="nump">943,209<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="nump">2,053<span></span>
</td>
<td class="nump">16,841<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Trade receivables</a></td>
<td class="nump">309,944<span></span>
</td>
<td class="nump">135,240<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties', window );">Related parties</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Total</a></td>
<td class="nump">1,357,039<span></span>
</td>
<td class="nump">1,095,290<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentFinancialAssets', window );">Current</a></td>
<td class="nump">1,347,359<span></span>
</td>
<td class="nump">1,083,436<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentFinancialAssets', window );">Non-current</a></td>
<td class="nump">R$ 9,680<span></span>
</td>
<td class="nump">R$ 11,854<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current financial assets. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose the entity&#8217;s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 35H<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35H&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 35I<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35I&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 35M<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35M&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 35N<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35N&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current financial assets. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentFinancialAssets</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash and cash equivalents whose use or withdrawal is restricted. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of receivables due from related parties. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount due from customers for goods and services sold.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550573760392">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="nump">R$ 617,485<span></span>
</td>
<td class="nump">R$ 60,357<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">447,703<span></span>
</td>
<td class="nump">284,515<span></span>
</td>
<td class="nump">R$ 212,360<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="nump">518,240<span></span>
</td>
<td class="nump">300,237<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Total</a></td>
<td class="nump">1,659,609<span></span>
</td>
<td class="nump">645,866<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentDerivativeFinancialLiabilities', window );">Current</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">757<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtAmortisedCostMember', window );">Financial Liabilities At amortized Cost [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToTradeSuppliers', window );">Trade payables</a></td>
<td class="nump">35,743<span></span>
</td>
<td class="nump">17,628<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="nump">617,485<span></span>
</td>
<td class="nump">60,357<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">447,703<span></span>
</td>
<td class="nump">284,515<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="nump">518,240<span></span>
</td>
<td class="nump">300,237<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotePayable', window );">Notes payable</a></td>
<td class="nump">76,181<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Advances', window );">Advances from customers</a></td>
<td class="nump">63,839<span></span>
</td>
<td class="nump">36,860<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Total</a></td>
<td class="nump">1,759,191<span></span>
</td>
<td class="nump">699,597<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentFinancialLiabilities', window );">Current</a></td>
<td class="nump">467,643<span></span>
</td>
<td class="nump">262,671<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentFinancialLiabilities', window );">Non-current</a></td>
<td class="nump">1,291,548<span></span>
</td>
<td class="nump">436,926<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_DerivativesLiabilitiesMember', window );">Derivatives Liabilities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DerivativeLiabilitiesCrossCurrencyInterestRateSwaps', window );">Cross-currency interest rate swaps</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">757<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Total</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">757<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentDerivativeFinancialLiabilities', window );">Current</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">757<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities', window );">Non-current</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DerivativeLiabilitiesCrossCurrencyInterestRateSwaps">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to derivative liabilities cross currency interest rate swaps.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DerivativeLiabilitiesCrossCurrencyInterestRateSwaps</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LoansAndFinancing">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to loans and financing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LoansAndFinancing</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NotePayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of notes payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NotePayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Advances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of payments received for goods or services to be provided in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Advances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentDerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current derivative financial liabilities. [Refer: Derivative financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentDerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current financial liabilities. [Refer: Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial liabilities classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that are: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or (b) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to deliver a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose, rights, options or warrants to acquire a fixed number of the entity&#8217;s own equity instruments for a fixed amount of any currency are equity instruments if the entity offers the rights, options or warrants pro rata to all of its existing owners of the same class of its own non-derivative equity instruments. Also, for those purposes the entity&#8217;s own equity instruments do not include puttable financial instruments that are classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. As an exception, an instrument that meets the definition of a financial liability is classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A-16B or paragraphs 16C-16D of IAS 32. [Refer: Financial instruments, class [member]; Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities related to the entity's leases. Lease is a contract, or part of a contract, that conveys the right to use an underlying asset for a period of time in exchange for consideration.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current derivative financial liabilities. [Refer: Derivative financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentDerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current financial liabilities. [Refer: Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherPayablesToRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of payables due to related parties. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherPayablesToRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherPayablesToTradeSuppliers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of payment due to suppliers for goods and services used in the entity's business.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherPayablesToTradeSuppliers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtAmortisedCostMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtAmortisedCostMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_DerivativesLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_DerivativesLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>124
<FILENAME>R85.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550573781208">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Details 2) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">R$ 617,485<span></span>
</td>
<td class="nump">R$ 60,357<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancingCurrent', window );">Current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">107,162<span></span>
</td>
<td class="nump">53,607<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancingNonCurrent', window );">Non-current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">R$ 510,323<span></span>
</td>
<td class="nump">6,750<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=afya_TwentyTwentySevenMember', window );">2027 [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialInstitution', window );">Financial institution</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">FINEP (d)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Interest rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">TJLP p.y.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">2027<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">R$ 10,864<span></span>
</td>
<td class="nump">6,750<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">2020 [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialInstitution', window );">Financial institution</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Ita&#250; Unibanco S.A.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Interest rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">1.22% a 1.26% p.m.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2020<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="nump">648<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">2020 [member] | Euro</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialInstitution', window );">Financial institution</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Ita&#250; Unibanco S.A. (e)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Interest rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">1.01% p.y.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">2020<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="nump">R$ 52,959<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=afya_TwentyTwentyFourMember', window );">2024 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialInstitution', window );">Financial institution</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text">BNDES (c)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Interest rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text">10.03% p.y.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text">2024<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">R$ 471<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=afya_TwentyTwentyOneMember', window );">2021 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialInstitution', window );">Financial institution</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="text">Banco Votorantim (b)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Interest rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="text">CDI + 1.65% p.y.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="text">2021<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="nump">R$ 101,785<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=afya_TwentyTwentyThreeMember', window );">2023 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialInstitution', window );">Financial institution</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="text">Ita&#250; Unibanco S.A. (a)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Interest rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="text">CDI + 1.62% p.y.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="text">2023<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="nump">R$ 504,365<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">On July 23, 2019, Medcel entered into a loan of R$ 16,153 with Financiadora de Estudos e Projetos (FINEP), a governmental agency focused on financing investments on R&amp;D, which has an interest rate based on TJLP (Long term interest rate), 2019 and maturity in 2027. The first and second tranches of R$6,734 and R$4,130, respectively, were drawdown in October 2019 and December 2020, respectively, in order to develop the Medical web series and other digital content. There is no financial covenant related to this agreement. The loan is guaranteed by bank warranty in the amount of R$ 10,864.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">On November 16, 2018, Afya Brazil entered into a euro-denominated loan agreement with Itau Unibanco S.A. in the amount of R$ 74,980 (equivalent to 17,500). The loan accrues interest at 1.01% per annum and is repayable in three equal installments on November 18, 2019, May 18, 2020 and November 12, 2020. The loan agreement contains a financial covenant requiring Afya Brazil to maintain a Net Debt to EBITDA ratio less or equal to: 2.2x at end of 2018 and 2019 and 1.8x at the end of 2020. The loan was guaranteed by financial investments, classified as restricted cash, in the amount of R$14,788 as of December 31, 2019. This loan was repaid on November 12, 2020.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">On May 5, 2020, as a result of the acquisition of UniSL, the Company assumed loans agreements BNDES which has an interest rate of 10.03% per year and maturity in 2024.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[4]</td>
<td style="vertical-align: top;" valign="top">On July 3, 2020, Afya Brazil entered into a loan agreement with Banco Votorantim S.A. in the amount of R$ 100,000 adjusted by the CDI rate plus an interest rate of 1.65% per year and is repayable at maturity on July 5, 2021.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[5]</td>
<td style="vertical-align: top;" valign="top">On October 1, 2020, Afya Brazil entered into a loan with Banco Itau Unibanco S.A. in the amount of R$ 500,000 adjusted by the CDI rate plus an interest rate of 1.62% per year and is repayable in three installments in October 2022, April 2023 and October 2023.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_FinancialInstitution">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about financial institution.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_FinancialInstitution</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LoansAndFinancing">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to loans and financing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LoansAndFinancing</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LoansAndFinancingCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to loans and financing current.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LoansAndFinancingCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LoansAndFinancingNonCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to loans and financing non current.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LoansAndFinancingNonCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsInterestRateBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsInterestRateBasis</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsMaturity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maturity of borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsMaturity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=afya_TwentyTwentySevenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=afya_TwentyTwentySevenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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</tr>
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<td><strong> Period Type:</strong></td>
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</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_CurrencyAxis=currency_EUR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_CurrencyAxis=currency_EUR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
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<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=afya_TwentyTwentyFourMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=afya_TwentyTwentyFourMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=afya_TwentyTwentyOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=afya_TwentyTwentyOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=afya_TwentyTwentyThreeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=afya_TwentyTwentyThreeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>125
<FILENAME>R86.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550583497480">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Details 3) - Cross-Currency Interest Rate Swap Agreements [member] - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DerivativesNetPositionAssetsLiabilities', window );">Net position - assets (liabilities)</a></td>
<td class="text"> <span></span>
</td>
<td class="num">R$ (757)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DerivativesCurrentAssetsLiabilities', window );">Current assets (liabilities)</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(757)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DerivativesNoncurrentAssetsLiabilities', window );">Noncurrent assets (liabilities)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_InterestRateSwapContractMember', window );">Liability Position [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DerivativeInterestRateSwap', window );">Cross-currency interest rate swap</a></td>
<td class="text">128% of CDI<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Principal amount (notional)</a></td>
<td class="num">R$ (49,165)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DerivativesNetPositionAssetsLiabilities', window );">Net position - assets (liabilities)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(53,802)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_InterestRateSwapContractMember', window );">Asset Position [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DerivativeInterestRateSwap', window );">Cross-currency interest rate swap</a></td>
<td class="text">Euros + 1.01% p.y.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Principal amount (notional)</a></td>
<td class="nump">R$ 49,165<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DerivativesNetPositionAssetsLiabilities', window );">Net position - assets (liabilities)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 53,045<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DerivativeInterestRateSwap">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about derivative interest rate swap.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DerivativeInterestRateSwap</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DerivativesCurrentAssetsLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to derivatives current assets liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DerivativesCurrentAssetsLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DerivativesNetPositionAssetsLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to derivatives net position assets liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DerivativesNetPositionAssetsLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DerivativesNoncurrentAssetsLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to derivatives noncurrent assets liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DerivativesNoncurrentAssetsLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal or face amount of a financial instrument, used to calculate payments made on that instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_InterestRateSwapContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_InterestRateSwapContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfHedgesAxis=afya_LiabilityPositionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfHedgesAxis=afya_LiabilityPositionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfHedgesAxis=afya_AssetPositionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfHedgesAxis=afya_AssetPositionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>126
<FILENAME>R87.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550583267832">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Details 4) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialAssetsAndFinancialLiabilitiesAbstract', window );"><strong>Financial Assets And Financial Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Right-of-use assets, balance at beginning</a></td>
<td class="nump">R$ 274,275<span></span>
</td>
<td class="nump">R$ 212,360<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsToRightofuseAssets', window );">Right-of-use assets, additions</a></td>
<td class="nump">64,743<span></span>
</td>
<td class="nump">19,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightofuseAssetsRemeasurement', window );">Right-of-use assets, remeasurement</a></td>
<td class="nump">34,161<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightofuseAssetsBusinessCombinations', window );">Right-of-use assets, business combinations</a></td>
<td class="nump">76,855<span></span>
</td>
<td class="nump">61,145<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationRightofuseAssets', window );">Right-of-use assets, depreciation expense</a></td>
<td class="num">(29,386)<span></span>
</td>
<td class="num">(18,330)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightofuseAssetsInterestExpense', window );">Right-of-use assets, interest expense</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightofuseAssetsPaymentsOfLeaseLiabilities', window );">Right-of-use assets, payments of lease liabilities</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightofuseAssetsDisposals', window );">Right-of-use assets, disposals</a></td>
<td class="num">(1,574)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Right-of-use assets, balance at ending</a></td>
<td class="nump">419,074<span></span>
</td>
<td class="nump">274,275<span></span>
</td>
<td class="nump">R$ 212,360<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightofuseAssetsCurrent', window );">Right-of-use assets, current</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RightofuseAssetsNonCurrent', window );">Right-of-use assets, non-current</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">419,074<span></span>
</td>
<td class="nump">274,275<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities, balance at beginning</a></td>
<td class="nump">284,515<span></span>
</td>
<td class="nump">212,360<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AdditionsToLeaseLiabilities', window );">Lease liabilities, additions</a></td>
<td class="nump">64,743<span></span>
</td>
<td class="nump">19,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LeaseLiabilitiesRemeasurement', window );">Lease liabilities, remeasurement</a></td>
<td class="nump">34,161<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BusinessCombinationsLeaseLiabilities', window );">Lease liabilities, business combinations</a></td>
<td class="nump">76,855<span></span>
</td>
<td class="nump">61,365<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DepreciationExpenseLeaseLiabilities', window );">Lease liabilities, depreciation expense</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpenseOnLeaseLiabilities', window );">Lease liabilities, interest expense</a></td>
<td class="nump">44,458<span></span>
</td>
<td class="nump">31,469<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities', window );">Lease liabilities, payments of lease liabilities</a></td>
<td class="num">(55,455)<span></span>
</td>
<td class="num">(39,779)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LeaseLiabilitiesDisposals', window );">Lease liabilities, disposals</a></td>
<td class="num">(1,574)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities, balance at ending</a></td>
<td class="nump">R$ 284,515<span></span>
</td>
<td class="nump">R$ 212,360<span></span>
</td>
<td class="nump">R$ 212,360<span></span>
</td>
<td class="nump">447,703<span></span>
</td>
<td class="nump">284,515<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLeaseLiabilities', window );">Lease liabilities, current</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">61,976<span></span>
</td>
<td class="nump">22,693<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLeaseLiabilities', window );">Lease liabilities, non-current</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 385,727<span></span>
</td>
<td class="nump">R$ 261,822<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AdditionsToLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additions to lease liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AdditionsToLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_BusinessCombinationsLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of business combinations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_BusinessCombinationsLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DepreciationExpenseLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DepreciationExpenseLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_FinancialAssetsAndFinancialLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_FinancialAssetsAndFinancialLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LeaseLiabilitiesDisposals">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of lease liabilities disposals.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LeaseLiabilitiesDisposals</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LeaseLiabilitiesRemeasurement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of lease liabilities re measurement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LeaseLiabilitiesRemeasurement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RightofuseAssetsBusinessCombinations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of business combinations right to use of assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RightofuseAssetsBusinessCombinations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RightofuseAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current right to use of assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RightofuseAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RightofuseAssetsDisposals">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of right of use assets disposals.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RightofuseAssetsDisposals</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RightofuseAssetsInterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Interest expense right to use of assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RightofuseAssetsInterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RightofuseAssetsNonCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non current right to use of assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RightofuseAssetsNonCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RightofuseAssetsPaymentsOfLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Payments of lease liabilities right to use of assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RightofuseAssetsPaymentsOfLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RightofuseAssetsRemeasurement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of right of use assets re measurement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RightofuseAssetsRemeasurement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionsToRightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additions to right-of-use assets. [Refer: Right-of-use assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 53<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_53_h&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionsToRightofuseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationRightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation of right-of-use assets. [Refer: Depreciation and amortisation expense; Right-of-use assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 53<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_53_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationRightofuseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestExpenseOnLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest expense on lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 53<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_53_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpenseOnLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities related to the entity's leases. Lease is a contract, or part of a contract, that conveys the right to use an underlying asset for a period of time in exchange for consideration.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for payment of lease liabilities, classified as financing activities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that represent a lessee's right to use an underlying asset for the lease term. Underlying asset is an asset that is the subject of a lease, for which the right to use that asset has been provided by a lessor to a lessee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 53<br> -Subparagraph j<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_53_j&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RightofuseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550573875272">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Details 5) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="2"><div>Dec. 31, 2020</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2019</div></th>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">R$ 518,240<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">R$ 300,237<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AccountsPayableToSellingShareholdersCurrent', window );">Current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">188,420<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">131,883<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AccountsPayableToSellingShareholdersNonCurrent', window );">Non-current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">329,820<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">168,354<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoParaensedeEducacaoeCulturaLtdaMember', window );">Instituto Paraense De Educacao E Cultura Ltda. (IPEC) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">28,307<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">55,090<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_CentroDeCienciasEmSaudeDeItajubaSAMember', window );">Centro De Ciencias Em Saude De Itajuba S.A. ("CCSI") [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoDeEnsinoSuperiorDoPiauiSAMember', window );">Instituto De Ensino Superior Do Piaui S.A. ("IESP") [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">38,771<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="nump">75,450<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember', window );">FADEP - Faculdade Educacional De Pato Branco Ltda. ("FADEP") [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[6]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">18,745<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoEducacionalSantoAgostinhoSAMember', window );">Instituto Educacional Santo Agostinho S.A. ("FASA") [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">70,356<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[7]</sup></td>
<td class="nump">105,306<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[8]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember', window );">Instituto De Pesquisa E Ensino Medico Do Estado De Minas Gerais Ltda. ("IPEMED") [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">38,622<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">R$ 45,646<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[9]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_UniRedentorMember', window );">UniRedentor [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">97,773<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_UniSLMember', window );">UniSL [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[10]</sup></td>
<td class="nump">53,386<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FCMPBMember', window );">FCMPB [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[11]</sup></td>
<td class="nump">189,420<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FESARMember', window );">Faculdade de Ensino Superior da Amazonia Reunida - (FESAR) [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[12]</sup></td>
<td class="nump">1,569<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_MedPhoneMember', window );">MEDPHONE [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[13]</sup></td>
<td class="nump">R$ 36<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">On January 31, 2020, Afya Brazil acquired 100% of UniRedentor and R$ 114,607 was paid in cash on the transaction closing date, and the original amount of R$100,000 is payable in five equal installments from January 2021 through July 2024, adjusted by the CDI rate. The purchase consideration was adjusted by R$4,503 and such amount will be deducted from the first installment due in January 2021.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">On August 13, 2019, Afya Brazil acquired 100% of IPEC and R$54,000 was paid in cash on the transaction closing date, and (ii) R$54,000 is payable in two equal installments, adjusted by the CDI rate, and due annually at the end of the first and the second year from the transaction closing date.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">On May 30, 2018, Afya Brazil acquired 60% of CCSI and the amount payable is adjusted by the IGP-M inflation rate and was settled in December 2019.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[4]</td>
<td style="vertical-align: top;" valign="top">On November 27, 2018, Afya Brazil acquired 80% of IESP and the amounts of (i) R$8,906 was paid in February 2019, and (ii) R$106,200 is payable in three equal installments of R$35,400, each adjusted by the CDI rate through the payment date. The first and second installments were paid in November 2019 and 2020, respectively, and the remaining installment is due by the end of the third year from the transaction closing date.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[5]</td>
<td style="vertical-align: top;" valign="top">On November 27, 2018, Afya Brazil acquired 80% of IESP and the amounts of (i) R$8,906 is payable in February 2019, and (ii) R$106,200 is payable in three equal installments of R$35,400, each adjusted by the CDI rate through the payment date. The first installment was paid in November 2019 and the remaining two installments are due by the end of the second and third year from the transaction closing date.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[6]</td>
<td style="vertical-align: top;" valign="top">On December 5, 2018, Afya Brazil acquired 100% of FADEP and the amount of R$52,846 is payable in three equal installments of R$17,615, each adjusted by the SELIC rate through the payment date and due semiannually from the transaction closing date. The first installment was paid in June 2019, the second installment was paid in December 2019, and the last installment is due in June 2020.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[7]</td>
<td style="vertical-align: top;" valign="top">On April 3, 2019, Afya Brazil acquired 90% of FASA and R$ 39,695 was paid in April 2020, R$ 29,770 is payable in April 2021, and R$ 29,770 is payable in April 2022; each adjusted by the IPCA rate + 4.1% per year.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[8]</td>
<td style="vertical-align: top;" valign="top">On April 3, 2019, Afya Brazil acquired 90% of FASA and R$ 39,695 is payable in April 2020; R$ 29,770 is payable in April 2021; and R$ 29,770 is payable in April 2022, adjusted by the IPCA rate + 4.1% per year.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[9]</td>
<td style="vertical-align: top;" valign="top">On May 9, 2019, Afya Brazil acquired 100% of IPEMED and R$ 45,303 is payable in five equal installments of R$ 9,061, adjusted by the CDI rate, and due annually in February 2020, 2021, 2022, 2023 and 2024.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[10]</td>
<td style="vertical-align: top;" valign="top">On May 5, 2020, Afya Brazil acquired 100% of UniSL. The purchase consideration is R$201,521, of which: R$ 141,065 was paid in cash on the transaction closing date, and R$ 60,456 is payable in three equal installments through May 2023, adjusted by the CDI rate. The purchase consideration was adjusted by R$7,816 and such amount will be deducted from the first installment due in May 2021.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[11]</td>
<td style="vertical-align: top;" valign="top">On November 9, 2020, Afya Brazil acquired 100% of FCMPB. The net purchase price of R$379,913 was adjusted to R$378,807, of which: R$ 189,913 was paid in cash on the transaction closing date, and R$ 188,894 is payable in four installments through November 2024, adjusted by the CDI rate.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[12]</td>
<td style="vertical-align: top;" valign="top">On November 3, 2020, Afya Brazil acquired 100% of the share capital of FESAR. The aggregate purchase price was R$260,836, including the CDI rate adjustment from the singing and the real state of the operation, estimated at R$ 17,397, of which 100% was paid in cash on the closing of the operation. The purchase consideration was adjusted by R$1,569 and was paid on February 25, 2021.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[13]</td>
<td style="vertical-align: top;" valign="top">On November 4, 2020, Afya Brazil acquired 100% of the share capital of MedPhone. The net purchase price was R$6,373 of which 100% was paid in cash on the closing of the operation. The purchase consideration was adjusted by R$36 and was paid on February 2, 2021.</td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550582475080">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Details 6) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Opening balance</a></td>
<td class="nump">R$ 300,237<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpense', window );">Interest</a></td>
<td class="nump">25,543<span></span>
</td>
<td class="nump">R$ 24,002<span></span>
</td>
<td class="nump">R$ 2,404<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Closing balance</a></td>
<td class="nump">518,240<span></span>
</td>
<td class="nump">300,237<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersMember', window );">Accounts Payable To Selling Shareholders [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Opening balance</a></td>
<td class="nump">300,237<span></span>
</td>
<td class="nump">177,730<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AccountsPayableToSellingShareholderCashFlows', window );">Cash flows</a></td>
<td class="num">(134,518)<span></span>
</td>
<td class="num">(92,688)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AccountsPayableToSellingShareholdersAcquisitionOfIpec', window );">Acquisition of IPEC</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">54,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpense', window );">Interest</a></td>
<td class="nump">13,884<span></span>
</td>
<td class="nump">17,977<span></span>
</td>
<td class="nump">1,687<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AccountsPayableToSellingShareholdersBusinessCombinations', window );">Business combinations</a></td>
<td class="nump">343,140<span></span>
</td>
<td class="nump">144,538<span></span>
</td>
<td class="nump">176,043<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CompensationOfLegalProceedingsDisbursement', window );">Compensation of legal proceedings disbursement</a></td>
<td class="num">(4,503)<span></span>
</td>
<td class="num">(1,320)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Closing balance</a></td>
<td class="nump">R$ 518,240<span></span>
</td>
<td class="nump">R$ 300,237<span></span>
</td>
<td class="nump">R$ 177,730<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AccountsPayableToSellingShareholderCashFlows">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to accounts payable to selling shareholder cash flows.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AccountsPayableToSellingShareholderCashFlows</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AccountsPayableToSellingShareholdersAcquisitionOfIpec">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to accounts payable to selling shareholders acquisition of ipec.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AccountsPayableToSellingShareholdersAcquisitionOfIpec</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AccountsPayableToSellingShareholdersBusinessCombinations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to accounts payable to selling shareholders business combinations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AccountsPayableToSellingShareholdersBusinessCombinations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CompensationOfLegalProceedingsDisbursement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to compensation of legal proceedings disbursement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CompensationOfLegalProceedingsDisbursement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense arising from interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B13<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B13_f&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherPayablesToRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of payables due to related parties. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherPayablesToRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>129
<FILENAME>R90.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550585416920">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Details 7) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialAssetsAndFinancialLiabilitiesAbstract', window );"><strong>Financial Assets And Financial Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BusinessCombination', window );">Business combination</a></td>
<td class="nump">R$ 80,526<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_Payments', window );">Payments</a></td>
<td class="num">(5,974)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_MonetaryIndexation', window );">Monetary indexation</a></td>
<td class="nump">1,629<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotesPayables', window );">Notes payable ending</a></td>
<td class="nump">76,181<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">589,379<span></span>
</td>
<td class="nump">R$ 333,229<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">R$ 1,369,934<span></span>
</td>
<td class="nump">R$ 465,498<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_BusinessCombination">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_BusinessCombination</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_FinancialAssetsAndFinancialLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_FinancialAssetsAndFinancialLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_MonetaryIndexation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of monetary indexation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_MonetaryIndexation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NotesPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of notes payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NotesPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_Payments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_Payments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587947144">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Details 8) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, at carrying amount</a></td>
<td class="nump">R$ 9,680<span></span>
</td>
<td class="nump">R$ 26,642<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="nump">9,680<span></span>
</td>
<td class="nump">26,642<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, at carrying amount</a></td>
<td class="nump">1,659,609<span></span>
</td>
<td class="nump">645,866<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="nump">1,679,847<span></span>
</td>
<td class="nump">645,952<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtAmortisedCostMember', window );">Financial Liabilities At amortized Cost [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, at carrying amount</a></td>
<td class="nump">1,759,191<span></span>
</td>
<td class="nump">699,597<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_DerivativesMember', window );">Derivatives Not Designated As Hedging Instruments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, at carrying amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">757<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">757<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersMember', window );">Accounts Payable To Selling Shareholders [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, at carrying amount</a></td>
<td class="nump">518,240<span></span>
</td>
<td class="nump">300,237<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="nump">518,240<span></span>
</td>
<td class="nump">300,237<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_LeaseLiabilitiesMember', window );">Lease liabilities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, at carrying amount</a></td>
<td class="nump">447,703<span></span>
</td>
<td class="nump">284,515<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="nump">447,703<span></span>
</td>
<td class="nump">284,515<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingMember', window );">Loans And Financing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, at carrying amount</a></td>
<td class="nump">617,485<span></span>
</td>
<td class="nump">60,357<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="nump">637,723<span></span>
</td>
<td class="nump">60,443<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_NotesPayableMember', window );">Notes Payable[Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, at carrying amount</a></td>
<td class="nump">76,181<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="nump">76,181<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostMember', window );">Financial Assets At Amortised Cost [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, at carrying amount</a></td>
<td class="nump">1,357,039<span></span>
</td>
<td class="nump">1,095,290<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_DerivativesMember', window );">Derivatives Not Designated As Hedging Instruments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, at carrying amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_RestrictedCashMember', window );">Restricted Cash [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, at carrying amount</a></td>
<td class="nump">2,053<span></span>
</td>
<td class="nump">16,841<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="nump">2,053<span></span>
</td>
<td class="nump">16,841<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_TradeReceivablesMember', window );">Trade receivables [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, at carrying amount</a></td>
<td class="nump">7,627<span></span>
</td>
<td class="nump">9,801<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="nump">R$ 7,627<span></span>
</td>
<td class="nump">R$ 9,801<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose the entity&#8217;s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 35H<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35H&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 35I<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35I&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 35M<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35M&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 35N<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35N&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssetsAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of financial assets. [Refer: At fair value [member]; Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssetsAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that are: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or (b) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to deliver a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose, rights, options or warrants to acquire a fixed number of the entity&#8217;s own equity instruments for a fixed amount of any currency are equity instruments if the entity offers the rights, options or warrants pro rata to all of its existing owners of the same class of its own non-derivative equity instruments. Also, for those purposes the entity&#8217;s own equity instruments do not include puttable financial instruments that are classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. As an exception, an instrument that meets the definition of a financial liability is classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A-16B or paragraphs 16C-16D of IAS 32. [Refer: Financial instruments, class [member]; Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialLiabilitiesAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of financial liabilities. [Refer: At fair value [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilitiesAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtAmortisedCostMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtAmortisedCostMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_DerivativesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_DerivativesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_LeaseLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_LeaseLiabilitiesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_NotesPayableMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_DerivativesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_RestrictedCashMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=afya_RestrictedCashMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_TradeReceivablesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>131
<FILENAME>R92.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550575944344">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Details 9) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Balance as of ending</a></td>
<td class="nump">R$ 9,680<span></span>
</td>
<td class="nump">R$ 26,642<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Balance as of ending</a></td>
<td class="nump">1,659,609<span></span>
</td>
<td class="nump">645,866<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingMember', window );">Loans And Financing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Balance as of ending</a></td>
<td class="nump">617,485<span></span>
</td>
<td class="nump">60,357<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingMember', window );">Loans And Financing [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Balance as of ending</a></td>
<td class="num">R$ (10,864)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IndexRatePerYear', window );">Index - % per year</a></td>
<td class="text">TJLP p.y.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BaseRate', window );">Base rate</a></td>
<td class="num">R$ (494)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingMember', window );">Loans And Financing [Member] | Increase in basis points +75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(81)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingMember', window );">Loans And Financing [Member] | Increase in basis points +150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(163)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingMember', window );">Loans And Financing [Member] | Decrease in basis points -75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">81<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingMember', window );">Loans And Financing [Member] | Decrease in basis points -150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">163<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersOneMember', window );">AccountsPayableToSellingShareholdersOneMember | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Balance as of ending</a></td>
<td class="num">R$ (447,848)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IndexRatePerYear', window );">Index - % per year</a></td>
<td class="text">CDI<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BaseRate', window );">Base rate</a></td>
<td class="num">R$ (8,510)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersOneMember', window );">AccountsPayableToSellingShareholdersOneMember | Increase in basis points +75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(3,359)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersOneMember', window );">AccountsPayableToSellingShareholdersOneMember | Increase in basis points +150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(6,718)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersOneMember', window );">AccountsPayableToSellingShareholdersOneMember | Decrease in basis points -75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">3,359<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersOneMember', window );">AccountsPayableToSellingShareholdersOneMember | Decrease in basis points -150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">6,718<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_LeaseLiabilitiesMember', window );">Lease liabilities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Balance as of ending</a></td>
<td class="nump">447,703<span></span>
</td>
<td class="nump">284,515<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersMember', window );">Accounts Payable To Selling Shareholders [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Balance as of ending</a></td>
<td class="nump">518,240<span></span>
</td>
<td class="nump">300,237<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_DerivativesMember', window );">Derivatives Not Designated As Hedging Instruments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Balance as of ending</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">757<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingOneMember', window );">Loans And Financing [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Balance as of ending</a></td>
<td class="num">R$ (101,785)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IndexRatePerYear', window );">Index - % per year</a></td>
<td class="text">1.65%+100%CDI<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BaseRate', window );">Base rate</a></td>
<td class="num">R$ (3,613)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingOneMember', window );">Loans And Financing [Member] | Increase in basis points +75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(763)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingOneMember', window );">Loans And Financing [Member] | Increase in basis points +150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(1,527)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingOneMember', window );">Loans And Financing [Member] | Decrease in basis points -75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">763<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingOneMember', window );">Loans And Financing [Member] | Decrease in basis points -150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">1,527<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingTwoMember', window );">Loans And Financing [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Balance as of ending</a></td>
<td class="num">R$ (504,365)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IndexRatePerYear', window );">Index - % per year</a></td>
<td class="text">1.62%+CDI<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BaseRate', window );">Base rate</a></td>
<td class="num">R$ (17,754)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersSevenMember', window );">Accounts payable to selling shareholders [member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Balance as of ending</a></td>
<td class="num">R$ (70,356)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IndexRatePerYear', window );">Index - % per year</a></td>
<td class="text">IPCA+4.1%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BaseRate', window );">Base rate</a></td>
<td class="num">R$ (2,894)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersSevenMember', window );">Accounts payable to selling shareholders [member] | Increase in basis points +75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(528)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersSevenMember', window );">Accounts payable to selling shareholders [member] | Increase in basis points +150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(1,055)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersSevenMember', window );">Accounts payable to selling shareholders [member] | Decrease in basis points -75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">528<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersSevenMember', window );">Accounts payable to selling shareholders [member] | Decrease in basis points -150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">1,055<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_NotesPayableMember', window );">Notes payable [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Balance as of ending</a></td>
<td class="nump">76,181<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_NotesPayableMember', window );">Notes payable [member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Balance as of ending</a></td>
<td class="num">(76,181)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_NotesPayableMember', window );">Notes payable [member] | Increase in basis points +75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(571)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_NotesPayableMember', window );">Notes payable [member] | Increase in basis points +150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(1,143)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_NotesPayableMember', window );">Notes payable [member] | Decrease in basis points -75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">571<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_NotesPayableMember', window );">Notes payable [member] | Decrease in basis points -150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">1,143<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingThreeMember', window );">Loans And Financing [Member] | Increase in basis points +75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(3,783)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingThreeMember', window );">Loans And Financing [Member] | Increase in basis points +150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(7,565)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingThreeMember', window );">Loans And Financing [Member] | Decrease in basis points -75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">3,783<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingThreeMember', window );">Loans And Financing [Member] | Decrease in basis points -150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">7,565<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_CashEquivalents1Member', window );">Cash Equivalents [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Balance as of ending</a></td>
<td class="nump">R$ 916,790<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IndexRatePerYear', window );">Index - % per year</a></td>
<td class="text">90.95% CDI<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BaseRate', window );">Base rate</a></td>
<td class="nump">R$ 15,843<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_CashEquivalents1Member', window );">Cash Equivalents [Member] | Increase in basis points +75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">6,976<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_CashEquivalents1Member', window );">Cash Equivalents [Member] | Increase in basis points +150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">13,952<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_CashEquivalents1Member', window );">Cash Equivalents [Member] | Decrease in basis points -75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(6,976)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_CashEquivalents1Member', window );">Cash Equivalents [Member] | Decrease in basis points -150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(13,952)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_RestrictedCashMember', window );">Restricted Cash [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Balance as of ending</a></td>
<td class="nump">2,053<span></span>
</td>
<td class="nump">16,841<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_RestrictedCashMember', window );">Restricted Cash [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Balance as of ending</a></td>
<td class="nump">R$ 2,053<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IndexRatePerYear', window );">Index - % per year</a></td>
<td class="text">76.10% CDI<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BaseRate', window );">Base rate</a></td>
<td class="nump">R$ 30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_RestrictedCashMember', window );">Restricted Cash [Member] | Increase in basis points +75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">15<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_RestrictedCashMember', window );">Restricted Cash [Member] | Increase in basis points +150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="nump">31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_RestrictedCashMember', window );">Restricted Cash [Member] | Decrease in basis points -75 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(15)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_RestrictedCashMember', window );">Restricted Cash [Member] | Decrease in basis points -150 [Member] | Floating interest rate [member] | Interest Rate Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets', window );">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, recognised in profit or loss, before tax, assets</a></td>
<td class="num">(31)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostMember', window );">Financial Assets At Amortised Cost [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Balance as of ending</a></td>
<td class="nump">1,357,039<span></span>
</td>
<td class="nump">1,095,290<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_DerivativesMember', window );">Derivatives Not Designated As Hedging Instruments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Balance as of ending</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_TradeReceivablesMember', window );">Trade receivables [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Balance as of ending</a></td>
<td class="nump">R$ 7,627<span></span>
</td>
<td class="nump">R$ 9,801<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_BaseRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to base rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_BaseRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_IndexRatePerYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about index rate per year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_IndexRatePerYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose the entity&#8217;s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 35H<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35H&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 35I<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35I&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 35M<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35M&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 35N<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35N&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that are: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or (b) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to deliver a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose, rights, options or warrants to acquire a fixed number of the entity&#8217;s own equity instruments for a fixed amount of any currency are equity instruments if the entity offers the rights, options or warrants pro rata to all of its existing owners of the same class of its own non-derivative equity instruments. Also, for those purposes the entity&#8217;s own equity instruments do not include puttable financial instruments that are classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. As an exception, an instrument that meets the definition of a financial liability is classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A-16B or paragraphs 16C-16D of IAS 32. [Refer: Financial instruments, class [member]; Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of increase (decrease) in the fair value measurement of assets, recognised in profit or loss before tax, due to a reasonably possible decrease in an unobservable input. [Refer: Tax income (expense)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph h<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_h_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of increase (decrease) in the fair value measurement of assets, recognised in profit or loss before tax, due to a reasonably possible increase in an unobservable input. [Refer: Tax income (expense)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2020-01-01<br> -Paragraph 93<br> -Subparagraph h<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_93_h_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputRecognisedInProfitOrLossBeforeTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FloatingInterestRateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FloatingInterestRateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=ifrs-full_InterestRateRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ifrs-full_InterestRateRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProbabilityOfDefaultAxis=afya_IncreaseBasisPointsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProbabilityOfDefaultAxis=afya_IncreaseBasisPointsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProbabilityOfDefaultAxis=afya_IncreaseBasisPointsOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProbabilityOfDefaultAxis=afya_IncreaseBasisPointsOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProbabilityOfDefaultAxis=afya_DecreaseBasisPointsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProbabilityOfDefaultAxis=afya_DecreaseBasisPointsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProbabilityOfDefaultAxis=afya_DecreaseBasisPointsOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProbabilityOfDefaultAxis=afya_DecreaseBasisPointsOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_LeaseLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_LeaseLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_DerivativesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_DerivativesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersSevenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_AccountsPayableToSellingShareholdersSevenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_NotesPayableMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_NotesPayableMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingThreeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=afya_LoansAndFinancingThreeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_CashEquivalents1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=afya_CashEquivalents1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_RestrictedCashMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=afya_RestrictedCashMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_DerivativesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_DerivativesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_TradeReceivablesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>132
<FILENAME>R93.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587257224">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Details 10) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="num">R$ (101,833)<span></span>
</td>
<td class="num">R$ (880,949)<span></span>
</td>
<td class="num">R$ (36,770)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RiskExposuresAxis=afya_IncreaseForeignCurrencyMember', window );">Increase in Foreign Currency Sensitivity +10% [Member] | Foreign Currency Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,052<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RiskExposuresAxis=afya_DecreaseForeignCurrencyMember', window );">Decrease in Foreign Currency Sensitivity -10% [Member] | Foreign Currency Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(7,052)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RiskExposuresAxis=afya_ForeignCurrencyExposuresMember', window );">Exposure [Member] | Foreign Currency Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 70,523<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in cash and cash equivalents. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RiskExposuresAxis=afya_IncreaseForeignCurrencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RiskExposuresAxis=afya_IncreaseForeignCurrencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RiskExposuresAxis=afya_DecreaseForeignCurrencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RiskExposuresAxis=afya_DecreaseForeignCurrencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RiskExposuresAxis=afya_ForeignCurrencyExposuresMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RiskExposuresAxis=afya_ForeignCurrencyExposuresMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>133
<FILENAME>R94.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550583825080">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Details 11) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="nump">R$ 617,485<span></span>
</td>
<td class="nump">R$ 60,357<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">447,703<span></span>
</td>
<td class="nump">284,515<span></span>
</td>
<td class="nump">R$ 212,360<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="nump">518,240<span></span>
</td>
<td class="nump">300,237<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ifrs-full_LiquidityRiskMember', window );">Liquidity Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToTradeSuppliers', window );">Trade payables</a></td>
<td class="nump">35,743<span></span>
</td>
<td class="nump">17,628<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="nump">698,398<span></span>
</td>
<td class="nump">62,487<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">1,023,546<span></span>
</td>
<td class="nump">704,309<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="nump">534,638<span></span>
</td>
<td class="nump">332,215<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotePayables', window );">Notes payable</a></td>
<td class="nump">94,886<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Advances', window );">Advances from customers</a></td>
<td class="nump">63,839<span></span>
</td>
<td class="nump">36,860<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivatives</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">757<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialLiabilitiesContractualUndiscounted', window );">Financial liabilities contractual undiscounted</a></td>
<td class="nump">2,451,050<span></span>
</td>
<td class="nump">1,154,256<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">More Than 5 Years [Member] | Liquidity Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToTradeSuppliers', window );">Trade payables</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="nump">3,094<span></span>
</td>
<td class="nump">1,926<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">705,115<span></span>
</td>
<td class="nump">502,831<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotePayables', window );">Notes payable</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Advances', window );">Advances from customers</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivatives</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialLiabilitiesContractualUndiscounted', window );">Financial liabilities contractual undiscounted</a></td>
<td class="nump">708,209<span></span>
</td>
<td class="nump">504,757<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearMember', window );">Less Than 1 Year [Member] | Liquidity Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToTradeSuppliers', window );">Trade payables</a></td>
<td class="nump">35,743<span></span>
</td>
<td class="nump">17,628<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="nump">125,137<span></span>
</td>
<td class="nump">54,507<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">63,092<span></span>
</td>
<td class="nump">44,139<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="nump">191,145<span></span>
</td>
<td class="nump">137,608<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotePayables', window );">Notes payable</a></td>
<td class="nump">11,083<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Advances', window );">Advances from customers</a></td>
<td class="nump">63,839<span></span>
</td>
<td class="nump">36,860<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivatives</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">757<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialLiabilitiesContractualUndiscounted', window );">Financial liabilities contractual undiscounted</a></td>
<td class="nump">490,039<span></span>
</td>
<td class="nump">291,499<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember', window );">1 to 3 Years [Member] | Liquidity Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToTradeSuppliers', window );">Trade payables</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="nump">566,157<span></span>
</td>
<td class="nump">3,537<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">131,225<span></span>
</td>
<td class="nump">81,326<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="nump">262,340<span></span>
</td>
<td class="nump">182,535<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotePayables', window );">Notes payable</a></td>
<td class="nump">83,803<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Advances', window );">Advances from customers</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivatives</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialLiabilitiesContractualUndiscounted', window );">Financial liabilities contractual undiscounted</a></td>
<td class="nump">1,043,525<span></span>
</td>
<td class="nump">267,398<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember', window );">3 To 5 Years [Member] | Liquidity Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToTradeSuppliers', window );">Trade payables</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="nump">4,010<span></span>
</td>
<td class="nump">2,517<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">124,114<span></span>
</td>
<td class="nump">76,013<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="nump">81,153<span></span>
</td>
<td class="nump">12,072<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotePayables', window );">Notes payable</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Advances', window );">Advances from customers</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivatives</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialLiabilitiesContractualUndiscounted', window );">Financial liabilities contractual undiscounted</a></td>
<td class="nump">R$ 209,277<span></span>
</td>
<td class="nump">R$ 90,602<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_FinancialLiabilitiesContractualUndiscounted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial liabilities contractual undiscounted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_FinancialLiabilitiesContractualUndiscounted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LoansAndFinancing">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to loans and financing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LoansAndFinancing</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NotePayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of note payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NotePayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Advances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of payments received for goods or services to be provided in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Advances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial liabilities classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities related to the entity's leases. Lease is a contract, or part of a contract, that conveys the right to use an underlying asset for a period of time in exchange for consideration.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherPayablesToRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of payables due to related parties. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherPayablesToRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherPayablesToTradeSuppliers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of payment due to suppliers for goods and services used in the entity's business.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherPayablesToTradeSuppliers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=ifrs-full_LiquidityRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ifrs-full_LiquidityRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
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<SEQUENCE>134
<FILENAME>R95.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550575885912">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Details 12) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">Liabilities arising from financing activities, beginning</a></td>
<td class="nump">R$ 344,872<span></span>
</td>
<td class="nump">R$ 81,936<span></span>
</td>
<td class="nump">R$ 18,817<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities', window );">Payments</a></td>
<td class="num">(223,529)<span></span>
</td>
<td class="num">(166,684)<span></span>
</td>
<td class="num">(12,443)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities', window );">Addition</a></td>
<td class="nump">716,929<span></span>
</td>
<td class="nump">78,295<span></span>
</td>
<td class="nump">74,980<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities', window );">Interest</a></td>
<td class="nump">54,489<span></span>
</td>
<td class="nump">37,494<span></span>
</td>
<td class="nump">2,821<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities', window );">Foreign exchange movement</a></td>
<td class="nump">21,279<span></span>
</td>
<td class="nump">1,126<span></span>
</td>
<td class="nump">2,697<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities', window );">Business combination</a></td>
<td class="nump">152,670<span></span>
</td>
<td class="nump">104,452<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities', window );">Other</a></td>
<td class="num">(1,522)<span></span>
</td>
<td class="num">(4,107)<span></span>
</td>
<td class="num">(4,936)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">Liabilities arising from financing activities, ending</a></td>
<td class="nump">1,065,188<span></span>
</td>
<td class="nump">344,872<span></span>
</td>
<td class="nump">81,936<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis=afya_DividendsPayableMember', window );">Dividends Payable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">Liabilities arising from financing activities, beginning</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">4,107<span></span>
</td>
<td class="nump">14,888<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities', window );">Payments</a></td>
<td class="num">(12,984)<span></span>
</td>
<td class="num">(51,812)<span></span>
</td>
<td class="num">(5,845)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities', window );">Addition</a></td>
<td class="nump">12,984<span></span>
</td>
<td class="nump">51,812<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities', window );">Interest</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities', window );">Foreign exchange movement</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities', window );">Business combination</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities', window );">Other</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(4,107)<span></span>
</td>
<td class="num">(4,936)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">Liabilities arising from financing activities, ending</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">4,107<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis=ifrs-full_LeaseLiabilitiesMember', window );">Lease liabilities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">Liabilities arising from financing activities, beginning</a></td>
<td class="nump">284,515<span></span>
</td>
<td class="nump">212,360<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities', window );">Payments</a></td>
<td class="num">(55,455)<span></span>
</td>
<td class="num">(39,779)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities', window );">Addition</a></td>
<td class="nump">98,904<span></span>
</td>
<td class="nump">19,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities', window );">Interest</a></td>
<td class="nump">44,458<span></span>
</td>
<td class="nump">31,469<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities', window );">Foreign exchange movement</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities', window );">Business combination</a></td>
<td class="nump">76,855<span></span>
</td>
<td class="nump">61,365<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities', window );">Other</a></td>
<td class="num">(1,574)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">Liabilities arising from financing activities, ending</a></td>
<td class="nump">447,703<span></span>
</td>
<td class="nump">284,515<span></span>
</td>
<td class="nump">212,360<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis=afya_LoansAndFinancingMember', window );">Loans And Financing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">Liabilities arising from financing activities, beginning</a></td>
<td class="nump">60,357<span></span>
</td>
<td class="nump">77,829<span></span>
</td>
<td class="nump">3,823<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities', window );">Payments</a></td>
<td class="num">(155,090)<span></span>
</td>
<td class="num">(75,093)<span></span>
</td>
<td class="num">(6,492)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities', window );">Addition</a></td>
<td class="nump">605,041<span></span>
</td>
<td class="nump">7,383<span></span>
</td>
<td class="nump">74,980<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities', window );">Interest</a></td>
<td class="nump">10,031<span></span>
</td>
<td class="nump">6,025<span></span>
</td>
<td class="nump">2,821<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities', window );">Foreign exchange movement</a></td>
<td class="nump">21,279<span></span>
</td>
<td class="nump">1,126<span></span>
</td>
<td class="nump">2,697<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities', window );">Business combination</a></td>
<td class="nump">75,815<span></span>
</td>
<td class="nump">43,087<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities', window );">Other</a></td>
<td class="nump">52<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">Liabilities arising from financing activities, ending</a></td>
<td class="nump">R$ 617,485<span></span>
</td>
<td class="nump">R$ 60,357<span></span>
</td>
<td class="nump">77,829<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis=afya_PayableToRelatedPartiesMember', window );">Related Parties [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">Liabilities arising from financing activities, beginning</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">106<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities', window );">Payments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(106)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities', window );">Addition</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities', window );">Interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities', window );">Foreign exchange movement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities', window );">Business combination</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities', window );">Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of increase through interest on liabilities arising from financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_IncreaseThroughInterestOnLiabilitiesArisingFromFinancingActivities</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in liabilities arising from financing activities resulting from the effect of changes in foreign exchange rates. [Refer: Liabilities arising from financing activities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 44B<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_44B_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in liabilities arising from financing activities resulting from financing cash flows. [Refer: Cash flows from (used in) financing activities; Liabilities arising from financing activities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 44B<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_44B_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in liabilities arising from financing activities resulting from obtaining or losing control of subsidiaries or other businesses. [Refer: Liabilities arising from financing activities; Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 44B<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_44B_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in liabilities arising from financing activities resulting from changes that the entity does not separately disclose in the same statement or note. [Refer: Liabilities arising from financing activities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 44B<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_44B_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in liabilities arising from financing activities resulting from new leases. [Refer: Liabilities arising from financing activities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Section A Statement of cash flows for an entity other than a financial institution<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;doctype=Illustrative%20Examples&amp;dita_xref=IAS07_IE_A_TI<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 44B<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_44B&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities for which cash flows were, or future cash flows will be, classified in the statement of cash flows as cash flows from financing activities. [Refer: Cash flows from (used in) financing activities; Liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 44D<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_44D&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilitiesArisingFromFinancingActivities</td>
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<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>12 Financial assets and financial liabilities (Details Narrative)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>May 09, 2019</div></th>
<th class="th"><div>Dec. 05, 2018</div></th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Dec. 31, 2019 </div>
<div>BRL (R$) </div>
<div>Number</div>
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<th class="th">
<div>Aug. 13, 2019 </div>
<div>BRL (R$)</div>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ContractualLeaseTerm', window );">Contractual lease term</a></td>
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<td class="text">1 year<span></span>
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<td class="text">1 year<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed', window );">Amount recognized lease expense from short-term leases and low-value assets</a></td>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember', window );">Foreign Currency Risk [Member]</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember', window );">Foreign Currency Risk [Member] | Euro</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClosingForeignExchangeRate', window );">Closing foreign exchange rate | Number</a></td>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">1.00<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember', window );">Instituto de pesquisa e ensino medico do estado de minas gerais ltda. ("IPEMED") [member]</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DescriptionOfInstallmentsPayable', window );">Description of Installments payable</a></td>
<td class="text">Five equal installments<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember', window );">FADEP - Faculdade Educacional De Pato Branco Ltda. ("FADEP") [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DescriptionOfInstallmentsPayable', window );">Description of Installments payable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">The first installment was paid in June 2019, the second installment was paid in December 2019, and the last installment is due in June 2020.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoParaensedeEducacaoeCulturaLtdaMember', window );">Instituto Paraense De Educacao E Cultura Ltda. (IPEC) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CashTransferredTransaction', window );">Cash on the transaction closing date</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 54,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of Range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ContractualLeaseTerm', window );">Contractual lease term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of Range [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ContractualLeaseTerm', window );">Contractual lease term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">30 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=afya_CashEquivalentMember', window );">CashEquivalentMember | Foreign Currency Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems', window );"><strong>Disclosure of redesignated financial assets and liabilities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CreditExposure', window );">Exposure risk</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 70,523<span></span>
</td>
<td class="nump">R$ 2,529<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CashTransferredTransaction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>the amount of cash transferred transaction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CashTransferredTransaction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ContractualLeaseTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about contractual lease term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ContractualLeaseTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DescriptionOfInstallmentsPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about installments payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DescriptionOfInstallmentsPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_SensitivityChangeInTheEuroExchangeRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about percentage of sensitivity change in the euro exchange rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_SensitivityChangeInTheEuroExchangeRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClosingForeignExchangeRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The spot exchange rate at the end of the reporting period. Exchange rate is the ratio of exchange for two currencies. Spot exchange rate is the exchange rate for immediate delivery.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClosingForeignExchangeRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CreditExposure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of exposure to loss resulting from credit risk. [Refer: Credit risk [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Note Expiry date 2021-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph IG24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2017-en-b&amp;anchor=para_IG24_a&amp;doctype=Implementation%20Guidance&amp;book=b<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Note Expiry date 2021-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph IG25<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2017-en-b&amp;anchor=para_IG25_b&amp;doctype=Implementation%20Guidance&amp;book=b<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Note Expiry date 2021-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 36<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2017-en-b&amp;anchor=para_36_c&amp;doctype=Standard&amp;book=b<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CreditExposure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the expense relating to leases of low-value assets accounted for applying paragraph 6 of IFRS 16. This expense shall not include the expense relating to short-term leases of low-value assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 53<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_53_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_CurrencyAxis=currency_EUR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_CurrencyAxis=currency_EUR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutodePesquisaeEnsinoMedicodoEstadodeMinasGeraisLtdaMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_FADEPFaculdadeEducacionalDePatoBrancoLtdaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoParaensedeEducacaoeCulturaLtdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_InstitutoParaensedeEducacaoeCulturaLtdaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=afya_CashEquivalentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>136
<FILENAME>R97.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550573982760">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>13 Fair value measurement (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentTradeReceivables', window );">Trade receivable (non-current)</a></td>
<td class="nump">R$ 7,627<span></span>
</td>
<td class="nump">R$ 9,801<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RestrictedCashAndCashEquivalents', window );">Restricted Cash</a></td>
<td class="nump">2,053<span></span>
</td>
<td class="nump">16,841<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="nump">617,485<span></span>
</td>
<td class="nump">60,357<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="num">(447,703)<span></span>
</td>
<td class="num">(284,515)<span></span>
</td>
<td class="num">R$ (212,360)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="num">(518,240)<span></span>
</td>
<td class="num">(300,237)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotesPayables', window );">Notes payable</a></td>
<td class="nump">76,181<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">At Fair Value [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DerivativeFinancialLiabilitiesCrossCurrencyInterestRateSwaps', window );">Derivative financial liabilities, Cross-currency interest rate swaps</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(757)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember', window );">For Which Fair Value Is Disclosed [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentTradeReceivables', window );">Trade receivable (non-current)</a></td>
<td class="nump">7,627<span></span>
</td>
<td class="nump">9,801<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RestrictedCashAndCashEquivalents', window );">Restricted Cash</a></td>
<td class="nump">2,053<span></span>
</td>
<td class="nump">16,841<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="num">(637,723)<span></span>
</td>
<td class="num">(60,443)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="num">(447,703)<span></span>
</td>
<td class="num">(284,515)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="num">(518,240)<span></span>
</td>
<td class="num">(300,237)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotesPayables', window );">Notes payable</a></td>
<td class="num">(76,181)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 Of Fair Value Hierarchy [member] | At Fair Value [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DerivativeFinancialLiabilitiesCrossCurrencyInterestRateSwaps', window );">Derivative financial liabilities, Cross-currency interest rate swaps</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 Of Fair Value Hierarchy [member] | For Which Fair Value Is Disclosed [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentTradeReceivables', window );">Trade receivable (non-current)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RestrictedCashAndCashEquivalents', window );">Restricted Cash</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotesPayables', window );">Notes payable</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 Of Fair Value Hierarchy [member] | At Fair Value [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DerivativeFinancialLiabilitiesCrossCurrencyInterestRateSwaps', window );">Derivative financial liabilities, Cross-currency interest rate swaps</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(757)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 Of Fair Value Hierarchy [member] | For Which Fair Value Is Disclosed [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentTradeReceivables', window );">Trade receivable (non-current)</a></td>
<td class="nump">7,627<span></span>
</td>
<td class="nump">9,801<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RestrictedCashAndCashEquivalents', window );">Restricted Cash</a></td>
<td class="nump">2,053<span></span>
</td>
<td class="nump">16,841<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="num">(637,723)<span></span>
</td>
<td class="num">(60,443)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="num">(447,703)<span></span>
</td>
<td class="num">(284,515)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="num">(518,240)<span></span>
</td>
<td class="num">(300,237)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotesPayables', window );">Notes payable</a></td>
<td class="num">(76,181)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 Of Fair Value Hierarchy [Member] | At Fair Value [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DerivativeFinancialLiabilitiesCrossCurrencyInterestRateSwaps', window );">Derivative financial liabilities, Cross-currency interest rate swaps</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 Of Fair Value Hierarchy [Member] | For Which Fair Value Is Disclosed [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentTradeReceivables', window );">Trade receivable (non-current)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RestrictedCashAndCashEquivalents', window );">Restricted Cash</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NotesPayables', window );">Notes payable</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DerivativeFinancialLiabilitiesCrossCurrencyInterestRateSwaps">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to Derivative financial liabilities, Cross-currency interest rate swaps.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DerivativeFinancialLiabilitiesCrossCurrencyInterestRateSwaps</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LoansAndFinancing">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to loans and financing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LoansAndFinancing</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NotesPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of notes payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NotesPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities related to the entity's leases. Lease is a contract, or part of a contract, that conveys the right to use an underlying asset for a period of time in exchange for consideration.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash and cash equivalents whose use or withdrawal is restricted. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherPayablesToRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of payables due to related parties. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherPayablesToRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td style="white-space:nowrap;">ifrs-full_MeasurementAxis=ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember</td>
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<DOCUMENT>
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<SEQUENCE>137
<FILENAME>R98.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<head>
<title></title>
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<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550577408760">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>14 Capital management (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CapitalManagementAbstract', window );"><strong>Capital Management</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LoansAndFinancing', window );">Loans and financing</a></td>
<td class="nump">R$ 617,485<span></span>
</td>
<td class="nump">R$ 60,357<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">447,703<span></span>
</td>
<td class="nump">284,515<span></span>
</td>
<td class="nump">R$ 212,360<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesToRelatedParties', window );">Accounts payable to selling shareholders</a></td>
<td class="nump">518,240<span></span>
</td>
<td class="nump">300,237<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotesAndDebenturesIssued', window );">Notes payable</a></td>
<td class="nump">76,181<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Less: cash and cash equivalents</a></td>
<td class="num">(1,045,042)<span></span>
</td>
<td class="num">(943,209)<span></span>
</td>
<td class="num">R$ (62,260)<span></span>
</td>
<td class="num">R$ (25,490)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RestrictedCashAndCashEquivalents', window );">Less: restricted cash</a></td>
<td class="num">(2,053)<span></span>
</td>
<td class="num">(16,841)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetDebt', window );">Net debt</a></td>
<td class="nump">612,514<span></span>
</td>
<td class="num">(314,941)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_EquityOne', window );">Total equity</a></td>
<td class="nump">2,833,780<span></span>
</td>
<td class="nump">2,113,726<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_EquityAndNetDebt', window );">Total equity and net debt</a></td>
<td class="nump">R$ 3,446,294<span></span>
</td>
<td class="nump">R$ 1,798,785<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CapitalManagementAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CapitalManagementAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_EquityAndNetDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of total equity and net debt of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_EquityAndNetDebt</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
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</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_EquityOne</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LoansAndFinancing">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to loans and financing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LoansAndFinancing</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities related to the entity's leases. Lease is a contract, or part of a contract, that conveys the right to use an underlying asset for a period of time in exchange for consideration.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net debt of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of notes and debentures issued by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NotesAndDebenturesIssued</td>
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<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash and cash equivalents whose use or withdrawal is restricted. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RestrictedCashAndCashEquivalents</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of payables due to related parties. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">ifrs-full_TradeAndOtherPayablesToRelatedParties</td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587481560">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>15 Labor and social obligations (Details)<br></strong></div></th>
<th class="th" colspan="2"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="5">1 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Mar. 29, 2019 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th"><sup>[1]</sup></th>
<th class="th">
<div>Feb. 07, 2019 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>May 15, 2018 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>Number</div>
</th>
<th class="th"><div>Nov. 30, 2020</div></th>
<th class="th"><div>Aug. 31, 2020</div></th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>Number</div>
</th>
<th class="th">
<div>Sep. 30, 2019 </div>
<div>Number</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsAbstract', window );"><strong>Labor And Social Obligations</strong></a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_WeightedAverageSharePriceShareOptionsGranted', window );">Weighted average fair value at the measurement date</a></td>
<td colspan="2" class="nump">$ 684.22<span></span>
</td>
<td class="nump">$ 529.12<span></span>
</td>
<td class="nump">$ 366.16<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted', window );">Dividend yield (%)</a></td>
<td colspan="2" class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted', window );">Expected volatility (%)</a></td>
<td colspan="2" class="nump">43.70%<span></span>
</td>
<td class="nump">45.50%<span></span>
</td>
<td class="nump">49.50%<span></span>
</td>
<td class="nump">69.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">39.70%<span></span>
</td>
<td class="nump">38.90%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted', window );">Risk-free interest rate (%)</a></td>
<td colspan="2" class="nump">7.20%<span></span>
</td>
<td class="nump">7.60%<span></span>
</td>
<td class="nump">7.70%<span></span>
</td>
<td class="nump">0.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.80%<span></span>
</td>
<td class="nump">1.40%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted', window );">Expected life of stock options (years) | Number</a></td>
<td colspan="2" class="nump">4.0<span></span>
</td>
<td class="nump">4.0<span></span>
</td>
<td class="nump">4.0<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019', window );">Weighted average share price</a></td>
<td colspan="2" class="nump">$ 213.35<span></span>
</td>
<td class="nump">$ 368.41<span></span>
</td>
<td class="nump">$ 254.13<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted', window );">Model used</a></td>
<td colspan="2" class="text">Black & Scholes<span></span>
</td>
<td class="text">Monte Carlo<span></span>
</td>
<td class="text">Monte Carlo<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
</tr>
<tr><td colspan="10"></td></tr>
<tr><td colspan="10"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">After the corporate reorganization described in Note 1, the options originally granted under the Guardayas plan granted on August 10, 2018 were remeasured at fair value and included in Afya Brazils plan with no changes to the previous terms and conditions other than the shares subject to such options granted and, consequently, the number of stock and exercise price of the shares as per the share exchange ratio applied on the corporate reorganization</td>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LaborAndSocialObligationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LaborAndSocialObligationsAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_WeightedAverageSharePriceShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about weighted average share price share options granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_WeightedAverageSharePriceShareOptionsGranted</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The expected volatility of the share price used to calculate the fair value of the share options granted. Expected volatility is a measure of the amount by which a price is expected to fluctuate during a period. The measure of volatility used in option pricing models is the annualised standard deviation of the continuously compounded rates of return on the share over a period of time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The option life of share options granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfOptionLifeShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the option pricing model used for share options granted. [Refer: Option pricing model [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The implied yield currently available on zero-coupon government issues of the country in whose currency the exercise price for share options granted is expressed, with a remaining term equal to the expected term of the option being valued (based on the option's remaining contractual life and taking into account the effects of expected early exercise). [Refer: Government [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of an expected dividend used to calculate the fair value of share options granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average share price used as input to the option pricing model to calculate the fair value of share options granted. [Refer: Option pricing model [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>139
<FILENAME>R100.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587321800">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>15 Labor and social obligations (Details 1) - Number<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsAbstract', window );"><strong>Labor And Social Obligations</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOutstandingShareOptions', window );">Options outstanding at the beginning</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">1,291,248<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement', window );">Granted</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">293,860<span></span>
</td>
<td class="nump">1,434,720<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement', window );">Forfeited</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NumberOfShareOptionsAdditionOfGuardayaPlanInSharebasedPaymentsArrangement', window );">Addition of Guardaya's plan</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">257,320<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement', window );">Exercised</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(1,842,428)<span></span>
</td>
<td class="num">(143,472)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement', window );">Expired</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOutstandingShareOptions', window );">Options outstanding at the ending</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,291,248<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">The number of common shares outstanding from Afya Brazil was retrospectively adjusted in the proportion of 1:28 due to the contribution of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya Brazil contributed to Afya, which did not result in changes on the arrangements of the plans.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LaborAndSocialObligationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LaborAndSocialObligationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NumberOfShareOptionsAdditionOfGuardayaPlanInSharebasedPaymentsArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options addition of guarddaya plan in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NumberOfShareOptionsAdditionOfGuardayaPlanInSharebasedPaymentsArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfOutstandingShareOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options outstanding in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_vi&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfOutstandingShareOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options exercised in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_iv&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options expired in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_v&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options forfeited in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_iii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options granted in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
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<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550573912568">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>15 Labor and social obligations (Details 2)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Dec. 31, 2019 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Dec. 31, 2018 </div>
<div>Number</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>Number</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberAndAverageNumberOfEmployeesAbstract', window );"><strong>Number of stock options</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOutstandingShareOptions', window );">Outstanding at the beginning</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,291,248<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement', window );">Granted</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">293,860<span></span>
</td>
<td class="nump">1,434,720<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement', window );">Forfeited</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement', window );">Exercised</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,842,428)<span></span>
</td>
<td class="num">(143,472)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement', window );">Expired</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOutstandingShareOptions', window );">Outstanding at the ending</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,291,248<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageSharesAndAdjustedWeightedAverageSharesAbstract', window );"><strong>Weighted average exercise price</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019', window );">Outstanding at the beginning | $ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 74.53<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019', window );">Granted | $ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">94.55<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019', window );">Forfeited | $ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">74.57<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019', window );">Exercised | $ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">96.20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019', window );">Outstanding at the ending | $ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 78.22<span></span>
</td>
<td class="nump">$ 74.53<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis=afya_StockOptionsMember', window );">Stock option [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberAndAverageNumberOfEmployeesAbstract', window );"><strong>Number of stock options</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOutstandingShareOptions', window );">Outstanding at the beginning</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,510,983<span></span>
</td>
<td class="nump">2,364,214<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement', window );">Granted</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">477,220<span></span>
</td>
<td class="nump">2,364,214<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement', window );">Forfeited</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(274,359)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement', window );">Exercised</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(56,092)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement', window );">Expired</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOutstandingShareOptions', window );">Outstanding at the ending</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,510,983<span></span>
</td>
<td class="nump">2,364,214<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">The number of common shares outstanding from Afya Brazil was retrospectively adjusted in the proportion of 1:28 due to the contribution of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya Brazil contributed to Afya, which did not result in changes on the arrangements of the plans.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberAndAverageNumberOfEmployeesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberAndAverageNumberOfEmployeesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfOutstandingShareOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options outstanding in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_vi&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfOutstandingShareOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options exercised in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_iv&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options expired in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_v&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options forfeited in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_iii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options granted in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average exercise price of share options exercised in a share-based payment arrangement. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_iv&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average exercise price of share options forfeited in a share-based payment arrangement. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_iii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average exercise price of share options granted in a share-based payment arrangement. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average exercise price of share options outstanding in a share-based payment arrangement. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_vi&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageSharesAndAdjustedWeightedAverageSharesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageSharesAndAdjustedWeightedAverageSharesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis=afya_StockOptionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentAxis=afya_StockOptionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587946088">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>15 Labor and social obligations (Details 3)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="2"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="5">1 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Mar. 29, 2019 </div>
<div>Number</div>
</th>
<th class="th"><sup>[1]</sup></th>
<th class="th">
<div>Feb. 07, 2019 </div>
<div>Number</div>
</th>
<th class="th">
<div>May 15, 2018 </div>
<div>Number</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Nov. 30, 2020 </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Aug. 31, 2020 </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Sep. 30, 2019 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Nov. 30, 2020 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Sep. 30, 2019 </div>
<div>BRL (R$)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsAbstract', window );"><strong>Labor And Social Obligations</strong></a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_StrikePriceeAtMeasurementDateShareOptionsGranted', window );">Strike price at the measurement date | R$</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 97<span></span>
</td>
<td class="nump">R$ 126<span></span>
</td>
<td class="nump">R$ 19<span></span>
</td>
<td class="nump">R$ 19<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted', window );">Dividend yield (%)</a></td>
<td colspan="2" class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted', window );">Expected volatility (%)</a></td>
<td colspan="2" class="nump">43.70%<span></span>
</td>
<td class="nump">45.50%<span></span>
</td>
<td class="nump">49.50%<span></span>
</td>
<td class="nump">69.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">39.70%<span></span>
</td>
<td class="nump">38.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted', window );">Risk-free interest rate (%)</a></td>
<td colspan="2" class="nump">7.20%<span></span>
</td>
<td class="nump">7.60%<span></span>
</td>
<td class="nump">7.70%<span></span>
</td>
<td class="nump">0.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.80%<span></span>
</td>
<td class="nump">1.40%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted', window );">Expected life of stock options (years) | Number</a></td>
<td colspan="2" class="nump">4.0<span></span>
</td>
<td class="nump">4.0<span></span>
</td>
<td class="nump">4.0<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="nump">5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted', window );">Share price at the measurement date</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 119.78<span></span>
</td>
<td class="nump">$ 145.15<span></span>
</td>
<td class="nump">$ 136<span></span>
</td>
<td class="nump">$ 16.30<span></span>
</td>
<td class="nump">$ 21.90<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted', window );">Model used</a></td>
<td colspan="2" class="text">Black & Scholes<span></span>
</td>
<td class="text">Monte Carlo<span></span>
</td>
<td class="text">Monte Carlo<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne', window );">Weighted average fair value at the measurement date</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 40.38<span></span>
</td>
<td class="nump">$ 56.43<span></span>
</td>
<td class="nump">$ 67.12<span></span>
</td>
<td class="nump">$ 3.94<span></span>
</td>
<td class="nump">$ 6.55<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="14"></td></tr>
<tr><td colspan="14"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">After the corporate reorganization described in Note 1, the options originally granted under the Guardayas plan granted on August 10, 2018 were remeasured at fair value and included in Afya Brazils plan with no changes to the previous terms and conditions other than the shares subject to such options granted and, consequently, the number of stock and exercise price of the shares as per the share exchange ratio applied on the corporate reorganization</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LaborAndSocialObligationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LaborAndSocialObligationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about share price fair value at measurement date share options granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_StrikePriceeAtMeasurementDateShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The strike price of share options granted during the period at the measurement date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_StrikePriceeAtMeasurementDateShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about weighted average fair value at measurement date share options granted one.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The expected volatility of the share price used to calculate the fair value of the share options granted. Expected volatility is a measure of the amount by which a price is expected to fluctuate during a period. The measure of volatility used in option pricing models is the annualised standard deviation of the continuously compounded rates of return on the share over a period of time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The option life of share options granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfOptionLifeShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the option pricing model used for share options granted. [Refer: Option pricing model [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The implied yield currently available on zero-coupon government issues of the country in whose currency the exercise price for share options granted is expressed, with a remaining term equal to the expected term of the option being valued (based on the option's remaining contractual life and taking into account the effects of expected early exercise). [Refer: Government [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of an expected dividend used to calculate the fair value of share options granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550576000120">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>15 Labor and social obligations (Details 4)<br> R$ / shares in Units, R$ in Thousands</strong></div></th>
<th class="th" colspan="2"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="5">1 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Mar. 29, 2019 </div>
<div>Number</div>
</th>
<th class="th"><sup>[1]</sup></th>
<th class="th">
<div>Feb. 07, 2019 </div>
<div>Number</div>
</th>
<th class="th">
<div>May 15, 2018 </div>
<div>Number</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Nov. 30, 2020 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Aug. 31, 2020 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Sep. 30, 2019 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>BRL (R$) </div>
<div>R$ / shares</div>
</th>
<th class="th">
<div>Nov. 30, 2020 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Aug. 31, 2020 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Sep. 30, 2019 </div>
<div>BRL (R$)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_StrikePriceeAtMeasurementDateShareOptionsGranted', window );">Strike price at the measurement date | R$</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 97<span></span>
</td>
<td class="nump">R$ 126<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 19<span></span>
</td>
<td class="nump">R$ 19<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted', window );">Dividend yield (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted', window );">Expected volatility (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="nump">43.70%<span></span>
</td>
<td class="nump">45.50%<span></span>
</td>
<td class="nump">49.50%<span></span>
</td>
<td class="nump">69.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">39.70%<span></span>
</td>
<td class="nump">38.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted', window );">Risk-free interest rate (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="nump">7.20%<span></span>
</td>
<td class="nump">7.60%<span></span>
</td>
<td class="nump">7.70%<span></span>
</td>
<td class="nump">0.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.80%<span></span>
</td>
<td class="nump">1.40%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted', window );">Expected life of stock options (years)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="nump">4.0<span></span>
</td>
<td class="nump">4.0<span></span>
</td>
<td class="nump">4.0<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="nump">5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted', window );">Share price at the measurement date | $ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 119.78<span></span>
</td>
<td class="nump">$ 145.15<span></span>
</td>
<td class="nump">$ 136<span></span>
</td>
<td class="nump">$ 16.30<span></span>
</td>
<td class="nump">$ 21.90<span></span>
</td>
<td class="nump">$ 119.78<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted', window );">Model used</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">Black & Scholes<span></span>
</td>
<td class="text">Monte Carlo<span></span>
</td>
<td class="text">Monte Carlo<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne', window );">Weighted average fair value at the measurement date | $ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 40.38<span></span>
</td>
<td class="nump">$ 56.43<span></span>
</td>
<td class="nump">$ 67.12<span></span>
</td>
<td class="nump">$ 3.94<span></span>
</td>
<td class="nump">$ 6.55<span></span>
</td>
<td class="nump">$ 40.38<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_StrikePriceeAtMeasurementDateShareOptionsGranted', window );">Strike price at the measurement date | R$</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 74<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted', window );">Expected volatility (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">40.00%<span></span>
</td>
<td class="nump">41.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted', window );">Risk-free interest rate (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.20%<span></span>
</td>
<td class="nump">2.20%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted', window );">Expected life of stock options (years)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_StrikePriceeAtMeasurementDateShareOptionsGranted', window );">Strike price at the measurement date | R$</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 122<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted', window );">Expected volatility (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">69.00%<span></span>
</td>
<td class="nump">75.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted', window );">Risk-free interest rate (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6.90%<span></span>
</td>
<td class="nump">6.10%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted', window );">Expected life of stock options (years)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5<span></span>
</td>
<td class="nump">5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=afya_ModifiedPlanMember', window );">Modified plan [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_StrikePriceeAtMeasurementDateShareOptionsGranted', window );">Strike price at the measurement date | R$</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 74<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted', window );">Dividend yield (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted', window );">Share price at the measurement date | R$ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 133.68<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted', window );">Model used</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne', window );">Weighted average fair value at the measurement date | R$ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 69.54<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=afya_ModifiedPlanMember', window );">Modified plan [member] | Bottom of range [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted', window );">Expected volatility (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">41.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted', window );">Risk-free interest rate (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted', window );">Expected life of stock options (years)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=afya_ModifiedPlanMember', window );">Modified plan [member] | Top of range [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted', window );">Expected volatility (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">76.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted', window );">Risk-free interest rate (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted', window );">Expected life of stock options (years)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=afya_OriginalPlanMember', window );">Original plan [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_StrikePriceeAtMeasurementDateShareOptionsGranted', window );">Strike price at the measurement date | R$</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 99<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted', window );">Dividend yield (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted', window );">Share price at the measurement date | R$ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 133.68<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted', window );">Model used</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne', window );">Weighted average fair value at the measurement date | R$ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 57.12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=afya_OriginalPlanMember', window );">Original plan [member] | Bottom of range [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted', window );">Expected volatility (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">42.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted', window );">Risk-free interest rate (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.20%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted', window );">Expected life of stock options (years)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=afya_OriginalPlanMember', window );">Original plan [member] | Top of range [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted', window );">Expected volatility (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">76.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted', window );">Risk-free interest rate (%)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.40%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted', window );">Expected life of stock options (years)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="16"></td></tr>
<tr><td colspan="16"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">After the corporate reorganization described in Note 1, the options originally granted under the Guardayas plan granted on August 10, 2018 were remeasured at fair value and included in Afya Brazils plan with no changes to the previous terms and conditions other than the shares subject to such options granted and, consequently, the number of stock and exercise price of the shares as per the share exchange ratio applied on the corporate reorganization</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">The strike price of the original plan was based in U.S. dollars.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LaborAndSocialObligationsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The line represents concepts include in a table. These concepts are used to discloure reportable information associated with domain member defined in one or more axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LaborAndSocialObligationsLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about share price fair value at measurement date share options granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_StrikePriceeAtMeasurementDateShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The strike price of share options granted during the period at the measurement date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_StrikePriceeAtMeasurementDateShareOptionsGranted</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about weighted average fair value at measurement date share options granted one.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The expected volatility of the share price used to calculate the fair value of the share options granted. Expected volatility is a measure of the amount by which a price is expected to fluctuate during a period. The measure of volatility used in option pricing models is the annualised standard deviation of the continuously compounded rates of return on the share over a period of time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The option life of share options granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfOptionLifeShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the option pricing model used for share options granted. [Refer: Option pricing model [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The implied yield currently available on zero-coupon government issues of the country in whose currency the exercise price for share options granted is expressed, with a remaining term equal to the expected term of the option being valued (based on the option's remaining contractual life and taking into account the effects of expected early exercise). [Refer: Government [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of an expected dividend used to calculate the fair value of share options granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=afya_ModifiedPlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=afya_ModifiedPlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=afya_OriginalPlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=afya_OriginalPlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>143
<FILENAME>R104.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550575915336">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>15 Labor and social obligations (Details 5)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="2"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="5">1 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Mar. 29, 2019 </div>
<div>Number</div>
</th>
<th class="th"><sup>[1]</sup></th>
<th class="th">
<div>Feb. 07, 2019 </div>
<div>Number</div>
</th>
<th class="th">
<div>May 15, 2018 </div>
<div>Number</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Nov. 30, 2020 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Aug. 31, 2020 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Sep. 30, 2019 </div>
<div>Number </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Nov. 30, 2020 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Aug. 31, 2020 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Sep. 30, 2019 </div>
<div>BRL (R$)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_StrikePriceeAtMeasurementDateShareOptionsGranted', window );">Strike price at the measurement date | R$</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 97<span></span>
</td>
<td class="nump">R$ 126<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 19<span></span>
</td>
<td class="nump">R$ 19<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted', window );">Dividend yield (%)</a></td>
<td colspan="2" class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted', window );">Expected volatility (%)</a></td>
<td colspan="2" class="nump">43.70%<span></span>
</td>
<td class="nump">45.50%<span></span>
</td>
<td class="nump">49.50%<span></span>
</td>
<td class="nump">69.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">39.70%<span></span>
</td>
<td class="nump">38.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted', window );">Risk-free interest rate (%)</a></td>
<td colspan="2" class="nump">7.20%<span></span>
</td>
<td class="nump">7.60%<span></span>
</td>
<td class="nump">7.70%<span></span>
</td>
<td class="nump">0.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.80%<span></span>
</td>
<td class="nump">1.40%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted', window );">Expected life of stock options (years) | Number</a></td>
<td colspan="2" class="nump">4.0<span></span>
</td>
<td class="nump">4.0<span></span>
</td>
<td class="nump">4.0<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="nump">5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted', window );">Share price at the measurement date | $ / shares</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 119.78<span></span>
</td>
<td class="nump">$ 145.15<span></span>
</td>
<td class="nump">$ 136<span></span>
</td>
<td class="nump">$ 16.30<span></span>
</td>
<td class="nump">$ 21.90<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted', window );">Model used</a></td>
<td colspan="2" class="text">Black & Scholes<span></span>
</td>
<td class="text">Monte Carlo<span></span>
</td>
<td class="text">Monte Carlo<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne', window );">Weighted average fair value at the measurement date | $ / shares</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 40.38<span></span>
</td>
<td class="nump">$ 56.43<span></span>
</td>
<td class="nump">$ 67.12<span></span>
</td>
<td class="nump">$ 3.94<span></span>
</td>
<td class="nump">$ 6.55<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [member]</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_StrikePriceeAtMeasurementDateShareOptionsGranted', window );">Strike price at the measurement date | R$</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 74<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted', window );">Expected volatility (%)</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">40.00%<span></span>
</td>
<td class="nump">41.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted', window );">Risk-free interest rate (%)</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.20%<span></span>
</td>
<td class="nump">2.20%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted', window );">Expected life of stock options (years) | Number</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [member]</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_StrikePriceeAtMeasurementDateShareOptionsGranted', window );">Strike price at the measurement date | R$</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 122<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted', window );">Expected volatility (%)</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">69.00%<span></span>
</td>
<td class="nump">75.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted', window );">Risk-free interest rate (%)</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6.90%<span></span>
</td>
<td class="nump">6.10%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted', window );">Expected life of stock options (years) | Number</a></td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5<span></span>
</td>
<td class="nump">5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="15"></td></tr>
<tr><td colspan="15"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">After the corporate reorganization described in Note 1, the options originally granted under the Guardayas plan granted on August 10, 2018 were remeasured at fair value and included in Afya Brazils plan with no changes to the previous terms and conditions other than the shares subject to such options granted and, consequently, the number of stock and exercise price of the shares as per the share exchange ratio applied on the corporate reorganization</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LaborAndSocialObligationsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The line represents concepts include in a table. These concepts are used to discloure reportable information associated with domain member defined in one or more axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LaborAndSocialObligationsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about share price fair value at measurement date share options granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_SharePriceFairValueAtMeasurementDateShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_StrikePriceeAtMeasurementDateShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The strike price of share options granted during the period at the measurement date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_StrikePriceeAtMeasurementDateShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about weighted average fair value at measurement date share options granted one.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_WeightedAverageFairValueAtMeasurementDateShareOptionsGrantedOne</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The expected volatility of the share price used to calculate the fair value of the share options granted. Expected volatility is a measure of the amount by which a price is expected to fluctuate during a period. The measure of volatility used in option pricing models is the annualised standard deviation of the continuously compounded rates of return on the share over a period of time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The option life of share options granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfOptionLifeShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the option pricing model used for share options granted. [Refer: Option pricing model [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The implied yield currently available on zero-coupon government issues of the country in whose currency the exercise price for share options granted is expressed, with a remaining term equal to the expected term of the option being valued (based on the option's remaining contractual life and taking into account the effects of expected early exercise). [Refer: Government [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of an expected dividend used to calculate the fair value of share options granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>144
<FILENAME>R105.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550577983160">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>15 Labor and social obligations (Details Narrative)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="7">1 Months Ended</th>
<th class="th" colspan="4">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Dec. 16, 2020 </div>
<div>BRL (R$) </div>
<div>Number</div>
</th>
<th class="th">
<div>Nov. 26, 2020 </div>
<div>BRL (R$) </div>
<div>Number</div>
</th>
<th class="th">
<div>Aug. 17, 2020 </div>
<div>BRL (R$) </div>
<div>Number</div>
</th>
<th class="th">
<div>Jul. 29, 2020 </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Mar. 19, 2020 </div>
<div>BRL (R$) </div>
<div>Number</div>
</th>
<th class="th">
<div>Sep. 25, 2019 </div>
<div>Number</div>
</th>
<th class="th">
<div>Sep. 02, 2019 </div>
<div>Number</div>
</th>
<th class="th">
<div>Mar. 29, 2019 </div>
<div>$ / shares</div>
</th>
<th class="th"><sup>[2]</sup></th>
<th class="th">
<div>Feb. 07, 2019 </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>May 15, 2018 </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>shares</div>
</th>
<th class="th"><div>Nov. 30, 2020</div></th>
<th class="th"><div>Aug. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th">
<div>Sep. 30, 2019 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th"><div>Feb. 28, 2019</div></th>
<th class="th"><div>Jun. 30, 2018</div></th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>$ / shares </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2019 </div>
<div>BRL (R$) </div>
<div>Number </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2018 </div>
<div>BRL (R$) </div>
<div>Number </div>
<div>shares</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ShareBasedCompensationOfEmployees', window );">Compensation of employees</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 9,514<span></span>
</td>
<td class="nump">R$ 6,871<span></span>
</td>
<td class="nump">R$ 1,945<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issued (in share) | shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">93,146,731<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">93,146,731<span></span>
</td>
<td class="nump">93,146,731<span></span>
</td>
<td class="nump">89,744,275<span></span>
</td>
<td class="nump">1,443,541<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement', window );">Number of stock option granted | Number</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">293,860<span></span>
</td>
<td class="nump">1,434,720<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted', window );">Stock options granted %</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019', window );">Average per option | $ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="nump">$ 213.35<span></span>
</td>
<td class="nump">$ 368.41<span></span>
</td>
<td class="nump">$ 254.13<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted', window );">Model used</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">Black & Scholes<span></span>
</td>
<td class="text">Monte Carlo<span></span>
</td>
<td class="text">Monte Carlo<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=afya_ShareBasedCompensationPlansMember', window );">Share based compensation plans [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement', window );">Description of vesting period</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Vesting periods after the grant date: 10% after 90 days, 15% after 15 months, 25% after 27 months, 25% after 39 months and 25% after 51 months.<span></span>
</td>
<td class="text">Vesting periods after the grant date: 10% after 90 days, 15% after 12 months, 25% after 24 months, 25% after 36 months and 25% after 48 months.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Vest in five installments of 20% per year, starting on May 1.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees', window );">Share-based compensation expense</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 32,610<span></span>
</td>
<td class="nump">R$ 11,040<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement', window );">Number of stock option granted | Number</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,220<span></span>
</td>
<td class="nump">115,000<span></span>
</td>
<td class="nump">127,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">230,000<span></span>
</td>
<td class="nump">58,000<span></span>
</td>
<td class="nump">2,306,213<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ExercisePrice', window );">Exercise price</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">R$ 97<span></span>
</td>
<td class="nump">R$ 126<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 19<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AnnualInstallment', window );">Annual installments | Number</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1<span></span>
</td>
<td class="nump">5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted', window );">Stock options granted %</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">25.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019', window );">Average per option | $ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 11.53<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted', window );">Model used</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Binomial pricing model<span></span>
</td>
<td class="text">Binomial pricing model<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=afya_ShareBasedCompensationPlansMember', window );">Share based compensation plans [member] | IPO [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees', window );">Share-based compensation expense</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 7,074<span></span>
</td>
<td class="nump">R$ 2,161<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=afya_ShareBasedCompensationPlansMember', window );">Share based compensation plans [member] | IPO [member] | Class A common shares [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issued (in share) | shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,842,428<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssuingShares', window );">Proceeds from issaunce of shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 17,627<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=afya_ShareBasedCompensationPlansMember', window );">Share based compensation plans [member] | Guardaya Stock Options [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement', window );">Description of vesting period</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Vesting periods: 10% after 1 year, 15% after 2 years, 25% after 3 years and 50% after 4 years.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=afya_ShareBasedCompensationPlansMember', window );">Share based compensation plans [member] | Bottom of range [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ExercisePrice', window );">Exercise price</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 74<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AnnualInstallment', window );">Annual installments | Number</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=afya_ShareBasedCompensationPlansMember', window );">Share based compensation plans [member] | Top of range [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ExercisePrice', window );">Exercise price</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 122<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AnnualInstallment', window );">Annual installments | Number</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=afya_ModifiedPlanMember', window );">Modified plan [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_LaborAndSocialObligationsLineItems', window );"><strong>LaborAndSocialObligationsLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted', window );">Stock options granted %</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019', window );">Average per option | $ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 15.94<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted', window );">Model used</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Binomial<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="23"></td></tr>
<tr><td colspan="23"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">The number of common shares outstanding from Afya Brazil was retrospectively adjusted in the proportion of 1:28 due to the contribution of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya Brazil contributed to Afya, which did not result in changes on the arrangements of the plans.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">After the corporate reorganization described in Note 1, the options originally granted under the Guardayas plan granted on August 10, 2018 were remeasured at fair value and included in Afya Brazils plan with no changes to the previous terms and conditions other than the shares subject to such options granted and, consequently, the number of stock and exercise price of the shares as per the share exchange ratio applied on the corporate reorganization</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AnnualInstallment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of annual installment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AnnualInstallment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of exercise price.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_LaborAndSocialObligationsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The line represents concepts include in a table. These concepts are used to discloure reportable information associated with domain member defined in one or more axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_LaborAndSocialObligationsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ShareBasedCompensationOfEmployees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of share based compensation for employees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ShareBasedCompensationOfEmployees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the option pricing model used for share options granted. [Refer: Option pricing model [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfOptionPricingModelShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the vesting requirements for a type of share-based payment arrangement that existed at any time during the period. An entity with substantially similar types of share-based payment arrangements may aggregate this information. [Refer: Share-based payment arrangements [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of an expected dividend used to calculate the fair value of share options granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense from share-based payment transactions with employees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options granted in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_b_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares issued by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromIssuingShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from issuing shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromIssuingShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average share price used as input to the option pricing model to calculate the fair value of share options granted. [Refer: Option pricing model [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=afya_ShareBasedCompensationPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=afya_ShareBasedCompensationPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_SubsidiarySaleOfStocksAxis=afya_InitiaPublicOfferingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_SubsidiarySaleOfStocksAxis=afya_InitiaPublicOfferingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfEquityAxis=afya_ClassACommonSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfEquityAxis=afya_ClassACommonSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=afya_GuardayaStockOptionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=afya_GuardayaStockOptionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=afya_ModifiedPlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=afya_ModifiedPlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>145
<FILENAME>R106.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550575247368">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>16 Equity (Details Narrative)<br> R$ / shares in Units, R$ in Thousands</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Jan. 31, 2021 </div>
<div>R$ / shares </div>
<div>shares</div>
</th>
<th class="th">
<div>Jun. 18, 2019 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th">
<div>Mar. 29, 2019 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th">
<div>Mar. 12, 2019 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Mar. 08, 2019 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Dec. 04, 2018 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th">
<div>Aug. 31, 2018 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th">
<div>Apr. 26, 2018 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th">
<div>Jun. 30, 2019 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 23, 2020 </div>
<div>shares</div>
</th>
<th class="th">
<div>Jul. 20, 2020 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Dec. 31, 2019 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
<th class="th">
<div>Jul. 23, 2019 </div>
<div>shares</div>
</th>
<th class="th">
<div>Jun. 13, 2019 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Mar. 12, 2019 </div>
<div>$ / shares </div>
<div>shares</div>
</th>
<th class="th">
<div>Mar. 08, 2019 </div>
<div>$ / shares </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2018 </div>
<div>BRL (R$) </div>
<div>shares</div>
</th>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssuedCapital', window );">Share capital</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 17<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 17<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 315,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Total number of shares | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">93,146,731<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">89,744,275<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,443,541<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalPaidinCapital', window );">Additional paid-in capital</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 2,323,488<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 17,531<span></span>
</td>
<td class="nump">R$ 1,931,047<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CapitalIncreaseWithEarningsReserves', window );">Capital increase with earnings reserves</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 80,541<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears', window );">Renounce of dividends for prior years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 4,107<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CancellationOfDividend', window );">Cancellation of dividend</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 4,107<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendPayables', window );">Dividend payables</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,984<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 38,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_UniaoEducacionalDoPlanaltoCentralSAUEPCMember', window );">Uniao educacional do planalto central s.a. ("UEPC") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Proceeds from issue of ordinary shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 36,358<span></span>
</td>
<td class="nump">R$ 137,051<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_CentroDeCienciasEmSaudeDeItajubaSAMember', window );">Centro De Ciencias Em Saude De Itajuba S.A. ("CCSI") [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendPayables', window );">Dividend payables</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,592<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_IESVAPMember', window );">IESVAP [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendPayables', window );">Dividend payables</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 8,392<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassAOrdinarySharesMember', window );">Class A Ordinary Shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Total number of shares | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">45,112,416<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">31,814,690<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Proceeds from issue of ordinary shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 3,260,480<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalPaidinCapital', window );">Additional paid-in capital</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 141,976<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RepurchaseOfOrdinaryShares', window );">Repurchase of ordinary shares | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,015,844<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassAOrdinarySharesMember', window );">Class A Ordinary Shares [Member] | Events After Reporting Periods [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RepurchaseOfOrdinaryShares', window );">Repurchase of ordinary shares | shares</a></td>
<td class="nump">521,117<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageSharePrice2019', window );">Weighted average price | R$ / shares</a></td>
<td class="nump">R$ 124.15<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassAOrdinarySharesMember', window );">Class A Ordinary Shares [Member] | Events After Reporting Periods [Member] | USD</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageSharePrice2019', window );">Weighted average price | R$ / shares</a></td>
<td class="nump">R$ 22.51<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember', window );">Ordinary Shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Total number of shares | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">137,298<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">124,994<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,411,895<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Proceeds from issue of ordinary shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 99,999<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 55,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember', window );">Ordinary Shares [Member] | Nicolau Carvalho Esteves [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RepurchaseOfOrdinaryShares', window );">Repurchase of ordinary shares | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">160,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AcquisitionPrice', window );">Acquisition price | $ / shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 206.25<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AcquisitionsHeldByShareholders', window );">Acquisitions held by shareholders</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 33,001<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember', window );">Ordinary Shares [Member] | Uniao educacional do planalto central s.a. ("UEPC") [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Proceeds from issue of ordinary shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 24,458<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates', window );">Number of shares in entity held by entity or by its subsidiaries or associates | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">27,211<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember', window );">Ordinary Shares [Member] | BR Health Participacoes S.A. ("BR Health") And Guardaya Empreendimentos and Participacoes S.A. ("Guardaya") [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Proceeds from issue of ordinary shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 122,062<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates', window );">Number of shares in entity held by entity or by its subsidiaries or associates | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">378,696<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember', window );">Ordinary Shares [Member] | BR Health Participacoes S.A. ("BR Health") [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Proceeds from issue of ordinary shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 150,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates', window );">Number of shares in entity held by entity or by its subsidiaries or associates | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">156,337<span></span>
</td>
<td class="nump">37,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Par value per share | $ / shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember', window );">Ordinary Shares [Member] | FASA, IESP And Univaco [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Proceeds from issue of ordinary shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 24,310<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates', window );">Number of shares in entity held by entity or by its subsidiaries or associates | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">157,202<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassBPreferenceSharesMember', window );">Class B Preferred Shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Total number of shares | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,123<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,123<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DescriptionOfRatioOfConvertibleShares', window );">Description of ratio of convertible shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Class B preferred shares were convertible into common shares at the ratio of 1 Class B preferred share for 1 common share, in certain situations.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfPreferenceShares', window );">Proceeds from issue of preference shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 1,304<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassAPreferenceSharesMember', window );">Class A Preferred Shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Total number of shares | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">26,523<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">26,523<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DescriptionOfRatioOfConvertibleShares', window );">Description of ratio of convertible shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Convertible into common shares at the ratio of 1 preferred share for 17.7 common shares in the situations described in the Shareholders Agreement.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfPreferenceShares', window );">Proceeds from issue of preference shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 11,670<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassBOrdinarySharesMember', window );">Class B Ordinary Shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Total number of shares | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">48,034,315<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">57,929,585<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassACommonSharesMember', window );">Class A common shares [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Total number of shares | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13,888,887<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AcquisitionPrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It is represent the acquisition price.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AcquisitionPrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AcquisitionsHeldByShareholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount refers to the acquisitions held by shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AcquisitionsHeldByShareholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CancellationOfDividend">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to cancellation of dividend</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CancellationOfDividend</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CapitalIncreaseWithEarningsReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount refers to the capital increase with earning reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CapitalIncreaseWithEarningsReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DescriptionOfRatioOfConvertibleShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information by description of ratio of convertible shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DescriptionOfRatioOfConvertibleShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RepurchaseOfOrdinaryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about repurchase of ordinary shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RepurchaseOfOrdinaryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionalPaidinCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount received or receivable from the issuance of the entity's shares in excess of nominal value and amounts received from other transactions involving the entity's stock or stockholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionalPaidinCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends that the company has declared but not yet paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends relating to prior years, recognised as distributions to owners of the parent. [Refer: Parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssuedCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value of capital issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssuedCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares issued by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ParValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_79_a_iii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ParValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the issuing of ordinary shares. [Refer: Ordinary shares [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromIssueOfOrdinaryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromIssueOfPreferenceShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the issuing of preference shares. [Refer: Preference shares [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromIssueOfPreferenceShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares in the entity held by the entity or by its subsidiaries or associates. [Refer: Associates [member]; Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_79_a_vi&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageSharePrice2019">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average share price. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2020-01-01<br> -Paragraph 45<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=2&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_45_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageSharePrice2019</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_UniaoEducacionalDoPlanaltoCentralSAUEPCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_UniaoEducacionalDoPlanaltoCentralSAUEPCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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<td><strong> Data Type:</strong></td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassAOrdinarySharesMember">
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<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=afya_ClassAOrdinarySharesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td></td>
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<td><strong> Period Type:</strong></td>
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<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=afya_ClassBPreferenceSharesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=afya_ClassAPreferenceSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=afya_ClassBOrdinarySharesMember">
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<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=afya_ClassBOrdinarySharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<td></td>
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<td><strong> Balance Type:</strong></td>
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</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>146
<FILENAME>R107.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550588461368">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>17 Earnings per share (EPS) (Details) - BRL (R$)<br> R$ / shares in Units, R$ in Thousands</strong></div></th>
<th class="th" colspan="4">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><sup>[1]</sup></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NumeratorAbstract', window );"><strong>Numerator</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends', window );">Net income attributable to equity holders of the parent</a></td>
<td class="nump">R$ 292,075<span></span>
</td>
<td class="nump">R$ 153,916<span></span>
</td>
<td colspan="2" class="nump">R$ 86,353<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DenominatorAbstract', window );"><strong>Denominator</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageShares', window );">Weighted average number of outstanding shares</a></td>
<td class="nump">92,683,848<span></span>
</td>
<td class="nump">75,969,797<span></span>
</td>
<td colspan="2" class="nump">46,936,064<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares', window );">Effects of dilution from stock options</a></td>
<td class="nump">951,920<span></span>
</td>
<td class="nump">221,846<span></span>
</td>
<td colspan="2" class="nump">840,700<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustedWeightedAverageShares', window );">Weighted average number of outstanding shares adjusted for the effect of dilution</a></td>
<td class="nump">93,635,768<span></span>
</td>
<td class="nump">76,191,643<span></span>
</td>
<td colspan="2" class="nump">47,776,764<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Basic earnings per share (R$)</a></td>
<td class="nump">R$ 3.15<span></span>
</td>
<td class="nump">R$ 2.03<span></span>
</td>
<td colspan="2" class="nump">R$ 1.84<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Diluted earnings per share (R$)</a></td>
<td class="nump">R$ 3.12<span></span>
</td>
<td class="nump">R$ 2.02<span></span>
</td>
<td colspan="2" class="nump">R$ 1.81<span></span>
</td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Considers the effects from the contribution of the shareholders of Afya Brazil into Afya in a one-to-28 exchange for the shares of Afya Brazil contributed to Afya.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DenominatorAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NumeratorAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustedWeightedAverageShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average number of ordinary shares outstanding plus the weighted average number of ordinary shares that would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2020-01-01<br> -Paragraph 70<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_70_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustedWeightedAverageShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustment to profit (loss) for preference share dividends to calculate profit (loss) attributable to ordinary equity holders of the parent entity. [Refer: Preference shares [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2020-01-01<br> -Section Example 12 Calculation and presentation of basic and diluted earnings per share (comprehensive example)<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2020-en-r&amp;doctype=Illustrative%20Examples&amp;dita_xref=IAS33_ex12_TI<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2020-01-01<br> -Paragraph 70<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_70_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2020-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2020-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of dilutive potential ordinary shares that relate to the assumed exercise of the entity's share options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2020-01-01<br> -Paragraph 70<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_70_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2020-01-01<br> -Paragraph 70<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_70_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
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<html>
<head>
<title></title>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550575990552">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>18 Revenue (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueAbstract', window );"><strong>Revenue [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfessionalFeesExpense', window );">Tuition fees</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">R$ 1,388,735<span></span>
</td>
<td class="nump">R$ 856,561<span></span>
</td>
<td class="nump">R$ 385,784<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">99,817<span></span>
</td>
<td class="nump">43,116<span></span>
</td>
<td class="nump">4,414<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DeductionAbstract', window );"><strong>Deductions</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DeductionOfGrantedDiscounts', window );">Granted discounts</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(89,017)<span></span>
</td>
<td class="num">(43,767)<span></span>
</td>
<td class="num">(11,104)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DeductionOfEarlyPaymentDiscounts', window );">Early payment discounts</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(29,299)<span></span>
</td>
<td class="num">(8,523)<span></span>
</td>
<td class="num">(3,189)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DeductionOfReturnsOfNetRevenue', window );">Returns</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(11,437)<span></span>
</td>
<td class="num">(7,462)<span></span>
</td>
<td class="num">(1,801)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DeductionOfTaxes', window );">Taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(49,629)<span></span>
</td>
<td class="num">(28,157)<span></span>
</td>
<td class="num">(24,239)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DeductionOfProuni', window );">PROUNI</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(107,979)<span></span>
</td>
<td class="num">(61,138)<span></span>
</td>
<td class="num">(15,930)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueFromContractsWithCustomers', window );">Net revenue from contracts with customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,201,191<span></span>
</td>
<td class="nump">750,630<span></span>
</td>
<td class="nump">333,935<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TimingOfRevenueRecognitionOfNetRevenueFromContractsWithCustomers', window );"><strong>Timing of revenue recognition of net revenue from contracts with customers</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FeeAndCommissionIncome', window );">Tuition, digital content and app subscription fees - Transferred over time</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,128,558<span></span>
</td>
<td class="nump">713,827<span></span>
</td>
<td class="nump">331,045<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetRevenueOtherTransferredPoint', window );">Other - Transferred at a point in time</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">R$ 72,633<span></span>
</td>
<td class="nump">R$ 36,803<span></span>
</td>
<td class="nump">R$ 2,890<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">As mentioned in Note 1, the Company assessed, in connection with the social distancing requirements, whether it has satisfied all performance obligations of its contracts with customers, according to IFRS15, and concluded it was necessary to defer a portion of it's net revenues in the second semester of 2020. As result, R$2,361 of net revenue were deferred to the first semester of 2021 and recorded in advances from customers.</td>
</tr></table></td></tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DeductionAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DeductionAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DeductionOfEarlyPaymentDiscounts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to deduction of early payment discounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DeductionOfEarlyPaymentDiscounts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DeductionOfGrantedDiscounts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to deduction of granted discounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DeductionOfGrantedDiscounts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DeductionOfProuni">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to deduction of prouni.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DeductionOfProuni</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DeductionOfReturnsOfNetRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to deduction of returns of net revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DeductionOfReturnsOfNetRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DeductionOfTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to deduction of taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DeductionOfTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NetRevenueOtherTransferredPoint">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to net revenue other transferred point.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NetRevenueOtherTransferredPoint</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TimingOfRevenueRecognitionOfNetRevenueFromContractsWithCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information about timing of revenue recognition of net revenue from contracts with customers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TimingOfRevenueRecognitionOfNetRevenueFromContractsWithCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FeeAndCommissionIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income relating to fees and commissions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FeeAndCommissionIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue arising from sources that the entity does not separately disclose in the same statement or note. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfessionalFeesExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable for professional services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfessionalFeesExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueFromContractsWithCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue from contracts with customers. A customer is a party that has contracted with an entity to obtain goods or services that are an output of the entity&#8217;s ordinary activities in exchange for consideration.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 15<br> -IssueDate 2020-01-01<br> -Paragraph 113<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=15&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_113_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 15<br> -IssueDate 2020-01-01<br> -Paragraph 114<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=15&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_114&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueFromContractsWithCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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</html>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
<title></title>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550598611320">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>18 Revenue (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RevenueLineItems', window );"><strong>RevenueLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsToSuppliersForGoodsAndServices', window );">Types of services or goods</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">R$ 1,201,191<span></span>
</td>
<td class="nump">R$ 750,630<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfessionalFeesExpense', window );">Tuition fees</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">1,388,735<span></span>
</td>
<td class="nump">856,561<span></span>
</td>
<td class="nump">R$ 385,784<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">99,817<span></span>
</td>
<td class="nump">43,116<span></span>
</td>
<td class="nump">4,414<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TimingRevenueRecognition', window );">Timing of revenue recognition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,201,191<span></span>
</td>
<td class="nump">750,630<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FeeAndCommissionIncome', window );">Transferred over time</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,128,558<span></span>
</td>
<td class="nump">713,827<span></span>
</td>
<td class="nump">331,045<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetRevenueOtherTransferredPoint', window );">Transferred at a point in time</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">72,633<span></span>
</td>
<td class="nump">36,803<span></span>
</td>
<td class="nump">R$ 2,890<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=afya_SegmentOfBusinessOneUnitMember', window );">Business Unit 1 [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RevenueLineItems', window );"><strong>RevenueLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsToSuppliersForGoodsAndServices', window );">Types of services or goods</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,002,461<span></span>
</td>
<td class="nump">653,760<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfessionalFeesExpense', window );">Tuition fees</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">997,055<span></span>
</td>
<td class="nump">648,957<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,406<span></span>
</td>
<td class="nump">4,803<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TimingRevenueRecognition', window );">Timing of revenue recognition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,002,461<span></span>
</td>
<td class="nump">653,760<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FeeAndCommissionIncome', window );">Transferred over time</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">997,055<span></span>
</td>
<td class="nump">648,957<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetRevenueOtherTransferredPoint', window );">Transferred at a point in time</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,406<span></span>
</td>
<td class="nump">4,803<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=afya_SegmentOfBusinessTwoUnitMember', window );">Business Unit 2 [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RevenueLineItems', window );"><strong>RevenueLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsToSuppliersForGoodsAndServices', window );">Types of services or goods</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">200,349<span></span>
</td>
<td class="nump">100,750<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfessionalFeesExpense', window );">Tuition fees</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">107,197<span></span>
</td>
<td class="nump">60,195<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">93,152<span></span>
</td>
<td class="nump">40,555<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TimingRevenueRecognition', window );">Timing of revenue recognition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">200,349<span></span>
</td>
<td class="nump">100,750<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FeeAndCommissionIncome', window );">Transferred over time</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">131,503<span></span>
</td>
<td class="nump">64,870<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetRevenueOtherTransferredPoint', window );">Transferred at a point in time</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">68,846<span></span>
</td>
<td class="nump">35,880<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ifrs-full_EliminationOfIntersegmentAmountsMember', window );">Elimination Inter-Segment Transactions [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_RevenueLineItems', window );"><strong>RevenueLineItems [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsToSuppliersForGoodsAndServices', window );">Types of services or goods</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,619)<span></span>
</td>
<td class="num">(3,880)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfessionalFeesExpense', window );">Tuition fees</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,619)<span></span>
</td>
<td class="num">(3,880)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TimingRevenueRecognition', window );">Timing of revenue recognition</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,619)<span></span>
</td>
<td class="num">(3,880)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FeeAndCommissionIncome', window );">Transferred over time</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_NetRevenueOtherTransferredPoint', window );">Transferred at a point in time</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">R$ (1,619)<span></span>
</td>
<td class="num">R$ (3,880)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">As mentioned in Note 1, the Company assessed, in connection with the social distancing requirements, whether it has satisfied all performance obligations of its contracts with customers, according to IFRS15, and concluded it was necessary to defer a portion of it's net revenues in the second semester of 2020. As result, R$2,361 of net revenue were deferred to the first semester of 2021 and recorded in advances from customers.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_NetRevenueOtherTransferredPoint">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to net revenue other transferred point.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_NetRevenueOtherTransferredPoint</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_RevenueLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The line represents concepts include in a table. These concepts are used to discloure reportable information associated with domain member defined in one or more axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_RevenueLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TimingRevenueRecognition">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to timing revenue recognition.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TimingRevenueRecognition</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FeeAndCommissionIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income relating to fees and commissions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FeeAndCommissionIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue arising from sources that the entity does not separately disclose in the same statement or note. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsToSuppliersForGoodsAndServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to suppliers for goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2020-01-01<br> -Paragraph 14<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_14_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsToSuppliersForGoodsAndServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfessionalFeesExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable for professional services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfessionalFeesExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=afya_SegmentOfBusinessOneUnitMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=afya_SegmentOfBusinessOneUnitMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=afya_SegmentOfBusinessTwoUnitMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=afya_SegmentOfBusinessTwoUnitMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=ifrs-full_EliminationOfIntersegmentAmountsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=ifrs-full_EliminationOfIntersegmentAmountsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>149
<FILENAME>R110.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587237560">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>19 Expenses and cost by nature (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ExpensesAndCostByNatureAbstract', window );"><strong>Expenses And Cost By Nature</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of services</a></td>
<td class="num">R$ (434,654)<span></span>
</td>
<td class="num">R$ (308,853)<span></span>
</td>
<td class="num">R$ (168,052)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(402,855)<span></span>
</td>
<td class="num">(239,120)<span></span>
</td>
<td class="num">(70,034)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpenseByNature', window );">Total</a></td>
<td class="num">(837,509)<span></span>
</td>
<td class="num">(547,973)<span></span>
</td>
<td class="num">(238,086)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_Payroll', window );">Payroll</a></td>
<td class="num">(446,473)<span></span>
</td>
<td class="num">(324,252)<span></span>
</td>
<td class="num">(156,623)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_HospitalAndMedicalAgreements', window );">Hospital and medical agreements</a></td>
<td class="num">(37,988)<span></span>
</td>
<td class="num">(16,429)<span></span>
</td>
<td class="num">(10,209)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationExpense', window );">Depreciation and amortization</a></td>
<td class="num">(108,744)<span></span>
</td>
<td class="num">(73,152)<span></span>
</td>
<td class="num">(9,078)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_Rent', window );">Rent</a></td>
<td class="num">(2,555)<span></span>
</td>
<td class="num">(4,494)<span></span>
</td>
<td class="num">(20,302)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_CommercialExpenses', window );">Commercial expenses</a></td>
<td class="num">(1,488)<span></span>
</td>
<td class="num">(1,363)<span></span>
</td>
<td class="num">(362)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UtilitiesExpense', window );">Utilities</a></td>
<td class="num">(5,892)<span></span>
</td>
<td class="num">(6,628)<span></span>
</td>
<td class="num">(2,701)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RepairsAndMaintenanceExpense', window );">Maintenance</a></td>
<td class="num">(20,746)<span></span>
</td>
<td class="num">(8,658)<span></span>
</td>
<td class="num">(2,373)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_SharesBasedCompensation', window );">Share-based compensation</a></td>
<td class="num">(32,610)<span></span>
</td>
<td class="num">(18,114)<span></span>
</td>
<td class="num">(2,161)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TaxExpenses', window );">Tax expenses</a></td>
<td class="num">(5,326)<span></span>
</td>
<td class="num">(2,696)<span></span>
</td>
<td class="num">(828)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ServicesExpense', window );">Pedagogical services</a></td>
<td class="num">(24,037)<span></span>
</td>
<td class="num">(6,271)<span></span>
</td>
<td class="num">(4,212)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesAndMarketingExpense', window );">Sales and marketing</a></td>
<td class="num">(16,873)<span></span>
</td>
<td class="num">(11,603)<span></span>
</td>
<td class="num">(3,532)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_AllowanceForDoubtfulAccounts', window );">Allowance for doubtful accounts</a></td>
<td class="num">(32,081)<span></span>
</td>
<td class="num">(15,040)<span></span>
</td>
<td class="num">(7,714)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TravelExpense', window );">Travel expenses</a></td>
<td class="num">(4,550)<span></span>
</td>
<td class="num">(7,054)<span></span>
</td>
<td class="num">(1,816)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ConsultingFees', window );">Consulting fees</a></td>
<td class="num">(31,276)<span></span>
</td>
<td class="num">(13,060)<span></span>
</td>
<td class="num">(7,245)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_Other', window );">Other</a></td>
<td class="num">(66,870)<span></span>
</td>
<td class="num">(39,159)<span></span>
</td>
<td class="num">(8,930)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpenseByNature', window );">Total</a></td>
<td class="num">R$ (837,509)<span></span>
</td>
<td class="num">R$ (547,973)<span></span>
</td>
<td class="num">R$ (238,086)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_AllowanceForDoubtfulAccounts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to allowance for doubtful accounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_AllowanceForDoubtfulAccounts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_CommercialExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to commercial expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_CommercialExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ConsultingFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to consulting fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ConsultingFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ExpensesAndCostByNatureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ExpensesAndCostByNatureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_HospitalAndMedicalAgreements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to hospital and medical agreements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_HospitalAndMedicalAgreements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_Other">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_Other</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_Payroll">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to payroll.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_Payroll</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_Rent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to rent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_Rent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_SharesBasedCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to shares based compensation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_SharesBasedCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TaxExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount refers to tax expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TaxExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs relating to expenses directly or indirectly attributed to the goods or services sold, which may include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, unallocated production overheads and abnormal amounts of production costs of inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation expense. Depreciation is the systematic allocation of depreciable amounts of tangible assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExpenseByNature">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses aggregated according to their nature (for example, depreciation, purchases of materials, transport costs, employee benefits and advertising costs), and not reallocated among functions within the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExpenseByNature</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to general and administrative activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RepairsAndMaintenanceExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses incurred for the day-to-day servicing of assets, which may include the cost of labour, consumables or small parts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RepairsAndMaintenanceExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SalesAndMarketingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to the marketing and selling of goods or services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SalesAndMarketingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ServicesExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense arising from services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ServicesExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TravelExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense arising from travel.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TravelExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UtilitiesExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense arising from purchased utilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UtilitiesExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550582482504">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>20 Finance result (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinanceResultAbstract', window );"><strong>Finance Result</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Income from financial investments</a></td>
<td class="nump">R$ 24,479<span></span>
</td>
<td class="nump">R$ 25,965<span></span>
</td>
<td class="nump">R$ 4,680<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ChangesInFairValueOfDerivativeInstruments', window );">Changes in fair value of derivative instruments</a></td>
<td class="nump">20,739<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">1,219<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueFromInterest', window );">Interest received</a></td>
<td class="nump">11,876<span></span>
</td>
<td class="nump">9,680<span></span>
</td>
<td class="nump">4,364<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetForeignExchangeGain', window );">Foreign exchange differences</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">13,321<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherFinanceIncome', window );">Other</a></td>
<td class="nump">5,196<span></span>
</td>
<td class="nump">2,723<span></span>
</td>
<td class="nump">165<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Finance income</a></td>
<td class="nump">62,290<span></span>
</td>
<td class="nump">51,689<span></span>
</td>
<td class="nump">10,428<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ChangeInFairValueOfDerivativeInstruments', window );">Change in fair value of derivative instruments</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(1,780)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpense', window );">Interest expense</a></td>
<td class="num">(25,543)<span></span>
</td>
<td class="num">(24,002)<span></span>
</td>
<td class="num">(2,404)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpenseOnLeaseLiabilities', window );">Interest expense on lease liabilities</a></td>
<td class="num">(44,458)<span></span>
</td>
<td class="num">(31,469)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinancialDiscountsGrantedExpenses', window );">Financial discounts granted</a></td>
<td class="num">(8,081)<span></span>
</td>
<td class="num">(923)<span></span>
</td>
<td class="num">(1,063)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BankAndSimilarCharges', window );">Bank fees</a></td>
<td class="num">(6,333)<span></span>
</td>
<td class="num">(2,876)<span></span>
</td>
<td class="num">(1,219)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetForeignExchangeLoss', window );">Foreign exchange differences</a></td>
<td class="num">(4,613)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(2,697)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TaxOnFinancialOperations', window );">IOF taxes (taxes on financial transactions)</a></td>
<td class="num">(1,661)<span></span>
</td>
<td class="num">(6,801)<span></span>
</td>
<td class="num">(355)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherFinanceCost', window );">Other</a></td>
<td class="num">(7,580)<span></span>
</td>
<td class="num">(4,514)<span></span>
</td>
<td class="num">(416)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Finance expenses</a></td>
<td class="num">(98,269)<span></span>
</td>
<td class="num">(72,365)<span></span>
</td>
<td class="num">(8,154)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_FinanceResult', window );">Finance result</a></td>
<td class="num">R$ (35,979)<span></span>
</td>
<td class="num">R$ (20,676)<span></span>
</td>
<td class="nump">R$ 2,274<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ChangeInFairValueOfDerivativeInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount represents changes in fair value of derivative instruments expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ChangeInFairValueOfDerivativeInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ChangesInFairValueOfDerivativeInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount represents changes in fair value of derivative instruments income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ChangesInFairValueOfDerivativeInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_FinanceResult">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount represents total value of finance result of entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_FinanceResult</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_FinanceResultAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_FinanceResultAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_FinancialDiscountsGrantedExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial discountd expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_FinancialDiscountsGrantedExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TaxOnFinancialOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of taxes on financial transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TaxOnFinancialOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BankAndSimilarCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of bank and similar charges recognised by the entity as an expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BankAndSimilarCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs associated with financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 82<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_82_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense arising from interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B13<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B13_f&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestExpenseOnLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest expense on lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2020-01-01<br> -Paragraph 53<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_53_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpenseOnLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of investment income, such as interest and dividends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2020-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=26&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_35_b_iii&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetForeignExchangeGain">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net gain arising from foreign exchange differences. [Refer: Foreign exchange gain (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2020-01-01<br> -Paragraph 52<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=21&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_52_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetForeignExchangeGain</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetForeignExchangeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net loss arising from foreign exchange differences. [Refer: Foreign exchange gain (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2020-01-01<br> -Paragraph 52<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=21&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_52_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetForeignExchangeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherFinanceCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of finance costs that the entity does not separately disclose in the same statement or note. [Refer: Finance costs]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherFinanceCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherFinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of finance income that the entity does not separately disclose in the same statement or note. [Refer: Finance income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherFinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueFromInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income arising from interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph B13<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B13_e&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueFromInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550582472776">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>21 Income taxes (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="5">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2019</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncomeTaxesAbstract', window );"><strong>Income Taxes</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income taxes</a></td>
<td class="nump">R$ 335,054<span></span>
</td>
<td class="nump">R$ 186,937<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">R$ 98,722<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ApplicableTaxRate', window );">Combined statutory income taxes rate - %</a></td>
<td class="nump">34.00%<span></span>
</td>
<td class="nump">34.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">34.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate', window );">Income taxes at statutory rates</a></td>
<td class="num">R$ (113,918)<span></span>
</td>
<td class="num">R$ (63,559)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">R$ (33,565)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ReconciliationAdjustmentsAbstract', window );"><strong>Reconciliation adjustments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TaxEffectOnIncomeFromEntitiesNotSubjectToTaxation', window );">Tax effect on loss from entities not subject to taxation</a></td>
<td class="num">(8,474)<span></span>
</td>
<td class="num">(1,265)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ProgramaUniversidadeParaTodosFiscalIncentive', window );">PROUNI - Fiscal Incentive</a></td>
<td class="nump">120,851<span></span>
</td>
<td class="nump">73,397<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">30,564<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_UnrecognisedDeferredTaxAssets', window );">Unrecognized deferred tax assets</a></td>
<td class="num">(41,319)<span></span>
</td>
<td class="num">(19,342)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss', window );">Presumed profit income tax regime effect</a></td>
<td class="num">(2,640)<span></span>
</td>
<td class="nump">351<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_PermanentAdjustments', window );">Permanent adjustments</a></td>
<td class="nump">2,567<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_TaxEffectOverPreacquisitionLosses', window );">Tax effect over pre-acquisition losses</a></td>
<td class="nump">13,893<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense', window );">Other</a></td>
<td class="nump">1,973<span></span>
</td>
<td class="num">(3,757)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(987)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxExpenseIncome', window );">Income taxes expense - current</a></td>
<td class="num">R$ (27,067)<span></span>
</td>
<td class="num">R$ (14,175)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">R$ (3,988)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TaxRateEffectFromChangeInTaxRate', window );">Effective rate</a></td>
<td class="nump">8.08%<span></span>
</td>
<td class="nump">7.58%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">4.04%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr><td colspan="6"></td></tr>
<tr><td colspan="6"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">The Company adhered to PROUNI, established by Law 11,096 / 2005, which is a federal program that exempt companies of paying income taxes and social contribution.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Brazilian tax law establishes that companies that generate gross revenues of up to R$ 78,000 in the prior fiscal year may calculate income taxes as a percentage of gross revenue, using the presumed profit income tax regime. The Company adopted this tax regime and the effect of the presumed profit of subsidiaries represents the difference between the taxation based on this method and the amount that would be due based on the statutory rate applied to the taxable profit of the subsidiaries.</td>
</tr>
</table></td></tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_IncomeTaxesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_IncomeTaxesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_PermanentAdjustments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of permanent adjustments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_PermanentAdjustments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ProgramaUniversidadeParaTodosFiscalIncentive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of programa universidade para todos fiscal incentive.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ProgramaUniversidadeParaTodosFiscalIncentive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ReconciliationAdjustmentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ReconciliationAdjustmentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TaxEffectOnIncomeFromEntitiesNotSubjectToTaxation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount represents tax effect on income from entities not subject to taxation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TaxEffectOnIncomeFromEntitiesNotSubjectToTaxation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_TaxEffectOverPreacquisitionLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tax effect over pre acquisition losses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_TaxEffectOverPreacquisitionLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_UnrecognisedDeferredTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of unrecognised deferred tax assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_UnrecognisedDeferredTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ApplicableTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The applicable income tax rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ApplicableTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxExpenseIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 80<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_80_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxExpenseIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2020-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2020-01-01<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to expenses not deductible in determining taxable profit (tax loss). [Refer: Accounting profit]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The product of the accounting profit multiplied by the applicable tax rate(s). [Refer: Accounting profit; Applicable tax rate]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TaxExpenseIncomeAtApplicableTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tax expense exclusive of income tax expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TaxExpenseOtherThanIncomeTaxExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TaxRateEffectFromChangeInTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The tax rate effect on the reconciliation between the average effective tax rate and the applicable tax rate resulting from a change in tax rate. [Refer: Average effective tax rate; Applicable tax rate]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TaxRateEffectFromChangeInTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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<html>
<head>
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587618872">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>21 Income Taxes (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_IncomeTaxesAbstract', window );"><strong>Income Taxes</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ApplicableTaxRate', window );">Statutory rates</a></td>
<td class="nump">34.00%<span></span>
</td>
<td class="nump">34.00%<span></span>
</td>
<td class="nump">34.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncome', window );">Unrecognized deferred income tax assets</a></td>
<td class="nump">R$ 214,387<span></span>
</td>
<td class="nump">R$ 96,627<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_IncomeTaxesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ApplicableTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The applicable income tax rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ApplicableTaxRate</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxExpenseIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tax expense (income) relating to changes in deferred tax liabilities and deferred tax assets. [Refer: Deferred tax assets; Deferred tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2020-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_81_g_ii&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxExpenseIncome</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<TEXT>
<html>
<head>
<title></title>
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<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587831160">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>22 Insurance contracts and contingencies (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="4">12 Months Ended</th>
</tr>
<tr>
<th class="th" colspan="2"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems', window );"><strong>Disclosure of types of insurance contracts [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Provisions', window );">Balance as of beginning of the year</a></td>
<td class="nump">R$ 5,269<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">R$ 3,465<span></span>
</td>
<td class="nump">R$ 1,720<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions', window );">Business combinations</a></td>
<td class="nump">32,576<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">4,372<span></span>
</td>
<td class="nump">2,089<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalProvisionsOtherProvisions', window );">Additions</a></td>
<td class="nump">19,284<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">2,245<span></span>
</td>
<td class="nump">13<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnusedProvisionReversedOtherProvisions', window );">Reversals</a></td>
<td class="num">(3,990)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(4,813)<span></span>
</td>
<td class="num">(357)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Provisions', window );">Balances as of end of the year</a></td>
<td class="nump">53,139<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">5,269<span></span>
</td>
<td class="nump">3,465<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_LegalProceedingsContingentLiabilityMember', window );">Legal proceedings and contingencies [member] | Labour [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems', window );"><strong>Disclosure of types of insurance contracts [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Provisions', window );">Balance as of beginning of the year</a></td>
<td class="nump">2,501<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,233<span></span>
</td>
<td class="nump">297<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions', window );">Business combinations</a></td>
<td class="nump">2,348<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">3,301<span></span>
</td>
<td class="nump">2,089<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalProvisionsOtherProvisions', window );">Additions</a></td>
<td class="nump">10,869<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">737<span></span>
</td>
<td class="nump">13<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnusedProvisionReversedOtherProvisions', window );">Reversals</a></td>
<td class="num">(2,705)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(3,770)<span></span>
</td>
<td class="num">(166)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Provisions', window );">Balances as of end of the year</a></td>
<td class="nump">13,280<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,501<span></span>
</td>
<td class="nump">2,233<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_LegalProceedingsContingentLiabilityMember', window );">Legal proceedings and contingencies [member] | Civil [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems', window );"><strong>Disclosure of types of insurance contracts [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Provisions', window );">Balance as of beginning of the year</a></td>
<td class="nump">2,768<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,232<span></span>
</td>
<td class="nump">1,423<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions', window );">Business combinations</a></td>
<td class="nump">2,741<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,071<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalProvisionsOtherProvisions', window );">Additions</a></td>
<td class="nump">562<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">1,508<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnusedProvisionReversedOtherProvisions', window );">Reversals</a></td>
<td class="num">(1,285)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,043)<span></span>
</td>
<td class="num">(191)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Provisions', window );">Balances as of end of the year</a></td>
<td class="nump">4,519<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,768<span></span>
</td>
<td class="nump">1,232<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_LegalProceedingsContingentLiabilityMember', window );">Legal proceedings and contingencies [member] | Taxes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems', window );"><strong>Disclosure of types of insurance contracts [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Provisions', window );">Balance as of beginning of the year</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions', window );">Business combinations</a></td>
<td class="nump">27,487<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalProvisionsOtherProvisions', window );">Additions</a></td>
<td class="nump">7,853<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Provisions', window );">Balances as of end of the year</a></td>
<td class="nump">R$ 35,340<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">The total amount of R$ 9,940 are related to legal proceedings attributed to the selling shareholders administration. The same amount was recorded as indemnification assets in the balance sheet in other assets.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in other provisions resulting from acquisitions through business combinations. [Refer: Business combinations [member]; Other provisions]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2020-01-01<br> -Paragraph 84<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_84&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionalProvisionsOtherProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additional other provisions made. [Refer: Other provisions]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2020-01-01<br> -Paragraph 84<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_84_b&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionalProvisionsOtherProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Provisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities of uncertain timing or amount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 54<br> -Subparagraph l<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_54_l&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Provisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnusedProvisionReversedOtherProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount reversed for unused other provisions. [Refer: Other provisions]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2020-01-01<br> -Paragraph 84<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_84_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnusedProvisionReversedOtherProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_LegalProceedingsContingentLiabilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_LegalProceedingsContingentLiabilityMember</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=afya_LabourMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=afya_LabourMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=afya_CivilMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=afya_CivilMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=afya_TaxesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=afya_TaxesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>154
<FILENAME>R115.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550587281080">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>22 Insurance contracts and contingencies (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems', window );"><strong>Disclosure of types of insurance contracts [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherProvisions', window );">Total</a></td>
<td class="nump">R$ 66,662<span></span>
</td>
<td class="nump">R$ 50,288<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_LegalProceedingsContingentLiabilityMember', window );">Legal proceedings and contingencies [member] | Labour [member] | Risk [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems', window );"><strong>Disclosure of types of insurance contracts [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherProvisions', window );">Total</a></td>
<td class="nump">2,318<span></span>
</td>
<td class="nump">3,570<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_LegalProceedingsContingentLiabilityMember', window );">Legal proceedings and contingencies [member] | Civil [member] | Risk [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems', window );"><strong>Disclosure of types of insurance contracts [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherProvisions', window );">Total</a></td>
<td class="nump">59,969<span></span>
</td>
<td class="nump">39,135<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_LegalProceedingsContingentLiabilityMember', window );">Legal proceedings and contingencies [member] | Taxes and Social Security [member] | Risk [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems', window );"><strong>Disclosure of types of insurance contracts [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherProvisions', window );">Total</a></td>
<td class="nump">R$ 4,375<span></span>
</td>
<td class="nump">R$ 7,583<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of provisions other than provisions for employee benefits. [Refer: Provisions]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2020-01-01<br> -Paragraph 84<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_84_a&amp;doctype=Standard<br> -URIDate 2020-01-01<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2020-01-01<br> -Paragraph 78<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_78_d&amp;doctype=Standard<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherProvisions</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_LegalProceedingsContingentLiabilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_LegalProceedingsContingentLiabilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=afya_LabourMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=afya_LabourMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=afya_TypesOfRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=afya_TypesOfRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=afya_CivilMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=afya_CivilMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=afya_TaxesAndSocialSecurityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=afya_TaxesAndSocialSecurityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>155
<FILENAME>R116.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
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</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550582436264">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>22 Insurance contracts and contingencies (Details Narrative) - Other assets (non-current) [member] - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems', window );"><strong>Disclosure of types of insurance contracts [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_JudicialDeposits', window );">Judicial deposits</a></td>
<td class="nump">R$ 1,451<span></span>
</td>
<td class="nump">R$ 804<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_ContingenciesCorrespondentAmount', window );">Contingencies correspondent amount</a></td>
<td class="nump">R$ 53,499<span></span>
</td>
<td class="nump">R$ 6,690<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_ContingenciesCorrespondentAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of contingencies correspondent amount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_ContingenciesCorrespondentAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_JudicialDeposits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of judicial deposits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_JudicialDeposits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=afya_OtherAssetsNonCurrentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=afya_OtherAssetsNonCurrentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>156
<FILENAME>R117.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140550577369304">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>24 Subsequent events (Details Narrative)<br> R$ in Thousands, $ in Thousands</strong></div></th>
<th class="th"><div>Apr. 30, 2021</div></th>
<th class="th">
<div>Apr. 27, 2021 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Apr. 16, 2021 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Apr. 08, 2021 </div>
<div>BRL (R$)</div>
</th>
<th class="th"><div>Mar. 31, 2021</div></th>
<th class="th">
<div>Mar. 25, 2021 </div>
<div>BRL (R$)</div>
</th>
<th class="th"><div>Jan. 31, 2021</div></th>
<th class="th">
<div>Oct. 09, 2020 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Apr. 27, 2021 </div>
<div>BRL (R$)</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=afya_EventsAfterReportingPeriodsMember', window );">Events After Reporting Periods [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DescritionOfShareBasedCompensation', window );">Descrition of Share-based compensation</a></td>
<td class="text">In April 2021, 139,000 additional stock options were granted, with an exercise price of R$105 (in Brazilian Reais). These stock options will vest in five annual installments.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">In March 2021, 65,000 additional stock options were granted, with an exercise price of R$105 (in Brazilian Reais). These stock options will vest in five annual installments.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">In January 2021, 545,000 additional stock options were granted, with an exercise price of R$115 (in Brazilian Reais). These stock options will vest in five annual installments.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=afya_EventsAfterReportingPeriodsMember', window );">Events After Reporting Periods [Member] | SoftBank Latin America Fund [member] | Series A perpetual convertible preferred shares [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Aggregate purchase price</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 822,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_DescritionOfKeyTermsOfPerpetualConvertiblePreferredShares', window );">Descrition of key terms of the perpetual convertible preferred shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> - Entitled to receive 6.5% per annum cumulative dividend payable quarterly and in BRL (payable in USD in BRL equivalent);      - Softbank shall have the right at any time, to convert its Series A Preference Shares into 5,917,888 common shares, established at US$25.35 (20% premium in VWAP &#8211; US$21.12);      - Softbank shall have the right to redeem any time after the 5th year anniversary at 105% premium;      - Afya will have the right to force conversion after the 3rd year anniversary if forced conversion trigger conditions are satisfied.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=afya_EventsAfterReportingPeriodsMember', window );">Events After Reporting Periods [Member] | SoftBank Latin America Fund [member] | Series A perpetual convertible preferred shares [member] | USD [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Aggregate purchase price | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 150,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_IClinicParticipacoesSAMember', window );">iClinic participacoes s.a [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Proportion of ownership interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Aggregate purchase price</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 182,656<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DateOfAcquisition2013', window );">Acquisition date</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Jan. 21,  2021<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MethodOfDeterminingFairValueOfInstrumentsOrInterests', window );">Description of payement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">(i) 61.5% is payable in cash, and (ii) 38.5% is payable with Afya's shares on the transaction closing date.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BusinessCombinationsTransactionCosts', window );">Transaction costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 421<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_MedicinaeMember', window );">Medicinae solutions s.a [member] | Events After Reporting Periods [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Proportion of ownership interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Aggregate purchase price</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 5,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MethodOfDeterminingFairValueOfInstrumentsOrInterests', window );">Description of payement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">100% was paid in cash on the transaction closing date.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BusinessCombinationsTransactionCosts', window );">Transaction costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 169<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BusinessCombinationsEarnOutAmount', window );">Business combinations earn out amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 4,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_MedicalHarbourMember', window );">Medical harbour aparelhos medico hospitalares e servicos em tecnologia ltda [member] | Events After Reporting Periods [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Proportion of ownership interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Aggregate purchase price</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 5,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MethodOfDeterminingFairValueOfInstrumentsOrInterests', window );">Description of payement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">100% was paid in cash on the transaction closing date.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BusinessCombinationsTransactionCosts', window );">Transaction costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 48<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BusinessCombinationsEarnOutAmount', window );">Business combinations earn out amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 9,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_CliquefarmaMember', window );">Cliquefarma drogarias online ltda [member] | Events After Reporting Periods [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Proportion of ownership interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Aggregate purchase price</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 19,165<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashTransferred', window );">Paid in cash</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,165<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInterestsOfAcquirer', window );">Paid in stocks</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BusinessCombinationsTransactionCosts', window );">Transaction costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">22<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_afya_BusinessCombinationsEarnOutAmount', window );">Business combinations earn out amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 3,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_BusinessCombinationsEarnOutAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of business combinations earn out amount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_BusinessCombinationsEarnOutAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_BusinessCombinationsTransactionCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of business combinations transaction costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_BusinessCombinationsTransactionCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DescritionOfKeyTermsOfPerpetualConvertiblePreferredShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information pertaining to key terms of the perpetual convertible preferred shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DescritionOfKeyTermsOfPerpetualConvertiblePreferredShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_afya_DescritionOfShareBasedCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Descrition of Share-based compensation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">afya_DescritionOfShareBasedCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>afya_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at acquisition date, of the consideration transferred in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_f&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at acquisition date, of cash transferred as consideration in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_f_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DateOfAcquisition2013">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The date on which the acquirer obtains control of the acquiree in a business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DateOfAcquisition2013</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityInterestsOfAcquirer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at the acquisition date, of equity interests of the acquirer transferred as consideration in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_f_iv&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityInterestsOfAcquirer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MethodOfDeterminingFairValueOfInstrumentsOrInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the method of measuring the fair value of equity interests of the acquirer transferred as consideration in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_f_iv&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MethodOfDeterminingFairValueOfInstrumentsOrInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of voting equity interests acquired in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2020-01-01<br> -Paragraph B64<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2020-en-r&amp;anchor=para_B64_c&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2020-01-01<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PercentageOfVotingEquityInterestsAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=afya_EventsAfterReportingPeriodsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=afya_EventsAfterReportingPeriodsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=afya_SoftBankLatinAmericaFundMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=afya_SoftBankLatinAmericaFundMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfEquityAxis=afya_SeriesAPerpetualConvertiblePreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfEquityAxis=afya_SeriesAPerpetualConvertiblePreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_CurrencyAxis=currency_USD">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_CurrencyAxis=currency_USD</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_IClinicParticipacoesSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=afya_IClinicParticipacoesSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
